Crest Capital

Section 179 is for ALL Businesses | The Lease Guy I’m on a bit of a Section 179 kick as of late, and wanted to mention something I’m sure I’ve talked about before, but it bears repeating: Section 179 can be used by any type or size business. Section 179 doesn’t care if you’re a sole proprietor, a partnership, or a corporation. It doesn’...

Business Credit Requirements – Have Things Changed During Covid? | The Lease Guy I’ve been asked more than once if Covid has affected the credit requirements for businesses looking to finance equipment. The short answer is “no, not for us”. There are lenders that have changed their requirements (specifically lenders that already took on high-risk loans), but Crest Capital....

What’s Hot in Equipment Financing in 2021 | The Lease Guy As many readers know, I’ve usually written my yearly “hot and not” posts in the spring or summer. However, I didn’t write one last year, because it seemed wrong when everything was shut down due to the pandemic. But here we are in 2021, COVID restrictions are easing (if not gone), and many i...

It’s a Magic Time of Year for Section 179 Financing | The Lease Guy We’ve officially hit summer in 2021, and that can only mean one thing – Section 179 financing! Ok, that’s probably not what sprang to your mind, but that’s fine. You can have whatever you thought of (vacation, swimming pools, baseball, whatever) and still take advantage of Section 179. There...

Used Equipment in 2021 Part 2 | The Lease Guy My last post was about used equipment, and how there’s an advantage to getting the equipment now (as opposed to supply chain slowdowns making you wait.) I even mentioned financing used equipment, and also went a step further and added in that we finance private party deals (aka user to user, or in...

The Case for Used Equipment in 2021 | The Lease Guy My previous post was about the Section 179 deadline, and how supply chain issues and delivery delays could derail some companies who wait too long to make their 2021 section 179 equipment purchases. And almost right away, my brain kicked into “and getting used equipment instead alleviates that” ...

Pay Attention to the Section 179 Deadline in 2021 | The Lease Guy In 2021, you need to pay close attention to the Section 179 deadline, and make sure you aren’t left out. Is it odd that I’m saying this in May? Not this year. And that’s due to supply chains across the board being affected by pandemic shutdowns and post-reopening labor issues. And it is catchi...

Leasing or Financing – Which Is Best? It All Depends on Your Company Goals. | The Lease Guy Let’s wrap up my little “leasing and accounting” series by going away from the complicated, and embracing the simple. People ask me all the time “what is the best type of payment structure for my business, leasing or financing?” And I always answer with another question: “what is your co...

Equipment Leasing and Taxes | The Lease Guy In my last post, I went over book accounting and tax accounting. Now let’s take a look at how each views leasing. The first point I want to make is the one overriding factor that any business needs to determine is their goals for a lease first, then they should choose a lease that best meets their...

The Two Different Accounting Methods – Book Accounting and Tax Accounting | The Lease Guy Here’s something that’s a surprise to many non-businesspeople: There are actually two different accounting methods, and most successful businesses will compile reports and similar using both. The two accounting methods are: Book Accounting (which could simply be called “accounting”) utilizes...

The Advantages of Leasing Equipment – an Overview | The Lease Guy I’ve had leasing equipment on my mind lately. Even though I’m quite schooled on the advantages of leasing equipment and I’ve spoken about it in this blog previously, I never really expressed just how flexible it is, and how it could help companies of any size, no matter their goals. I also nev...

It’s Your Money, And You Should Keep More of It | The Lease Guy As I write this, the biggest issue on the minds of businesspeople everywhere is “taxes”. Of course, this argument has been going on for centuries (the USA was founded partly due to unhappiness with taxes), but there is a very valid point here. “Enough with the taxes” say small and mid-sized ...