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Learn more about Advance Acceptance and the equipment finance industry by checking out our resources page. Our mission is to educate the business community and align with our partners for continued successes.
As 2019 comes to a close, this is a great time to take one last look at your upcoming equipment needs and decide if now is the time for an upgrade or expansion. That’s because the enhancements to the existing Section 179 deduction, passed under the Tax Cuts and Jobs Act of 2017, provide more […]
There’s a lot to love about being in the equipment rental business. But setting up a new equipment finance agreement to update your inventory is not one of those things. In fact, the thought of that next contract may give you a queasy feeling. Maybe it’s because when you approach the typical lender for financing […]
Snow removal services can help landscaping companies and other warm-weather businesses maintain cash flow during the non-growing season. In this blog, we’ll talk about some of the financial considerations of adding or expanding a snow-removal component to your business. In the next section, we’ll discuss the pros and cons of financing or leasing snow removal […]
When does the insurance certificate need to be in to Advance Acceptance?
We prefer that the certificate be sent in with all other documents sent to the account manager. If that isn’t possible, as soon as possible thereafter, to make sure that customers are protected from loss or damage.
Will Advance Acceptance contact the agent?
We will follow-up with the agent to obtain the correct documents, but the customer must make an initial contact with their agent to add the equipment to their policy.
Additional information can be found here.
Advance Acceptance offers a large variety of financing options. We offer EFAs (equipment finance agreements), purchase-option leases, and municipal leases. We also offer flexible terms, such as seasonal and deferred payment options.
EFA stands for equipment finance agreement. Unlike a lease agreement where the lessor retains ownership of the equipment and the lessee may have the option to purchase at the end of the term, under an EFA the borrower retains ownership of the equipment financed throughout the term of the agreement.
An EFA may be the perfect solution for those who have experienced a difficulty regarding the end of term payment price, at the end of a lease agreement in the past. With an EFA, since there is no purchase option, there is no difficulty — you already own the equipment.