One of the primary reasons that so many Canadian business owners get their business loan applications denied by banks is because they have bad credit. A history that reflects any late payments or inability to pay at all will significantly…
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…
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…
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…
Paying off a merchant cash advance is fairly simple. How can we make such a bold statement? Well, let’s consider the way that the repayment process works. When a merchant processes a sale that is paid for with either credit…
In our last blog, we offered up a few answers to the question posed by the title of today’s blog. Not having any collateral, having a bad personal credit score and not coming prepared with a detailed business loan are…
Small and medium-sized business owners in Canada have options when it comes to securing extra working capital for their companies. But, sometimes the choice between going with either a merchant cash advance or a business loan is made easy for…
You’re a small business owner. You’re considering renovating, expanding or advertising. You need financing in order to implement any of these ideas. You decide to go to the bank. You’re asked to provide collateral, go through a credit check and…