What do you own that you would be willing to put on the line in the event that you can’t repay your debt? The answer to that question is one of the simplest ways to define collateral. Collateral is a…
Entrepreneurs all over Canada have faced the grim realities that their banks don’t have their backs like they thought they did. Having a business loan application denied may feel like the end of the world – but it isn’t. With…
So you’ve applied to your bank for a business loan and gotten turned down? Join the line up of numerous other Canadian business owners who have faced the same fate. As we pointed out in our last blog, there are…
Not only have you been in business for some time, but you’ve also had a long-standing relationship with your bank. It sounds like a recipe for success, right? It shouldn’t be all that difficult to be approved for a small…
As a business owner, you have likely come up with countless ways to grow your company. Have you considered renovating your business? Do you wish to expand? Are you interested in introducing a new product line? Do you have an…
Are you a Canadian business owner who would love nothing more than to grow your business? Have you ever applied for a business loan? Did your bank turn you down? For far too many entrepreneurs across Canada, the succession of…
Dear Canadian business owners, the Synergy Merchants team knows you’re concerned about the state of your business. Thanks to the pandemic, your sales have likely dipped over the past year. If you’re in need of some extra working capital to…
There isn’t a business owner alive who doesn’t want to grow his/her business. However, as the old adage continually reminds us, it takes money to make money. Because of this, many entrepreneurs take the traditional route of going to the…
Is there anything of value that you own, that we can take, if you don’t pay us back? Now, we’re not saying that this is exactly the way in which bank loan officers formulate this question. But for the many…
Are you a small or medium-sized business owner? If so, you’ve likely had the experience of visiting a bank in order to secure a loan to grow your business. You may be part of the small minority of entrepreneurs who…