Finance Application

Crest Capital Finance

Symco Group has partnered with Crest Capital Equipment Finance "Crest Capital" to provide a "hassle free" confidential solution to your equipment financing requirements. Now you don't have to let cash flow restrict your business growth.

It's easy too. After working with your Symco Group Account Executive to identify the solution(s) for your business, you have the option of financing your purchase up to $150,000 with approved credit from Symco Group.

Choose a term between 24 and 72 months and finance (new or refurbished) equipment and even software between $5,000 and $150,000. Approvals are issued virtually instantaneously, and Crest Capital can provide the funding within 24 hours.

Basic Structures Include:

EFA (Equipment Finance Agreement) is essentially a loan offering a fixed monthly payment that does not fluctuate with increases by the Federal Reserve. You own the equipment and Crest Capital releases their security interest at the end of the finance term. No blanket liens or compensating balances like a typical bank loan.

$1 Purchase Option (commonly referred to as a lease-purchase) offers a fixed monthly payment and you own the equipment at the end of the lease term for $1.

10% Purchase Option offers a fixed monthly payment as well as a fixed purchase option. Your end-of-lease options are to purchase the equipment at 10% of its original cost, renew the lease, or return the equipment to Crest.

FMV (Fair Market Value) Purchase Option offers the lowest fixed monthly payment, and payments are usually 100% tax deductible. At the end of the lease, you can purchase the equipment at fair market value, renew the lease, or return the equipment to Crest.

PUT (Guaranteed Purchase Agreement) provides a guaranteed purchase price for the equipment at the end of the term. You can choose a purchase price that is fixed at a certain dollar amount, or choose a range between a fixed minimum and maximum amount (Min-Max). The larger the Balloon payment, the lower the monthly payment.

The baisc structures can be combined with the following plans:

Master agreements allows additional equipment schedules to be added in the future, functioning as an Equipment Line of Credit.

Deferred Plans allow you to get equipment and software now without making payments for up to six months while the benefits of the equipment kick-in. Common deferral periods to choose from are 30, 60, 90, and 180- day periods.

Step-Up Plans afford you lower payments early in the finance term and higher payments later. One of Crest's most popular programs requires only $100 at signing and $100 monthly payments for the first 6 months.

Seasonal Plans (Skip-Payments) provide for no monthly payments during seasonal businesses' slow periods, matching payments with months when cash is generated during the year.

Other structures are available. Crest Capital routinely accommodates Progress Payment requirements as well as other funding specifications to facilitate smooth transactions between buyers and sellers.