Microsoft to provide customer loans

Microsoft is lending cash to help small companies buy its software, but only in the US. Microsoft New Zealand won't have access to a small newly established unit called Microsoft Capital.

Microsoft is lending cash to help small companies buy its software, but only in the US.

Microsoft New Zealand won’t have access to a small newly established unit called Microsoft Capital, whose mission is to drum up new business with low-interest loans and leases.

The company has set up three financing programmes, including two for small businesses. Last week it began offering as much as $US150,000 interest-free for 24 months on certain purchases. Another programme, originally a $US25,000 credit line for computer builders, has been expanded to $US150,000.

Microsoft’s financing programme programme now lets small businesses borrow moeny interest-free for 90 days to buy Microsoft software, as well as related computer hardware, technical services and non-Microsoft software.

One New Zealand company says such a deal wouldn’t appeal even if it was offered here. Bendon IT manager Peter Welsh says he wouldn’t be interested in borrowing money off Microsoft to buy its software.

Microsoft has nearly $US39 billion in cash.

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