Published merchant cash advance terms, side by side. Rates reviewed August 2026.
Best for: Very new Ontario businesses that cannot yet meet a six-month trading requirement
Apply Now Full profileBest for: Established businesses needing a large raise with short-term flexibility
Apply Now Full profile| Magical Business | MHB Financial | |
|---|---|---|
| Amount range | $5,000 – $300,000 | $5,000 – $500,000 |
| Rate | Factor 1.1 - 1.5 | Factor 1.1 - 1.5 |
| Term | 3 – 24 months | 3 – 12 months |
| Funding speed | 2 days | 1 day |
| Income types | 3 income types accepted | 3 income types accepted |
| Revenue minimum | $5,000/month revenue minimum | $20,000/month revenue minimum |
| Time in business | 3 months trading minimum | 3 months trading minimum |
| Minimum credit band | poor | poor |
| Provinces | 1 provinces | All provinces and territories |
