In answering the question “is lending more restrictive in 2024?”, the answer is twofold. Yes, many lenders – especially banks – have tightened credit requirements overall. But what I’d like to talk about more are the restrictions that almost all banks use for business lending. I haven’t talked about these in a few years here, so 2024 seems… Read More »
One of the reasons my last post was about partial business-use vehicles is we (as in Crest Capital) have dipped our toes into this area. In late 2023, we quietly launched a new program to finance business-use vehicles and SUV’s in the company name. This may not seem like a big deal on paper, but in the real… Read More »
Let’s talk about partial business-use vehicles for a moment or three. Because we get asked about this a lot. Most of the questions are tax-related, and we can’t give official tax advice. But there are tax deductions for partial business-use vehicles, and most of them follow the same rules, which I’ll outline here. The big rule is how… Read More »
Sometimes I look at old blogs to see topics I haven’t discussed in a while. And one topic I like revisiting every few months is your company offering financing. If you read this blog, you’ll see I hit this topic a few times because I feel it’s an essential part of any business. But what spurred me to… Read More »
It’s been a while since I talked about rates, so now is as good a time as any. First, not to pat myself on the back regarding my prediction skills, but I did say back in Feb 2023 that rates would continue to rise for a bit (they did) and then hold fast for a long time (they… Read More »