In my last post, I spoke about the owner of a business who told me the hardest part on the road to success was that very first decision to expand. Even after I wrote that post, I thought more about it, and I realized what made the decision so hard was the acceptance of using credit to expand.… Read More »
I was talking to my friend Edward the other day. Edward owns a landscaping and small equipment repair business, and he’s been very successful over the years. He’s also a customer of ours, and has been for more than a decade. We got to talking about business growth, risk, and what it takes to be successful. And he… Read More »
One thing we’re very proud of at Crest Capital is the minimal amount of paperwork we both require, and generate. Time was when equipment financing was ALL paper-based. You filled out a paper application, you usually got an answer via another piece of paper, if you were approved everything was put on paper for you to sign, and… Read More »
As you know, I write about Section 179 a lot. Because it’s an excellent way for businesses to acquire equipment, and can really save a company a lot of money. But sometimes, I get frustrated with how Section 179 is often presented. I’m a plain-language guy, and once something starts to sound too much like an advanced-level economics… Read More »
I often talk about the advantages of financing equipment with an equipment financing company over the bank. One key advantage is that we do not require blanket liens or minimum balances kept in the bank. The lack of these two particular restrictions on an equipment loan allows companies to be very nimble, and get more financing quickly and… Read More »