Cisco Unveils Three-Year, Zero Percent FinancingBy Carolyn April | Print
Cisco partners will be able to offer customers in the United States the aggressive financing plan that applies to all Cisco products -- hardware, software and services.
Looking to jump-start buyer demand as the economy slowly awakens, Cisco this
week rolled out an aggressive financing program for its partners to dangle in
front of customers.
The new program, outlined by Cisco Capital, offers three-year, zero percent financing for SMBs in the United States. The terms apply to the entire Cisco commercial product portfolio—hardware, software and services—unlike prior financing programs that covered specific product bundles only, said Maryann Von Seggern, director of Cisco Capital. The new program covers purchases from $1,000 up to $250,000.
"We really think this is going to help our partners convince customers that put off purchases during the recession last year to buy again," said Edison Peres, senior vice president of channels at Cisco, during an interview with Channel Insider.
Peres said that Cisco is viewing 2010 as a year in which partners’ own businesses will begin to stabilize and grow and that sales will rebound among customers that put the brakes on major IT projects last year. The new financing program is just one initiative the company plans to implement to drive demand and help partners capitalize on new opportunities, he said.
The three-year, zero percent program will be available to customers until July 31, exclusively through Cisco Certified partners.