3 Reasons Leasing Is a Hedge Against Inflation
Regarding commodity prices, all signs are pointing up and this inflation presents several challenges for businesses. Aggressive government money printing, historically low interest rates and supply chain issues all mix with pent-up consumer demand caused by shutdowns to set the stage for a bumpy short to medium term road ahead. For example, consider the purchase […]Read More
Getting Capital Faster in the coming Boomerang Market
From depressed resource prices to COVID the market in many areas has been in a suspended and even suppressed state. This has not been the case in all industry sectors but enough to make a negative impact on growth across the country. Early and positive signs however are signaling a change in the opposite direction […]Read More
Never Too Late to Love your Business
There is a sad but true story happening all over Canada this Valentine’s season and that is the story of bankers breaking up with their clients. Broken dreams, confusion, denial, anger, and frustration are the range of emotions business owners can feel after being declined for a needed loan or when lines of credit are […]Read More
Get your credit working for you.
Too often we see business owners applying to get financing where the terms and rates offered by the lenders do not totally match their expectations. This mismatch can be the result of the age or type of equipment however more commonly the results are due to credit related issues such as a poor credit score, […]Read More
Focusing on interest rate may be killing your profits
As a business owner at some point you will be faced with the decision to either take on more debt or restructure the debt in place. Your sales might be growing or slowing but either way there exists an opportunity (perhaps need) to use debt to shore up your cash flow. Whether you choose to […]Read More
4 Reasons Leasing could turn your business around during COVID.
Businesses in Canada are clearly experiencing a great deal of stress and uncertainty in the face of COVID-19. Operational uncertainty, lower revenues and even shutdowns have created a cashflow nightmare for businesses both large and small. The negative effects of the pandemic not only impact a business’s ability to make money, but also their ability […]Read More
4 Tips to Buying Used Equipment and Avoid Someone Else’s Problem.
When you need equipment to earn revenue in your business, new equipment is not always an option or necessary. On top of a better price, make sure you consider the following when purchasing used equipment, so you do not waste your time or money: 1. Make a checklist to make sure you get what you […]Read More
Good News for professional drivers looking to buy their first truck.
If you have been a professional driver now for at least 2-3 years, you may be excited at the opportunity to start your own business as an Owner/Operator with your own truck. The good news is that Patron West has helped men and women just like you, across the country, purchase their first truck! Before […]Read More
Is Refinancing Right for Your Business?
For some business owners, the thought of refinancing debt can feel like a defeat or last resort. The simple reality is that refinancing can be a life saver in the right situation; adding real cash back into the business monthly, instantly taking pressure of cashflow, and not to mention, personal stress for the owner. In […]Read More