Let’s continue with my series on how lenders arrive at rates. This time we’ll talk about loan types and intended use, which, honestly, is one of the easier ones to explain. In plain terms, most lenders want to know what you are going to do with the money they lend you. This is true for consumer loans (your… Read More »
My last post discussed construction equipment and how it’s not only revenue-generating but also holds its value relatively well. So a natural segue would be to discuss used heavy equipment financing, which I’m going to do here. Used heavy equipment financing is something Crest Capital has done for more than 30 years and remains one of our core… 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 »
As we move through the 4th quarter of the strangest year ever (after the last strangest year ever), I’m struck by how things have changed, but also how many things have stayed the same. One thing that is sure to remain is companies rushing to get a Section 179 purchase or three in before the deadline. And as… Read More »
My previous post was about the Section 179 deadline, and how supply chain issues and delivery delays could derail some companies who wait too long to make their 2021 section 179 equipment purchases. And almost right away, my brain kicked into “and getting used equipment instead alleviates that” (since Section 179 eligible equipment can be new or used.)… Read More »