C-Store Equipment Financing News | Fueling Station Financing News

September 2016 Industry News From Patriot Capital

Act Quickly to Benefit From Section 179 Tax Savings in 2016

Fuel retailers, jobbers and C-stores need to consider taking action in September to take advantage of potentially significant tax savings in the 2016 tax year. Capturing these tax savings will positively impact cash flow, providing funds that can be invested to help grow your business.  

To benefit from Section 179 in 2016, equipment must be installed and in service by December 31, 2016.

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August 2016 Industry News from Patriot Capital

Can "Pokemon Go" Increase Your C-Store Traffic? 

Within a week of its release, the  “Pokemon Go” app became the most popular game in smartphone history. The game places animated characters in real locations and lures players to these places. Consultant Brian Roemmele states, “I have urged thousands of small businesses to utilize this opportunity while it continues to gain momentum.” 

 

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June 2016 Industry News From Patriot Capital

What we learned from Conexxus Conexxus dedicated to the development and implementation of standards, technologies, innovation and advocacy for the convenience store and petroleum market. We had the opportunity to learn from Conexxus committee chairs, Kara Gunderson, CITGO Petroleum and Mark Carol, EchoSat, during their recent presentation.

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Patriot Capital Expands National Sales Force

In response to continued growth throughout the industry and to support fuel retailers and C-stores in achieving the EMV shift before the October, 2017, deadline, Patriot Capital has added three experienced equipment financing experts to its national sales team.

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Tax Benefits are Available for LED Lighting Installation at C-Stores

In December, 2015, President Obama and the Senate approved legislation that provides convenience store owners, jobbers, and other small businesses with several significant tax benefits. These tax incentives enable those making site improvements through the installation of LED lighting to capture Section 179 benefits in 2016.

By signing the “The Protecting Americans from Tax Hikes Act of 2015,” President Obama extended or made permanent several modifications to Section 179 of the tax code—benefits that already have helped fuel marketers capture significant accelerated depreciation for capital improvements and gas pump (dispenser) purchases. These benefits extend to the installation of LED lighting, a capital improvement that can pay for itself in less than three years through energy savings of more than 75 percent over incandescent lighting, according to a recent case study by LSI Industries, a leader in the manufacture and sales of LED lighting fixtures for convenience retail.

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