Dell is committing $100million to entrepreneurs and startups. “Dell’s new Credit Fund provides credit and access to technology to help fuel global growth and innovation while helping startups preserve precious equity capital for other business needs,” said Steve Felice, Dell president and chief commercial officer. “In talking with business owners and listening to their needs, they tell us what they need most is access to capital and technology that enables them to grow.”
The Dell Innovators Credit Fund aims to get end-to-end, scalable technology solutions in the hands of growing businesses during that crucial early time in market. Through Dell Financial Services, qualified angel and venture-backed companies can access up to 10 percent of their funded amount, or up to $150,000, with accelerated, limited credit terms. For those in needs of higher credit, additional financing is available on a fast track basis with a few extra steps.