This particular client truly represented one of the most classic fits for a merchant cash advance. He had started his business at the beginning of last year and had an excellent summer and fall for pool openings and pool closures. Naturally, the winter was not quite as successful. As expected, business was substantially slower than the previous season. After the…

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…