Global IT solutions distributor, Ingram Micro, has extended $110 Million in additional credit to channel partners in the U.S. and Canada while waiving financial services fees. Ingram Micro is responding to the financial constraints and market challenges U.S. and Canadian SMBs are facing amid COVID-19.
The extended $110 million in additional credit will be made available to approximately 2,000 channel partners across North America. Available immediately in the U.S. and Canada, Ingram Micro’s new ‘KickStart Financing and Future Funds’ programs allow channel partners additional cash flow options to finance the technology, services and support needed in real-time, allowing for more complete solutions to be sold together.
“Our channel partners and their customers need the funding and flexibility to make the right business technology decisions for their organizations, now and in the future,” said Ingram Micro Chief Financial Executives Kelly Carter (Canada) and Anthony Mackle (U.S.). “Our teams worked smart and fast to customize programs that will work best for the type of solutions our partners are delivering, and for the business climate expected in the weeks and months ahead.”
“We’re in this together”
In addition, Ingram Micro’s new Future Funds program is offered with interest only payments for six months and starting payments of “only” 1.5% of the total purchase price. At month seven the customer is presented a choice to pay off the balance or finance for an additional 12 to 60 months.
“During times of uncertainty and crisis, you have to work closer and rely even more on your partners and your overall ecosystem,” said Ingram Micro Senior Vice President and Chief Country Executives Kirk Robinson (U.S.) and Bill Brandel (Canada). “We’re in this together and need to continue to ask ourselves and those we serve and collaborate with: What more can we do to help?”
More information about Ingram Micro financial solutions is available at https://imaginenext.ingrammicro.com/it-solution-provider/services/financial-solutions.