One of the main reasons for the rising popularity of managed services in the IT sector is the ability for companies to pay for solutions in small, monthly increments, without having to shell out the funds for resources up front.

Michael Cusanelli, Associate Editor

September 24, 2015

2 Min Read
Ingram Micro Rolls Out New Financing Solutions for Channel Partners

One of the main reasons for the rising popularity of managed services in the IT sector is the ability for companies to pay for solutions in small, monthly increments, without having to shell out the funds for resources up front. And in situations where it’s still necessary to pay for business resources with an opex model, companies must either struggle to find available capital or make do with older solutions.

With this in mind, Ingram Micro (IM) announced the launch of three financial programs designed to help its U.S. channel partners purchase and lease new technology. The distributor is working in conjunction with Lending Club, a peer-to-peer lending company, to provide resellers with the means to obtain the solutions they need without having to worry about insufficient cash flow.

“We’re constantly asking our partners what more we can do and in response we’ve designed three new financing programs that will make it easier to market and sell technology to businesses of all sizes,” said Kelly Carter, senior director of Credit Development at Ingram Micro, in a statement. “Leveraging any or all of these programs will help channel partners shorten the sales cycle by giving their customers the flexibility they need to invest in the right solutions and services to achieve their goals.”

Straight from the press release, the new programs include:

  • Ingram Micro Lending Club, a service provided by Ingram Micro and Lending Club that offers channel partners access to an unsecured line of credit with flexible payment terms and business loans up to $300,000.

  • Ingram Micro NOWaccount, a capital access program to help partners generate sales, increase inventory and become more competitive.

  • Ingram Micro Lease-IT!, a branded leasing program to help channel partners offer flexible terms and conditions to customers.

The three new initiatives will complement Ingram’s existing financial services programs, including terms credit, vendor subsidized flooring and purchase order assignment, among others.

“Lending Club is excited to work with Ingram Micro to make affordable credit available to their tens of thousands of SMB-focused channel partners,” said Renaud Laplanche, founder and CEO of Lending Club. “The purchase finance line of credit available through Lending Club will help Ingram Micro accelerate its core business, and the term loan product will empower Ingram Micro channel partners to invest in their own growth and deliver greater value to their customers.”

Read more about:

AgentsMSPsVARs/SIs

About the Author(s)

Michael  Cusanelli

Associate Editor, Penton Technology Group, Channel

Michael Cusanelli is the associate editor for Penton Technology’s channel properties, including The VAR Guy, MSPmentor and Talkin' Cloud. He has written articles and produced video for Newsday.com and is a graduate of Stony Brook University's School of Journalism in New York. In his spare time Michael likes to play video games, watch sci-fi movies and participate in all things nerdy. He can be reached at [email protected]

 

Free Newsletters for the Channel
Register for Your Free Newsletter Now

You May Also Like