Halloween arrives today! It’s the day when scary costumes and decorations are the norm. For small business owners, securing a business loan can be scary, no matter what day it is. Despite their best efforts, many find themselves faced with…
In our last blog, we confirmed that your personal credit score can affect your company. We highlighted the fact that a person’s personal credit score can impact his/her ability to secure funding from a bank. As we pointed out, business…
Have you had problems paying off a loan in the past? Are you notoriously late making your credit card payments? Have you ever defaulted on a payment plan? If you’ve answered “yes” to any of these questions, it’s quite likely…
In our last blog, we listed some of the reasons why banks deny business loan applications of business owners. Among the reasons were bad credit scores and poor cash flow. And while there are many other reasons why business owners…
With 2022 just a few days away, the Synergy Merchants team would like to take this opportunity to wish everyone a very happy new year! Here’s hoping that 2022 is your most prosperous year yet. This wish especially goes out…
Your credit score says a lot about you. Well, actually it really doesn’t. But, as far as financial institutions are concerned, your credit score counts for a lot. To lenders, your credit score is a literal measurement of your trustworthiness.…
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…
Does the following scenario sound familiar to you? You’ve gone to great lengths to start your business. It’s taken a lot of time, effort, energy and money, but you’ve finally pulled it off. Your long-time dream is now a reality!…
They don’t trust you. That is as direct and as simple an explanation we can give. If you suffer from the unfortunate burden of having bad credit, your bank isn’t likely to approve any loan application you may submit. The…
It doesn’t seem fair, does it? You’ve worked like crazy to build your business to the point of its current stature. All you need is a little extra working capital to take it to the next level. The problem is…