Recently, Synergy Merchant Services started funding a major chain of gas stations across the Maritimes in Eastern Canada. We were actually contacted by the primary corporate head office to discuss funding options for a forced technology upgrade that all of their stations would be required to complete by the end of 2008. Together, we developed funding packages that suited each…

Lock-Box/Trust Accounts/Pass Accounts This is where a merchant funding company requires merchants to open a new bank account in order to receive their funding. This account is controlled by the funding company until the advance has been repaid in full. Here's how it works. 1) You must have your processor deposit your daily batch outs to this new account that…

This client had been selling heavy farm equipment for 25 years but one of the biggest challenges was not in finding clients to buy his equipment, but more for his clients who needed to find the funding to purchase his equipment and could not afford to. Today, we are the official recommended source of financing for all his commercial clients…