In his March 22, 2021 piece in the Wall Street Journal, Jon Hilsenrath’s article title says it all: “Stimulus Checks Have Left U.S. Households Ready to Spend.”
Apparently, a lot of study has gone into how the population spends their cash windfalls, and the trend is remarkably stable: roughly 1/3 is spent soon after receiving it and the rest is saved or used to pay off debt.
Even with only 90 million Americans receiving their third stimulus check of $1,400 as of mid-March, combined with prior stimulus checks, the total Americans received in cash is roughly $800 billion!
Consider this: households finished 2020 with $14.1 trillion in checking and savings accounts. This compares to $11.4 trillion in 2019.
How is your business poised to take advantage of the upsurge in spending that will be occurring this year, and into the next?
We have noticed a remarkable uptick in financing requests for new and used equipment in the past few months. Are you being left behind?
We invite you to contact us to learn about the many financing programs available to all types of borrowers to help you meet the growing demand for your products.
The advantages of financing with Acceptance Leasing are many. Rates are still at historically low levels. The only collateral needed is the equipment you are financing. No cumbersome reporting. In fact, once you have been approved for financing, we will not contact you again for financial information.
Acceptance Leasing and Financing Service was established in 1992 by Carl Villella, who holds the Certified Leasing and Financing Professional designation. A frequent attendee of the BCMC trade exhibitions and a member of SBCA, Carl knows the equipment of the component manufacturing industry.
We look forward to helping you finance your next piece of new or used equipment. Call us today at 412/262-3225.