Small and midsized businesses in need of fresh capital to expand their wireless operations may have found a suitable option this week when AT&T Capital Services announced a new loan program for up-and-coming SMBs.
As Small Business Computing reports, the new package offers loans for as little as $1,000, a nod to the tight budgets and even tighter credit market keeping many smaller firms from expanding.
Smartphone vendors, wireless service providers and mobile application stores and developers have been aggressively targeting small and midsized businesses in recent months to increase sales and generate buzz for their new products and services.
In February, Research In Motion (NASDAQ: RIM) began offering free server software aimed at smaller businesses that want smartphone security without paying enterprise-level costs associated with mobile management software.
Small businesses short on cash but long on wireless aspirations may have caught a break this week when AT&T Capital Services, the financing arm of the telco giant, announced a new loan package catering to SMBs looking to join the mobile fray.
The financing unit will offer loans for as little as $1,000 to SMBs interested in investing in new AT&T Wireless systems or to upgrade to new services and products including its array of smartphone offerings.