Have You Been Turned Down For Business Credit? Remember – It’s Not Personal.

In an earlier post, I went over Crest Capital’s basic credit requirements. Two years in business, sufficient revenues, no bankruptcies, etc.  Like any lender, our credit requirements will leave out many businesses. And over the years, I’ve received more than one angry email from someone turned down, trying to explain why they had to declare bankruptcy three years… Read More »

theLeaseGuy

Tell Your Customers About Section 179

If you read here at all, you know I’m big on Section 179. It’s only the best tax deduction available to small and mid-sized businesses, and can make a huge difference in your bottom line. *For those who don’t know, Section 179 allows businesses to write off the full price of qualifying equipment (which is almost anything a… Read More »

theLeaseGuy

Section 179 is for ALL Businesses

I’m on a bit of a Section 179 kick as of late, and wanted to mention something I’m sure I’ve talked about before, but it bears repeating: Section 179 can be used by any type or size business.  Section 179 doesn’t care if you’re a sole proprietor, a partnership, or a corporation. It doesn’t care if you’re on… Read More »

theLeaseGuy

Business Credit Requirements – Have Things Changed During Covid?

I’ve been asked more than once if Covid has affected the credit requirements for businesses looking to finance equipment. The short answer is “no, not for us”. There are lenders that have changed their requirements (specifically lenders that already took on high-risk loans), but Crest Capital’s requirements are exactly the same as they were pre-Covid. And with that… Read More »

theLeaseGuy