Equanet gets serious about financing

VAR partners with CIT Global Vendor Finance to help customers get their hands on much needed funds

Equanet has partnered with CIT Global Vendor Finance to help cash-strapped SMB customers gain much needed finance.

Under the terms of the deal, Equanet will be drawing on CIT's experience across Europe and offering a range of finance solutions to support business growth.

Phil Birbeck, managing director of DSGi Business, said: "Times have never been harder for business in the UK and, in the current economic climate, it is often difficult to invest in critical technology.

"Banks haven't met their lending targets to SMEs, yet companies need to free up cash flow and maximise their IT budgets. This partnership will offer vital financial solutions to SMEs, ensuring that they meet their business needs today."

One of the initiatives offered through the partnership includes zero per cent leasing options for hardware purchases over £1,000.

Rich Green, managing director of CIT Vendor Finance, Europe, said: "We are very excited to be partnered with Equanet. This is a perfect opportunity to incorporate greater leasing solutions into Equanet's already extensive IT services, and for both companies to develop and create relationships with UK SMEs and the private sector.

"CIT has experience in providing financing to more than half a million SMEs, so we understand that our leasing agreements are a vital option for companies who demand cutting-edge and competitive technology."