One of the more interesting (and complex) things I’m often asked is “what type of credit criteria is used in an equipment loan decision?” Honestly, B2B credit criteria can be complex because the answer is extremely varied, and depends on the business type, time in business, the company’s credit history (e.g., how much credit is in the business… Read More »
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 »
With the title Equipment Financing Approval – by the numbers you might think I’m going to give industry approval ratings in terms of equipment financing deals (which, by the way, are higher than our president’s approval ratings!) But I’m not – in fact, as an overall number, the amount of businesses accepted is not very useful (there are… Read More »