MERCHANT GROWTH PRODUCT
Term Financing
Get funds for renovations, inventory, tax payments, and even cashflow with our Term Financing product.
$5K - $800K
Get funded in as fast as
24 hours
Convenient
Filling out the application only takes 5 minutes
Flexible
Merchant Growth products fit the needs of your business
Fast
Once approved, get your funds in as little as 24 hours
What is Term Financing?
Through a Term Financing Solution your business can receive up to $800K in financing in as little as 24 hours. Term Financing operates in a similar fashion to fixed rate loans; your business receives a lump sum payment, but instead of making fixed monthly payments, the balance is repaid through more frequent, periodic payments, either daily or weekly.
This type of financing is particularly appealing to companies with consistent cash flows because the predictability of a daily or weekly payment makes it easy to budget for.
How does it work?
Our Term Financing is designed to provide capital for any corporate purpose and is repaid over 6 – 24 months. We forward cash to your business up-front, and a daily or weekly payment is made automatically to repay the balance. Once you have repaid approximately 1/3rd of your original balance, you may be eligible for top-up financing to obtain more capital for investment in your business.
What can you use your Term Financing for?
You can use our Term Financing for whatever needs your business requires. Whether thats increasing cash flow, getting some new equipment, or expanding your staff for your small business, we are here to help your business to grow.
Small business funding minimum requirements
Merchant Growth offers small business funding options with minimum eligibility requirements:
Location
Canada
Monthly Revenue
$ 10K
Time in Business
6 months
How does it work?
STEP 1
Complete Application
You can choose to give some details either through the online application or over the phone, and it will only take you 5 minutes.
STEP 2
Review Options
Our team will reach out and work with you to determine the best solution.
STEP 3
Get Funds
Receive your funds in as fast as 24hrs after approval.
Get started today
Complete our online application and we’ll contact you to present financing options tailored to your business needs.
