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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.
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 […]
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, […]
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 […]
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.