MERCHANT GROWTH FINANCING

Merchant Cash Advance Financing

Small business owners can quickly access the financing they need with one of our merchant cash advance (MCA) solutions.
Financing amount available

$5K - $500K

Get funded in as fast as

24hrs

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Convenient

Filling out the application only takes 5 minutes

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Flexible

Merchant Growth products fit the needs of your small business
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Fast

Once approved, get your funds in as little as 24 hours

What is Merchant Cash Advance Financing?

Through this type of business financing, merchant cash advance providers offer a lump sum in exchange for a percentage of the merchant’s future sales. Merchant cash advances can be used to take advantage of additional business opportunities or simply to help boost cash flow to help cover short-term expenses.

When compared to traditional business loans, merchant cash advances offer the advantages of accessibility and flexibility. To apply for a merchant cash advance, company assets are not required for collateral.

The lack of collateral requirements, fast approval process, and freedom to meet a wide variety of business needs make merchant cash advances an attractive financing option for a wide range of small businesses.

Is a Merchant Cash Advance Right for Your Business?

By going through a merchant cash advance provider, small businesses, even those with a weak credit rating, can quickly secure flexible financing. Because merchant cash advances provide the ability to borrow against future sales, this type of business funding can be tremendously helpful for any company that accepts credit card payments or debit card payments.

If you are a small business owner who has struggled to secure a traditional business loan due to the particular industry you operate in, a lack of collateral, or if your business faces significant seasonal fluctuations, merchant cash advances can help you get the financing you need to thrive.

How Does a Merchant Cash Advance Work?

The merchant cash advance process is very straightforward. Our professionals review your business credit score and business bank statements to determine the best solution for your needs. The merchant cash advance term lengths can range from 6-18 months, depending on your business’ sales.

Fixed Solution

The advantage of a fixed solution is that merchant cash advance products help small businesses plan predictable budget cycles. This financial solution is sometimes better-suited to companies that generate sales through cheques and deposits, as opposed to debit or credit card sales. Small businesses repay a fixed amount on a daily or weekly basis, so the percentage of future sales is not a factor.

What Can Merchant Cash Advances Be Used for?

Small businesses can do so much with a merchant cash advance! With our Fixed Solution, you can use a merchant cash advance for:

Applying for merchant cash advances is easier and faster than traditional bank loans.

Merchant Cash Advance FAQs

The application process is free. However, there are many factors that determine the amount of merchant cash advances, including the:

  • Size of the advance
  • Size of your business
  • Your industry
  • Level of seasonality in your business
  • Size of your average sales (credit card transactions, deposits, etc.)

To know what your business can handle, fill out our online application form below and you will be contacted within 24 hours.

If your business meets our minimum requirements for eligibility, we may be able to provide you with a financing solution that does not affect your business loan terms or other business obligations. Contact us to discuss the specifics of your situation.

Credit scores are a factor that we consider in our decision-making process. For a merchant cash advance, companies with poor credit or bad credit are still considered. Keep in mind that your Fixed Solution will not affect your credit score.

The primary advantage of merchant cash advances is that they are quick and easy to obtain for many businesses because business assets are not required for collateral. Thanks to flexible repayment terms based on future card sales, business owners get the peace of mind that comes with knowing they can focus on their customers, not their financing arrangement. 

Merchant cash advances offer relatively short-term financing, which can put pressure on businesses that are already struggling financially. Also, if a business takes out a merchant cash advance and then its sales decrease, it may find itself unable to repay the loan. 

Merchant cash advances can be a helpful tool for businesses in need of quick funding, however, as with any form of financing, they are not without potential risks.

 

Small business funding minimum requirements

Get a merchant cash advance more easily than a traditional small business loan!

Location

Canada

Monthly Revenue

$10K

Time in Business

6 months

The Process

Get a merchant cash advance more easily than a traditional small business loan!

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 financing advisor will reach out and work with you to determine the best solution.

STEP 3

Receive Your Funds

Your funds are deposited 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 merchant cash advance options tailored to your business needs.