Cisco offers easy lease for SMBs

Cisco Capital has announced the launch of its easy lease programs in India to

help small and medium-sized businesses (SMBs) to invest in smart data and

communications solutions.

According to Cisco statement, this financing program is designed to enable

SMBs to adopt network technology quickly and easily, with minimal investment and

maximum convenience.

Easy lease makes it simple for SMBs to invest in the information technology

where they need to grow their businesses.

The program provides transactions ranging from Rs 10 lakh to 80 lakh

By making payments on a monthly or quarterly basis, SMBs can maintain

consistent and balanced operating and capital expenditures. Easy lease offers

streamlined lease documentation, flexible payment options and fast turnaround,

the statement added.

According to a recent study by AMI-Partners, SMBs in India are planning to

spend more than $8 billion in 2007 to beef up their IT infrastructures, which

represents a robust 24 percent increase from last year.

“Indian SMBs understand the critical transformative impact that technology

can have on their businesses, but are often hampered by budget issues that

restrict their ability to purchase the equipment they need,” said Gautam Munish,

Country Manager-Leasing, Cisco Capital India. “This competitive financing offer

from Cisco Capital puts Cisco technology within the reach of more SMBs, enabling

them to equip their workforces with the latest communications and information

technologies and improve productivity,” added Manish.

Cisco Capital financing in India is available through Cisco certified channel

partners for all Cisco products and services. The easy lease is currently

available at a special rate of seven percent for a 12 to 36 month term.