If you’re a small business owner who has gone to the bank to secure a loan, it is possible that you met with disappointment. While many entrepreneurs successfully secure funding for their businesses in the traditional way, there are many…
Have you had trouble repaying debts in the past? Do you have a number of credit cards that are past due? Have you ever defaulted on a loan? If you’ve answered “yes” to any of these questions, it’s certainly possible…
Happy New Year! With 2024 now in full swing, you’re likely thinking of ways to turn this year into your company’s best year ever. Is growing your brand one of your New Year’s Resolutions? It is for most small business…
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…
Have you had a business loan application denied by your bank? If so, you’re not alone. In our last blog, we listed some reasons why your bank may not have loaned your business the money it requested. They included having…
Do you have bad credit? Don’t worry, you’re certainly not alone. If you’ve encountered some financial trouble in your past, it’s no reason to feel bad. Of course, there are those who will attempt to make you feel bad about.…
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…
In our last blog, we detailed some of the pitfalls of having a low credit score. Among them was the fact that it’s hard to secure a business loan from a bank. In fact, for many would-be business owners, starting…