Patriot Capital News | C-Store & Gas Station Equipment Finance News

October 2017 Patriot Capital Industry News

Just because it's fall does not mean it is not too early to think about April. Optimization of your taxes requires advanced planning that can yield big savings. Both Section 179 and bonus depreciation are forms of "accelerated depreciation" and allow you to recoup all or a significant portion of an asset's depreciation int he first year of the equipment's use. 

Act by December 31, 2017 to take advantage of these deductions. 

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Technology Incentives Helps C-Stores Achieve EMV

GREENSBORO, N.C. – August 24, 2017 – Gilbarco Veeder-Root and Patriot Capital have announced a limited time incentive program to help C-store operators upgrade their sites.  The program offers convenience store retailers incentives of up to $13,000 per site. 

“We are excited to offer retailers the opportunity to achieve three objectives – growing their profits, improving protection of payment information and the security of their fuel,” said Mark Williams, Vice President of Marketing, Gilbarco Veeder-Root. “Improving a customer’s fueling experience and marketing helps drive both gallons and in-store sales.” 

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September 2017 Patriot Capital Industry News

Quick Trips Make Up More Than Half of All Shopping Trips

As retail continues to evolve, C-Stores are well positioned to meet emerging customer needs. Having a convenient location, combined with the proper selection of 'fill-in' items, can drive extra profit.

This story from Convenience Store News highlights key insights into how you can maximize this opportunity.

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August 2017 Patriot Capital Industry News

Patriot Capital's Why Wait program allows you to upgrade your site this summer, and have no interest or principal payments until 2018. The program applies to all C-Store and fueling equipment, including gas pumps and underground storage tank (UST) upgrades. The promotion applies to all brands of equipment, installation, shipping and taxes for upgrades and new sites ordered by Nov. 30, 2017.

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Patriot Capital announces "Why Wait" Financing Promotion

Patriot Capital has launched a program designed to allow convenience store operators the ability to upgrade fueling and convenience store equipment this summer, with no interest or payments until 2018.

The program has been launched in recognition of the desires of convenience store owners to improve their customers’ experience and lower operating costs. Upgrades that many convenience stores are investing in include new EMV gas pumps and underground storage tank (UST) upgrades to meet current EPA regulations. 

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July 2017 Industry News from Patriot Capital

The first EMV chip transactions have now occurred in the U.S. Kamlesh Patel, owner of 49 Fuels, stated that since "our dispensers were already EMV-ready, turning on EMV at the dispenser just required a simple Passport software upgrade." 

Industry research suggests that up to half of the gallons pumped in the U.S. in 2018 will be from EMV enabled dispensers – dispensers that have EMV hardware installed and need only a POS or minor dispenser upgrade.

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June 2017 Industry News from Patriot Capital

Dispenser and POS Companies See the Future - In the Cloud

Over the past several weeks, GilbarcoWayne FuelingConexxus and Verifone have held their annual user meetings. One of the objectives of these meetings is to provide customers with a glimpse into near term, and not so near term, products.

Here are some of the key trends that were discussed at these meetings:

  • Autonomous and connected cars. 
  • Millennials. 
  • The Cloud. 
  • EMV and Payment Security. 
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