Sean Marten is a Senior Credit Analyst at Crest Capital. With a degree in Finance from DePaul University and many years of experience in commercial finance, Mr. Marten has written several other articles about business and finance that can be found at: http://www.crestcapital.com/equipment_loan_media.
Crest Capitalâs strength is helping small & medium-sized businesses get the equipment financing they need at better rates while eliminating the hassle often encountered with typical bank financing.
Equipment financing lenders, as well as banks, use the Five Cs to evaluate loan applications: Character, Credit, Cash Flow, Capacity and Collateral. However, while banks look at small-to-medium size companies from a Fortune 500 perspective, equipment financing companies see applicants from a small business perspective, which highlights a sixth C: Common Sense.
In simple terms, Section 179 is an incentive by the United States government to stimulate the economy by encouraging small and medium sized businesses to purchase equipment this year by making it very advantageous in a tax sense.