Lease or Loan. Options for your business.

We understand the unique challenges that small and medium
sized businesses face.

Equipment, vehicle, and software financing can seem complicated, but Crest Capital has cracked the code. We will tailor business financing or leasing that fits your exact needs and payment preferences.

Sort by one of the following collateral types.

EFA (Equipment Finance Agreement)

Is essentially a fixed-rate loan offering a monthly payment that does not fluctuate with treasury rates. You own the equipment, and we release our security interest at the successful end of the term. And unlike a bank loan, there are no compensating balances or blanket liens.

$1 Purchase Agreement

Our most popular lease (commonly referred to as a lease-purchase or $1-out) offers a fixed monthly payment, and you own the equipment at the end of the lease term for a nominal amount such as $1

10% Purchase Option

If you want more options, the 10% Purchase Option offers a fixed monthly payment as well as a fixed purchase option. Your end-of-lease options are many: you can purchase the equipment at 10% of its original cost, renew the lease, or return the equipment to Crest. You may also apply to upgrade to new equipment.

FMV (Fair Market Value) Option

If you want lower payments and more options at the end, the FMV (Fair Market Value) Purchase Option offers the lowest fixed monthly payment (and the payments are usually 100% tax deductible.) At the end of the lease, you can purchase the equipment at fair market value, renew the lease, or return the equipment to Crest. You may also apply to upgrade to new equipment.

PUT (Guaranteed Purchase Agreement)

Provides a guaranteed purchase price for the equipment at the end of term. You can choose a purchase price that is fixed at a certain dollar amount, or choose a range between a fixed minimum or maximum amount (Min-Max). This gives you a lot of control - the larger the Balloon payment, the lower the monthly payment.

First Amendment Lease

Gives you a purchase option at one or more defined points, with the requirement that you renew or continue the lease if the purchase option is not exercised. The option price is either a fixed price intended to approximate fair market value, or is defined as fair market value determined by appraisal and subject to a minimum to insure that Crest Capital's residual position will be covered. If the purchase option is not exercised, the lease is automatically renewed for a fixed term (typically 12 or 24 months) at a fixed rental intended to approximate fair rental value. You are not permitted to return the equipment on the option exercise date. If the lease is automatically renewed, at the expiration of that initial renewal term, you typically have the right to return the equipment without penalty, renew, or purchase at fair market value.

Operating Lease (Off-Balance Sheet Financing)

Meets the criteria established by the Financial Accounting Standard Board (FASB) and is available for equipment with a strong after-market value.

Most of the above structures can be combined with the following plans:

Master Agreement

Allows additional equipment schedules to be added in the future. This essentially functions as a Line of Credit to purchase equipment. A Master Agreement is very handy for companies who wish to add an additional piece of equipment if the initial investment meets profit projections (e.g., adding a second delivery truck if the first proves wildly successful.)

Deferred Plans

Allow you to get equipment and software today, while deferring payments for up to six months. This allows a company to reap the financial benefits of the new equipment before any payments are due (hence, the equipment pays for itself). Common deferral periods to choose from are 30, 60, 90, and 180-day periods.

Step-Up Plans

Afford you lower payments early in the finance term, and higher payments later (e.g., $400 a month for the first year, $600 a month for year two, $1,000 a month for year three, and so on). Again, this allows the equipment to start generating revenue, while payments remain small in the beginning.

Seasonal Plans (aka "Skip-Payments")

Provide for no monthly payments during seasonal businesses' slow periods, matching payments with months when more cash is generated during the year. Think a golf course in the Northeast skipping golf cart payments in the winter.

Don't see what you need? We have other payment structures available, and can work with you to create a custom payment structure that fits your needs. The bottom line is we want to facilitate smooth transactions between buyers and sellers, and will work hard to make that happen. Contact us today to learn more.

Whether you choose an lease or loan, Crest Capital is the right choice. Apply now and get approved today.

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