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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.
Enjoy lower monthly payments with our new 9-year financing program
Program Details:
- 6 months interest only followed by 8.5 yrs P & I
- 8.5% fixed for 5 years *
- Prime floor - 6.5% (12% max interest rate)
- Minimum $350,000 finance amount
- One payment cash collateral
- $495 application fee
- No prepayment allowed 1st year **
- Subject to normal underwriting critria
- Program dates - November 1, 2009 to January 31, 2010
- Equipment must ship by April 30, 2010
* Rate will adjust at the end of 5 years to Prime plus 2.5%
** Prepayment fee equal to 3% if loan is paid off in the 2nd year, 2% fee in the 3rd year and 1% fee in years 4-9.
*** Subject to approval, above terms are for qualified applicants. Finance special may be cancelled at any time.
Hurry! This special financing offer expires on Jan. 31, 2010
Contact John Olsen 508.678.9000 or jolsen@amdry.com for more information.
Download 9-Year Financing Program Flyer (pdf)
Fall Financing Special: 8.49% Fixed Rate
For a limited time* get 8.49% fixed rate financing on replacement equipment.** Download the flyer below for more details or contact John Olsen 508.678.9000 or jolsen@amdry.com.
* Special offer expires on December 31, 2009
** Special rates are for qualified buyers only.
Download Fall Financing Special Flyer (pdf)
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.
Download an Application
Fall Financing Special: Prime Plus 4% Variable Rate
For a limited time* get Prime Plus 4% variable rate financing on replacement equipment.** Download the flyer below for more details or contact John Olsen 508.678.9000 or jolsen@amdry.com.
* Special offer expires on December 31, 2009
** Special rates are for qualified buyers only.
Download Fall Financing Special Flyer (pdf)
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.
Download an Application |
