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Merchant Growth

Avg. Rating: 5.0 (3 reviews)

We are one of Canada’s fastest and most friendly alternative financiers. We’ve been helping businesses grow since 2009, it’s all we do and we love doing it. Our innovative approach blends thoughtful customer care, complete transparency, and the latest technology to provide fast accessible financing to small businesses in Canada. Basically, we work really hard to make business financing easy to understand, accessible for everyone, and make the whole process quick…really quick.

 

Merchant Growth is a member of the Canadian Lenders Association:

 

  • TIME IN BUSINESS: Since 2009
  • # OF CUSTOMERS: Over 1,700
  • TOTAL FUNDED: Over $150M
  • LOANS OFFERED: Small Business Financing
Visit site and apply

1-866-877-9210

10350 Yonge St #101, Richmond Hill, ON L4C 5K9
Call Center: 7am PST – 4pm PST
Support Offered:
  • Web Chat
  • Help Center/Blog
  • Email Support
Availability: All of Canada

Products Offered

Below are all the products offered by this company.

Conditions & Rates

Interest rate 7.99% – 39.99% Amount $5,000 – $800,000 Term 6 – 24 Months

Eligibility & Documents

Who is eligible

  • Minimum $5,000 sales per month

What you need to provide

  • Signed Application
  • Government ID
  • Bank Statements

Repayment & Issuance

How fast can you get the money 1  Business Day Funding method EFT How does repayment work Auto daily or weekly payments

Conditions & Rates

Interest rate Starting at 7.99% Amount $5,000 – $800,000 Term N/A

Eligibility & Documents

Who is eligible

  • Minimum $5,000 sales per month

What you need to provide

  • Signed Application
  • Government ID
  • Bank Statements

Repayment & Issuance

How fast can you get the money 1  Business Day Funding method EFT How does repayment work Minimum weekly payments

Videos

Articles About Merchant Growth

Merchant Growth Prepares to Launch New Products in Anticipation of the End of the Crisis
By Jared Lindzon

Jared Lindzon is an experienced journalist, writer and public speaker. He specializes in Business, Technology, Lending and FinTech industries in Canada and abroad. Jared is a regular contributor to Smarter Loans and top tier publications around the World, including Fortune Magazine, Fast Company, the Guardian, Rolling Stone, the Globe and Mail, and many more.

Business Loans for food stores

How Merchant Advance Capital is Doubling Down On Its Commitment to Canadian Businesses
By Jared Lindzon

Jared Lindzon is an experienced journalist, writer and public speaker. He specializes in Business, Technology, Lending and FinTech industries in Canada and abroad. Jared is a regular contributor to Smarter Loans and top tier publications around the World, including Fortune Magazine, Fast Company, the Guardian, Rolling Stone, the Globe and Mail, and many more.

Merchant Growth Review
By Smarter Loans Staff

The Smarter Loans Staff is made up of writers, researchers, journalists, business leaders and industry experts who carefully research, analyze and produce Canada's highest quality content when it comes to money matters, on behalf of Smarter Loans. While we cannot possibly name every person involved in the process, we collectively credit them as Smarter Loans Writing Staff. Our work has been featured in the Toronto Star, National Post and many other publications. Today, Smarter Loans is recognized in Canada as the go-to destination for financial education, and was named the "GPS of Fintech Lending" by the Toronto Star in 2019.

Frequently Asked Questions About Merchant Growth

What is Merchant Growth?

Merchant Growth is one of Canada’s fastest business lenders. Their latest technology helps provide fast accessible financing to small businesses in Canada.

Is Merchant Growth Safe?

Merchant Growth has been helping businesses grow since 2009. Merchant Growth is a part of the Canadian Lenders Association and has been seen on CTV, CBC News and was in Growth 500 as one of Canada’s Fastest Growing Companies. They have nearly 2,000 customers and have funded over 150 million dollars. They also have offices in Toronto and Vancouver.

What Products and Services Does Merchant Growth Offer?

Merchant Growth offers small business financing, and their products include business loans and a line of credit.

How Much Can I Borrow from Merchant Growth?

You can borrow $5000 - $500,000 from Merchant Growth.

What Is the Interest Rate on a Merchant Growth Loan?

Interest rates on Merchant Growth loans range between 7.99% and 39.99%.

What Is the Term Length for a Merchant Growth Loan?

Terms on a Merchant Growth's business loan are between 6 and 24 months.

How to Qualify for a Merchant Growth Loan?

To qualify for a Merchant Growth loan you need to make $5,000 minimum sales per month and fill out a signed application, provide government identification and bank statements.

Can I Apply Online for a Merchant Growth Loan?

Yes, complete Merchant Growth's online application and they'll contact you right away and present small business financing options tailored to your business needs, based on the information you provide.

How Fast Can I Get a Loan from Merchant Growth?

Merchant Growth can provide funding for your business in as little as 1 business day upon receiving your completed application forms and documents.

How Will Merchant Growth Send Me the Loan?

The loan proceeds are usually sent by electronic funds transfer where your funds will be directly deposited into your bank without any paper money changing hands.

How Does Loan Repayment Work at Merchant Growth?

Merchant Growth loans are repaid through pre-authorized payments from your bank account.

Which Provinces Is Merchant Growth Available in?

Merchant Growth is available in all of Canada.

What Kind of Customer Support Does Merchant Growth Offer?

You can contact Merchant Growth via phone, email or their help centre online.

What are Merchant Growth Working Hours?

You can apply for a Merchant Growth loan online or they can be contacted by phone, Monday through Friday from 7AM to 4PM PST.

Merchant Growth Reviews

Avg. Rating: 5.0 (3 reviews)
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Waiting for my loan now

I got a quick approval for the amount that I asked. I was expecting crazy high interest but it was not bad considering I don't have the best credit now. I'll receive my loan in a day hopefully. Thanks Merchant Advance Capital!

Amir Farhan
Customer Service

Honestly the reason I want to give Merchant Advance Capital five stars is their great customer service.I got the funds, and while the application was similar to other loan providers, the customer service here was amazing.

Johny
Helped with upgrades

I was looking to upgrade some machinery for my auto shop. Merchant Growth was able to give me a loan for $50,000. The entire process too just a few days.

Noah

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