Patriot Capital News | C-Store & Gas Station Equipment Finance News
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...
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...
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
Can You Learn From McDonald's 2020 Concept?
McDonald's newest concept store employs a wide range of technology and customer engagement strategies to transform their traditional experience. Are some of these techniques strategies that can improve your sites customer experience, operating efficiency or average sale?Continue Reading...
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.
ATLANTA, GA – June 1, 2015 — Patriot Capital, a leader in innovative equipment financing solutions, has announced a financing program for Gilbarco® Encore® 700 dispensers starting at 1.9% for fuel retailers and C-store operators who wish to upgrade their dispenserContinue Reading...