One of the greatest benefits with working with Synergy Merchant Services is the knowledge that we have your best interests at heart. Business owners all over Canada do, at some point, look towards attaining extra capital to help grow their businesses. Synergy is in business to just that. We work to not just provide the necessary cash, but to assist Canadian businesses in growing.
We have been very frank with our clients throughout the past few years. If you are in need of money to pay off creditors, escape bankruptcy or simply stay afloat within your industry, our merchant cash advance program is not for you. Although it is not a steadfast requirement to inform our funding specialists about what your plans are for your cash advance, it is important to us to know that you will be using it wisely.
Why would we care, you ask? Well, it’s simple. Firstly, we want to ensure that our clients are happy. Clearly, if the money we provide is useful and sees a company gain greater profits over time, the owner will be more likely to continue with our business relationship. Secondly, we obviously want to ensure that we put ourselves in a position to have the merchant cash advance be paid back.
It would only be a disservice to provide working capital to a business that is practically ready to close its doors. Not only would it add an additional burden to the struggling company to make payments but it presents a great risk to us. Unlike with bank loans, the majority of the risk involved is placed on the shoulders of the merchant funder.
Some of the greatest aspects of our program is that we never ask our clients for collateral, liens or a credit check. So the customer is practically required to put nothing on the line. Another amazing element of our program is that there is no fixed repayment schedule guaranteeing that no client of ours could ever technically be late with a payment.
Since payments are made through a small percentage of a business’ future credit and debit sales, we ensure that no payment is ever unaffordable. We literally only get paid when the merchant is paid first. If the merchant does not make a sale, we do not receive a payment. It’s that simple.
So of course we want our clients to be prosperous. A healthy and growing business is positive news for all parties involved. Especially with the new decade approaching, we believe that this is an opportune time for business owners to think about growing and expanding their businesses to become leaders in the marketplace with the changing times.
A story that recently went around the Synergy Merchant Services office raised the notion of what makes doing business worthwhile. It can be summed up, so the story goes, by five letters that are similar to a radio station’s call letters. They are “WIIFM”. Apparently, everyone is listening to this station.
They stand for “What’s In It For Me?”. When you can answer this question, ensuring that all parties involved are satisfied, you can’t go wrong. This is one of our credos at Synergy. Perhaps it’s time we do business with you.