Finance Resources

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.

Recent Equipment Finance Insights

Longstanding Finance Leader Jill Copeland Joins the Advance Acceptance Team

EDEN PRAIRIE, Minn. – Advance Acceptance, a division of First Western Bank & Trust announced today that Jill Copeland will be joining the team as the new Accounting Systems & Support Specialist. “My goal, in working with Advance Acceptance, is to use my 20 plus years in the leasing industry, to offer both assistance and […]


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June 4, 2018 calendar

10 Tips on how to Use Finance to Close More Sales

Many sales are lost when the equipment sales rep does not offer financing and leaves it up to the customer to figure out a way to pay for the equipment. If their bank says no or they are not aware that you offer a solution that is not only competitive, but tailored to the equipment, […]


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May 18, 2018 calendar

Online Payments for Customers

Advance Acceptance to Offer Online Payments Solution for B2B Loan Customers EDEN PRAIRIE, Minn. – Advance Acceptance, a division of First Western Bank & Trust announced today the launch of a free online payments feature for its equipment finance customers. “Agile Payments consulted with Advance Acceptance project management to find a solution that would reduce […]


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April 16, 2018 calendar
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Media

Advance Acceptance Advantage

Advance Acceptance provides equipment finance solutions that create long-term relationships. Over 40 percent of our customers finance with us several times.

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Equipment Finance Overview

Learn more about the different markets Advance Acceptance provides equipment financing solutions for.

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Customer Commitment

We're committed to offering our customers quality services and a personal touch unique to the equipment finance industry.

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Frequently Asked Questions

Insurance

Insurance

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.

What types of financing does Advance Acceptance offer?

What types of financing does Advance Acceptance offer?

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.

What is an EFA?

What is an EFA?

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.

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