Microsoft Ups Loans For Small BusinessesMicrosoft Ups Loans For Small Businesses
<a href="http://online.wsj.com/article/SB120831370196118521.html">The Wall Street Journal</a>
April 16, 2008
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
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