Posts By: Crestmark Bank

The Five Cs of Credit

When the time comes to meet with a bank to consider whether or not you are eligible for a loan, there are five key factors that the bank will take into account in the process. These key factors are known as the 5 Cs of Credit and include Capital, Condition, Capacity, Collateral, and Character.  Each… Read more »

Protecting Your Business in Cyberspace

cyberspace security

Cybersecurity is constantly threatened. With our growing dependence on technology, you have to ask the question: Is my business taking the proper security measures to keep information safe for my customers and myself? As society operates in this digital age, technology has helped commerce become easier, automated, and organized. Online accounting systems, cloud-based data storage,… Read more »

Looking for Working Capital? We Can Help.

You need money to run your business. At times, you might find yourself a little short on reserves. As you know, things come up. A new employee is hired. A piece of equipment is added. Rent and warehousing bills are due. Business owners sometimes need a temporary boost to sustain these operations. A financially stable… Read more »

Regulatory Compliance Is a Constant (and Costly) Challenge for the Oil and Gas Industry

Just as it’s difficult to turn a large ship, it’s challenging for oil and gas companies to make adjustments to quick-changing industry-wide regulations. Every time they approach a turn, strategic remapping is required. Organizational costs can be considerable for petrochemical services companies that face continual regulatory revisions. Eighty percent of the domestic oil and gas… Read more »

Artificial Intelligence and Automated Staffing Are Here to Stay

The advancement of automation and artificial intelligence (AI) is not artificial at all. It is quite real. AI technology has been working behind the scenes to bring convenience and aid to many areas of our lives. Based on past choices, Netflix algorithms predict what movies we like. Expedia provides an expansive alternative to travel agents…. Read more »

Grab-and-Go Accents Illustrate Demand for Easy, Inexpensive Home Goods

Home goods

When shopping for furniture, bedding, rugs and home decor, modern customers want their items quick and they want them cheap. In general, shoppers aren’t visiting multiple showrooms to make comparisons before custom-ordering a room full of furniture and then waiting months for delivery. Today’s shoppers pick up occasional pieces and grab-and-go items like accent chairs… Read more »

Trucking Companies Build Agile Delivery Systems in the Age of Uber

Thanks to Amazon Prime and other door-to-door delivery services, the consumer’s general expectation is that orders should move ultra-quickly. The transportation and shipping industry is making necessary adjustments. In many ways, they are adjustments of scale. That is, trucking companies that are best equipped to deal with urgency may be the little ones—those with just… Read more »

Equipment Loan vs. Equipment Lease: What Makes Sense?

Getting the tools you need for business should not leave you cash-strapped. Equipment financing can equip your business for success by keeping working capital in your hands. Paying cash for a piece of machinery requires paying in full before the machinery is productive and able to contribute to your revenue. Whether you choose to finance… Read more »

Fair market value (FMV) lease vs. $1 buyout

Equipment costs money, and businesses need essential equipment. Leasing options allow you to spread payments over time and keep your cash in hand. According to the Equipment Leasing and Finance Association, nearly 8 in 10 businesses finance equipment, utilizing loans, leases and lines of credit. Equipment loans and lines of credit are an option for… Read more »

Asset-Based Lending vs. Factoring: What’s the Difference?

Small-business owners with non-traditional working conditions may also require non-traditional financing. Standard bank loans suffice for well-established companies with well-established revenues; but not all companies operate in a stable market. Consider someone in the staffing or apparel business who has cyclical periods based on the season; or a startup company with secured clients, but without… Read more »