While you will need to have a good credit score, it’s OK if your credit history is limited. Collateral may be required, though this lender doesn’t publish specifics.Įquipment financing from Crest is offered to both small, mom and pop establishments as well as medium-sized businesses. Businesses are able to finance up to 100% of the equipment expenses-including “soft costs” like delivery fees, taxes, or installation-with same-day approval in many cases.Ĭrest offers financing with no closing costs or business liens. If you’re borrowing less than $250,000, there are no income statements required, speeding up the process even more.īoth new and used equipment can be financed with Crest, from a variety of different industries. Through Crest, businesses can get up to $500,000 in equipment funding with loan repayment terms ranging from 24 to 72 months. We chose Crest Capital as our overall top pick for the best equipment financing because it offers such a broad (yet competitive) range of products and services. This lender prides itself on saying "yes" when the bank says "no" and makes it easy to get fast approvals on the funds businesses need most. We compared more than 10 of the top industry leaders looking at factors like repayment terms, loan limits, credit score and business history requirements, fees, and even the types of equipment that can be purchased with those funds.Ĭrest Capital was established in 1989 as a small- and medium-sized business funding and leasing lender, growing establishments across the nation. To help you find the best equipment financing for you and your unique business needs, we have provided the following guide. These loans provide flexible access to tens (or even hundreds) of thousands of dollars when your business needs them most. Similar to personal loan products, companies can get the equipment they need through loans from equipment financing lenders. This is enough to impact many businesses' bottom line. For instance, small companies up to $50 million a year in revenue spend 6.9% of that revenue on IT costs. But costly equipment may be out of the budget for many small- and medium-sized businesses.Įquipment doesn’t just mean heavy machinery. The right equipment can not only be necessary for day-to-day operations but can also help a business grow, expand, and improve efficiency. There are many times when a business may need to purchase equipment.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |