If there is a lesson to be learned from the recent collapse of Silicon Valley Bank in March, and the ripple effect that caused a run on Signature Bank, along with the staggering declines in the share prices of First Republic Bank and PacWest Bancorp, it is this: it’s unwise to depend solely on your local bank for your lending needs.
At Acceptance Leasing and Financing Service, we work with several funders: banks of different asset sizes, located in different areas of the country, focusing on different sectors of the economy. Our pool of funders is wide and deep, and it means that even through the recent turbulence in the banking sector, our funding sources remained steady and secure.
Unlike a local bank, we navigate the complex world of commercial equipment financing. We understand the terms and conditions. We know the equipment, and in many cases we know the vendors firsthand.
Because we have done commercial financing for many years, we close deals faster. We gather the right documents the first time around, and can turn a deal around quicker than a traditional bank.
And because we have longstanding relationships with many funders, we can help get approvals for “less-than-perfect” creditors. We know how to work alongside our funders to give them the comfort they need to approve a deal.
We think the reasons why you should choose us as your financing partner are compelling. We invite you to take advantage of our experience and expertise and call us at 412 262-3225.
We are Acceptance Leasing and Financing Service, located near Pittsburgh, PA. We’re in our 31st year of business. Established in 1992, we pride ourselves on our Certified Leasing and Financing Professional designation. A member of SBCA and a frequent attendee of the BCMC tradeshow, Acceptance Leasing and Financing Service, Inc. knows the equipment of the component manufacturing industry and is ready to assist you with your financing needs.