Your credit score determines your worth. Sounds harsh, doesn’t it? Of course, a credit score has nothing to do with your quality as a human being. However, as far as financial lenders are concerned, it has everything to do with…
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…
In our last blog, we revisited the topic of business loan rejections and listed a few of the reasons so many business owners have endured them. Among the reasons banks reject loan applications are applicants not having enough collateral, having…
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…
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…
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…
At Synergy Merchants, we have well over a decade of experience working with Canadian business owners who want nothing more than to simply grow their businesses. The problem faced by many of these entrepreneurs, however, is that they have bad…
There are a number of ways to define the word “credit”. But, in the world of business finance, the most appropriate definition would be “the ability of a consumer to obtain goods or services before providing payment, based on the…