Economic activity, as we see it here at Acceptance Leasing and Financing Service, is robust. If the current pace of funded deals continues as it has for the first six months of 2023, we will have a banner year, surpassing any year in our 30-year history.
We are funding transactions from a wide variety of areas of the economy: from small transactions for updated green lighting to six-figure deals for sophisticated equipment in the manufacturing sector.
In a rising interest-rate environment, it makes sense that companies, both large and small, are locking in a fixed interest rate.
In addition, there are a few more reasons for the uptick in business.
Our clients are looking to limit their outlay of cash. Presently, businesses are seeing long delivery times for equipment, which in some cases is up to a year or longer. If a vendor requires a down payment of up to 50% and equipment it is not delivered for 62 weeks, a significant amount of capital is being expended before the asset can generate any return.
By financing with Acceptance Leasing and Financing, you’ll make smaller monthly payments as opposed to a large down payment, and preserve your company’s cash for other expenditures.
Another reason for working with us is the fact that local banks are becoming more restrictive following the recent failures of Silicon Valley Bank, Signature Bank, and First Republic Bank. Companies are looking for alternative sources of funding. Besides a variety of programs available, we do not require annual financial statements. And yet our rates and payments are competitive, especially with Prime Rate at 8.25% currently. Our only collateral is the equipment you’re financing – no blanket liens.
We invite you to contact us at 412 262-3225 to learn more about financing any new or used equipment you are considering for your business.
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.