Cisco Capital and Standard Chartered Bank Launch Financing Program to Help Accelerate the Growth of Small to Medium- sized Businesses in United Arab Emirates
Cisco CapitalTM and Standard Chartered Bank today announced a new financing program designed to increase the deployment of world-class information technology solutions by small to medium-sized businesses (SMBs) in the United Arab Emirates. Under the program, SMB customers can obtain loans, underwritten by Standard Chartered, at competitive rates to purchase Cisco technology solutions.
Available through Cisco Certified Partners and Cisco Business Partners in UAE, the financing program provides flexible payment terms and fast credit processing, helping SMBs deploy the IT infrastructure they require to expand their business. By making payments on a monthly basis, SMB customers can acquire leading-edge technologies without having to pay for them upfront, thereby maintaining consistent and balanced operating and capital expenditures.
The financing program offers loans of up to AED 730,000 (USD $200,000) for all Cisco hardware, software and services, with tenors ranging from 12 to 36 months at competitive interest rates (subject to credit approval). Cisco certified resellers along with Cisco Capital will help customers to complete financing documentation and process it with Standard Chartered Bank.