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Offering description
- IBM Flexible Credit offers you a single line of credit that can be used with your choice of over 120 authorized suppliers or distributors
- You can apply online for fast, easy business credit, with credit lines ranging from $100K - $500K, depending on credit rating
- No financial statements are required, and credit lines are incremental to any other financing you may have in place
- IBM Flexible Credit brings relief from the cash crunch, with the option to flex payments up to 60 days past an initial free (no-interest) period
- Once enrolled, you can manage all aspects of your account online
When it comes to acquiring inventory, every value-added reseller or systems integrator knows that a good line of credit is essential to keeping up with fluctuations in demand. But what if you're already limited by tight credit, or it's just not practical to establish a line of credit with every supplier or distributor that you want to do business with?
IBM Flexible Credit™, from IBM Global Financing, is a line of credit that isn't limited to IBM, or even to one supplier. With more than one-hundred authorized suppliers, distributors and manufacturers to choose from, you can use IBM Flexible Credit to acquire virtually any product you need to fulfill your customers' requirements.
You can submit a simple online credit application, and, in most cases, you'll find out in minutes exactly how much credit you're eligible for. You can even qualify for IBM Flexible Credit if you currently have a credit line with one or more distributors or suppliers. There's no need to provide financial statements, and no minimum sales amount.
Once approved, you can use your credit line immediately! When you submit an order, just provide a supplier code with the order, and the supplier will automatically process the invoice and send it to IBM Global Financing. If the order is approved for financing we'll pay the supplier, and invoice you directly for payment.
Best of all, you decide how quickly you want to pay. If you pay the full invoice amount by the end of the free-financing period, there's no charge at all. But you can stretch your payments out as much as 60 days after the free-financing period (minimum monthly payments required). It's all up to you!
Benefits:
- A PDF version of your agreement will be available for your review; just click to electronically sign
- As you tap into your credit line, there are no interest charges for financing periods of 30, 45 or 60 days, depending on each Supplier's program
- You can pay back the principle at the end of the free period
- The Flex payment option is interest-bearing -- Charges are billed only for the number of days the extra time is used, after the no-interest period
- IBM Flexible Credit is available in the United States now, with expansion to Canada and Europe later in 2007
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Eligibility requirements Financing is available to credit-qualified clients in the United States who are resellers in the IT equipment, software or services and consumer electronics industries. Clients must be in business a minimum of two years and have established relationships with suppliers that provide these industry products for resale.
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Apply for Flexible credit An IBM ID is required to submit an application and access the Account Management Tool (AMT). An IBM ID allows you to enter application data and view your contract status in a secure, safe site.
If you already have an IBM ID and password, please click here to sign in and fill out the Flexible Credit application. (Note: Your IBM ID and password is case sensitive.)
If you do not have an IBM ID and password, please click here to register. Please allow the system to process your ID and password before applying for the Flexible Credit. That will take approximately five minutes or less.
This link will take you to the sign in page, where you can click on the "Register now" link and follow the instructions.
The following information is required when registering for an ID and password: Preferred language, email, first name, last name, daytime phone, office address.
When you have completed the registration process, please write down your IBM ID and password and store in a safe place.
Click on the "Continue" button, enter your IBM ID and password (Note: Your IBM ID and password is case sensitive.) and click "Submit". You can now fill out the credit application form. Additional information is required for the IBM Flexible Credit application.
NOTE:
Due to the availability of our credit scoring partners, applications for the IBM Flexible Credit program may be submitted during the following hours (all times Eastern Standard Time):
Monday through Friday: 4:00 AM to 12:00 midnight
Saturday: 7:00 AM to 9:00 PM
Sunday: 10:00 AM to 9:00 PM
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Terms & conditions
- Application requires either a loan agreement, or a loan agreement and a personal guarantee
- IBM Flexible Credit is additive to any supplier's free-financing period
- Balance can be paid anytime during the extension period; a minimum payment of one-third of the balance is due each 30 days
- Interest will only accrue on the invoice amount you elect to extend, for the number of days you choose to extend the payment, and is calculated based on the average daily balance
- The balance can be paid anytime during the extended pay period, but a minimum payment of one-third of the balance is due at the end of the supplier's free financing period and each 30 days thereafter. There is an interest fee of 1.25% per month multiplied by the average daily balance of the unpaid principle you wish to extend
- In order to receive a prompt response to your credit application, please be sure to fill out all required fields, including the correct social security number of one of the company's principals. Failure to do so will result in the system rejecting your application. Completing the application does not necessarily mean you will be asked to provide a personal guaranty.
- IBM does not retain social security numbers once your account is credit scored. In addition, all information connected with IBM Flexible Credit is maintained on a secure IBM website.
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