Ingram Micro Offers Terms at 90-Days Same as Cash

Published On: May 11, 2020Categories: Buzz, Uncategorized

Ingram Micro has announced two new financial services offerings intended to help channel partners to more effectively manage their cash flow. Additional Flexible Funding Helps Channel Partners Manage and Maximize Cash Flow.

Available immediately, Ingram Micro’s 90-Day Same as Cash is expected to stimulate sales by enabling customers, purchasing through partners, to lease or pay cash for new technology purchasing after 90 days. The distributor is also adding more time to terms with its Bakers Dozen, which extends a typical 12-month financing deal to 13 payments at no additional charge.

In addition, Ingram Micro financing terms for the new Future Funds program have been lowered from 1.5% to 1 % of the total purchase price. Introduced last month, Ingram Micro’s Future Funds program offers interest only payments for six months and then at month seven presents the customer with a choice to pay off the balance or finance the balance for an additional 12 to 60 months.

“In today’s uncertain times, every effort—big or small—that helps move business forward and keeps people connected and working safely and securely counts,” said Kirk Robinson, senior vice president and U.S. Chief Country Executive of Ingram Micro.

Since announcing the new services in March 2020 and extending more than $110 million in additional credit to channel partners, Ingram Micro has seen a spike in demand for its financial services.

Channel Impact®
The new Ingram Micro services come at a time when channel partners and their customers are more likely to need flexible financing.

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