It’s easy to consider the bank down the block for your financing needs. After all, it’s close and you know the bank manager; it seems like you’re at the branch a lot dealing with the in’s and out’s of everyday business. But, is that bank always your best option for financing? How does 7.5% sound? As of this writing in September 2023, we can secure this type of rate for well qualified customers. We do not need a previous relationship to do it either.
When it comes down to dollars and sense for your financing options, you may want consider a commercial equipment broker. Working with a broker rather than your bank may make sense for these simple reasons:
- Banks have stricter lending criteria. With a bank, you may need a good credit score, a long business track record, and significant collateral to qualify for a loan. In comparison, a commercial finance broker has a number of programs available for all types of borrowers, and the only collateral needed is the equipment you’re financing.
- Banks usually have a longer approval process. At Acceptance Leasing and Financing, we have a one-page application. Once we have the quote and a few months bank statements, we’re ready to approve your request!
- Overall costs for borrowing from a bank can be higher. At Acceptance Leasing and Financing, we work with several funders to secure the lowest rate available. This month we have a special promotion for deals of $350K and above for qualified U.S. customers…a fixed payment rate of 7.5%. No compensating balances or restrictive covenants!
- Banks often make lending decisions based on relationships. This can be a disadvantage for new businesses or businesses that don’t have a long-standing relationship with the bank. At Acceptance Leasing and Financing, we process every application equally, whether you have a history with us or not.
We hope you will consider Acceptance Leasing and Financing Service for your next commercial equipment financing. Call us at 412 262-3225 to see how we can secure the financing you need to help your business grow.
We are Acceptance Leasing and Financing Service. 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 trade shows. We can provide financing for any new and, regardless of age, used equipment (some limitations for used trucks and trailers apply).