Entrepreneurs all over Canada have faced the grim realities that their banks don’t have their backs like they thought they did. Having a business loan application denied may feel like the end of the world – but it isn’t. With…
Small and medium-sized business (SMB) owners all over Canada have dreams of growing their businesses into larger enterprises. Even if the dreams aren’t about becoming the owners of major corporations, they all seek to grow their respective companies. We all…
Your company’s cash flow is represented by the money that “flows” in and out of the business. The term refers to the comparison between how much money your business is making and how much it spends. Naturally, it’s vital that…
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…