Finance Minister Jim Flaherty Warns Of Credit Crisis

The spill-over from the financial crisis that started in the United States could soon make it tougher for Canadian business owners and corporations to borrow cash from their traditional sources, Finance Minister Jim Flaherty warned this week.

Flaherty told a news conference the credit crunch has gotten worse in the last few days and will have “real consequences” for Canadian companies that need the working capital for their businesses greatest needs.

“This is a very serious situation in terms of credit,” Flaherty said. “The credit crunch has gotten tighter . . . it has grown into most economies in the world now.”

In preparation for an influx of inquires about alternative funding options by Canadian business owners, Synergy Merchant Services is taking measures to ensure the same level of fast and easy merchant cash advances.

Synergy Merchant Services is Canada’s largest merchant cash advance company which maximizes funding options to all Canadian business owners. For this reason business owners can receive advances up to $150,000 per business location regardless of credit score or history and the financial status of your company.