Scottsdale, AZ –-(Ammoland.com)- My name is Joe Sirochman owner of American Spirit Arms and I wanted to share my recent experience with Bank of America (which we have been doing business with for over 10 years).
Everyone is familiar with the latest increase in guns sales , dealers selling out of inventory, manufacturers back logged for months, large amounts revenue all generated in the last weeks.
American Spirit Arms is no exception to the overwhelming demand. What we have experienced is that our web site orders have jumped 500% causing our web site E commerce to be sending much larger deposits to BANK OF AMERICA.
Well, this threw up a huge RED Flag with Bank of America. So they decided to hold the deposits for further review, meaning that the orders/payments that were coming in through the web, being paid by honest customers, for goods that were shipped out by American Spirit Arms, were all help by the bank “UNDER REVIEW”
As you could imagine this made me furious…After countless hours on the phone with BANK OF AMERICA I finally got a manager in the right department that told me the reason that the deposits were on hold for FURTHER REVIEW …HER EXACT WORDS WERE AS FOLLOWS…
“WE BELIEVE YOU SHOULD NOT BE SELLING GUNS and GUN PARTS ON THE INTERNET “
I flipped out and told them that they have no right to make up their own new rules and regs..that we are a firearms manufacturer with all the proper licensing FFL (Federal Firearm license ), SOT and that we follow all Federal and All States’ rules and regulations on shipping Firearms and parts ..and that we are also Audited by ATF and Homeland Security on a regular basis.
She said that she understands that but that the deposits will be released only after they have a chance to review and clear them …I told her that this was unacceptable and the those deposits (that were a week old by now ) needed to be released ASAP, that we are a small business and rely on the revenue to run and stay operational.
After that being said another Manager got involved and released one of the deposits “to help out”.
So far to date after two weeks of sales only 1/3 of collected internet sales have been released ..I am still pissed and looking for another Bank and options.
I just thought the public should know..
I will keep everyone posted on new developments on our FaceBook page: https://www.facebook.com/pages/American-Spirit-Arms/67153142789
SincerelyJoseph P Sirochman
American Spirit Arms
16001 N Greenway Hayden Loop Suite B
Scottsdale AZ 85260
About American Spirit Arms:
American Spirit Arms is a leading US manufacturer of precision firearms, offering the highest quality parts, accessories and complete rifles. Modeled after the AR15, M16 rifle and M4 carbine, American Spirit Arms builds only the finest components and rifles available today. We manufacture our products in-house at our facility in Scottsdale, Arizona, and this provides an incredibly high standard of quality and design. Our vast experience in machining, gives us the edge in order to build the best firearm components and offer the most reliable, accurate and overall superior rifles. Visit: www.americanspiritarms.com