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IBM to establish financing for cash-hungry small businesses

Published by Steve Coleman on September 12, 2011

IBM is getting into the financing game for worthy small and medium-sized enterprises.

The hardware maker plans to open the coffers to more than $1 billion in financing over the next year-and-a-half to credit-hungry companies to help them buy IBM's newest collection of advanced technologies.

IBM says it's looking to do something about U.S. Small Business Administration reports that more than half of new small businesses fail within their first five years because of a lack of capital.

For more information on the decision to finance its customers, visit the following link.

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