Since 1989 · National Equipment Finance Lender
Crest Capital Credit Requirements
Crest Capital finances equipment, vehicles, and software for established businesses: 2 or more years under current ownership, a record of paying creditors and comparable borrowing on time, and, in closely held companies, a personal credit score of 650 or better for owners of 20% or more. One simple application covers $10,000 to $500,000, no financial statements or tax returns are needed up to $250,000, and most applications receive a same-day credit decision.
About 2 minutesNo personal-credit inquiryInstant answer
- Application Only · Up to $250,000
- Used Equipment · OK
- Soft Credit Pull · Never a Hard Pull
Crest Capital Credit Requirements at a Glance
The requirements in plain terms, so you can see where you stand before you apply.
| Time in business | 2 or more years under current ownership. Crest Capital does not finance pure startups. |
|---|---|
| Payment history | Creditors and comparable borrowing paid on time, by the company and by its principals. Current payment difficulties or a history of nonpayment to creditors rule a file out. |
| Personal credit | 650 or better for owners of 20% or more in closely held companies is the benchmark. Some companies qualify on the business’s credit alone. |
| Annual revenue | No stated minimum. Stable or growing bank deposits, with a balance that comfortably covers the proposed payment, are what count. |
| Amount | $10,000 to $500,000 on one simple application. Larger transactions are available by arrangement. |
| Documents | Up to $250,000, just the application: no tax returns, financial statements, account balances, or balance sheets. Above $250,000, a complete financial package. |
| Decision | Same day for most applications. Above $250,000, typically within a business day once the package is in place. |
| Terms | 24 to 84 months: up to 60 months on the application-only track and up to 84 months with a full financial package, with the longest terms reserved for larger transactions with excellent credit. |
| Rates and fees | Fixed for the full term and quoted per transaction. Early payoff with minimal or no prepayment penalty on most transactions. |
| Down payment | 100% financing for most qualified applicants. Soft costs such as shipping, installation, and training can be included, up to 25% of the loan amount. |
| Collateral | The equipment is the collateral. No blanket liens on most transactions. |
| Personal guarantee | Owners of 20% or more typically sign one. Corp-only approvals are case by case. |
| Credit check | Checking your eligibility uses no personal-credit inquiry. The full application uses a soft credit pull, which never places an inquiry on your credit report. Never a hard pull. |
| Equipment | New and used equipment, vehicles, and software for business use, from the seller of your choice, including private-party sales. No hard cap on equipment age; condition and collateral value are weighed. |
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Who Qualifies for Crest Capital Financing?
Established small and medium-sized businesses with 2 or more years under current ownership and a record of paying creditors on time.
Crest Capital works with established, successful small and medium businesses, and helps them grow and become more successful. If your company has 2 or more years under current ownership and pays its bills on time, you are in the right place. Crest Capital does not finance pure startups, and it finances business-use purchases only, not personal or consumer purchases.
Crest Capital routinely approves companies that assumed they could not get credit, often because a bank or another lending institution had already turned them down. These are usually small and medium-sized businesses without large bank accounts or an impressive financial spread. Yes, Crest Capital finances mom and pop. If your company is healthy and profitable, Crest Capital can very likely provide the funds you need to grow.
- 2+years under current ownership
- 650personal credit benchmark
- $10K to $500Kone simple application
- Same-Daycredit decisions
How Crest Capital Evaluates a File
Six factors, read together by an analyst. The benchmarks are guidelines rather than cutoffs, and a file that misses one by a little is often approved on the strength of the others.
Time in Business
2 or more years under current ownership. Under 24 months counts as a startup for credit purposes, and Crest Capital does not finance pure startups.
Payment History
Creditors and comparable borrowing paid on time, by the company and by its principals. Current payment difficulties or a history of nonpayment to creditors rule a file out.
Business Credit
Dun and Bradstreet, PayNet and Small Business Financial Exchange (SBFE) payment data, and public records. A short file is fine if it is clean; a PAYDEX of 80 or better is the usual sign of on-time trade payments.
Principal Credit
In closely held companies, the personal credit of owners of 20% or more: a score of 650 or better is the benchmark, with no bankruptcies, tax liens, or judgments in recent years. A mortgage paid as agreed helps.
Capacity
Cash flow that covers existing payments plus the new one with room to spare, and bank deposits that are stable or growing, with a balance that comfortably covers the proposed payment.
Industry and Equipment
What line of business you are in, what the equipment is, what it costs, its age and condition, and whether it holds value beyond your own industry. New and used both qualify, and there is no hard cap on equipment age.
Decisions are made by an analyst reading the whole file, not by a scoring machine, and most come the same day.
Benchmarks, Not Cutoffs
The numbers a strong file typically shows. Meeting them usually streamlines approval, and a file slightly below one of them can still be approved with compensating factors.
Up to $250,000, application only.
- Personal credit of 650 or better for owners of 20% or more in closely held companies, with no bankruptcies, tax liens, or judgments in recent years and no payments currently past due. Crest Capital generally looks back seven years for bankruptcies, liens, and judgments.
- Trade and comparable borrowing paid as agreed in Dun and Bradstreet, PayNet, and SBFE data. Comparable borrowing weighs more as the request grows, especially above $100,000.
- Bank deposits stable or growing, with a balance that comfortably covers the proposed monthly payment.
- Terms up to 60 months.
Above $250,000, full financial package.
- Everything above, plus financial statements, tax returns, and the items on the full-package checklist.
- Positive earnings and operating cash flow in the most recent year and the trailing twelve months.
- Debt service coverage of 1.2x or better: cash flow covers existing debt payments plus the new payment with room to spare.
- Comparable borrowing: the largest obligation your company has carried and paid as agreed, compared with the amount requested. A prior obligation at roughly 70% or more of the request is the benchmark; below that, a personal guarantee, a shorter term, or a stronger structure often bridges the gap.
- Terms up to 84 months, with deferred payments, seasonal schedules, prefunding, and progress payments available to qualified applicants.
What compensates. A strong balance sheet, a principal’s credit comfortably above the benchmark, a long clean payment record, or equipment that holds strong collateral value can each offset a benchmark missed by a little. A weaker file is often approved at a shorter term rather than declined.
Personal guarantees and corp-only approvals. Owners of 20% or more typically sign a personal guarantee. Some companies qualify on the business’s credit alone, case by case: generally 3 or more years under current ownership, revenue of several million dollars, clean business credit, and comparable fixed-asset borrowing on record.
Meeting these benchmarks does not guarantee approval, and missing one does not mean a decline. Every file is reviewed individually.
What Documents Does Crest Capital Require?
Up to $250,000, just the application. Above $250,000, a complete financial package.
At or Below $250,000
One simple online application. Most transactions need no tax returns, financial statements, account balances, or balance sheets, and most applications receive a same-day credit decision. Details: application-only financing up to $250,000.
Above $250,000
A complete financial package in exchange for structured terms such as deferred payments, longer amortizations, seasonal schedules, prefunding, and progress payments. Once the package is in place, an answer typically comes within a business day. Checklist: financing over $250,000.
Does Crest Capital Check Personal Credit?
Checking your eligibility involves no personal-credit inquiry. The full application uses a soft credit pull, which never places an inquiry on your credit report. Never a hard pull.
In closely held companies, Crest Capital reviews the personal credit of owners of 20% or more. A score of 650 or better is the benchmark, and it is read alongside time in business, payment history, comparable borrowing, and the equipment itself. Some companies qualify on the business’s credit alone.
You can see where you stand before you apply. The free self-assessment takes about 2 minutes, uses no personal-credit inquiry, and gives you an instant answer.
How Much Can You Finance, and for How Long?
$10,000 to $500,000 on one simple application, with terms from 24 to 84 months.
One application can cover several pieces of equipment when the total is $10,000 to $500,000, and larger transactions are available by arrangement. Terms run up to 60 months on the application-only track and up to 84 months with a full financial package; the longest terms are reserved for larger transactions with excellent credit, and a weaker file is often approved at a shorter term rather than declined.
Most qualified applicants receive 100% financing with no down payment. Soft costs such as shipping, installation, and training can be included, up to 25% of the loan amount, which helps preserve your working capital.
See Where You Stand Before You Apply
Free self-assessment, about 2 minutes, no personal-credit inquiry, and an instant answer.
Ready now? Start the online application. Most applications receive a same-day credit decision.
Common Questions About Crest Capital Credit Requirements
Established businesses with 2 or more years under current ownership and a record of paying creditors and comparable borrowing on time. In closely held companies, owners of 20% or more have a personal credit score of 650 or better as the benchmark. One simple application covers $10,000 to $500,000, no financial statements or tax returns are needed up to $250,000, and most applications receive a same-day credit decision.
A personal credit score of 650 or better for owners of 20% or more is the benchmark in closely held companies. Because this is business financing, the score is read alongside time in business, payment history, comparable borrowing, and the equipment itself, and some companies qualify on the business’s credit alone. Checking your eligibility involves no personal-credit inquiry.
Generally not on Crest Capital’s program. The 650 benchmark is the one guideline that compensating factors seldom offset, because personal credit is read as the owner’s own payment record. Above it, a thin or short file is not a problem, and a file that misses another benchmark by a little is often approved on the strength of the rest.
Dun and Bradstreet, PayNet and Small Business Financial Exchange (SBFE) payment data, and public records such as UCC filings, tax liens, and judgments. A PAYDEX of 80 or better is the usual sign of on-time trade payments, and comparable borrowing paid as agreed, the largest obligation your company has carried, counts most as the request grows. A short file is fine if it is clean.
Owners of 20% or more typically sign a personal guarantee. Some companies qualify on the business’s credit alone, case by case: generally 3 or more years under current ownership, revenue of several million dollars, clean business credit, and comparable fixed-asset borrowing on record.
No. Crest Capital finances established businesses with 2 or more years under current ownership and does not finance pure startups.
Checking your eligibility involves no personal-credit inquiry. If you move forward with a full application, we use a soft credit pull, which never places an inquiry on your credit report. Never a hard pull.
One simple application covers $10,000 to $500,000. One application can cover several pieces of equipment when the total is in that range, and larger transactions are available by arrangement.
Not for most transactions. One simple application covers financing up to $250,000 with no financial statements or tax returns needed. Above $250,000, a complete financial package is required.
No stated minimum. Crest Capital looks at the trend of your bank deposits, stable or growing, and whether the balance comfortably covers the proposed payment, rather than at a revenue figure.
Rates are fixed for the full term and quoted per transaction. Early payoff is allowed with minimal or no prepayment penalty on most transactions, and the equipment is the collateral, with no blanket liens on most transactions.
Yes. New and used equipment both qualify, from the seller of your choice, including private-party sales, and there is no hard cap on equipment age; condition and collateral value are weighed.
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