• Preservation of Cash Flow:

Equipment financing allows businesses to acquire necessary equipment without a large upfront payment. This preserves cash flow for other critical business needs such as payroll, inventory, or marketing.

• Tax Benefits:

Many equipment financing options offer tax advantages. For instance, under Section 179 of the IRS tax code, businesses can deduct the full purchase price of qualifying equipment purchased or financed during the tax year.

• Access to Up-to-Date Equipment:

Financing enables businesses to obtain the latest technology and equipment, which can enhance productivity, efficiency, and competitiveness. It’s easier to upgrade or replace outdated equipment when you’re not tied to a large initial investment.

• Improved Budgeting and Planning:

With equipment financing, businesses can spread out the cost of equipment over a fixed period, leading to predictable monthly payments. This aids in better financial planning and budgeting, reducing the risk of unexpected expenses.

• Flexibility and Scalability:

Equipment financing offers flexibility in terms of lease and loan options. Businesses can choose terms that best fit their needs, and it also makes it easier to scale operations. As the business grows, additional equipment can be financed without straining cash reserves.

• Business Credit Score:

600 or higher

• Time in Business:

at least one to two years.

• Revenue and Cash Flow:

consistent revenue and positive cash flow

• Business Plan:

A solid business plan

• Financial Documents: 

tax returns, bank statements, balance sheets, and profit and loss statements.

Crystal business funding has one of the simplest application processes in the industry because we only ask for what we absolutely need:

• Business Name and Contact Information

• Business Structure

• Tax Identification Number (TIN)

• Financial Statements

• Tax Returns

• Bank Statements

• Equipment Information

• Description of Equipment

• Cost of Equipment

• Vendor Information

• Equipment Quotes/Invoices

• Purpose of Equipment

• Personal Credit Report

• Personal Financial Statement

• Additional Information

• Business Plan

• Collateral Information

• Legal Documents

• References