Crest Capital

Founded in 1989, Crest Capital has established itself as a specialized lender focused exclusively on equipment financing and leasing solutions for businesses across a wide range of industries. Unlike banks and generalist lenders that offer equipment financing as just one of many products, Crest Capital has built its entire business model around understanding the specific equipment needs of different industries and crafting financing solutions that align with those requirements. This specialization has allowed them to develop streamlined processes and industry-specific expertise that general lenders typically lack. Crest Capital operates as a direct lender rather than a broker, meaning they provide the actual funding for transactions rather than simply connecting businesses with third-party lenders. This direct lending approach gives them greater control over approval criteria, documentation requirements, and funding timelines, allowing for faster decisions and more consistent terms compared to lenders who must coordinate with external funding sources.

What distinguishes Crest Capital in the equipment financing landscape is their industry expertise combined with a technology-forward approach to lending. Unlike traditional equipment financiers that often require extensive documentation and lengthy approval processes, Crest Capital has developed proprietary underwriting algorithms that evaluate business health and equipment value to expedite approvals while maintaining appropriate risk management. Their specialized knowledge of equipment depreciation schedules, residual values, and industry-specific utilization patterns allows them to offer more tailored financing structures than generalist lenders who may apply one-size-fits-all approaches to equipment loans. Additionally, Crest Capital stands out for their willingness to finance software and technology solutions—assets that many traditional lenders avoid due to concerns about collateral value. This commitment to understanding modern business needs extends to their application process, which requires minimal documentation for transactions under $250,000, a stark contrast to the extensive paperwork typically required by bank equipment loans.

Crest Capital offers a comprehensive range of equipment financing options designed to meet diverse business needs. Their core products include equipment loans with terms from 24 to 84 months, equipment leases with various end-of-term options (including $1 buyout and fair market value structures), and specialized vehicle financing programs. Funding amounts typically range from $5,000 to $1,000,000, though larger transactions can be accommodated. Interest rates vary based on business credit profile, time in business, and equipment type, but generally fall between 5% and 12% for well-qualified borrowers. The application process is notably streamlined, with transactions under $250,000 often requiring just a simple application without financial statements, while larger amounts may require basic financial documentation. Approval decisions are typically provided within 1-2 business days, with funding following shortly after equipment delivery confirmation. To qualify, businesses generally need to have been operating for at least 24 months, demonstrate positive cash flow, and maintain a credit score of 650 or higher for the business owner, though these criteria can be flexible depending on other business strengths.