Lease Financing for office furniture and services
Request a quoteOur office furniture solutions are for any budget or timeline. We offer individualized lease financing options, and our team will find the best option for your current and future needs.
What is lease financing?
Lease financing is a very common financing solution for businesses that need to acquire equipment. Repayments are spread over several months and are tax deductible. The purchaser chooses the equipment and fills out a one page credit application form. A follow-up is conducted within 24 hours and a final decision is issued shortly thereafter.
To request this application, please use our contact form or contact us directly.
Request a lease finance quoteTo request this application, please use our contact form or contact us directly.
There are a number of reasons why businesses have embraced leasing to finance their office furniture!
Conserves Capital
Free up working capital for more productive operational uses and business opportunities. It also allows you to overcome capital budget constraints.
Preserves Credit Lines
Keeps bank lines of credit open for emergencies and diversifies your credit.
100% Financing
No down payments are required and soft costs such as freight, installation and tax are covered for both new and used office furniture.
Fixed Interest Rates
Interest rates and payments are fixed to protect you against inflation or stock market volatility.
Off Balance Sheet Financing
Certain qualifying leases may provide for off balance sheet accounting treatment, thereby preserving your debt ratios.
Tax Advantages
Sales tax can be deferred over the lease term and qualifying payments reduce tax liabilities. You should discuss these advantages with you accountant or tax advisor.
Fast Approvals
Quick credit approvals ensure that you get your office furniture as fast as possible.
Leases and Loans - What's the difference?
Lease
Loan
Ownership
The lessor owns the equipment. There are a number of different end of term ownership options to suit your budget, usually $10 or 10%.
You own the equipment and take all ownership responsibilities.
Down Payment
Typically you don't need a down payment and leasing is 100% financing including soft costs like shipping or software/services.
Likely, you will need a down payment of 5-20%, and often the taxes and soft costs are not included in the loan. It varies according to institution.
Payment Flexibility
Payment schedules are flexible. You can usually arrange to skip payments as well. This helps you match payments to your cash-flow.
Standardized. Monthly payments are the most common form of loan repayment.
Line of Credit
Leasing preserves your Line of Credit for other opportunities.
Loans increase your credit exposure and, often, if you you secure your loan at the same institution where you hold your Line of Credit, it will affect your credit limits.
Tax Implications
With a capital lease, you'll assume liabilities of ownership for accounting purposes; however, you can likely deduct the full amount of your lease payments.
You will claim tax deductions for the interest paid on your loan, and since you own the equipment, you will amortize the equipment over its useful life.
Speed
Leasing approvals are fast and easy, usually same day, securing the equipment you need to make your business grow.
Bank loans typically require a multi-level process to review your entire credit exposure. This can often take weeks.