Microsoft increases small business financing
WinInfo | at | by Mike
According to a story in "The Wall Street Journal," Microsoft will increase the amount of money it lends to small businesses seeking to license its software in a bid to jumpstart sales during the current economic slowdown. The software giant will increase its small business loans by 60 percent this year, to $1.25 billion. Last year, Microsoft provided $780 million in financing to small businesses.
Microsoft's small business financing program is one of the under-appreciated aspects of the software giant's business, and the company says that propping up sales now is important since small businesses are having trouble getting credit elsewhere.