BT is targeting startups with a new communications finance scheme, allowing them to lease up to £15,000 of telecoms kit.
Under the "KickStart Scheme", in conjunction with Shire Leasing, new businesses trading for under three years will be eligible for funding subject to credit vetting. BT said KickStart will "help small businesses raise funds in a challenging economic climate and avoid having to rely on bank loans, overdrafts or credit cards".
The scheme covers products and services including telephone systems, handsets, connection charges, software licences and IT equipment such as laptops. The scheme is open to all industries and "has very flexible underwriting", said BT, aimed at delivering higher acceptance levels for new-start companies.
An average £3,000 loan will cost less than £20 per week, said BT, and can be added to as a business grows.
Declan McGlone, general manager of BT Finance, said: “The UK has an average of 270,000 startup businesses every year. KickStart offers finance over a fixed term, at a fixed rate, making it easier for customers to budget.”
Brocade recently launched a flexible network hardware leasing system aimed at cloud-based IT environments. Brocade Network Subscription is a subscription-based acquisition option that allows customers to acquire network capacity on demand in response to fluctuating needs.