The new financing program offered with Standard Chartered Bank is designed to help Cisco accelerate growth in the SMB space.Cisco Capital and Standard Chartered Bank are offering a new financing program for SMBs in the United Arab Emirates.
Under the program small and midsize customers can get loans underwritten by Standard Chartered to purchase Cisco technology solutions. The networking company already offers similar financing deals in other geographies.
The program is available through Cisco Certified Partners and Cisco Business Partners in UAE, the companies said. It offers loans of up to AED 730,000 ($200,000 US) with tenors ranging from 12 to 36 months at competitive interest rates, subject to credit approval, Cisco said.
"Research has revealed that SMBs in the Gulf and elsewhere understand the transformative impact technology can have on their business, yet perceive affordability as a key challenge," said Sam Alkharrat, managing director of Cisco Gulf and Pakistan, in a statement.
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