Patriot Capital Industry News
Does Trump's Tax Plan Mean Higher Costs for C-Stores?
President Trump has announced one of the largest tax cuts tin history. The changes will impact most American businesses, including convenience stores.
The planned reduction of taxes proposed for “for corporations, small businesses and partnerships of all sizes” is the headline story. At the same time, the maximum personal income tax rate is proposed to be 35 percent and the number of personal tax rates would drop from seven tiers to three (35 percent, 25 percent, 10 percent).Continue Reading...
Fed Increases Interest Rate, Two More Increases Expected in 2017
Citing continued economic growth nationwide, the Federal Open Market Committee (FOMC) voted unanimously to increase rates by a quarter of one percentage point. The committee also announced it expects to increase the interest rate two more times in 2017.
"The economy continues to expand at a moderate pace," Fed Chair Janet Yellen said at a press conference on March 15. "Solid income gains and relatively high levels of consumer sentiment and wealth have supported household spending growth. Business investment, which was soft for much of last year, has firmed somewhat, and business sentiment is at favorable levels. Overall, we continue to expect that the economy will expand at a moderate pace over the next few years."Continue Reading...
Washington D.C. – March 24, 2017 -- Petroleum Marketers Association of America (PMAA) announced today that their members selected Patriot Capital as the nation's best equipment financing company. This honor represents the third consecutive year that Patriot Capital has been chosen by the national organization.Continue Reading...
Eight Most Common Reasons Equipment Financing is Used
Nearly 80% of U.S. businesses finance or lease equipment, according to a report from the Equipment Leasing and Finance Association (ELFA).
The eight primary reasons businesses chose equipment financing are highlighted in this infographic.
The most common reason is the ability to finance 100 percent of equipment and related costs, saving cash-on-hand for other expenses.Continue Reading...
C-Store Chains Add New Designs, Larger Stores in 2016
Innovative store design and increasing square-footage were key trends in 2016, according to a recent article in CSP Daily.[New Food Service Options.
7-Eleven, Miller Oil Company, Rutter's [New Food Service Options] Farm Stores and Maverik introduced new store designs that focus on made-to-order food service, expanded grocery offerings and larger inventory. Store sizes have grown from the historic 2,400-square-foot format to more than 5,000 square feet. Distinctive architecture styles are increasingly popular; some chains have lowered their display heights to offer customers an unobstructed view across the store, while others have added restaurant-style seating and made-to-order food service to attract more customers inside.
Pump EMV Liability Postponed - What Should You Do?
There was a collective sigh of relief on Dec.1, when VISA and MasterCard announced a delay in the forecourt gas pump liability date, moving it from 2017 to 2020. Most likely, there was also a smile in some boardrooms, as retailers who have already invested see an opportunity.
Fuel retailers need to decide if this means they should wait ,or upgrade as they had planned in 2017. The decision extends beyond fraud liability, and includes factors such as customer preference, the cost of waiting, and potential earlier liability for some sites.Continue Reading...
What The Proposed Federal Tax Changes Could Mean To Your Business - And How To Win In 2016
There is a lot of press about the potential for business tax rates to be lower as part of the new administration in Washington D.C..
Although there still is a lot of speculation about what will happen, and when, one thing is certain: if tax rates are lowered, the value of capital-goods depreciation will be reduced. This means that the actual net after-tax cost of capital equipment to businesses will be increased.
Interest Rates Forecast To Rise In December
The consensus opinion is that U.S. central bankers will hold interest rates until after the November election, with an increase expected "relatively soon." This points to an increase at the Fed's December meeting.
An advantage of equipment financing is that interest rates are fixed, not variable, for the full length of the agreement. For more information, read this story from Bloomberg