I am writing you today to provide some guidance on the impact of the ongoing financial crisis on the Canadian Merchant Funding business in general & specifically to Synergy Merchant Services. The most notable changes in our marketplace are as follows. Canadian Market: The tightening of the credit markets across Canada has forced the big banks to limit the number…

The Toronto stock market plummets more than 1,000 points, Monday, on continued panic over global economic slide, but it has come back to a 700-point loss, and climbed back above 10,000 points. Unfortunately, a credit crunch seems imminent for most major lenders. Rest assured, however, that Synergy Merchant Services is still a viable option to attain extra capital for your…

Are you worried about the instability in the American banking & lending melt down, foreclosures and the long list of banks closing their doors? We're not immune up here in Canada. Well we are and we aren't. Allow me explain. When the USA gets sick, Canada usually gets a cold. Canadian banks have massive national networks whereas American banks are mostly…