SHARE
Facebook X Pinterest WhatsApp

Cisco Extends Progress Payments Program

Cisco Systems Capital is extending, to July 28, its zero percent progress payments, to free cash flow and enable VARs to take on more projects at one time, the company announced Jan. 8. Progress payments provide VARs with interest-free advances, up to 80 percent of the total, to help cover expenses on Unified Communications deployments […]

Written By
thumbnail
John Hazard
John Hazard
Jan 10, 2007
Channel Insider content and product recommendations are editorially independent. We may make money when you click on links to our partners. Learn More

Cisco Systems Capital is extending, to July 28, its zero percent progress payments, to free cash flow and enable VARs to take on more projects at one time, the company announced Jan. 8.

Progress payments provide VARs with interest-free advances, up to 80 percent of the total, to help cover expenses on Unified Communications deployments when the final payment might be months away.

The measure will enable Cisco VARs to juggle more projects at once without struggling to keep the lights on while waiting for final payment, Cisco and VARs said.

Pointer Cisco Capital and Ingram Micro team on SMB lease financing. Click here to read more.

Participating VARs are paid in installments as the project reaches milestones defined by partner and customer. On payment of the final stage, the total investment is transferred to a lease.

The program is a promotion to encourage Unified Communications adoption and applies only to those deals of that technology over $50,000. Only Cisco partners with the IPC (IP Communications) qualify, Cisco said.

Cisco also opened the program to resellers of distributor Ingram Micro that are not already working with Cisco Capital.

In addition, Cisco and Ingram launched Jan. 8 a leasing program, Cisco Express Leasing, to open access for more SMB VARs and customers. Both companies expect expanded terms and a streamlined process to make advanced network solutions accessible to more SMB customers and put more money in the channel.

Recommended for you...

Video: New CEO of Zones on AI, Growth, and Channel Vision
Katie Bavoso
Nov 5, 2025
Video: Unlock Revenue Growth with the Eaton Power Advantage Partner Program
Katie Bavoso
Sep 29, 2025
Video: From Law Firm IT to Leading an MSP: Atul Bhagat on Community, Consolidation & Growing BASE Solutions
Katie Bavoso
Sep 25, 2025
Video: Kite Technology Group on Serving Independent Insurance Agencies | Compliance, AI & Go-Giver Growth
Katie Bavoso
Aug 28, 2025
Channel Insider Logo

Channel Insider combines news and technology recommendations to keep channel partners, value-added resellers, IT solution providers, MSPs, and SaaS providers informed on the changing IT landscape. These resources provide product comparisons, in-depth analysis of vendors, and interviews with subject matter experts to provide vendors with critical information for their operations.

Property of TechnologyAdvice. © 2025 TechnologyAdvice. All Rights Reserved

Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.