There are many differences between business loans and merchant cash advances. Let’s begin with the fact that an advance is not borrowed money. As a result, there is no interest rate and no repayment schedule. Of course, that doesn’t mean…
All business owners require funding to grow their businesses. But not all business owners can get their hands on that much-needed extra working capital because they have bad credit. As well, some of them don’t have collateral to put on…
Being organized, detail-oriented and diligent are excellent character traits for a business owner. A person who crosses his/her t’s and dots his/her i’s is someone who is bound to be successful. After all, paying attention to detail helps individuals to…
It sounds a bit strange to say that the best part about receiving money is paying it back. But when it comes to Synergy Merchants’ unique merchant cash advance program, this is what many recipients will tell you. You see,…
Small business owners in Canada are faced with tough tasks when they attempt to secure business loans from their local banks. The fact that so many business owners have had their loan applications denied has become common knowledge amongst Canadian…
You’re a small business owner. You’re considering renovating, expanding or advertising. You need financing in order to implement any of these ideas. You decide to go to the bank. You’re asked to provide collateral, go through a credit check and…
Let’s be honest. We’d all love it if things came easy, wouldn’t we? Sure, many of us who have entrepreneurial spirits love a good challenge. It gives us that much more incentive to work hard, fight for what we want…
In our last blog, we began listing the various reasons that banks are prone to deny small and medium-sized business owners their requests for business loans. They include a lack of time operating the business, a lack of collateral and…
Small and medium-sized business owners all over Canada share a common interest: growing their businesses. They don’t necessarily want to be the owners of major corporations, but they do wish to see their start-ups turn into significant successes within their…
At Synergy Merchants, we have many years of experience working with business owners from all over Canada. Hardworking, determined, talented and even “visionaries” are just a few of the words that come to mind when thinking about the things that…