Navigate Up
Sign In

All revved up and ready to grow!

Posted on: October 16, 2015 | Author: ATB Business & Agriculture

Rob Reeves isn't afraid to admit that he didn't know exactly what he was doing when he took over Castrol Raceway with a group of partners 18 years ago.

“I went from racing cars to all of a sudden running a racetrack,” recalls Rob.

Today, the partners are all gone and Rob presides over a racetrack that features a road course, drag strip and oval, along with a motocross course and drift pad. Castrol Raceway hosts some 260,000 racing fans each year and employs 12 full-time and 100 part-time staff during racing season.

But it’s taken a ton of work to get there.

“We always want to make it bigger, better,” says Rob.

“Cash flow is probably the biggest hurdle we have. Every dime we make here we put right back into this facility and that way it grows every year.”

Ultimately Rob loves what he does. He’s driven by a passion for racing which he shares with the community that rallies around Castrol.

“The thing I wish I would have known when I first started is how passionate people are about this sport,” says Rob.

“I didn’t realize that it would grow like it did, I would have maybe changed a few things that way. Maybe that road course would have been built fifteen years ago instead of three years ago.”

When you dream big and continually grow your operation, it’s imperative to have a banker who shares your passion. Rob has had a close connection with ATB since purchasing the track back in 1998.

“They have been very good. They know me, they know my business, and they come out and participate in my business,” says Rob.

“I have probably one of the best bank reps that anyone could have.”

It's that kind of support that has helped Rob grow out of that feeling that he didn't know what he was doing. And grow his business in the meantime.

Hear more from Rob in his We Grow Alberta videos.

Watch now

Gerry Wood: A legacy of entrepreneurial spirit and generosity
November 03, 2017

Gerry Wood: A legacy of entrepreneurial spirit and generosity

What makes this Calgary Business Hall of Famer tick.

A 26-year financial services veteran’s perspective on cash flow
October 19, 2017

A 26-year financial services veteran’s perspective on cash flow

Learning how to manage cash flow is a crucial milestone on the road to success.

ATB Entrepreneur Centres
August 31, 2017

ATB Entrepreneur Centres

Within these innovative branches are teams dedicated to helping manage the complex financial needs of entrepreneurs.

Amplifying manufacturing in Alberta
March 06, 2017

Amplifying manufacturing in Alberta

ATB recently launched an initiative to help Alberta’s manufacturing sector access international markets.

Tracking trends in venture capital and private equity
June 30, 2016

Tracking trends in venture capital and private equity

ATB's managing director of M&A Advisory Services shares highlights from the CVCA's annual conference.

Why we should hire like we date: The key to proactive recruitment
June 20, 2016

Why we should hire like we date: The key to proactive recruitment

When a company and a job seeker find themselves connecting and it goes well, it can be bliss.

Help grow & diversify Alberta’s economy through crowdlending
May 23, 2016

Help grow & diversify Alberta’s economy through crowdlending

ATB LendR is actively looking for its first group of Founding LendRs ready to support Alberta's entrepreneurs.

Introducing ATB M&A Advisory Services
May 17, 2016

Introducing ATB M&A Advisory Services

This team of professionals will be a key part of our new engaged client model.

What do I need to open a business bank account?
June 30, 2017

What do I need to open a business bank account?

Here’s a guide explaining what you’ll need to open an account at ATB, depending on the type of business you have.

1-855-941-4912

Start the conversation with an ATB Business Expert

GlassdooreSSENTIAL Accessibility™Diversity and InclusionATB Listens

About ATB | Contact Us | Find a Branch or ABM | Current Rates | Privacy and Security | Legal | Code of Conduct | Site Map | Vendor Resources

2017 ATB Financial. All rights reserved. ®ATB Financial is a trade name/registered trademark of Alberta Treasury Branches.

ATB Financial