theLeaseGuy

Senior Account Executive @ Crest Capital - Equipment, Vehicle, Software Financing

Author Archives: theLeaseGuy

What Is PMSI, and Why Is It Important in Equipment Financing?

When lenders finance equipment for customers, there is a concept called PMSI. I want to spend this blog explaining what it is. To start, PMSI is an acronym for “Purchase Money Security Interest”, and is very important for lenders, especially those who finance equipment purchases. Essentially, what it means is the lender who pays for the equipment has… Read More »

Private Party Equipment Financing – An Overview

I get asked “does Crest Capital offer private party equipment financing?” or similar all the time. The answer to that question is “yes”, which makes our customers happy, because there aren’t too many equipment financing companies who offer private party financing (aka User-to-User financing). I’m going to devote a few posts to the topic of financing equipment from… Read More »

So What Does Equipment Financing Pre-Approval Mean?

My last post introduced our new tool for a self-assessment / pre-qualification for equipment financing. And while pre-approval is indeed a common phrase, we, like almost all lenders, do not actually approve any deal before seeing all of the details, regardless of any pre-approval status (plus, we procedurally buy the equipment for you, so the collateral part needs… Read More »

Can I be Pre-Approved for Equipment Financing?

One question I get asked all the time is “will my company be approved for financing equipment”? Or better still, “can I get a pre-approval for equipment financing?” These are always tricky questions to answer without knowing all the details for a company. However, the questions have merit, and they are asked often enough that yes, there should… Read More »

A Lesson from This Past Holiday Season

I read something interesting the other day. There were the usual “brick and mortar retailers vs. online shopping” articles that crop up right around the holidays, but there was a different tone this year. As reported by CNN Business, brick and mortar retailers fought back against online sellers using “buy online / pick up in store”. This pleased… Read More »