Counting Down To The CRFA Show
March 2, 2011
Filed under: Synergy Merchant Services Updates — 10:51 PM
We are literally counting down the days to this year’s CRFA Show at the Exhibition Place’s Direct Energy Centre in Toronto. And we can already feel our stomachs growling! The members of the Synergy Merchant Services staff will be on hand (with our appetites) to take in the festivities and meet with business owners from all over the country. We hope that you are one of them!
We’ll be eagerly waiting to meet you at booth 1009. If this is going to be your first visit to this awesome annual hospitality event, you are in for a treat. With countless booths showcasing restaurants, food manufacturers, cooking equipment and just about everything else you can think of associated with eating, the CRFA Show dazzles the eyes, ears and definitely the taste buds!
You literally may need all three days of the event to experience all of the awesome features of the show. With so much to take in, it would be in your best interest to plan your day in advance. On the CRFA website, it is recommended that you take advantage of using “My CRFA Show”.
As the site states, this feature “is an online, interactive event planner that will help you make the most of your time at the CRFA Show. You can browse through (the) exhibitor listing or search for specific exhibitors and products. You can also save and print your favourites by creating a personal profile.”
The Canadian Restaurant and Foodservices Association is proudly claiming that this year’s CRFA Show will play host to the best seminar line-up ever! In fact, there are more than 50 different seminars, presentations and demonstrations planned. This is more than this event has ever presented in the past – and they are all bound to be awesome.
As their website explains, “From learning how to make more money and work with social media, to cooking with beer and the secrets of the perfect macaron, you’ll learn new strategies, tips and ideas to take away with you that will help you promote, manage and grow your business.”
If you have not yet registered for this year’s CRFA Show, what are you waiting for? The registration fee is only $25. Go to CRFA.ca right away to book your ticket into this great event now. On-site registration is $40. We give you our word that it will be worth every penny!
CRFA Show One Week Away
February 28, 2011
Filed under: Synergy Merchant Services Updates — 10:16 PM
We’re now just under a week away from this year’s CRFA Show! It all goes down at the amazing Direct Energy Centre on the grounds of Exhibition Place in Toronto. We excitedly look forward to meeting business owners from all over Canada between March 6th and 8th and hope that you’re one of them!
Synergy Merchant Services will be located at booth 1009 so please come and visit us. We promise that you will leave with a greater knowledge about how our merchant cash advance program can help your business. We also promise that you will leave with a special treat as we never allow our new friends to walk away empty handed.
This year will mark our fourth consecutive appearance at the CRFA Show. We absolutely love this event as it presents such great opportunities for entrepreneurs from all over the country to network with each other all under one roof. As well, it provides members of the restaurant and foodservices industries the chance to grow the reach of their companies.
As members of the CRFA, we know all too well how difficult it is for restaurant owners to receive funding for their businesses through the traditional routes. It just so happens that the food industry is among our favourites, as we have developed many great relationships with professionals in this field over the past several years.
The CRFA Show, of course, is not exclusive to restaurant owners and food producers alone. There is such a wide variety of amazing companies on display at the show each year that you literally need to come back and visit all three days of the event to take them all in. We enjoy all three days tremendously and wish that it lasted longer!
And as if we didn’t make this pretty evident in previous blogs, one of our favourite things to do at the CRFA Show every year is eat! There is an endless supply of free food samples provided by all of the great companies that are present at the show. A visit to the event guarantees that you will not leave hungry.
In addition, the numerous workshops and demonstrations will ensure that you leave the show with a greater grasp on cooking tips and recipe ideas. It truly is an awesome time that provides countless benefits. In fact, whether you are a business owner or not, you will enjoy yourself at the CRFA Show. We look forward to seeing you there!
Do You See The Difference?
February 24, 2011
Filed under: Synergy Merchant Services Updates — 10:28 PM
Synergy Merchant Services provides merchant cash advances to small and medium-sized business owners throughout Canada. Now, this is a sentence that we are sure you have read in various forms throughout this website. Interestingly though, many entrepreneurs across the country are still not quite sure how our program works.
There are a number of differences between merchant cash advances and bank loans. Then again, there are a number of similarities too. Banks give money, we give money. Banks charge to borrow money, we charge to advance money. That, however, is pretty much where the similarities end.
The differences begin with how we provide money to our clients. Banks, of course, put their customers through a long list of requirements that include collateral, liens, credit checks and detailed business plans. Synergy, on the other hand, qualifies its customers based predominantly on their Visa, MasterCard and Interac receivables.
Naturally, banks charge an interest rate on the money they allow their clients to borrow. As a result, the borrower is continually being charged for the money for the duration of time that he or she carries a balance. Meanwhile, Synergy charges a one time fee. This means that no matter how long it takes for the merchant to pay back the advance, there are no accruing charges on top of the remaining balance.
It does not matter how long it takes for a client to pay back the advance. And here lies the most significant difference between bank loans and merchant cash advances. Banks insist upon a regular payment schedule. Generally, a client must make a minimum payment each and every month.
If payments are not made in a timely manner, the client may be charged late fees or other penalties. This may also include the increase of the customer’s interest rate, only making it harder to pay the loan off over time. With Synergy’s merchant cash advance program, there is no such thing as being late!
The best part about our program is that there is no fixed repayment schedule. Payments are made through an automated process. Each time the merchant accepts a Visa, MasterCard or Interac transaction, a small percentage of that sale is automatically put towards the repayment of the cash advance.
Obviously, there are no late fees. There is no accruing interest rate. There are no penalties. So while there may be some similarities between loans and advances, the differences are vast. So much so, that it would definitely be worth your while to get a free quote from one of our funding specialists to find out how much money you can get for your business. See the difference for yourself!
No Need For Delay
February 18, 2011
Filed under: Synergy Merchant Services Updates — 10:54 PM
“I may not need the money now, but maybe in the future.” This is quite a popular phrase among many of our new clients who are hesitant to take a merchant cash advance. We recognize, of course, that during their initial conversations about our program, they may not be so ready to expand, renovate or advertise their companies. To be perfectly honest, we don’t blame them.
Most people don’t make plans if they don’t have the money to fulfill them. They often put things off only to find that they keep pushing back their plans to the point when they are practically forgotten. Our experience has shown us that all business owners have plans to grow their businesses, but just aren’t sure how to go about doing it.
Once a business owner gets a free quote from one of our funding specialists, he or she is placed in a much more knowledgeable position. Knowing how much money is available and what the cost of the advance is gives a business owner the ability to compare the merchant cash advance option to any other funding option he or she may have.
One thing is for sure. A merchant cash advance is the quickest and easiest way for a Canadian business owner to get the money he or she needs to make a business plan a realization. There is no need to put anything off considering that we fund our clients within five days of their approvals.
Business owners are always thinking ahead. So if you have plans for the spring, you’ll need the money to make those plans come true in the winter. There is less reason for procrastination if you know that the money is realistically available. But so many entrepreneurs have been turned down for loans from banks, they think that getting money isn’t possible.
Your Visa, MasterCard and Interac sales are worth more than you realize. The credit and debit sales that your company hasn’t even made yet can help you put your plans into action. A merchant cash advance is not a loan. It is the purchase of future credit and debit sales.
By giving your company an advance on those future sales, you will be able to expand, renovate, advertise or invest into your business in any way you see fit – sooner rather than later! Since we provide free quotes with no obligation, you don’t have to worry about committing to anything until after you receive all the information you need to make an informed decision.
Don’t delay. Speak to one of our funding specialists today!
The Chance Of A Wonderful Relationship
February 16, 2011
Filed under: Synergy Merchant Services Updates — 10:29 PM
We can imagine that there are likely many people out there asking (some begging) for another chance. You know what we mean. With Valentine’s Day taking place this past Monday, couples everywhere were celebrating their relationships. There are always some couples though, that include a person who may have forgotten to even buy a card!
A few days later, these individuals are likely still in the doghouse trying to make up for the folly from just a few days ago. At Synergy Merchant Services, we like to consider ourselves the type of partner who need never be put in the doghouse. However, we do, of course, request that we are at least given a chance to begin a wonderful relationship.
Because the concept of merchant cash advances is still a relatively new one in Canada, we are well aware that most Canadian business owners are hesitant to start a relationship when first hearing about it. This is why we offer free quotes with no obligation. Consider it a meet and greet, if you will.
It’s really not even a first date, considering that you won’t have to spend anything at all to know what you are getting into. Speaking to one of our funding specialists (our matchmakers, if you will) allows you to get all of the information you need in order to begin this new venture with a new partner.
Finding out how much money you can get and what it will cost you is the least you can do to decide if a merchant cash advance is the right funding option for you. Naturally, if you are not even aware of what is available to you and how it may benefit your company, the chances of developing this new connection are slim to none.
We remain confident, however, that if you at least give us the chance, we can make you very happy for a very long time. Many of our clients, in fact, consider their relationship with Synergy a match made in heaven! This is especially true for entrepreneurs who have had negative experiences with banks when trying to secure loans.
We really don’t ask much of you to begin this new relationship. Our program requests no collateral or liens. Instead, we simply review your Visa, MasterCard and Interac sales to determine how much of a merchant cash advance you can get. Get a free quote and let us know if you would like to start on a new and exciting relationship!
Love Your Business
February 14, 2011
Filed under: Synergy Merchant Services Updates — 9:31 PM
On a day when couples across the continent are planning romantic rendezvous and candlelight dinners, business owners are thinking of ways to sweeten things up for their customers. Yes, it’s Valentine’s Day…a great day to be in love. Entrepreneurs, however, don’t get the day off. That is, if they love their businesses, of course.
Today, people are celebrating their relationships by writing each other poems and offering up gifts of chocolate and flowers. Business owners should be writing as well. But instead of poems, perhaps writing up a strong plan to secure more financing for your business may be on the agenda.
Sweetening the deal for your customers often means sprucing things up a bit. On Valentine’s Day, it’s not uncommon for couples to liven up their love lives with flower petal trails leading to a candle lit bedroom complete with a champagne chilling on ice. What will you do to liven things up for your business?
Renovations are a popular choice for entrepreneurs who want to shake things up. When things look new, it gives your customer base the impression that you are keeping things fresh and that exciting things are happening with your store. The last thing you want to do is allow your industry pass you by while you struggle to stay relevant.
How about buying some new inventory? Sure it would be nice to depend on your same old product line that you already have on the shelves, but don’t you want to keep up with the times? Many of Synergy’s clients use their merchant cash advances for buying new inventory before the season comes when they should be put out on the floor.
Summer clothing, for example, is a great line of products for purchase in February. Considering that summer is still months away, putting in your orders for shorts, t-shirts and sandals now will ensure that you are ahead of the game. As well, if you order earlier, chances are you’ll pay less for the items. Therefore, your profits are bound to be greater once the items are sold in the spring.
As you do with relationships, you’ll want to always plan ahead. Tomorrow, don’t be surprised to bump into some unhappy souls who had their significant others not book their restaurant reservations weeks in advance. Now, who doesn’t know that Valentine’s Day is one of the busiest days of the year for restaurants?
Plan to make your customers happy for the long haul. If you love your business, you will celebrate it by keeping things fresh, buying new inventory and advertising to a customer base that you will want to cherish for years to come. Happy Valentine’s Day everyone!
Crazy Cash Advances Create Confidence
February 10, 2011
Filed under: Synergy Merchant Services Updates — 10:32 PM
Now that you’ve started your business, what are you going to do to take it to the next level? A lot of promising news has come out lately about small business owners in Canada feeling optimistic about the future of their companies. One of the often-spoken phrases around the offices is that “it takes money to make money”, and this is true now more than ever.
Our experience, here at Synergy, tells us that a business owner’s confidence grows when he or she has the resources necessary to follow through on a plan. No business owner that we have ever spoken to goes a day without considering ways to make his or her company more popular in the marketplace.
Often, an entrepreneur’s ideas are challenged and their plans are thwarted simply because of a lack of funding. This is not a situation exclusive only to business owners, by the way. How often have you found yourself saying, “if only I had the money, would….”. You may finish that sentence anyway you like and the point remains the same.
Imagine someone approached you on the street and said, “I have a way to get you the money you need to make your dreams come true”. Now, at first, it is understandable if you were to become skeptical. In fact, it wouldn’t be far-fetched to think that this offer was being made a crazy person!
But you have to admit that the prospect of getting the money you need would be an intriguing situation. The least you could do is ask a question and probe into how getting that money is legitimately possible. Now, of course, we don’t consider ourselves to be crazy here at Synergy. Far from it. However, we do acknowledge that, at first, the concept of a merchant cash advance may sound like a crazy idea.
We understand the skepticism that comes with first hearing about our program. What do you mean there is no interest rate? How can there be no fixed repayment schedule? Naturally, if you have never heard of these concepts before, you may be reticent to approach the matter with much interest.
Synergy’s merchant cash advance program has definitely boosted the confidence of many a small business owner in Canada. After a simple review of a merchant’s monthly merchant statements, we are able to provide a free, no-obligation quote that quite often quells any notion that one’s business plans are out of reach.
We look forward to addressing your skepticism and increasing your optimism. Join the many other Canadian business owners who are realizing their dreams by making more money with our money! Speak to one of our funding specialists today as a free quote is just a simple phone call away. Crazier things have happened!
Last Chance For CRFA Show Pass
February 7, 2011
Filed under: Synergy Merchant Services Updates — 7:15 PM
As we have excitedly reported over the past couple of weeks, Synergy Merchant Services will be making its fourth consecutive return to the CRFA Show this March. Taking place at Exhibition Place’s Direct Energy Centre in Toronto between March 6th and 8th, the CRFA Show is known as the nation’s biggest annual hospitality event.
A sensational time year in and year out, the show is the perfect meeting place for business owners of all types. Members of the Canadian Restaurant and Foodservices Association showcase their amazing products and services throughout the massive and luxurious facility, providing everything from free food samples to key business advice.
Synergy Merchant Services looks forward to meeting you at this year’s CRFA Show at booth 1009. If you have not yet taken advantage of the incredible opportunity provided by Synergy’s Vice President of Marketing, John Meloche, this is your last chance! Contact John to have him mail you your complimentary pass to this incredible event.
“The deadline for you to register and receive their badge by mail is February 11th,” reminds John, “After February11th, badges will be held for pick up on site, which can be a pain in the butt because the lines get long!” And he isn’t joking! The CRFA Show has been known to attract upwards of 12,000 visitors a year!
Without question, the CRFA Show has provided Synergy with enormous opportunities over the past four years to meet with thousands of potential new clients. We cherish the opportunity to speak to various entrepreneurs at this show since so many of them have traveled from various parts of the country to be at there.
This way, the personal touch given to our initial meeting makes for an excellent beginning to a new business relationship. Furthermore, the CRFA Show allows for us to connect with so many more individuals who have never before heard of merchant cash advance. We find that being able to introduce our program at the show has been amazingly beneficial.
By the way, we would be remiss in not mentioning that this awesome trade show has been a fantastic way to fill our bellies over the past several years. With countless exhibitors providing tasty treats all throughout the Direct Energy Centre, it’s impossible to leave the event on an empty stomach!
Add that to the fact there there will be a number of workshops and showcases presented by world renown chefs such as Ezra Title, Mark McEwan and Vikram Vij, and you have all the makings of an absolutely can’t-miss occasion. Be sure call John right away to get yourself to the CRFA Show this March. See you there!
1-866-299-0101 ext. 302
Take A Look At The Picture
February 4, 2011
Filed under: Synergy Merchant Services Updates — 10:20 PM
Think about it. Imagine one of your friends came up to you and said “Hey, I know this great guy/girl. I think he/she would be perfect for you. Wanna go out with him/her?” What would be your first reaction? Chances are, one of the first questions you would ask would be “What does he/she look like?”
Let’s be honest, it’s very unlikely that you would automatically jump at the chance of getting to know someone knew if you had no idea what that person looked like. So, let’s suppose you ask that question and your friend pulls out a picture of this particular person. At that point, you have officially been given an option.
Naturally, it’s your choice to decide upon whether or not you would like to meet the person in the picture. You have the ability, of course, to weigh this potential date as an option against the other dating options that you may have. Would you not then agree that it wouldn’t be smart to turn down the offer without at least looking at that picture first?
At Synergy Merchant Services, all we ask of our new clients is to simply take a look at the picture. We are, however, not offering dates! Instead, we provide merchant cash advances to small and medium-sized business owners. Taking a look at our picture simply means that you have been given a free quote by one of our funding specialists.
Once you receive a quote for a merchant cash advance, you will know exactly what our program “looks like”. You will understand how much money can be made available to your company and how much it will cost to take the advance. Without knowing this information, how will you be able to make an informed decision about your best funding options?
The least you could do is weigh this option against the many others that you may have. We are well aware that most business owners think firstly of going to the bank when thinking about getting money. We actually encourage our clients to find out what their banks can do for them so that they can compare that option to the one we provide.
We are never so bold as to say that our program is “better than the bank”. Instead, we implore our clients to compare the two processes of getting money. One thing we know for sure is that a merchant cash advance is a quicker, easier and more convenient option for getting money for your business.
But you don’t just have to take our word for it. Give one of our funding specialists a call and see for yourself. Let us review your debit and credit card sales so that we can provide you with a free, no-obligation quote. Take a look at our picture and decide if a merchant cash advance is the option for you.
CRFA Show Brilliant For Building Business
January 28, 2011
Filed under: Synergy Merchant Services Updates — 8:23 PM
As we’ve mentioned – and as you’ll continue to read over the next few weeks – Synergy Merchant Services is headed back to The CRFA Show at Toronto’s Direct Energy Centre between March 6th and 8th. We absolutely cannot wait! Guaranteed to leave on a full stomach, you will also have a blast meeting industry professionals from all over the country. It’s truly an awesome time.
Of course, to thousands of business owners who visit the show every year, the biggest benefit is the incredible opportunity to connect with tons of potential new clients and business partners. As CRFA’s website puts it, “The CRFA Show 2011 is the leading foodservice and hospitality event in Canada.”
The site goes on to mention that the annual three-day event attracts upwards of 12,000 industry professionals, providing them with opportunities to showcase all of their latest products. With countless exhibits displaying everything from energy efficient equipment to incredibly tasty foodstuffs, the CRFA Show is essentially a one-stop marketplace.
Whether you are looking to buy or looking to sell, this event is the ideal occasion to help grow your business by connecting with thousands of like-minded individuals all under one roof. The CFRA Show is not without its highly entertaining features as well. Prepare to be dazzled!
As the CRFA website informs, “the show will also feature superstar chefs, notable celebrities and knowledgeable speakers who will perform, enlighten and educate….visitors to the 2011 show can expect a full line-up of industry specific seminars from industry experts.”
In addition, “visitors can attend numerous educational workshops to improve their businesses through new and comprehensive strategies presented. Throughout this exciting three day event visitors can meet celebrity chefs and industry personalities as they participate in culinary demonstrations, competitions and unique presentations.”
Synergy remains a very proud member of the Canadian Restaurant and Foodservices Association. Knowing very well that restaurant owners face an uphill battle attempting to secure financing from banks, we happily have assisted many professionals within the industry with growing their restaurant businesses.
We excitedly look forward to meeting so many more of you this March. Be sure to visit us at booth 1009. And don’t forget to contact Synergy’s Vice President, John Meloche to get your free pass mailed to you if you are interested in attending the show and taking in all of the amazing sights, sounds and smells!
Call John at 1-866-299-0101 ext. 302.
Remove The Risk
January 27, 2011
Filed under: Synergy Merchant Services Updates — 10:41 PM
Recently, one of our clients commented that he “wished they had taught us this in school” when discussing the many requirements of a bank from those who wish secure loans. As we are all well aware, banks often make it difficult for one to borrow money. This is especially true if you are a Canadian business owner, as this client knew from personal experience.
While some encourage the borrowing of money in order to build one’s credit rating, most people who have dealt with a bank to get a loan realize how intrusive the process is. Having to put your house up as collateral is just one of the risky requests that banks may ask of someone looking for money.
Our client, of course, feels a lot more comfortable knowing that no collateral is necessary for getting a merchant cash advance. In addition, one’s credit rating is not impacted by participating in our merchant cash advance program. Best of all, payments are made through an automated process, only when credit and debit sales are made in the store.
Therefore, none of our clients are ever in danger of being “late” with a payment or getting charged accruing interest fees and penalties. Business website, TotalTicketSystem.com appears to completely agree that borrowing money from banks is risky business.
On the site, which claims to provide “the stuff they don’t teach you in school”, a recent article discussed the various ways that business owners could use their money to grow their businesses. The comments about banks were surprisingly scathing. Then again, may the sentiments expressed aren’t all that shocking.
Says TotalTicketSystem.com: “The Borrower is a Slave to the Lender. Period. When you borrow money from a bank, a friend, or a relative, you now serve them. You’re paying interest, and you will subsequently start making decisions based not only what should be good for the business, but what will ensure you can pay the note.”
The site goes on to insist that loans often coerce business owners to “take ill-planned risks” such as the previously mentioned use of one’s home as collateral. They encourage business owners to fully research their funding opportunities in order to make the best decisions possible for how they plan to finance the growth of their companies.
At the end of the day, this is all Synergy Merchant Services has ever requested of a potential client. Weigh your options to figure out which one works best for you. The least you could do for your business is to discover as many ways as you can to get extra working capital. As well, help yourself to not risk losing it all in the process!
Bad Weather Is No Cause For Worry
January 24, 2011
Filed under: Synergy Merchant Services Updates — 10:37 PM
Over the past several days, Toronto has experienced some unreasonably cold weather. Now, we say that it’s “unreasonable” simply because we can’t understand any reason why it has to be this cold! Sure, we know that the rest of Canada may be used to temperatures in the minus twenties, but perhaps last year’s mild winter has made us soft.
Either way, with the cold and, of course, all that added snowfall that Toronto did not experience last year, it brought to mind one of the biggest benefits that our merchant cash advance provides our clients. Each and every year, we speak to business owners who mention that one of the biggest problems with the winter season is when the weather impacts customers’ abilities to go shopping.
Naturally, when the weather is extra cold or if the snowfall is great, it is much harder for consumers to make their ways into stores. This creates sales slumps for businesses everywhere. Well, because Synergy’s merchant cash advance program has no fixed repayment schedule, all of our clients who undergo a sales slump during the harsh days of winter have nothing to worry about.
The repayment of a merchant cash advance is made through a small percentage of the Visa, MasterCard and Interac sales made by our clients. If sales are slow, then so are the payments. But what about those days when the weather is so bad that our clients can’t even open their doors?
That situation too, is no problem. If no sales are made then no payments are made either. We understand that business fluctuates. Our merchant cash advance program works with each business owner’s specific needs so that there is never a time when a payment needs to be made without the business owner being paid first.
With no fixed repayment schedule, it doesn’t matter how long it takes for our clients to pay the merchant cash advance back. Therefore, when business is slow, there is no need for worry! Of course, if the company owner was paying back a business loan, no bank would be as sympathetic to the fact that business has slowed due to the weather conditions.
When paying back a loan, an owner must adhere to the payment schedule or become subject to potential late fees, increased interest rates and a negative impact to his or her credit rating. No matter the weather, we promise only sunny days ahead when you participate in Synergy’s merchant cash advance program!
Bank Loans Versus Cash Advances
January 14, 2011
Filed under: Synergy Merchant Services Updates — 10:36 PM
What is the difference between a bank loan and a merchant cash advance? This is, perhaps, the most popular question we receive from our clients. It also is the most important question to answer because, of course, the many differences between bank loans and merchant cash advances are what make our unique program so beneficial to Canadian business owners.
Firstly, we must look at the process that business owners must go through to attain financing for their companies. With a bank loan, collateral is generally required. Putting up one’s house, car, cottage of even the business itself is a common request. This is to ensure that if payments are not made in a timely fashion, the bank will have an asset to make up for the losses.
In addition, because the money is being borrowed from a bank, there is an impact on the borrower’s credit score for even inquiring about attaining money. Of course, if there are problems with payments throughout the course of borrowing the money, that credit score is continually impacted negatively.
A merchant cash advance is not borrowed money. It is the purchase of future credit and debit sales. So if a merchant accepts Visa, MasterCard and/or Interac as methods of payments at their establishments, the sales they have not even made yet can be provided to them in advance!
Another major difference between bank loans and merchant cash advances is the cost of getting the extra working capital. Naturally, a bank charges interest on a loan. For as long as the money is being borrowed, interest charges will accumulate on the outstanding balance.
Synergy’s merchant cash advance program has no interest rate. Instead, we simply charge a one time fee. The benefit of knowing the exact cost before even taking the advance is a great one. This provides the merchant the peace of mind in knowing that the amount of his or her repayment will never increase.
This leads us to the best part about our program. Banks, of course, request that payments towards the loan are made on a regular basis, usually monthly. When payments are not made on time, one’s credit history is impacted, late fees may accrue and the interest rate may increase.
Our program has no fixed repayment schedule. Instead of paying by any specific date, payments are made automatically through the merchant’s credit and debit sales transactions. Business owners literally do not have to lift a finger. It doesn’t matter how long it takes for the advance to be paid back. A bank will never be able to promise that!
Sweeten Your Summer Sales
January 13, 2011
Filed under: Synergy Merchant Services Updates — 10:55 PM
A summer blog already? Well, not exactly. But, believe it or not, for business owners across Canada, the time has already come to consider this year’s summer season. As always, being ahead of the competition means thinking ahead. And being prepared for the seasons that are upcoming will ensure that you have a leg up!
A merchant cash advance is the perfect way to ensure that you are always fully stocked for the future. Many of our clients indicate that one of the best uses of a merchant cash advance is buying new inventory when the cost is relatively inexpensive. For example, buying items meant for the summer during the winter is a key to success later in the year.
Whether it is clothing, sporting goods, barbeques, sunglasses or beach apparel, stocking up on summer items now may be the best way to go. Since almost no one is looking to pick up such items in January, business owners can stock up on these products at cheap prices from their suppliers.
That way, they are well prepared for the summer season. The products generally go out in the spring, and customers are assured a large array of items to choose from. These business owners cash in big as the profits from the purchases of these items make for great pay days!
One of the best things about our merchant cash advance program is the fact that there is no fixed repayment schedule. That way, when the merchant takes the advance, he or she knows that there is no set date to make payments back. Payments are made through a percentage of each Visa, MasterCard or Interac transaction.
So even if business is slow during the winter season, there is no need to worry about being late with payments. When business picks up in the summer, the merchant is able to pay back the advance quicker based on the increased sales. At the end of the day, it’s all about the increased business for the merchant.
If you haven’t begun to think about the upcoming spring and summer seasons, it would be a good idea to give a call to one of our funding specialists. You might want to think of the ways that you can increase your profits this year by investing in some seasonal inventory, well before that season starts!
Synergy Set For Another CRFA Show
January 12, 2011
Filed under: Synergy Merchant Services Updates — 10:22 PM
It’s that time of year again! Synergy Merchant Services is super excited to announce that we will be making our return to this year’s amazing CRFA Show. The annual trade show put on by the Canadian Restaurant and Foodservices Association is a can’t-miss event complete with incredible sights, sounds and definitely smells and tastes.
As a proud member of the CRFA, Synergy Merchant Services will be making its fourth appearance in as many years to this awesome show. Taking place between Sunday, March 6 and Tuesday, March 8, the 2011 installment of the CRFA Show is set to be its biggest and best ever.
And it’s hard to imagine the CRFA Show outdoing itself. Each and every year, this incredible event, which takes place at the Exhibition Place’s beautiful Direct Energy Centre in downtown Toronto, showcases an endless array of booths from restaurant and foodservices professionals.
You will not go hungry at the CRFA Show. With a non-stop selection of free food samples, your taste buds will be tantalized in ways you have never experienced. Even more importantly, this event is arguably the best possible way to network with other industry professionals to build the reputation of your business.
As the CRFA website says, the show provides business owners with “fresh ideas to help you promote, manage and grow your business.” The CRFA Show is definitely not the type of event that you want to show up to without your business cards or company promotional items to give away.
Undoubtedly, you will meet thousands of different business owners and industry professionals who you may develop relationships with to take your company to the next level. Over the next several weeks, the Synergy Merchant Services Blog will be filling you in on all the amazing workshops, presentations and other features of this year’s event.
But you don’t have to wait to read another blog to take advantage of an incredible opportunity to get yourself to the CRFA Show this year. Anyone in the Toronto area who is interested in attending the event can do so for FREE. Simply contact Synergy’s Vice President of Marketing, John Meloche before February14th and he will have your pass mailed directly to you!
You may still contact John after the 14th of February to have your pass left for you at the show to be picked up upon your arrival. And don’t forget to visit your friends at Synergy Merchant Services at Booth 1009. We look forward to meeting you and working towards helping you build your business. That, and stuffing our faces!
Call John Meloche at 1-866-299-0101 ext. 302.
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