Time in business:
Customers:
Loans offered:
Magical Business is a Canadian alternative business financing provider specializing in Merchant Cash Advances (MCAs) for businesses operating in Ontario. The company provides fast access to working capital with flexible repayment options tied to business sales volume.
Products Offered
AMOUNT
$5K - $300K
INTEREST RATE
Varies
TERMS
3 - 24 Months
Business Funding
Conditions & Rates
Interest rate Varies
Amount $5,000 – $300,000
Term: 3-24 Months
Eligibility & Documents
Who is eligible
- Canadian business owners
- ‘Min 3 months in business
- Min $5,000 in monthly revenue
What you need to provide
- Complete online application
- 3 months of bank statements
- Copy of ID.
Repayment & Issuance
How fast can you get the money Within 24 hours
Funding method Wire Transfer
How does repayment work Weekly/Daily
Contact information
384 Connie Crescent, Concord, ON L4K 5W6
Availability:
OntarioSupport Offered:
- Email Support
- Phone/Social
- FAQs
- Blogs & Tools
Call Center:
Frequently Asked Questions About Magical Business
Who is Magical Business?
How quickly can I get approved?
Magical Business states that most applicants receive a funding decision within 24 hours, making it a fast financing option for businesses needing working capital quickly.
Does Magical Business require collateral?
Merchant Cash Advances are typically unsecured, meaning businesses usually do not need to provide physical collateral like real estate or equipment.
How much funding can I get from Magical Business?
Eligible businesses may qualify for funding up to $300,000, depending on factors such as monthly revenue, sales history, and overall business performance.
What can I use the funding for?
Businesses commonly use funding for: Inventory purchases Payroll Equipment Renovations Marketing Expansion Working capital Cash flow management MCAs are flexible and can generally be used for most business-related expenses.
Magical Business Reviews
Avg. Rating: 5.0 (2 reviews)
Got approved!
“I got a $40K for my restaurant and upgraded my kitchen. Should out to team Magical”
Great team
“I worked with their team to secure multiple rounds of funding for my business. Very professional and knowledgeable people. ”
