Equipment Finance Insights

Take a moment to learn more about Advance Acceptance and our place in the equipment finance world.

What does the interest rate increase mean for businesses financing?

What does the interest rate increase mean for businesses financing? It’s a good time to be in business. The economy is heating up, and with the corporate tax rate having been slashed from 35 percent to 21 percent, businesses of all sizes are set to enjoy some of the best economic conditions in decades. However, […]

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February 19, 2018 calendar

Advance Acceptance Donates to Pillsbury United Communities

Advance Acceptance donates $430 and dozens of personal care items to Pillsbury United Communities.   EDEN PRAIRIE, Minn.  – Advance Acceptance, a division of First Western Bank & Trust, recently partnered with Pillsbury United Communities to execute a corporate giving project during January, 2018. “Pillsbury United Communities is grateful for the support of organizations like […]

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February 2, 2018 calendar

Section 179 Depreciation Updates for 2018

Section 179 Depreciation Update due to New H.R.1 Law or The Tax Cuts and Jobs Act: On January 2, 2018, H.R.1 was signed into law and has revised several previous tax laws going forward. Section 179 depreciation is now $1,000,000 and the bonus depreciation is now 100 percent. Equipment purchase limits have been increased to […]

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January 10, 2018 calendar

Equipment Finance 101: Types of Finance Agreements

There are many different types of equipment finance agreements available to the modern finance manager, executive or business owner. Learn the differences between them with our simple guide, below: EFA: An EFA, or equipment finance agreement, is a type of business loan where the customer takes ownership of the equipment upfront, and then pays the […]

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November 27, 2017 calendar

Understanding Business Credit Processes: Terms & Credit Lingo

Understanding Business Credit Processes: Terms & Credit Lingo Many have asked for a brief rundown of the terminology and “lingo” used during the business credit process. This informative piece is to help bolster your credit knowledge, so that you can discuss the finance process confidently. TIB – Time in Business Not surprisingly, this is one […]

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November 24, 2017 calendar

Businesses Can Benefit from New Equipment

Outdated Equipment Can Affect the Bottom-Line: A pitfall many operations managers run into is keeping old and outdated equipment in service past its recommended service life. Continuing to pay to update and repair outdated equipment is costly. Old equipment can be similar to driving a car that needs more repairs than it’s worth. We’ve all […]

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October 20, 2017 calendar

Finance 101: ID and Data Security

Finance 101: ID and Data Security Data security is becoming more critical during the digital age. With the easy access to data and records, it’s important to be aware of common data security topics, such as phishing, predatory lenders and creating strong passwords. Phishing Scams Phishing scams are another threat to those using email for […]

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September 22, 2017 calendar

Intelligent Ag Equipment Finance Partnership

Intelligent Ag Solutions Partnering with Advance Acceptance to Offer National Finance Programs EDEN PRAIRIE, Minn. – Advance Acceptance, a division of First Western Bank & Trust, announced today a partnership with Intelligent Ag Solutions (Intelligent Ag) to offer equipment finance programs for agricultural customers. “We’re excited to offer flexible financing and payment options to help […]

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September 15, 2017 calendar

FAQs about Equipment Finance & Insurance

With the help of our Insurance Manager, Marilyn Hankerson, we’ve put together a basic insurance overview of what your customers can expect after purchasing equipment with financing. Just like an auto loan or lease, equipment being financed through a lender (Advance Acceptance) must carry insurance. Oftentimes, businesses and other organizations have policies that cover the […]

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September 7, 2017 calendar

Equipment Finance for Medical Manufacturers

EDEN PRAIRIE, Minn. – Advance Acceptance, a division of First Western Bank & Trust, announced today its entrance into the medical equipment segment, guided by industry veteran Duncan Leighton. “We’re pleased to have recently provided financing for a number of leading care centers and public hospitals across the country. Our success has come from crafting […]

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August 7, 2017 calendar