Everyone goes through ups and downs. We suppose it’s impossible to have one without the other. When people go through rough patches in their lives, it only becomes more difficult when they feel that they don’t have the support they need to get out of their situations. Those who have the support of family and friends generally find that their rough patches are fairly short periods of time.
Synergy Merchant Services has proudly represented the friend or family member, metaphorically speaking, in times of need for business owners all throughout Canada. As the nation continues to grow financially stronger following the recession, there are a number of individuals who are still having a rough go at making ends meet the way they used to before the global financial crisis.
As we have blogged about before, bank loans have become harder to come by than ever before. As a result, more Canadian entrepreneurs are seeking the comfort of the merchant cash advance to meet the needs of their businesses. Staying competitive in today’s marketplace, of course, requires that one does not just stay afloat, but works to get ahead. As many business owners have come to find out the hard way, going to your local bank doesn’t help much in the way of growing your company.
As Rebecca Shamrock of EzineArticles.com writes: “Times are bad for just about all Canadians and more and more people are having trouble just keeping up with their bills…If you think you will be able to walk into your local Canadian bank, the one you have been banking with for years, then think again! They are barely lending out money for mortgages, let alone personal loans.”
Being approved for a loan is especially difficult, continues Shamrock, for those who may have bad credit. One of the ways in which Synergy has managed to assist Canadian business owners is through ensuring that we offer an alternative source of extra working capital that does not show on a credit report.
Because the cash advance is a purchase of future credit and debit transactions and not a loan, one’s credit need not be affected when participating in our program. The first step is to speak to one of our licensed funding specialists about your options. They happily offer a free review of your merchant statements to help determine exactly how much money your business may be approved for.
Once you receive this information, you will also be informed about the cost of the cash advance and the method of repayment. This is one of the best parts about the program. No monthly payments are ever required. Instead, payments are made automatically through a merchant’s future credit and debit sales.
So if you’re in need of the type of support a friend or family member may generally give you, it may be the right time to call Synergy. Although we may not be able to cook for favourite meal or offer you a hug through the phone, we would like to see you take your business to the next level. We believe we can offer you the support you need to achieve your goals.