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…

I had a client contact me a year ago with a BIG need for money. He had gone to the bank and a few other sources to try and get the money he needed without success. He then contacted Synergy Merchant Services to discuss our Merchant Cash Advance program. At the time, his company was not accepting Visa, MasterCard or…