Tag Archives: Credit

Rates and Restrictions – With One Comes The Other

I’ve mentioned restrictions quite a bit in this blog. In fact, a post from earlier this year about control over your equipment and assets really drives the point home.  All too often, companies enter into financing and leasing agreements with all kinds of draconian covenants and restrictions in the fine print. These restrictions (like blanket liens, minimum bank… Read More »

Is it Time for a New Finance Partner? Part 1.

Every now and again, I’ll write about B2B equipment sellers offering financing. And I sometimes look back and think if someone read it at the time and listened, they did well. For example, I posted a “why aren’t you offering financing?” series in January of 2020. Just one month after I posted, we began hearing about a possible… Read More »

Yes You Should Still Borrow In a Higher Rate Environment

I had an interesting conversation right after the “big” June rate hike.  A customer was in the process of buying a new machine they needed, and the rate hike happened right in the middle of their “which of these two models should we buy?” discussion. And since like most businesses they were going to finance the machine, they… Read More »

What Credit History Criteria is Used in Equipment Financing?

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 »

Have You Been Turned Down For Business Credit? Remember – It’s Not Personal.

In an earlier post, I went over Crest Capital’s basic credit requirements. Two years in business, sufficient revenues, no bankruptcies, etc.  Like any lender, our credit requirements will leave out many businesses. And over the years, I’ve received more than one angry email from someone turned down, trying to explain why they had to declare bankruptcy three years… Read More »