If you’re a Canadian business owner who has been turned down by a bank for a business loan, you are certainly not alone. Unfortunately, numerous business owners from all over Canada have endured the hardships that come with not being…
You’ve opened up your business and things are going pretty well. Congratulations! It must feel great considering how long and hard you worked to get your company off the ground. Now that things are finally going your way, you’d like…
There are few Canadian business owners who haven’t at least contacted a bank once to inquire about their potential to secure business loans. At Synergy Merchants, our many years of experience have proven to us that getting a bank loan…
Near the end of our last blog, we pointed out that time is of the essence. If you’re a business owner who is currently enduring a slow season, you have no time to waste before you begin renovations on your…
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…
Have you ever defaulted on a loan? Have you ever been late paying your credit card bills? Are you able to keep up with your mortgage payments? If you’ve answered “no” to any of these questions, it is highly possible…
A company’s cash flow refers to the money it has available to operate. A business owner is responsible for such actions as paying his/her employees, buying office equipment and advertising the company, just to name a few on a very…
Can you believe we’re nearly halfway through 2018 already? Time truly does fly, doesn’t it? Nevertheless, with each passing day, our society seems to want things quicker than they did the day before. Advances in technology have made it so…
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…