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Leasing & Financing

Whether you are a business executive looking to invest in new equipment or a vendor seeking financing options for your clients, you can leverage flexible financing through First American.

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Case Studies

See firsthand how organizations have achieved their goals with customized financing from First American.

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Chemical Sciences | Laboratory & Production Technology

Tech Refresh Program Boosts Efficiency and Cost Savings for Chemical Company

Fast Facts

Industry

Chemical Sciences

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Organization

Chemical Company, Ann Arbor, MI

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Client Since

2007

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Equipment Financed

Laboratory and production technology

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Financing Structure

Fair Market Value (FMV) lease

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Industry

Chemical Sciences

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Organization

Chemical Company, Ann Arbor, MI

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Equipment Financed

Laboratory and production technology

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Global Chemical Pioneer Seeks New Process for Managing Tech Upgrades

A global chemical company based in Ann Arbor, MI relies heavily on their IT systems to conduct business. However, the company’s large-scale operations made acquiring and managing technology a challenge, and their existing process was outdated and inefficient—taking attention away from other strategic business initiatives. To gain efficiency and reduce the drain on time and resources, the company sought a better way to systematize technology deployment across the organization.

The company’s large-scale operations made acquiring and managing technology a challenge.

Not only did this strategy hedge against technology obsolescence, but it proved to be more cost efficient than outright purchasing.

Customized Refresh Program Transforms Company’s Tech Acquisitions

First American provided a long-term financing strategy to address the company’s need for the latest technology. Assets like laptops, desktops, printers, and video conference equipment were financed through Fair Market Value (FMV) leases, creating a structured refresh cycle based on the equipment’s useful life. Not only did this strategy hedge against technology obsolescence, but it proved to be more cost efficient than outright purchasing. Financing all purchases under a single, consolidated lease program also eliminated the need to secure multiple leases from multiple vendors.

 

The company’s large-scale and complex operations required specific leasing processes, which First American met by customizing all documentation and invoicing—including sending lease documents in a particular order for recipients to e-sign and including the company’s internal PO number on each invoice for easy tracking within their system.

Global Chemical Pioneer Seeks New Process for Managing Tech Upgrades

A global chemical company based in Ann Arbor, MI relies heavily on their IT systems to conduct business. However, the company’s large-scale operations made acquiring and managing technology a challenge, and their existing process was outdated and inefficient—taking attention away from other strategic business initiatives. To gain efficiency and reduce the drain on time and resources, the company sought a better way to systematize technology deployment across the organization.

Customized Refresh Program Transforms Company’s Tech Acquisitions

First American provided a long-term financing strategy to address the company’s need for the latest technology. Assets like laptops, desktops, printers, and video conference equipment were financed through Fair Market Value (FMV) leases, creating a structured refresh cycle based on the equipment’s useful life. Not only did this strategy hedge against technology obsolescence, but it proved to be more cost efficient than outright purchasing. Financing all purchases under a single, consolidated lease program also eliminated the need to secure multiple leases from multiple vendors.

The company’s large-scale and complex operations required specific leasing processes, which First American met by customizing all documentation and invoicing—including sending lease documents in a particular order for recipients to e-sign and including the company’s internal PO number on each invoice for easy tracking within their system.

The results

Streamlined Lease Strategy Pays Off for Chemical Industry Leader

The results

Streamlined Lease Strategy Pays Off for Chemical Industry Leader

$4,100,000

financed throughout the 10-year relationship

After 10+ years, leasing continues to be an extremely effective way for the chemical company to manage equipment lifecycles for their 5,000+ assets. Leveraging First American’s equipment return options and comprehensive lease management tools minimizes their administrative burden and having a dedicated Project Manager oversee all aspects of leasing simplifies the process even further. 

5,000+

assets financed

New equipment can be quickly added with flexible terms to match the growing demands of the business and highly competitive rates keep project costs at bay.

This customized, cost-saving lease strategy has allowed the company to reclaim their position as an industry leader—using the latest technology to deliver on its promise to drive innovation that improves quality of life for millions of people worldwide.

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