Canadian business owners who have taken advantage of the opportunity to get merchant cash advances are all aware of the many benefits that come with the alternative funding source. In addition to not having a repayment schedule and being able…
The problem isn’t debt, it’s interest. So says Anthony Migchels on the Real Currencies blog. He contends that what really puts people into financial peril is the fact that accruing interest rates make the act of borrowing money so much…
We’ll admit it. At first glance, the title of today’s blog may appear odd. Isn’t it obvious that selling something is more profitable than borrowing? But then again, how does selling work as the antithesis to borrowing? What exactly is…
One of the best things about Synergy Merchants’ merchant cash advance program is that it gives Canadian business owners the freedom to do with their money what they like. Traditionally, entrepreneurs have used their advances for such investments as renovations,…
Most people are not interested in paying interest. See what we did there? And that’s because it’s pretty difficult to know exactly what an interest rate is going to equate to in actual dollars and cents. When you’re paying back…
2017 is a very special year for Synergy Merchants. It officially marks our tenth year in business! Back in 2007, when we started this enterprise, we were just on the cusp of something very special. Bringing the merchant cash advance…
As many Canadian business owners already know, successfully securing a bank loan is hard work. It’s certainly not impossible. But it’s also not the most likely occurrence to take place. This is because there is a long list of requirements…
The fact that business loans aren’t the only source of business financing anymore is becoming a more commonly known thing in Canada. Not every business owner is fully aware – but the knowledge is growing. Merchant cash advances are slowly,…
Why should you begin the new year thinking about getting a merchant cash advance for your business? Well, let’s see. To us, here at Synergy Merchants, the answer is simple. But we know that it requires a not-so-simple explanation. The…
Welcome to our very last blog of the year! With 2016 just a day away from transitioning into 2017, we’d like to take this time to thank each and every one of our clients for trusting Synergy Merchants to be…