3 Simple Steps To Getting Funding For Your Business In 2020

Now that 2020 is here, you likely have some plans to take your business to the next level. You might not want to call it a “New Year’s Resolution”…but it is. And there’s nothing wrong with that! Synergy Merchants can help you break the stigma of having broken your resolution by ensuring you get the funding for your business plans. Our unique merchant cash advance program makes it easier than you may think to get the money you need.

You see, unlike when you apply for a bank loan, you don’t have to worry about a credit check, putting up any collateral or creating a long and detailed business plan. When you get a merchant cash advance, you’re not borrowing any money. You’re receiving an advance on your future credit card and debit card transactions. The money is yours to do with as you wish. So what’s your first step?

Step #1: Get a free, no obligation quote.

It doesn’t hurt to find out how much your company qualifies for. Our licensed funding specialists offer any and all Canadian business owners free, no obligation quotes. All that is required, on your part, is to submit a few monthly statements that show your store’s credit card and debit card transactions.

By determining the average amount of your monthly sales, our specialists can provide you with a quote that includes the total amount of the advance you’re approved for and the one-time fee associated with it.

Step #2: Decide how much of a cash advance you’d like.

You don’t have to accept the total amount you’re approved for. You’re absolutely at liberty to request a smaller amount. By doing so, your one-time fee will be lowered as well. Keep in mind that the one-time fee is not an interest rate. It will not accrue on your balance over time. The fee is simply added to the advance amount to determine the total amount that you will be required to pay back.

You also have no repayment schedule! This is often considered the best part of our program. Payments are made automatically through a small percentage of your future credit card and debit card transactions. That way, there is no possible way to be late with a payment. When sales are good, payments are made quicker. When sales are slow, payments are made slower. Our program works at the pace of your business.

Step #3: Accept the merchant cash advance and grow your business!

It may seem like the process is far too quick and easy…but it is! Generally within 24 hours, you will have received your merchant cash advance to do with as you please. Many of our clients choose to use their advances to advertise, renovate or expand their businesses. The key, of course, is to put the money towards an initiative that will foster growth for your brand.

If you have any questions about our unique merchant cash advance program, or you would like to get yourself a free, no obligation quote, please don’t hesitate to call Synergy Merchants at 1-877-718-2026 or email us at info@synergymerchants.com. You can also apply online!