In our last blog, we revisited the topic of business loan applications and highlighted some of the top hurdles associated with them. They included having a low credit score, having no collateral and having little business experience. If you’re a…
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…
The holidays are fast approaching! Here’s hoping that you’re currently enjoying an especially lucrative holiday shopping season. As we highlighted in our last blog, business owners all across Canada are certainly hoping to keep sales high well into the new…
At Synergy Merchants, we are well aware of the many concerns that Canadian business owners have about merchant cash advances. To many, it’s still a new concept to receive business funding that isn’t borrowed money. In today’s blog, we’ll do…
With this past Tuesday marking the first day of school for the majority of students across Canada, the Synergy Merchants team members couldn’t help but think about the days when we were in classrooms. Mathematics, as you can imagine, was…
The problem isn’t debt, it’s interest. So says Anthony Migchels on the Real Currencies blog. He contends that what really puts people into financial peril is the fact that accruing interest rates make the act of borrowing money so much…
Most people are not interested in paying interest. See what we did there? And that’s because it’s pretty difficult to know exactly what an interest rate is going to equate to in actual dollars and cents. When you’re paying back…
Paying off a merchant cash advance is fairly simple. How can we make such a bold statement? Well, let’s consider the way that the repayment process works. When a merchant processes a sale that is paid for with either credit…
Being organized, detail-oriented and diligent are excellent character traits for a business owner. A person who crosses his/her t’s and dots his/her i’s is someone who is bound to be successful. After all, paying attention to detail helps individuals to…
It sounds a bit strange to say that the best part about receiving money is paying it back. But when it comes to Synergy Merchants’ unique merchant cash advance program, this is what many recipients will tell you. You see,…