Cisco announces financing program for customers impacted by COVID-19

▤ Summary

Cisco has announced a number of initiatives to provide financing for customers in a move to try to mitigate the financial challenges resulting from the COVID-19 pandemic. “Cisco’s customers and partners are under enormous pressure to keep their businesses connected while remaining productive and secure,” said Chuck Robbins, chairman and CEO of Cisco. “Whether it’s technology, financing or helping those most in need, Cisco is committed to working together to fight this pandemic on every front.” The new Business Resiliency Program offered by Cisco Capital includes an up-front 90-day payment holiday and allows a customer to defer 95% of the cost of a new product or solution until 2021, which in turn protects their business and increases their existing cash flow. The initiative will also allow partners to offer their customers payment solutions to better manage their cash flow, Cisco said. “Cisco Capital’s goal is to make it easier for customers and partners to acquire the technology they need to keep their businesses running and productive.

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