The question posed by the title of today’s blog is one that is often asked by entrepreneurs all over Canada. Far too many of them have found that going to the bank to secure a business loan is a much…
In many of our past blogs, we’ve pointed out the various reasons that small and medium-sized business owners have their business loan applications denied by their banks. As we pointed out in our last blog, a poor credit history is…
Here, at Synergy Merchants, we hear it all the time. Canadian business owners come to us explaining that their local banks (of which they’ve been customers for decades) have denied their loan applications and they can’t understand why. The truth…
“I’ll let you borrow my bike, but what are you going to let me borrow in return?” asked George. “How about my baseball glove?” Roger replied. “Your glove isn’t worth the same as my bike. No deal,” said George. The…
Canadian business owners who have taken advantage of the opportunity to get merchant cash advances are all aware of the many benefits that come with the alternative funding source. In addition to not having a repayment schedule and being able…
All business owners need money to grow their businesses. But, as most small business owners know, being approved for small business loans can be an incredibly difficult undertaking. Even if they are successfully approved for the money they need to…