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
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
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
What is A/R Financing?
Accounts Receivable Financing (“A/R”), or Factoring as it is also called, is a specific financing product that allows businesses to move to cash faster by selling the receivable to a finance company at a discount. At Patron West we have always maintained that our products and services have to have real economic value for our […]Read More
The Top 5 Joy Killers for Truckers
Trucking is all about living the dream. The open highway as your workplace, with scenic vistas instead of office walls. And if you’re an Owner/Operator or independent, you’re the boss: king or queen of that road. But there are pitfalls. Huge ones for Owner/Operators with expenses like fuel, tires, insurance, repairs, and the truck payments […]Read More