Steelcase Financial Services Inc.
Your business is a complex system. Your workplace is the forum for its success. Your financial strategy is the key to its survival.
Like many businesses, buying office furniture through traditional methods utilizing working capital or borrowing money was 'always' the way it was done. Times have changed. Today, it may not be your best financial option. Perhaps you need to preserve your cash flow for other investments. You may want to protect your existing line of credit conserving your borrowing power. Or, you may be seeking the tax advantages you can enjoy through leasing. Whatever your reason, Steelcase Financial Services Inc. (SFSI) offers a broad range of financing alternatives that can help you achieve your business goals.
Many customers use our services as an important part of broader financial management goals. Below are some of the leasing strategies that our customers have employed to help them succeed in accomplishing these goals. These advantages also may provide a basis for including leasing with Steelcase Financial Services as part of your office environment acquisition strategy. Leasing offers your business solid options for:
Conserving capital
Instead of tying up your money in a capital equipment purchase, or utilizing bank loans which usually require compensating balances and/or loan covenants, a lease allows you to pay for your purchase in low monthly lease payments. You retain your cash for investing in higher return opportunities. Leasing also circumvents capital budget restraints.
Protecting credit lines
Leasing allows you to keep your credit lines open and preserve your borrowing power for other profit-generating opportunities.
Employing off-balance sheet financing
Certain types of leases may help you to better manage your balance sheet and improve your overall financial picture including return on equity and return on assets.
Gaining tax benefits
Certain lease structures allow monthly payments to be treated as operating expenses and are usually fully tax deductible.
Increasing purchasing power
Lease financing provides you with more purchasing power to get what you need, when you need it.
Increasing flexibility
Leasing gives you flexible payment and end of term options.
You can rely on Steelcase Financial Services for creative, flexible, and convenient options to help you succeed with your business and financial goals.
Steelcase Financial Services is the office furniture industry's only captive finance company. It is wholly owned by Steelcase Inc. The 'captive advantage' is our commitment to add value to your office environment acquisition through your dealer. We focus on building and preserving long-term relationships with our customers.
Whether you are a small business, middle-market company or a large multinational corporation, Steelcase Financial Services offers a wide range of financing alternatives to meet your business goals. The entire staff is dedicated to providing service excellence to make your financing experience easy and efficient. We can help you create financing plans with flexible options that meet your specific needs.
 Creative, flexible options
Custom tailored leases that address your needs and requirements cash flow, budget, cyclical fluctuations, balance sheet management, etc.
Rapid approvals
Minimal paperwork, quick response
100% financing
Products, services, and accessories
Highly competitive rates
Easy add-ons
As your needs change, you can easily add the products you need to your Steelcase Financial Services Master Lease
Experienced consultants
Our expert financial consultants, the Area Finance Sales Managers, can help your financial managers explore which lease structure and terms work best for your balance sheet, cash flow, and tax situation. They are readily available to provide leasing information, strategic recommendations and lease proposals.
Single-source acquisition
The best workplace solutions, along with the best financing solutions, all from one source
Online Credit Application
Go to www.steelcase.com , click on Services, then click on Credit Application under Help Me Finance It
Customer Advantage web site
Easy and convenient access to your lease account information on-line, 24 hours a day, 7 days a week
Financing Solutions
Steelcase Financial Services leases are available for contracts as low as $5,000 with terms ranging from 24 to 60 months depending on the project, and 84 months for investment grade or equivalent credit. All lease applications are subject to our standard credit underwriting criteria. Flexible lease products give you many options
1. Fair Market Value Lease
Benefits:
Provides lowest monthly payments
Lease payment may be able to be deducted by lessee
May qualify for off-balance sheet, operating lease treatment for reporting purposes
Lessee has greater flexibility at the end of the lease
End of term options:
Purchase furniture for fair market value
Return furniture to Steelcase Financial Services
Renew the lease
Why would you choose this type of lease?
Greater flexibility at the end of the lease
Desire lowest possible payment
Want expense treatment (off-balance sheet financing)
Would like to return furniture at the end of the lease
2. $1.00 Buy-Out Lease
Benefits:
Depreciation expense may be able to be claimed by lessee
Interest portion of lease payment may be able to be deducted as an expense by lessee
End of term options:
Purchase furniture for $1.00
Why would you choose this type of lease?
Want to own equipment at the end of the lease
3. 10% Purchase Option Lease
Benefits:
Provides lower payments than $1.00 Buy-Out Lease
Depreciation expense may be able to be claimed by lessee
Interest portion of lease payment may be able to be deducted as an expense by lessee
End of term options:
Purchase furniture for 10% of original furniture cost
Return furniture to Steelcase Financial Services
Renew the lease
Why would you choose this type of lease?
Desire lower payment, but need guaranteed buy-out at the end of the lease term
Want to own equipment at end of lease with fixed purchase option  |
