Equipment financing
Crest Capital
Crest Capital is a national equipment finance company. It started in Atlanta in 1989 and works from Alpharetta, Georgia, writing leases and loans for business equipment, vehicles, furniture, and software, with one application covering $10,000 to $500,000.
The process is built to avoid bank paperwork. No financial statements are needed up to $250,000, an eligibility check takes about two minutes and places no personal-credit inquiry, a full application uses a soft credit pull rather than a hard one, and decisions are returned the same day. Rates are fixed for the full term. The company finances 100% of a purchase including soft costs such as delivery and installation, and says it requires no blanket liens or compensating balances, does not ask borrowers to re-qualify annually, and will not call financing mid-term.
Typical customers are established companies, two or more years under current ownership, with good credit; the company notes that 650 is the minimum score most equipment financing lenders require and that its own decision weighs business age, business and owner credit history, current debt utilization, collateral, and industry. It does not do startup or bad-credit financing. Alongside direct lending it runs vendor finance programs so equipment dealers can offer financing to their own customers, and it publishes Section 179 material with a tax calculator.
Contact runs through the online application, the (800) 245-1213 phone line, or email, with the office at 3460 Preston Ridge Rd, Suite 285, Alpharetta, GA. Rates are not published; the site offers a payment calculator and an instant quote instead, so compare the quoted fixed rate against a bank facility before signing.
Best for
Established businesses, two or more years under current ownership with good credit, financing equipment, vehicles, or software between $10,000 and $500,000. Startups and borrowers with damaged credit are explicitly not served.
What they do
- Equipment leases and loans
- Business vehicle financing
- Software financing
- Furniture and fixture financing
- Vendor finance programs for equipment dealers
- Section 179 qualified financing
- Application-only financing up to $250,000
- Payment and lease calculators
Details
| Attribute | Value |
|---|---|
| Founded | 1989 |
| How they charge | Rates are fixed for the full term and quoted per deal; the site publishes a payment calculator and instant quotes rather than a rate card. |
What stands out
- One application covers $10,000 to $500,000, with no financial statements required up to $250,000.
- Eligibility checks place no personal-credit inquiry, and full applications use a soft credit pull rather than a hard pull.
- Finances 100% of a purchase including soft costs such as delivery and installation, at rates fixed for the full term.
- Started in Atlanta in 1989; requires no blanket liens or compensating balances and no annual re-qualification.
- Does not offer startup or bad-credit financing; typical customers are two or more years under current ownership.
Common questions
- What are the credit requirements?
- Typical customers are established companies, two or more years under current ownership, with good credit. Crest Capital notes that 650 is the minimum score most equipment financing lenders require, and says its own approval decision weighs the age of the business, the credit history of the business and owners, current debt utilization, collateral, industry, and other factors.
- Does applying affect personal credit?
- No. Checking eligibility involves no personal-credit inquiry, and a full application uses a soft credit pull, which does not place an inquiry on a credit report. The company says it never uses a hard pull.
- Are there bank-style restrictions such as blanket liens?
- No. Crest Capital says its fixed-rate loans and leases require no blanket liens and no compensating bank balance, borrowers are not asked to re-qualify annually, and financing cannot be called in the middle of the term.