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
4 Secrets to Scale Up Fast (and Avoid Financing Disasters)
Things are becoming exciting in the business world again. It’s been years since many of us have seen a similar level of confidence in the economy, particularly in energy-related sectors—and lately pretty much everywhere. And despite lingering uncertainty on global, national and provincial levels, investment and growth continue to track upward. No question momentum is […]Read More
A Network Versus a Sole Source
Leverage Our Network to Improve Your Approval Rate The process is familiar and repeated. Your business needs debt capital and you first go to your chosen source at one lender, usually your bank or credit union. At the end of a longer than necessary process and repeated back and forth questions and requests there is […]Read More
Diversifying Your Debt
Diversification is a risk management technique to reduce volatility, produce stable returns and deliver a higher net benefit. A diversified capital pool will have a cost that lies between single source debt capital and opportunity cost. The opportunity cost is the lost revenue from being unable to operate due to a lack of capital. Most […]Read More
It’s not you, it’s your business. Don’t Take it personally.
How do you not take it personally? It’s your business and you have put all that you have into it. With each milestone, success and at times failure, your business and you have been indistinguishable. But, when it comes time to make decisions, decisions that will determine the future of the business, it might be […]Read More
I Love When a Plan Comes Together
Being more successful than you anticipated is a great feeling. Coming up short when you didn’t expect to isn’t as enjoyable. Both are warning signs to potential financing and investment partners. You shouldn’t be expected to predict the future but you should have a strong plan and be ready to back it up. At the […]Read More
5 Essential Documents for Getting the Capital Your Business Needs
Do you find the financing process frustrating? It takes too long, you’re asked for things repeatedly and there is a non-stop stream of questions. It’s a process that can create stress and anxiety. What you need is the capital when you need it. You know what to do to win a customer’s business. Build relationships, […]Read More