Crest Capital

Crest Capital is an equipment financing and leasing company, based in Atlanta, Georgia.[1][3] It was reviewed by Business News Daily and Business.com as best equipment financier of 2020,[4][5] and by Investopedia as best overall equipment financing company of 2021.[6]

Crest Capital
TypePrivate
IndustryDiversified financial services
Founded1989 (1989)[1]
Headquarters
Atlanta, Georgia
,
USA
Key people
Mark French[2]
(President)
ServicesEquipment financing
Equipment leasing
Software financing
Websitewww.CrestCapital.com

Background

Crest Capital was founded in 1989, and it is based in Atlanta, Georgia.[1] Its president is Mark French,[2][7] Charlie Hanavich is the CART Director[1] and Chris Fletcher is the Senior Vice President of National Accounts.[8]

Business and services

Crest Capital provides financing to businesses for purchase or lease of new or used equipment.[3][9][10] It provides equipment, vehicle, furniture, and software lease and loan agreements to small and medium-sized businesses.[1] Crest Capital also offers leasing and financing for agricultural, automotive diagnostic, food service, forestry, health, industrial, manufacturing, medical, office, packaging, printing, retail, software, technology and other general types of equipment.[1][11]

Crest Capital assists businesses to benefit from Section 179 depreciation deductions to write off acquisitions of equipment and software.[12][13] Crest Capital Section 179 Calculator[14] is recommended by some dealers and advisors.[15][16] As of 2011, businesses were able to claim up to $500,000.[16] This deduction also applies to the acquisition of software, computers, cars and other equipment used in the business.[7][12][13]

Through Crest Capital Equipment Finance, Crest Capital partners with equipment dealers to make purchase and lease financing opportunities available to their customers.[17]

Recognitions
  • Best Overall Equipment Financing Company of 2021 (Investopedia)[6]
  • Best Equipment Financier of 2020 (Business News Daily and Business.com)[4][5]

References
  1. "Company Overview of Crest Capital". Bloomberg Businessweek. Archived from the original on 8 March 2016. Retrieved 26 January 2021.
  2. "Medical Equipment Leasing Holding Steady". Equipment Finance Advisor. 10 October 2011. Retrieved 26 January 2021.
  3. Dave Vagnoni (April 2012). "17 Ways to Raise Capital - #7 Lease Equipment". Counselor. Retrieved 26 January 2021.
  4. Simone Johnson (8 July 2020). "Crest Capital Review". Business News Daily. Retrieved 26 January 2021.
  5. Simone Johnson (8 July 2020). "Crest Capital Review". Business.com. Retrieved 26 January 2021.
  6. Stephanie Colestock (22 October 2020). "The Best Equipment Financing Companies - Helping you get financing for the equipment you need". Investopedia. Retrieved 26 January 2021.
  7. Beth Leibson (10 October 2011). "Special report: Medical equipment leasing holds steady". DOTmed.com. Retrieved 26 January 2021.
  8. Davina van Buren (27 May 2020). "Alternative ways to access business funds during COVID-19 recovery—and beyond - Finance your business equipment". New Hope Network. Retrieved 26 January 2021.
  9. Adam Uzialko (9 June 2020). "Small Business Guide to Alternative Lending". Business.com. Retrieved 26 January 2021.
  10. Adam Uzialko (11 June 2020). "Should You Consider Asset-Based Lending?". Business News Daily. Retrieved 26 January 2021.
  11. "Power User Spotlight: A Behind the Scenes Look into Lending". SBA.gov. 27 May 2011. Archived from the original on 10 February 2015. Retrieved 26 January 2021.
  12. Michael Frank (20 October 2014). "4 Things You Need to Know About Commercial Vehicle Insurance". Entrepreneur (magazine). Retrieved 26 January 2021.
  13. Michael Frank (20 October 2014). "4 Things You Need to Know About Commercial Vehicle Insurance". Entrepreneur (magazine). Retrieved 26 January 2021.
  14. "Section 179 Tax Deduction Calculator". Crest Capital. Retrieved 26 January 2021.
  15. Stone, Scott (25 May 2010). "Section 179 Enhanced Limits Extended for 2010 tax year". Retrieved 26 January 2021.
  16. "Get The Haas You Want – And Then Write Off the Entire Cost in 2011". 23 May 2011. Archived from the original on 19 December 2011. Retrieved 26 January 2021.
  17. "Financing Options". Howard Brothers Equipment Company. Archived from the original on 6 April 2018. Retrieved 26 January 2021.
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