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Master agency Intelisys announced Wednesday at its Channel Connect 2012 partner meeting in San Francisco this week that it has lent more than $1 million to its telecom agents through the Intelisys Partner Investment Program.
Launched in fall 2010, the Partner Investment Program offers favorable terms for working capital to qualified Intelisys Sales Partners, allowing them to invest their businesses without the need for a bank. Financing is secured by existing or future commissions and loan repayment is triggered by flexible growth milestones. Exclusivity to Intelisys is not required to take advantage of the program.
“When we first started offering business loans back in the fall of 2010, we really did not know how much demand there would be or how our partners might use the funds in order to grow their businesses," said Mike Ketchum, vice president of Intelisys Finance. "What we have discovered is that partners of all shapes and sizes have used this program for everything from hiring new employees to buying their office buildings."
Intelisys President Jay Bradley says the million-dollar milestone reflects the master agency's commitment to help partners build best-in-class agencies.
"At Intelisys, we continue to believe that the entire channel community has only scratched the surface of the opportunity to build thriving businesses, and this is just one more way we are literally investing in our partners’ success," Bradley said.