AT&T Announces Industry-First Financing Iinitiative to help small businesses...
Friday, November 19, 2010
Posted by: Rhette Baughman
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AT&T Announces Industry-First Financing Initiative to Help
Small Businesses Secure ‘Game-Changing’ Wireless Solutions
AT&T Capital Services Provides Cash-Strapped Small
Businesses With Loans
For AT&T Wireless Devices, Wireless Data Plans, and Mobile Applications
Sept. 28, 2010 — With access to capital among their
biggest challenges, cash-strapped small businesses got some good news today
from AT&T*. Through its financing subsidiary, AT&T Capital Services,
the company is now providing loans to small businesses looking to deploy new
wireless solutions or upgrade existing ones.
Cathy Martine, AT&T Executive Vice President – Small Business Solutions, AT&T
Business Solutions, made the announcement during her keynote speech at the
annual Women Impacting Public Policy Conference in Washington DC this morning.
Until recently, AT&T Capital Services financing had
focused on traditional wired communications solutions, including office phone
systems and equipment, high speed Internet, maintenance and associated
"With more than 25 years experience in communications
financing, we know the challenges that small businesses face and understand
that today, perhaps more than ever before, access to capital is critical to
sustaining their operations,” Martine said. "Our goal is to provide small
businesses with access to new options for funding game-changing wireless
solutions, to help them innovate and grow and, ultimately, to serve as a
catalyst to jumpstart this critical engine for U.S. economic recovery.”
Since recently introducing wireless solutions financing,
AT&T Capital Services has closed loans totaling several hundred thousand
dollars, with deals totaling several million dollars in the pipeline. The
organization finances transactions as small as $1,000 in support of
organizations purchasing AT&T business solutions.
AT&T Capital Services was established in 1984 to finance
business customer purchases of AT&T products and services by converting
one-time, upfront costs into monthly payments.
To date, the organization has recorded more than $6 billion
in contract originations for more than 5,000 commercial and municipal
customers. Benefits of AT&T financing include:
Minimal capital outlay – allows customers to avoid
down payments and make easy monthly payments that fit their budgets
Lifecycle management – minimizes risk of
Packaged solution – offers one-stop shopping and
a simple contracting process
Reliability –AT&T Capital Services does not sell its loans, holding and
servicing them for their entire term
Alternate source of credit to preserve bank
"In recent months, we’ve made
loans to small businesses to meet a variety of needs,” said Anthony Lewis,
President of AT&T Capital Services, "ranging from smartphones and other mobile devices equipped
with fleet management or GPS tracking applications to the rollout of netbooks
and laptops embedded with mobile broadband and Wi-Fi capabilities. Bottom line,
AT&T is in a position to meet the communications needs of small businesses
that are challenged by tight budgets.”
Small businesses interested in
finding out more about opportunities afforded by AT&T Capital Services,
should contact their authorized AT&T Sales representative. If they don’t have
an authorized AT&T representative, they can call 866-323-6955.
looking to find information about other AT&T products and services can
visit the AT&T Small Business page. For free business resources such as
webinars, white papers, training, case studies and best practices, they can
real-time information can be found on the AT&T Small
Business Facebook page and AT&T Small
Business Twitter channel.
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