For many, the first thought that comes to mind when they hear the word “broker” is “middle man,” and extrapolating that into thinking that by using a middle man, the funding costs will be more expensive. It’s a false assumption.
And it goes deeper than that. Some equipment, by its very nature, does not fit into the cookie-cutter mold that a lot of banks are used to dealing with. The bank may end up requiring additional collateral, or assign it as a higher risk, adding additional expense to your financing. In fact, some banks refer some customers to us when they cannot help them.
The fact is that the broker looks at a number of funding sources that “fit” the deal, and finds the lowest rate in the marketplace. The broker earns nothing unless a deal funds, and he/she knows that the deal will never be funded unless he/she can get the lowest rate possible.
On the topic of banks, they are required by U.S. Code to maintain a legal lending limit with each borrower. You should leave your loans and credit lines open for emergencies, and finance equipment through a broker, so you don’t reach a limit with your bank. With Acceptance Leasing and Financing Service, the only collateral is the equipment you’re financing. There are no defined limits.
It’s important that the broker know the industry, the equipment, the vendors. Funders are aware that we are experienced and that our connections to the vendors go back years, sometimes decades. It provides a comfort level that can’t be ignored.
We’re also flexible. We finance new equipment, old equipment. Under certain conditions, we can finance purchases from independent third parties.
Let’s not forget the ease and personal attention you receive with working with us. Our application is one page, and can be obtained online. We guide you each step of the way. Once an application is in good order, we can obtain an approval within a day.
Lastly, you’ll want to work with a company where honesty and integrity play a key role. That’s us. We’ve been around for over 30 years. It’s because of the way we deal with people.
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.