Ingram: "No defaults on SMB loans?yet" - PC Retail

Ingram: "No defaults on SMB loans?yet"

Distributor says it has seen no delays in repayments but admits it is keeping an eye on the situation
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Ingram Micro has dismissed suggestions that it is seeing a rise in defaults on SMB loan repayments, saying that it has seen no delays on repayments.

The suggestions arose after a Wall Street Journal article said that it had evidence loan defaults for technology were on the rise, but Ingram's chief executive Greg Spierkel said that the firm, which supplies credit for such deals, was yet to see any defaults, but admitted it was keeping a close eye on the situation.

Speaking to Channel Insider, Spierkel said while the firm was lending more than it had done in the past, it was less likely to lend "where the opportunities to make a return don't look so good."

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