Steelcase Financial Services
Below Market Financing Available Now
Retain your cash
Expense you FFE purchase
1.9% Financing – 2 years
Must be dated no later than 12/21/24
100% Steelcase Products
5.5% 3 – 5 years
Min $5,000
Products + Services Products
100% of the products must be new products from Steelcase Inc. brands and partners. Services – Up to 20% of the total product sell price can be added to the transaction as soft costs such as labor, design services, etc.
Advantages of Equipment Financing
- Lower Upfront Costs: Financing allows businesses to acquire equipment without significant initial investment, preserving capital for other operational needs.
- Access to Better Equipment: Businesses can obtain higher-quality or more advanced equipment that they might not afford to purchase outright.
- Flexible Repayment Terms: Financing options often come with flexible repayment schedules, making it easier to manage cash flow.
- Tax Deductibility: Lease payments and interest on financed equipment can often be deducted as business expenses, potentially reducing tax liability.
- Business Credit Establishment: Regular, on-time payments can help build and improve a business’s credit profile, facilitating easier access to future financing.
Disadvantages of Equipment Financing
- Higher Overall Costs: Over the term of the financing, businesses may pay more than the equipment’s original price due to interest and fees.
- Limited Ownership Rights During Lease Term: In the case of leases, the business may not own the equipment until the end of the lease term, which can restrict certain uses or modifications.
- Potential Lease Restrictions: Leases may come with conditions or limitations on how the equipment can be used or require specific maintenance practices.
- Exceeding Equipment’s Useful Life with Lease Payments: There’s a risk that lease payments continue even after the equipment has become outdated or less useful, leading to inefficient expenditures.
- Default Risk: Missing payments can lead to penalties, increased interest rates, or repossession of the equipment, which can disrupt business operations.