What are your rates?
Our rates are competitive with business loans from a typical bank. Like all lenders, rates are indexed to like-term U.S. Treasury rates. Our financing is fixed-rate, without blanket liens, and we do not require borrowers to re-qualify for loans or send in yearly tax returns (in other words, we're better than a bank.)
Are you quick? How long to get approvals?
Very quick. In most cases, same-day approval can be given.
When does Crest pay us for the equipment? And do you provide progress payments? (In other words,
Crest pays vendor partners very quickly. Normally, we pay in-full via ACH or Bank Wire within 24 hours of delivery and acceptance. For qualified vendor partners, progress payments and prefunding can definitely be part of our relationship.
can you meet our payment terms?)
We do a lot of our business at trade shows, and require a finance partner to attend with us and perform on-the-spot financing. Does Crest offer things like this?
Yes, we're a true finance partner in every sense of the term, and will work with you in a variety of ways to use financing as a revenue-generating tool (including attending trade shows).
Do you finance the type of equipment we sell?
Yes – we finance almost any type of equipment a company would use in doing business. If you sell to businesses, we can likely finance your product. And yes, the equipment can be new or used.
What about software?
Yes, Crest Capital is a leader in software-only financing.
And how about vehicles?
Yes, Crest finances all manner of new and used commercial vehicles and trailers, from delivery vans and work vehicles to specialty vehicles like dump trucks, heavy equipment, pavers, cranes, and similar. We provide titled leases, with a guaranteed purchase option. The only vehicles we don't finance are passenger cars, and transportation-industry trucks / owner operators (although we do finance individual 18 wheel trucks for non-transportation companies.)
Are your credit standards flexible?
Yes. Oftentimes, we can provide financing where a bank will not.
Do you finance mom & pop customers?
Absolutely. In fact, small companies with 5-75 employees make up a good part of our customer base.
Do you finance start-ups? Or
As a rule, no. That said, if an existing vendor partner in good standing brought us an occasional startup as a client, we will possibly look at it (but again, as a general rule, credit hiccups and startups are not what we do.)
companies with credit hiccups?
Are you a direct lender?
Yes. That is a big advantage in working with Crest – we are the lender. No middleman.
Do you provide 100% financing?
Yes. In fact, we can even go a little higher (see next question.)
Do you finance soft costs like delivery
Yes, a full 25% of the total loan amount can be soft costs.
Do you require a large down payment?
In most cases, we do not require any down payment. However, depending on credit history, sometimes a down payment is required for approval.
Do you finance my transaction $-size?
Yes. We're in the business of providing companies with the funds they need. Most of our transaction sizes run small ($5,000) to very large ($500,000). Ask us.
How long have you been doing this?
Since Bush Sr. was president (1989).
How do we get a button like the one we saw on our competitor's site?
That's our payment portal button, and you'll love it. Just fill out the form below to get started.