Financing
American Surplus is proud to partner with Crest Capital to provide simple, convenient, and affordable same-day equipment financing options for small-to-medium sized businesses!
Established in 1989, Crest Capital specializes in providing small to medium-sized businesses with the equipment financing options you need at better rates, while also eliminating the hassle typically encountered with traditional bank loans. With a simple application and no need for tax returns or financial statements, you benefit from a quick, easy decision rather than waiting weeks.
Whether your project needs $5,000 or $500,000, Crest offers a broad array of equipment lease and loan agreements at fixed rates that won’t go up with inflation. Crest also provides a simple process to get started, just use their free Eligibility Check Tool and get your decision today!
10 Reasons To Finance With ASI & Crest Capital:
1. Simplicity - Without the Credit Inquiry Hit
2. Save Valuable Time
3. 100% Financing
The bank usually only finances 80% of the equipment purchase and none of the soft costs. Crest Capital finances 100% of your purchase and can also finance soft costs such as delivery and installation.
4. No Collateral Required
- NO Blanket Liens!
- NO Compensating Balances!
- NO Loaning You Your Own Money!
5. No Financial Statement Covenants
The bank will want you to keep a healthy balance in the bank and will poke their nose into your debt to equity ratio and other numbers. Crest Capital doesn’t – they finance the equipment without any of the hassle.
6. Credit Availability
If you borrow from the bank for equipment, you won’t be able to borrow later if an emergency comes up. Using Crest Capital for your equipment purchases means you can still use the bank for emergencies by preserving bank lines for working capital.
7. No Hidden Charges
Banks love to nickel and dime you with extra fees. Crest Capital doesn’t have time for that and neither do you.
8. Fixed Term is Better
Your accountant and the IRS agree, Crest Capital’s fixed term loans looks better on your balance sheet than a bank’s revolving terms.
9. No Rate Adjustment
Don’t get fooled by the promise of rates going down — Crest Capital’s consistent, fixed terms protect you when the bank’s adjustable rates inevitably go up.
10. No Yearly Re-Qualification
Crest Capital won’t ask you to re-qualify for your loan annually. The bank will; just check the fine print!
Equipment Financing FAQs
What is equipment financing? How does it help small and medium sized businesses?
Equipment financing is a specialized loan or lease that lets you acquire equipment, vehicles, or software with payments spread over time. For small businesses, this approach preserves working capital, minimizes large upfront costs, and can unlock tax advantages (such as Section 179). Ultimately, it helps you scale your business without depleting cash reserves.
What types of equipment can I finance?
You can finance nearly any business-critical asset from heavy construction machinery to specialized software solutions. Both new and used equipment typically qualify. American Surplus’ entire catalog of material handling equipment solutions ranging from pallet racking to Mezzanines, Conveyor, and more is eligible for this flexible payment option.
How does the financing process work step-by-step?
- Apply online using Crest Capital’s simple application form.
- Receive a same-day decision for amounts up to $250,000. (Amounts up to $500,000 are typically processed within 48 hours.)
- Sign documents electronically with minimal paperwork.
- Crest Capital pays American Surplus immediately, getting our material handling equipment into your facility sooner!
What credit score do I need to qualify for equipment financing?
A credit score of 650 is the minimum most equipment financing lenders will typically require to extend credit. Since this is business financing and not consumer financing, your credit score is just one factor in the approval process. Other important qualifications to receive financing include:
- At least two years of business operations under current ownership.
- Previous borrowing history.
- The type and value of equipment being financed.
What are the benefits of financing equipment instead of paying cash?
The benefits of financing over cash purchases in business transactions are clear to see!
- Preserve working capital for growth and daily operations.
- Provide peace of mind with predictable monthly payments as opposed to large cash outlays.
- Capitalize on potential tax advantages through Section 179 deducations.
- Allow immediate equipment use while revenue it generates helps offset payments.
What's the difference between equipment leasing and equipment financing?
Equipment leasing grants you usage rights with lower monthly costs, but no ownership rights without taking an end-of-term buyout option. Equipment financing grants you full ownership rights from day one, typically with consistent fixed payments and potential Section 179 tax benefits
Can I finance used or refurbished equipment with Crest Capital?
Yes! Crest Capital finances both new and used equipment, including pre-owned and refurbished assets. Typical age limits are up to 10 years, but eligibility varies by equipment type.
How quickly can I get approved for an equipment loan? Do you offer same-day approval?
Does Crest Capital finance equipment for all industries? (Construction, Professional Services, Manufacturing, etc?)
Yes, Crest Capital supports businesses in nearly every industry, from construction to professional services to manufacturing and IT. Crest Capital works with machine shops, packaging and printing companies, food processing facilities, landscaping business, and many others. If you’re a US-based business needing an extra boost to acquire the material handling equipment you need to grow, Crest Capital is ready to work with you!
What tax advantages come with equipment financing?
Financing can unlock significant tax savings through the Section 179 Deduction, allowing a first-year write-off of eligible equipment costs and potentially even interest expenses.
Do I need a down payment, and can I finance soft costs like delivery and installation?
Most lenders including Crest Capital offer 100% financing with no down payment for qualified applicants. Crest Capital can also finance the soft costs of your equipment purchase such as shipping, installation, and training up to 25% of the total equipment cost, helping to preserve your working capital.
Can I pay off my equipment financing early, and are there any penalties?
Yes, many lenders allow early payoff, though penalty structures vary. Crest Capital typically offers minimal or no prepayment penalties to qualified applicants.
What happens at the end of the equipment financing term?
With equipment financing, you’ll typically own the asset outright once the final payment is made. In a lease, you may have a buyout or renewal option at term’s end.