I remember when I was about 14 years old. A few years of mowing lawns had built up my bank account to several hundred dollars. It was a lot of money for a kid back then. And it made me feel very secure. Money in the bank is a great feeling anytime. I also wanted a new videogame… Read More »
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 »
Every spring, I do a “hot and not in equipment financing” series of posts. And since I’ve always done it, I will do it in 2020 as well. That said, it does feel strange doing this in the middle of the COVID-19 crisis. So it’s with an addendum: I’ll talk about a few industries that are doing well… Read More »
Oh my goodness, it’s 2020! Wasn’t 2007 just a few years ago? It certainly seems like it. But no, the calendar is flipping again, and that means it’s time for the 2020 edition of Fletch Predicts. The first thing I usually do is sports predictions. I was on a bit of a streak 2-3 years ago, having nailed… Read More »