Not only have you been in business for some time, but you’ve also had a long-standing relationship with your bank. It sounds like a recipe for success, right? It shouldn’t be all that difficult to be approved for a small…
What can your company do to maintain a good cash flow? We answered this question in our last blog. It suggested sending out your invoices immediately, asking your customers to pay early and carefully managing your inventory. But, we were…
In simple terms, a company’s cash flow refers to the amount of money it moves in and out. Is your company making more money than it is spending? If so, you are maintaining a good cash flow. Naturally, having even…
In our last blog, we listed some of the reasons why banks deny business loan applications of business owners. Among the reasons were bad credit scores and poor cash flow. And while there are many other reasons why business owners…
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…
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…
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…
Every company needs to have a good cash flow. It’s often referred to as the “lifeblood” of a business. “Cash flow” refers to the amount of money that comes into and out of your business. Are you earning more than…
For most business owners, 2020 is a year they’d rather forget. The coronavirus pandemic made it impossible to conduct business in a normal way. With so many stores having to close their doors for various periods of time, retail sales…
Long before the coronavirus pandemic was making it hard to run a small business in Canada, owners of such companies often sought ways to grow their brands. In many cases, their plans required some extra working capital. So off to…