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 »
Let’s wrap up my little “leasing and accounting” series by going away from the complicated, and embracing the simple. People ask me all the time “what is the best type of payment structure for my business, leasing or financing?” And I always answer with another question: “what is your company goal in wanting this transaction?” Here are the… Read More »
As I write this, the biggest issue on the minds of businesspeople everywhere is “taxes”. Of course, this argument has been going on for centuries (the USA was founded partly due to unhappiness with taxes), but there is a very valid point here. “Enough with the taxes” say small and mid-sized companies, and they’re right. Businesspeople, especially those… Read More »
With the Holidays upon us, let me go over my wish list for this year. First up on my list is always Section 179. But I really don’t need to put it here anymore, because it was made permanent in 2017. Still, I’m used to having it high on my list, so I’ll wish for it to grow… Read More »
2020 is half over, and while most people are saying “thank goodness”, I’m thinking “in all that’s been going on, I haven’t mentioned Section 179 lately.” My wife even asked “are you ok, you don’t seem like yourself”, to which I replied “I’ve been ignoring Section 179”… ok, I’m kidding there. Old Fletch knows that wouldn’t be great… Read More »