2M7 Financial

Avg. Rating: 5.0 (3 reviews)

2M7 Financial Solutions is an all Canadian alternative funding provider. 2M7 acknowledged that there was a noticeable decrease in the availability of funding for Canadian businesses over the past few years, so they made it their priority to find a solution.

2M7 developed a proprietary system which can evaluate the risk and determine credit worthiness as means to combat this growing problem, and for the past 9 years have been successful in doing so. Their mission is to make your experience as easy and seamless as possible. They strive to provide a simple and quick acquisition of your Merchant Cash Advance, as we know in times of need quick access to funds is very important. We provide cash advances to small and medium sized businesses in order to fund whatever need or opportunity arises.

  • TIME IN BUSINESS: Since 2008
  • # OF CUSTOMERS: Over 5,000
  • TOTAL FUNDED: Over $100M
  • LOANS OFFERED: Merchant Cash Advance
Visit Site and Apply


info@2m7.ca 3605 Weston rd. North York, Ontario, M9L 1V7
Call Center: 9:00AM - 6:00 PM EST
Support Offered:
  • Email Support
  • Phone Support
  • Web Chat
  • Blog
  • FAQs
Availability: All of Canada, except Quebec

Products Offered

Below are all the products offered by this company.


Conditions & Rates

Interest Rate



$5,000 – $250,000



Eligibility & Documents

Who is eligible

  • Canadian Business
  • Minimum $15,000/monthly revenue
  • No Open Bankruptcies

What you need to provide

  • Government-issued ID
  • Void cheque
  • Business Bank Statements

Repayment & Issuance

How fast can you get the money

Same Day

Funding method

Direct Deposit/Wire Payment

How does repayment work

2M7 Financial structures your repayments according to your business’ cash flow. Your repayment will be just a small fraction of your daily sales revenue.


Articles About 2M7 Financial

By Mashoka Maimona

Mashoka is a journalist for the London Press and the National Post, currently specializing in finance, business and technology.

Frequently Asked Questions About 2M7 Financial

What is 2M7 Financial?

2M7 Financial is an all Canadian alternative funding provider that specializes in Merchant Cash Advances and developed a proprietary system to evaluate risk and determine creditworthiness.

Is 2M7 Financial safe?

2M7 Financial was founded in 2008 and has over 5,000 customers. They have funded over 100 million dollars and have a 97% approval rate on all submitted applications, which they claim to be the highest in Canada.

What does 2M7 Financial offer?

2M7 Financial provides cash advances to small and medium-sized businesses in order to fund their desired growth. This can include anything from purchasing new inventory, paying employee wages, or funding a desired expansion.

How does 2M7 Financial distribute merchant cash advances?

If approved, 2M7 Financial works with any bank or credit union, and credit/debit card processor, in Canada (Excl. Quebec), meaning there is no need to change your financial institutions in order to receive your advance.

How much does it cost to get a merchant cash advance from 2M7 Financial?

There is a cost of money that gets determined as a factor rate. Meaning 2M7 will assess a one-time cost based on the value of sales you might have in the future. Other than the factor fee, there is no other costs on the funds.

Am I eligible for a merchant cash advance?

To be eligible for a merchant cash advance, 2M7 Financial requires that you have been operational for a minimum of 90 days, accept credit/debit cards (minimum of $15,000/monthly revenue), must be located in Canada (excl. Quebec), you have no open bankruptcies, and you must provide a void cheque, government identification, and business bank statements.

When will I receive the funds?

If approved, you could have your money in your business bank account by the end of the day!

How much money would I be eligible for?

If approved, you can receive an advance for, anywhere between $10,000 to a maximum of $250,000 depending on different factors.

Does 2M7 Financial approve businesses owners with poor credit?

Yes. 2M7 Financial can still get the funds for your business if you have poor credit, however, the process is slightly modified. They have a starter package that you can join as part of showing your creditworthiness so that once your funding specialist understands you, your business credit score becomes irrelevant.

What's the benefit of a merchant cash advance over a loan?

2M7 Financial claims that merchant cash advances have a higher approval rate than loans, it does not register on your credit file, takes 4-6 to get approved, and there's no fees or interest charges (other than a one-time cost of capital).

How does a merchant cash advance work?

A merchant cash advance allows you to use a small percentage of future sales to cover the working capital that you need, today. 2M7 Financial Solutions provides a simple borrowing and repayment experience.

How do I apply for a merchant cash advance?

You can apply for a merchant cash advance by going to 2M7 Financial's website where you can fill out their application online, give them a call or email them to start the process. You'll be asked a series of questions, such as your monthly revenue, business history, and more to determine eligibility.

2M7 Financial Reviews

Avg. Rating: 5.0 (3 reviews)
Fashion Designer

I was able to bring my designs into production and my business is now a success. The application process was simple and straight forward and approval time was outstanding!

Business Owner

When planning to start my business I started to panic, not knowing how I would ever be able to financially support this big change – 2M7 was with me every step of the way and helped me to achieve my business goals.

Online Business Owner

2M7 exceeded all my expectations. I applied for a merchant cash advance and on the same day it was approved. I was able to launch my online business and meet my deadlines.


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