With the New Year quickly approaching, Crestmark Bank will finalize the transition of TIP Capital to Crestmark Equipment Finance by aligning the leasing company’s operations, website and social media networks into the corporate brand by year end. TIP Capital was acquired by Crestmark in October 2014.
As the equipment leasing division of Crestmark, CEF’s commercial and municipal customers can leverage a whole new portfolio of financial solutions for working capital such as asset-based lending, accounts receivable financing, business lines of credit, discounted and traditional factoring, SBA loans, and competitive rate, FDIC-insured Certificates of Deposit.
The alignment under the Crestmark footprint also opens up additional equipment leasing services for current commercial banking customers in industries such as transportation, manufacturing, apparel, furniture, oil and gas, hospitality and staffing.
Crestmark Equipment Finance offers vendor-neutral equipment leases that allow business customers to acquire equipment through fixed payment financing without a large amount of upfront capital required. CEF helps customers determine if a standard leasing buyout option (Fair Market Value, $1 Buyout) or a specialized financing program (leaseline) best services their IT and technology needs – and provides protection against equipment obsolescence.
We also focus on developing long-term business relationships with customers. CEF provides assistance throughout the lease term with online asset management tracking and reporting through our proprietary assetCONNECT® portal, and complete end of lease servicing expertise when equipment approaches the end of the lease term.
As TIP Capital completes its transition to Crestmark Equipment Finance on December 14, we encourage current customers and prospective equipment leasing customers to learn more about Crestmark by visiting www.crestmark.com or following Crestmark on Facebook and LinkedIn social media sites.