What’s Hot in Equipment Financing for 2019

It’s time for my annual “hot or not” in terms of equipment financing. I always look forward to doing this, because I find the equipment financing industry to be a very good microcosm of the country (and even society) in general. Seeing what industries are borrowing is a strong statement on what’s going on in a big picture… Read More »

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 »

theLeaseGuy

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 »

theLeaseGuy

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 »

theLeaseGuy

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 »

theLeaseGuy