Dell tosses life ring to partners with extension of $9bn line of credit

Vendor's Payment Flexibility Program will be extended to help partners remain afloat through financial impact of pandemic

Dell is extending its $9bn worth of credit with 0 per cent interest through to 30 October, in an effort to keep projects from sinking amid COVID-19 financial pressures.

Dell president of financial services, Bill Wavro, said partners will also be able to defer payments until 2021 "to continue helping their customers adapt to the changing landscape".

"Our commitment extends to our channel and global alliances partners with Dell Financial Services accessible to thousands of partners," he said.

"Partners whose customers use DFS can improve their cash flow and liquidity by being paid within days. Additionally, qualifying partners can get a payment extension of 45 to 90 days with the Dell Technologies Working Capital Solutions Program."

The program includes all Dell Technologies server, storage and networking solutions.

Dell's outgoing global channel boss, Joyce Mullen, said the vendor will remain sensitive to partner concerns around financing and cash flow liquidity.

"Many of our partners may need help in this area as they try to serve their customers and help their employees remain productive during this difficult time," she said.

"With that in mind, we have taken actions to provide immediate financial relief to metaled partners while helping build capabilities and pipeline for the future."

Financing is now available in the UK, Ireland, France, Italy, Spain, Germany, Austria, Switzerland, the Netherlands, Belgium, Luxembourg, Sweden, Norway, Denmark, Poland and Finland.