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 »
As many readers know, I’ve usually written my yearly “hot and not” posts in the spring or summer. However, I didn’t write one last year, because it seemed wrong when everything was shut down due to the pandemic. But here we are in 2021, COVID restrictions are easing (if not gone), and many industries are returning to normal.… Read More »
We’ve officially hit summer in 2021, and that can only mean one thing – Section 179 financing! Ok, that’s probably not what sprang to your mind, but that’s fine. You can have whatever you thought of (vacation, swimming pools, baseball, whatever) and still take advantage of Section 179. There’s a reason why right now is a great time… Read More »
** 4th Quarter 2021 update: I wrote this post in May, and boy did it come true. The good news is by reading this now, you still have a decent amount of time to get your Section 179 purchase financed, delivered, and put into service. But definitely act now. In 2021, you need to pay close attention to… Read More »
In my last post, I went over book accounting and tax accounting. Now let’s take a look at how each views leasing. The first point I want to make is the one overriding factor that any business needs to determine is their goals for a lease first, then they should choose a lease that best meets their needs.… Read More »