Steinway & Sons

Financing

Piano Credit Company

The Piano Credit Company was originally founded in Chagrin Falls, Ohio as National Piano Finance and Leasing (or "NPFL") in 1998.  An Ohio corporation, the company was formed by four shareholders of various backgrounds in the music industry including musical instrument manufacturing, piano industry consulting, and independent music retailers.

The music retail finance landscape at that time was controlled by manufacturers.  Therefore, dealerships carrying multiple product lines were forced to use multiple finance products.  MPFL was the first company to "welcome all brands" and "all dealers".  Products included term loans with "industry competitive" interest rates and "easy to use" documentation.

Founded by piano industry veterans, PCC employees are sensitive to the needs of today's keyboard dealers.  We continually seek creative alternatives for financing keyboard products, but we also strive to maintain a level of consistency that can be counted on.  This commitment to the industry allows Piano Credit Company to provide a service that you can't afford to be without.

Piano Credit Company offers two (2) venues for dealer service.  Their office currently staffs an underwiriting center for hours of operation that will accomodate all time zones in the U.S., seven days per week.  In addition, "PCC" is the first finance source in the inudstry to offer instant on-line credit decisions.

Piano Credit Company offers traditional finance programs for all makes, sizes, brands, and age of keyboard musical instruments.


Allegro Acceptance

Allegro Acceptance is a wholly-owned division of Sherman, Clay & Co., one of the oldest and most respected names in the retail music business in the United States. Allegro Acceptance has become the largest "In-Industry" provider of retail financing to America's keyboard dealers and their customers.  With service to over 1300 dealers, Allegro Acceptance prides itself on its fast and personal service.  Credit authorizations are routinely handled in ten minutes or less, seven days a week.  And, Allegro Acceptance dealers know their needs are being handled by experienced, keyboard industry professionals who know the business and are dedicated to help them make the sale.

 

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