You’ve come a long way since you first opened your business. And no one knows better than you just how much hard work went into making your company a success. But, of course, like all business owners, you feel you…
So, you’re looking for some funding to grow your business, but the loan officer at your long-trusted bank isn’t too pleased with what he’s discovered on your credit report. As it turns out, you’ve had some past troubles making timely…
There are few Canadian business owners who haven’t at least contacted a bank once to inquire about their potential to secure business loans. At Synergy Merchants, our many years of experience have proven to us that getting a bank loan…
The question posed by the title of today’s blog is one that is often asked by entrepreneurs all over Canada. Far too many of them have found that going to the bank to secure a business loan is a much…
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…
Have you ever defaulted on a loan? Have you ever been late paying your credit card bills? Are you able to keep up with your mortgage payments? If you’ve answered “no” to any of these questions, it is highly possible…
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…
“Please George! Can I please borrow your bike? I promise I’ll bring it back to you tomorrow,” pleaded Roger. “Sorry George, I don’t think so,” Roger replied, “Mike told me he leant you a video game last month and you…
As many people know, making a simple inquiry into your credit rating can impact your credit score. However, any incident of you being unable to pay your creditors in a timely manner will create the hardest knocks against your credit…
Get ready for a pretty big understatement: Being in debt is no fun. Owing money to a lender and not having enough to pay it back only means that you’ll be paying back a lot more money than you originally…