Microsoft Ups Loans For Small Businesses

<a href="">The Wall Street Journal</a>

Jim Manico, OWASP Global Board Member

April 16, 2008

1 Min Read

Amid a tight credit market, Microsoft has announced plans to increase the amount it loans smaller businesses for their high-tech purchases.A typical small-business loan from Microsoft falls in the $100,000 to $500,000 range. Last year its financing to small businesses tallied $780 million; this year it expects to issue $1.25 billion in loans -- a 60 percent increase.

According to IDC, by 2011 at least one-third of technology financing providers won't be around. At the same time, the researcher expects tech buyers to finance 38 percent more of their purchases, with financing reaching $111 billion, or 8 percent, of all high-tech spending.The Wall Street Journal

About the Author(s)

Jim Manico

OWASP Global Board Member

Jim Manico is a Global Board Member for the OWASP foundation where he helps drive the strategic vision for the organization. OWASP's mission is to make software security visible, so that individuals and organizations worldwide can make informed decisions about true software security risks. OWASP's AppSecUSA<> conferences represent the nonprofit's largest outreach efforts to advance its mission of spreading security knowledge, for more information and to register, see here<>. Jim is also the founder of Manicode Security where he trains software developers on secure coding and security engineering. He has a 18 year history building software as a developer and architect. Jim is a frequent speaker on secure software practices and is a member of the JavaOne rockstar speaker community. He is the author of Iron-Clad Java: Building Secure Web Applications<> from McGraw-Hill and founder of Brakeman Pro. Investor/Advisor for Signal Sciences.

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