On September 18th, the Federal Reserve cut its benchmark interest rate by half a percent, the first cut in four years.
It was a welcome development, and one that should have a positive outcome for the economy. Lower interest rates stimulate economic growth, and make lending of all types less expensive.
Even more encouraging from the news conference of Fed Chairman Jerome Powell is that he sees no red flags for an economic downturn: Growth is at a solid rate, inflation is coming down (nearing the 2% target rate), and the labor market is at very solid levels.
Here’s how you can capitalize on this good economic news: Financing a piece of equipment for $350,001+ for a 72-month term carries a rate that is now below prime, at 7.99%. This rate is for the most qualified credit. And remember, there is no additional collateral.
If you are considering financing new or used equipment, this is a great time to do it. We have several programs available for every type of borrower.
Our one-page application makes the lending process simple, and our personalized approach ensures that you’ll receive the best rate and terms available.
We invite you to contact us at 412 262-3225 to discuss your particular situation.
We are Acceptance Leasing and Financing Service, Inc. We were established in 1992, which puts us in our 32nd year of business. We pride ourselves on our Certified Leasing and Financing Professional designation. We are a member of SBCA and a frequent attendee of the BCMC tradeshows. We can provide financing for any new and, regardless of age, used equipment.