This just in: Canada is in a recession. In fact, nearly two months ago, The Toronto Star Business Reporter, Rita Trichur wrote that "Statistics Canada confirmed (that) the economy contracted at an annualized rate of 5.4 per cent in the…

As we all know, Canada is gearing up to welcome back the Winter Olympic Games this coming February. Vancouver and Whistler, B.C. are set to co-host the international sporting event which - as mentioned in the Synergy Merchant Services Blog…

One of the most common phrases we hear from our clients at Synergy Merchant Services is "my bank turned me down". Ironically, many business owners throughout Canada who have long developed relationships with financial institutions find that they are not…

For the first time since 1988, Canada will be hosting the Winter Olympic Games once again in 2010. Taking place in Vancouver, British Columbia (and sharing some of the festivities with nearby Whistler), the Winter Olympics always mark an exciting…

As discussed previously on the Synergy Merchant Services Blog, most businesses could be considered “seasonal”. The many business owners that we have developed relationships with over the past several years have all communicated that their businesses do experience high and…

This week, we have been taking a look at some of the most common myths and misconceptions about merchant cash advances. While this alternative source of business financing is growing in popularity, there is still some confusion over exactly how…

With the status of today's tumultuous financial climate, it has become commonplace to find that business owners across Canada are hesitant to become involved in any type of "increased debt". This interestingly has been communicated to Synergy Merchant Services on…

Merchant cash advances are proving to be valuable sources of alternative financing for all types of businesses throughout Canada. Of course, with so many different business types, the uses of each cash advance varies. While some companies look to open…

It would not be far-fetched to say that most businesses are seasonal. With the exception of certain essential year-round necessities like food and gas, companies that offer other products and services generally experience high and low seasons. Over the past…

Over the past few years, merchant cash advances have become known as a "saving grace" of sorts for small to medium-sized businesses. As banks continue to make their lending policies increasingly restricting, businesses owners in Canada are becoming more aware…