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…
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…
“I’ll let you borrow my bike, but what are you going to let me borrow in return?” asked George. “How about my baseball glove?” Roger replied. “Your glove isn’t worth the same as my bike. No deal,” said George. The…
Have you applied for a business loan at your local bank only to have your application denied? If so, you’re certainly not alone. Unfortunately, you’re part of a long list of Canadian small business owners who trusted their long-supported financial…
As far too many Canadian business owners are aware, it can be extremely difficult to secure a business loan from a bank. There are numerous requirements that many business owners simply cannot meet. It can be argued that banks are…
All business owners require funding to grow their businesses. But not all business owners can get their hands on that much-needed extra working capital because they have bad credit. As well, some of them don’t have collateral to put on…
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…
Let’s be honest. We’d all love it if things came easy, wouldn’t we? Sure, many of us who have entrepreneurial spirits love a good challenge. It gives us that much more incentive to work hard, fight for what we want…
At Synergy Merchants, we have many years of experience working with business owners from all over Canada. Hardworking, determined, talented and even “visionaries” are just a few of the words that come to mind when thinking about the things that…
All business owners need money to grow their businesses. But, as most small business owners know, being approved for small business loans can be an incredibly difficult undertaking. Even if they are successfully approved for the money they need to…