Lauren Bradley No Comments

Trick or Treat?? What Loan Covenants You Don’t Know You’re Agreeing To…

At West Star Capital, we take a lot of pride in what we do.  We are customer service driven, we are blessed to work with some of the best people in their respective industries and we are approaching our 20th year in business.  One part of doing business with West Star Capital – is that our loans do not have any loan covenants, and this is extremely important to us and to YOU, our customer.

At West Star Capital, we take a lot of pride into what we do.  We are customer service driven, we are blessed to work with some of the best people in their respective industries and we are approaching our 20th year in business.  One part of doing business with West Star Capital – is that our loans do not have any loan covenants, and this is extremely important to us and to YOU, our customer.     

What does this mean? 

Unlike our Competition,

West Star Capital Equipment Loans do not:

  1. Take a lien on your home like the SBA (see June’s blog post for more information)
  2. Restrictive Dividends
  3. Require Maintenance of: Cash Flow Coverage, Working Capital, Minimum Net Worth of the Company, Limit on Capital Expenditures and Taking on Additional Debt!

Breaking any of the above could result in a default of your loan and place you and your business in a precarious position. 

DON’T HAVE A BALL AND CHAIN STRAPPED TO YOUR BUSINESS.

LET WEST STAR CAPITAL SET YOU FREE!

Lauren Bradley No Comments

The End of the Year is Approaching! Have You Squared Away Your Financing for 2018??

If there is one tip I we can give to our customer base this time of the year, it is:

If you are looking for funding towards the end of the year for one of your projects, start the process now!

Year end is one of banking’s busiest time of the year!  Waiting till the beginning or mid-December to request  an approval and fund a transaction prior to 12.31.2018, no matter the size, is equivalent to giving your accountant your tax paperwork on April 14th.

Think of this as your friendly reminder!

This is a fantastic time of the year to start re-assessing your goals and look into any future projects you may still have lined up.  If there are any future endeavors for 2018, try and give us a call, so we can shepherd your loan/transaction swiftly before the close of 2018.

Lauren Bradley No Comments

Watch a Great Business in Action and Enjoy a Great Meal at the Same Time!

Here are some new local spots we have had the pleasure of working with!!

West Star Capital is so proud to be working with some fantastic local businesses here on Long Island.  It is one thing to be part of a customer’s growth and expansion, but to have the opportunity to see it happen before our eyes is truly exciting!

If there is one thing about what we do at West Star Capital that I love, it’s that we get to meet people who love what they do for a living.  These businesses are their babies, and you can see the thought, love and care that is put into their businesses in the décor, the quality of the food and the happiness and attentiveness of their staff.

These local businesses are innovative and great at what they do! Take a look below and consider visiting them yourself!

The Shed, Huntington, NY

The Shed is located in Huntington, Long Island.  It opened fairly recently and it hasn’t taken long for the buzz to get around on this great establishment!  The Shed is not your average restaurant.  They serve Brunch, Lunch and Dinner and everything they serve is made from scratch!  What I happen to find extremely enjoyable is this is a great spot that can accommodate anyone in your party.  You can order delicious and fresh salads and bowls if you’re trying to stay light or if you’re feeling indulgent you can get an AMAZING burger! Of course we’ve sampled the delicious fare at this beautifully decorated day and nighttime spot, and the food is absolutely spot on.  The Burrata Toast is a delicious and light appetizer, the burger is perfectly seasoned using top quality meat and cooked to perfection and their bowls are not only healthy and a great Gluten Free option, but they’re delectably satisfying to your palate, too! And don’t forget to order one of their hand crafted cocktails – they’re absolutely delightful!

The Shed is located at 54 New Street, Huntington, NY.  You can visit their website intheshed.com where you can place an order online or view their menus.  They also have a very strong Social Media following!

Local Burger Co., Patchogue, NY

Local Burger Co., has taken “old school” principles and reinvented them for 2018! Local Burger’s mandate is to source local vendors for all of their foods and drinks, so that what you’re eating is not only delicious and fresh, but is supporting our local economy and local businesses.  It is a beautiful synergy that comes together deliciously for its customer base.  Remember when all the food you ate at a restaurant came from a local purveyor?  Yeah, me neither! Their menu has burgers (of course), hotdogs, BBQ, local wines, local beers, milkshakes, and it doesn’t stop there, there is a huge array of cocktails you can sample, too!  Definitely a spot that can satisfy a palate at any age!

The Local Burger Co. in Patchogue is located at 76 W Main Street in Patchogue.  You can find them online at www.localburgerco.com where you can order online and even get a listing of all the local suppliers they utilize.

I would like to take this moment out to thank The Shed and The Local Burger for giving West Star Capital the opportunity to work with operators , who love what they do and create a great atmosphere for fellow Long Islanders through décor, fresh & delicious food and wonderful experience!

Lauren Bradley No Comments

Are you taking advantage of our 7 Year Term Programs??

Are you taking advantage of our 7 Year Term Programs??

Give us a call or shoot me an e-mail: LAUREN@weststarcapital.com and I can go over all we have to offer! Under most circumstances our customers used to go the 5 year route.  Now, that is changing – having the option to go seven years is a convenient and easy way to improve cash flow due to the reduced monthly payment from the longer term, especially for the new locations in your group.  This mostly works well for our Multi Unit Franchisees, Hospitality and Fitness Industry clientele.
  • 7 Year Terms
  • Interest Only for initial months
  • Absolutely NO Covenants!
  • Family owned and operated since 1999
   
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Welcome to the West Star Team!

West Star Capital a is pleased to announce and welcome Daniel Ahearn as Vice President of Business Development and Sales.  Daniel will be responsible for the leadership of the West Star Capital sales team, developing new business opportunities and creating customized solutions to customer needs.     Daniel  is a well-known figure in the industry with years of experience via his affiliation with Chase Bank. In addition, Daniel has a proven record of facilitating long term business relationships with both customers and industry luminaries.  His strong winning attitude and personality are assets that will complement and enhance West Star Capital’s ability to meet the needs of our customers as we continue to provide quality, personalized customer service.   You can reach Daniel Ahearn directly at 631.740.4142 or via e-mail at dan@weststarcapital.com   About West Star Capital   West Star Capital offers competitive, multi-tiered financing programs with a specific focus on the commercial business sector and franchise finance. We can accommodate loans from $150,000 to $10,000,000 including: commercial loans, lines of credit and commercial mortgages. We also have an expertise in lending to a myriad of industries including: health clubs, the automotive industry, hospitality industry, medical, manufacturing, construction, recycling and more.
Lauren Bradley No Comments

Happy Independence Day!


  West Star Capital wishes you and yours a very happy and healthy celebration of Independence Day with your family and friends!
Lauren Bradley 2 Comments

Pros & Cons to SBA Lending

Pros & Cons to SBA Lending

          Why they can be your Super Hero and…   Why sometimes you need a Super Hero (West Star 😉 ) to get out of them!   Read more