Dell has announced that it is now able to provide direct financing for leases and loans, to support small and medium businesses looking to invest in IT solutions.
Dell Financial Services (DFS) will provide a real alternative to bank financing in Europe, providing the much needed capital to small and medium sized businesses so they can focus more on investing in their business rather than worrying about the infrastructure to run it.
Small businesses across the UK are still struggling to grow and the main obstacle for them is access to funding. The World Economic Forum Global Competitiveness report, shows that access to affordable financing isn’t just a problem in the UK its critical problem for businesses across Europe. Many banks across Europe are still reluctant to lend to small businesses meaning businesses, especially SMEs. These businesses are struggling to raise the finance they need to support their business and plan for future development. A recent survey by the European Central Bank found that SMEs reported an increasing need for bank loans but deterioration in availability.
With Dell’s Financial Services they are now able to provide direct financing programmes to customers in parts of Europe. From today SMEs and corporate customers in the U.K., will have direct access to the same financing opportunities as the U.S. and Canada.