Which Small Business Financing is Best for You?
Generally, Flex Solutions are favoured by business that have seasonal variations in revenues and do most of their sales in debit or credit.
Fixed Solutions are typically favoured by businesses less affected by seasonable ups and downs. But there are other differences to consider. Refer to the comparison chart below for the major difference between the funding programs.
| FLEX SOLUTION | FIXED SOLUTION | |
|---|---|---|
| Fees | None | None |
| Repayment Type | FLEXIBLE | FIXED |
| Collateral | No | No |
| Amount Available | $5,000 - $500,000 | $10,000 - $500,000 |
| Ideal Industries | Storefront, B2C Businesses, Retail, Spa, Restaurant, Auto | All Industries |
Minimum Requirements
Minimum eligibility requirements for Merchant Growth small business products
Location
Canada
Monthly Revenue
$10K
Time in Business
6 months
How does it work?
STEP 1
Complete Application
Take 5 minutes to provide a few pieces of information — online or on the phone, it’s your choice.
STEP 2
Review Options
Your dedicated lending advisor will reach out and work with you to determine the best solution.
STEP 3
Get Your Funds
Receive your funds into your business bank account in as fast as 24 hours.
Get started today
Complete our online application and we’ll contact you to present financing options tailored to your business needs.
