Ingram Micro Inc. released two new partner financing programmes as a response to COVID-19 and the financial constraints and market challenges US and Canadian small and mid-size businesses (SMBs) are facing.
It has extended $110m in additional credit to approximately 2,000 channel partners across North America; temporarily waiving any fees associated with the majority of its partner financing programme; and now offering exclusive terms to members of the Ingram Micro SMB Alliance and Trust X Alliance communities.
Available from March 24, in the US and Canada, Ingram Micro’s new KickStart Financing and Future Funds programmes allow channel partners additional cash flow options to finance the technology, services and support needed in real-time, allowing for more complete solutions to be sold together. In addition, Ingram Micro’s new Future Funds programme will be offered with interest-only payments for six months and starting payments as low as 1.5% of the total purchase price. At month seven the customer is presented a choice to pay off the balance or finance for an additional 12 to 60 months.
Ingram Micro has additional financing solutions available to channel partners across the US and Canada including Direct Express, Technology as a Service, End-user Financing, Manufacturer Financing, Lockbox Solutions. All Ingram financing programmes allow for complete solutions to be financed together versus one-off point sales that require separate financing agreements.
Ingram Micro Chief Financial Executives Kelly Carter (Canada) and Anthony Mackle (US) noted, “Our channel partners and their customers need the funding and flexibility to make the right business technology decisions for their organisations, now and in the future. Our teams worked smart and fast to customise programmes that will work best for the type of solutions our partners are delivering, and for the business climate expected in the weeks and months ahead.”
Source: Ingram Micro
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