AT&T expands small business loans to mobile deployments

AT&T Inc. said it will begin offering loans to small businesses to help them deploy wireless solutions or upgrade existing deployments. The loans will be offered through its AT&T Capital Services financial subsidy that originally had focused on providing loans to companies looking to deploy wired communication services.
AT&T said that since the move to financing wireless solutions, the company has closed loans totaling “several hundred thousand dollars, with deals totaling several million dollars in the pipeline.” Financed deals begin as small as $1,000, and include mobile devices ranging from “smart phones and other mobile devices equipped with fleet management or GPS tracking applications to the rollout of netbooks and laptops embedded with mobile broadband and Wi-Fi capabilities.”
AT&T said its Capital Services operations has recorded more than $6 billion in contracts for more than 5,000 commercial and municipal customers since it was established in 1984.