Crest Capital Small Business Equipment Leasing
Crest Capital is a direct funding source providing vehicle and equipment financing and leasing to small and mid-size businesses across the United States. Crest provides 100% financing for a broad variety of business equipment, new or used, from $5,000 to $500,000. Crest offers fixed rates indexed to like-term treasuries from 24 to 72 months. Crest delivers a faster, less expensive alternative to variable-rate bank loans, and flexible repayment arrangements include seasonal, skip, and ramp-up payment plans on both lease and loan agreements. Crest does not provide financing for businesses that have prior bankruptcies, open tax liens, judgments, repossessions, or slow pay history. Crest Capital has successfully served the equipment leasing and financing community for nearly two decades, building a solid reputation for a sophisticated level of service affording fast credit response with a simple application process.
In Business Since: 1989
Company Type: Independent, Non-Bank Financial Company
Funding Source Type: Lessor, Lender
Source of Funds: Internal, Bank Lines, Warehouse Lines, Investors, Capital markets
Annual Funded Volume: $25MM-100MM
Products Offered: Application-only program to $150,000, Equipment Loans, Equipment Operating Leases, Equipment Finance Leases, Vehicle Finance Agreements, Vehicle TRAC Leases, Muni / Fed Leases, Working Capital, Refinances
Deal Size Range: $5,000 to $500,000
Average Deal Size: $65,000
Terms: 2- 6 years
Average Term: 3- 5 years
Asset Categories: Ambulance / Emergency, Auto / Light Truck, Auto Test/Repair, Audio, Visual and Broadcast, Bus / Mass Transit, CAD / CAM, Computer Related, Construction, Containers, Dry-Cleaning / Laundry, Energy Related, Food Distribution / Processing, Golf Related, Graphic Arts / Printing, Health / Fitness, HVAC, Industrial / Manufacturing, Inflatables, Machine Tool, Marine, Material Handling, Medical / Dental, Mining, Office Equipment, Packaging Paper, Project Financing, Restaurant FF&E, Retail FF&E, Software / Hardware, Software Only, Telecommunications, Light Trucks and Trailers, Vending Machines, Waste Disposal, Unusual Equipment, Woodworking
Credit Quality: Investment Grade or Equivalent, Near Investment Grade, "A" Quality, "B" Quality, "C" Quality (structuring required), Start-ups (dealer programs only)
Scope of Geographic Activity: National