Cisco Introduces Financing Plan For SMBs

Small and midsize businesses can get three-year, zero-percent financing on products and services ranging in price up to $250,000.The financing is through Cisco Capital, the financing subsidiary of Cisco Systems. It's available on all Cisco products and services costing $1,000 to $250,000. Companies that purchase a Cisco Smart Business Architecture network plan may also qualify for a three-month deferral of payments. According to Kris Snow, president of Cisco Capital, "At a time when capital budgets are limited, our ability to provide a variety of financing options can help our customers acquire the technology they need to boost productivity and distance themselves from their competition, especially as the economy recovers."

The maximum term is 36 months, and the offer is available through Cisco Certified Partners until July 31, 2010. The program is part of Cisco's Navigate to Accelerate initiative, which is meant to help Cisco's partners through the difficult economy.

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