IBM Broadens Efforts to Prepare Small and Medium Businesses for Growth
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IBM will provide $1 billion in financing to help credit-qualified small and medium businesses (SMBs) over the next 18 months take advantage of a new suite of advanced technologies such as analytics and cloud.
This effort is designed to help SMBs spur innovation and drive economic growth by making credit more easily accessible, with approvals often in less than 60 seconds, through IBM Global Financing.
Raj Aggarwal, CEO of Localytics and winner of IBM SmartCamp NYC earlier this year keys in on the important of focus. Being a small business means that you are small and nimble, but you have to be agile enough to 'change direction on a dime'.
Mike Grandinetti, MD of Soutboro Capital talks about the financing issues small businesses face.