A question everyone has been asking lately – how high will interest rates go this year – got a new possible answer in March. As usual, the predicable became unpredictable again.
This time, it is the collapse of Silicon Valley Bank (SVB), and the ensuing danger it posed for the entire banking sector, that has changed the way the Fed will be handling interest rates.
Just a few short weeks ago, the Fed was continuing its insistence on aggressively raising interest rates to combat inflation.
But with the fall of SVB, the first bank to fail due to the strain of higher interest rates, the Fed is tempering its approach to rate hikes. Timothy Ng, a fixed income portfolio manager with Capital Group, feels that interest rates will peak in the next few months, and puts a 50% probability that the Fed will cut rates in the second half of the year.
So, as you continue to navigate the unpredictability in the current economic climate, we’re pleased to reassure you that Acceptance Leasing and Financing Service will remain a predictable and reliable partner for your business. We hope that as you consider financing new or used equipment in the coming months, you’ll consider the advantages of working with us, where your rate will remain fixed for the full term of the contract. No surprises.
You won’t need to submit financial information once you’ve been approved, and the only collateral is the asset you’re financing. No blanket liens.
We offer a number of programs to fit all types of borrowers. We hope you’ll give us a call to see how we can help you finance the new or used equipment to help your business grow.
We are Acceptance Leasing and Financing Service, Inc. Established in 1992, we pride ourselves on our Certified Leasing and Financing Professional designation. We are a member of SBCA and a frequent attendee of the BCMC tradeshow. We can provide financing for any new and, regardless of age, used equipment. We look forward to working with you.