PUT (Guaranteed Purchase Agreement)

Provides a guaranteed purchase price for the equipment at the end of term. You can choose a purchase price that is fixed at a certain dollar amount, or choose a range between a fixed minimum or maximum amount (Min-Max). This gives you a lot of control - the larger the Balloon payment, the lower the monthly payment.

First Amendment Lease

Gives you a purchase option at one or more defined points, with the requirement that you renew or continue the lease if the purchase option is not exercised. The option price is either a fixed price intended to approximate fair market value, or is defined as fair market value determined by appraisal and subject to a minimum to insure that Crest Capital's residual position will be covered. If the purchase option is not exercised, the lease is automatically renewed for a fixed term (typically 12 or 24 months) at a fixed rental intended to approximate fair rental value. You are not permitted to return the equipment on the option exercise date. If the lease is automatically renewed, at the expiration of that initial renewal term, you typically have the right to return the equipment without penalty, renew, or purchase at fair market value.

Operating Lease (Off-Balance Sheet Financing)

Meets the criteria established by the Financial Accounting Standard Board (FASB) and is available for equipment with a strong after-market value.

Step-Up Plans

Afford you lower payments early in the finance term, and higher payments later (e.g., $400 a month for the first year, $600 a month for year two, $1,000 a month for year three, and so on). Again, this allows the equipment to start generating revenue, while payments remain small in the beginning.

Seasonal Plans (aka "Skip-Payments")

Provide for no monthly payments during seasonal businesses' slow periods, matching payments with months when more cash is generated during the year. Think a golf course in the Northeast skipping golf cart payments in the winter.