IBM makes $2 billion available to fund IT initiatives
As part of its efforts to develop products that meet the technology infrastructure needs funded by the American Recovery and Reinvestment Act (ARRA) — smart grid, health information and broadband — Armonk, N.Y.-based IBM is offering $2 billion in funding through IBM Global Financing, the company's lending and leasing business segment. For qualifying customers, the loans will come with low rates and flexible payment options, deferred payment plans and structured lines of credit.
Specialized project financing packages allow loan recipients to align their payments through the course of the project with anticipated benefits. The financing is primarily for projects that use IBM hardware, software and technology services components, but also can be applied to non-IBM technology as part of a larger IBM solution.
More information on the financing is available at http://www-03.ibm.com/financing/us/.