With 2022 just a few days away, the Synergy Merchants team would like to take this opportunity to wish everyone a very happy new year! Here’s hoping that 2022 is your most prosperous year yet. This wish especially goes out…
In our last blog, we detailed some of the pitfalls of having a low credit score. Among them was the fact that it’s hard to secure a business loan from a bank. In fact, for many would-be business owners, starting…
Your credit score determines your worth. Sounds harsh, doesn’t it? Of course, a credit score has nothing to do with your quality as a human being. However, as far as financial lenders are concerned, it has everything to do with…
Your credit score says a lot about you. Well, actually it really doesn’t. But, as far as financial institutions are concerned, your credit score counts for a lot. To lenders, your credit score is a literal measurement of your trustworthiness.…
Last week, the Synergy Merchants Blog revisited the topic of business loans. We didn’t do just that, of course. We highlighted a few reasons that business owners should opt for merchant cash advances instead of a bank’s traditional source of…
As a business owner, you have likely come up with countless ways to grow your company. Have you considered renovating your business? Do you wish to expand? Are you interested in introducing a new product line? Do you have an…
In our last blog, we revisited the topic of business loan rejections and listed a few of the reasons so many business owners have endured them. Among the reasons banks reject loan applications are applicants not having enough collateral, having…
Are you a Canadian business owner who would love nothing more than to grow your business? Have you ever applied for a business loan? Did your bank turn you down? For far too many entrepreneurs across Canada, the succession of…
The title of today’s blog is a question that many a Canadian business owner has asked. All over this great nation of ours are entrepreneurs who want nothing more than to grow their businesses. However, after visits to banks, they…
Dear Canadian business owners, the Synergy Merchants team knows you’re concerned about the state of your business. Thanks to the pandemic, your sales have likely dipped over the past year. If you’re in need of some extra working capital to…