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American Credit Corporation: Your financial partner in your next Laundry! Ours is a simple goal: American Credit Corp. (ACC) looks to find a way to approve loans rather than a reason not to. ACC will work with you to find the right finance program that best fits your needs. We finance both start-up and existing coin laundries; providing up to 100% financing for laundry equipment purchases to qualified customers.
Variable Rate Financing has a rate that adjusts to whenever Prime rate changes. Payments are based on a fixed principal amount plus monthly interest. The payment structure pays down the balance of the loan faster during the initial term of the loan compared to Fixed Rate financing and Adjustable Rate financing, which results in the customer paying less interest over the life of the loan. Download an Application
Adjusted Rate Financing provides a mix between Fixed Rate financing and Variable Rate financing. The rate adjusts once every 12 months on the anniversary date of the loan according to Prime. Payments will consist of a fixed payment for twelve months at a time, adjusting as the rate adjusts.
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Fixed Rate Financing provides the comfort of knowing that the rate and the payment (principal and interest) will be fixed for the life of your loan, allowing budgeting to be made easy for the new or experienced store owner.
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