Jukebox Quilts has partnered with two finance companies Red Thread Financial Group and Acorn Finance. Select the links below to find out which company is best for your financing needs.
We are one of the corporate finance partners for Innova long arm quilting machines. Our program is aimed more for the people who are purchasing quilting machines to do work for others (more of a business or commercial finance program). Please visit our website at www.redthreadfinancial.com to view our online application and quote system and learn more about our quilting machine financing options. We can work with many types of customers from long-existing strong credit customers to start-ups and people with some past credit challenges. Our rates start in the single digits and go up from there based on credit quality. We offer both financing and leasing options for Innova longarm quilting machines. We have many flexible programs available including no payments upfront, no payments for 90 days, principal balance early buyouts (no penalties), step up payments, and many others to help you close your customers. You will get personal service from everyone on our team.
The benefits of partnering with Red Thread:
- Red Thread is an experienced lender in the quilting machine and creative services industries
- The quilting machine is the only collateral used; a bank may ask for your customer’s house or another asset as additional collateral
- Fast, easy, and hassle-free!
- Minimal upfront costs; only two advance payments required (based on credit approval)
- The documentation process is streamlined and easy
- Fast response time
- Excellent service; you always talk to a real person
- 100% financing available
- We can finance used quilting machines and equipment
- Online quote and application system — see how this works by visiting our website at www.redthreadfinancial.com
- The Quilting Industry
- The Benefits of Financing
- Program Guide
- RTF Lease Quoter
- RTF Finance Quote
- 90 Day Deferred Flyer
- Finance Programs - Innova
- Section 179 - Red Thread
FREQUENTLY ASKED QUESTIONS
Who is Acorn Finance
Acorn Finance is a lending marketplace where the nation’s premier online consumer lenders pre-qualify customers for personalized loan options in 60 seconds, with no impact to the homeowner’s credit score. Acorn Finance uses an initial soft credit inquiry to provide access to competitive, fixed-rate loans through a fast and easy online process.
What types of lending options are available?
Depending on the lender that fits you best, you may be offered a personal loan or personal line of credit.
A personal loan lets you borrow money now and pay it back over time with fixed monthly payments. Personal loans have fixed rates of interest and typically have terms ranging from 2 to 12 years. They may be unsecured (no collateral) or secured (collateral required).
A personal line of credit allows you to borrow at any time based on a preset limit. As long as your account is open and your credit remains in good standing, you can borrow up to the maximum amount and pay interest only on the amount you actually borrow.
How much can be borrowed?
Acorn Finance's network of lenders offers loans from $2,000 to $100,000 for qualified borrowers.
What can the funds be used for?
Anything. For instance, your purchase with us.
How long does it take to get approved?
Qualified applicants can be approved quickly during business hours and may receive their funds as soon as within 1 business day.
Are there any fees?
Acorn Finance's lenders charge no penalties for early repayment, and no processing fees on loans of more than $40,000. If you borrow less than $40,000, some lenders may charge an origination fee between 1-6%. You’ll see no-fee options clearly highlighted on your offers pages, so you can make a fully informed choice.
Can a co-borrower be included?
Yes. Co-borrowers are encouraged to apply, and can be added immediately after the initial applicant submits their information.
Does Acorn Finance cover all 50 states?
Acorn Finance is available online throughout the United States, except in MD, NJ, NV, WV, VT, and RI – so far! You can check the current coverage area at https://www.acornfinance.com/acorn-finance-coverage/ to make sure your state is included.