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How Do Merchant Cash Advances Make Life Easy?

Let’s be honest. We’d all love it if things came easy, wouldn’t we? Sure, many of us who have entrepreneurial spirits love a good challenge. It gives us that much more incentive to work hard, fight for what we want and feel incredibly fulfilled once we’ve succeeded. However, there are certainly those times when those challenges bring about unwanted frustration. This is especially true when it comes to securing financing for your small business.

Small business owners all across Canada know all too well just how difficult it is to secure money from their banks. The money-borrowing game is typically a long and drawn-out process that usually ends in disappointment. With so many requirements, it is often tough for small business owners to meet them all. Those requirements only begin with collateral and credit checks. This is why merchant cash advances have become such a viable alternative option.

Merchant cash advances make life so much easier! As Adam Russell points out on, a merchant cash advance is easy to apply for and has a simple collection process. “Since the merchant cash advance is extended using simple criteria such as monthly credit card receipts, businesses do not have to go through a rigorous credit profile evaluation,” he informs.

What are the key benefits of merchant cash advances? One of the key benefits that Russell lists is the fact that no credit checks or collateral are necessary when applying for a merchant cash advance. This is because the money isn’t being borrowed. A merchant cash advance is a purchase of future credit card and debit card sales – it is not a loan. “A merchant does not have to present any collateral against the cash advance, unlike with traditional loans,” explains Russell.

As well, there is a very high approval rate. At Synergy Merchants, we’re not in the business of turning down businesses that have bad credit. They simply need to show that they are processing credit and debit sales each month. “A business with positive cash flows and robust business performance does not have to worry about approval roadblocks as the advances are made almost instantly to stable businesses,” Russell assures.

What is the best part about merchant cash advances? This answer to this question is debatable, as there are many great aspects about this funding option. However, our clients seem to really like the repayment process. It couldn’t be easier! Our clients don’t have to lift a finger to make payments. They are made automatically through each credit card and debit card transaction. A small percentage is taken with each sale.

That way, there is no payment schedule. We work specifically with each business to get paid only when they get paid first. If sales are good, payments are quicker and if sales are slow, payments are slower. “Businesses have the flexibility to make payments in accordance with their sales performance, which means that payments can be lower during the sluggish business period and vice versa,” says Russell.

For more information on our merchant cash advance program or to speak with one of our licensed funding specialists to get a free, no obligation quote, simply call Synergy Merchants at 1-877-718-2026 or email us at

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