Over the years, I’ve spoken quite a bit about the restrictions that are common on almost all bank loans, and how they can really make things tough on a company. To refresh, the three I mention most are: Blanket Liens – This is where the bank slaps a lien on your entire business, meaning you cannot do what… Read More »
Let’s meet Chuck. Chuck owns a construction company, and over the last 17 years, has financed equipment four times with Crest Capital. Chuck’s first deal was in 2005. He was, I think, a three-person company at the time. He and two friends got together a few years prior doing contracting work, and also subbed out to some larger… Read More »
Quick question: If I offered you one of three choices: $5,000 cash right now, $5,000 in a few years, or $1,000 a year for five years, which would you take? Most of you would say $5,000 right now, which is the correct answer. There are a lot of reasons why most people feel this is the correct answer.… Read More »
One thing that never changes is the media latches onto “bad” news much more than good news, and often, the bad news becomes the prevailing sentiment. I’m not going to pretend I’m not influenced by that either – in this very blog I’ve recently been discussing shortages (both in materials and labor), rising inflation, rising interest rates, and… Read More »
One more reason to finance equipment in 2022 is my old favorite, Section 179. It makes more sense than ever to take advantage of Section 179. All you have to do is read my past few blog posts – there you find talk of rate increases, record inflation, increased lead times, and even used equipment costing more. All… Read More »