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
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