WIPP Corporate Partner AT&T Makes Exciting Announcement During WIPP Annual Leadership Conference!
Monday, October 04, 2010
Small businesses are the engines of the economy, but they need a little revving up in today's chilly climate. They can benefit greatly, for example, from deploying leading-edge wireless solutions as these enables them to work on the go: which these outfits are predisposed to do so to meet customers' needs by doing whatever it takes anytime/anywhere to achieve success.
AT&T(News - Alert) is making that happen by now providing loans to small businesses looking to deploy new wireless solutions or upgrade existing ones through its financing subsidiary, AT&T Capital Services. Cathy Martine, AT&T executive vice president of Small Business Solutions, made the announcement during her keynote speech at the annual Women Impacting Public Policy Conference in Washington D.C.
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 software.
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.
"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,” said Martine. She continued, "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.”
Benefits of AT&T financing include:
- Minimal capital outlay that allows customers to avoid down payments and make easy monthly payments that fit their budgets
- Lifecycle management, which minimizes risk of technological obsolescence
- A packaged solution that 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 credit line
- Competitive rates
"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. "These 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 WiFi(News - Alert) capabilities. Bottom line, AT&T is in a position to meet the communications needs of small businesses that are challenged by tight budgets,” added Lewis.