MHB Financial is a Canadian company specializing in providing working capital to businesses across the country. Founded in 2020, they have helped over 10,000 customers and facilitated more than $100 million in funding.
Products Offered
$5K - $2M
From 7.99%
2 - 36 Months
Working Capital, Invoice Factoring, Merchant Cash Advance, and more.
Conditions & Rates
Interest Rate:
Competitive rates starting at
7.99%
Loan Amount Range:
From $5,000 to $2,000,000
Repayment Term Lengths:
Flexible repayment terms spanning 2 to 36 months
Eligibility & Required Documents
Eligibility Criteria:
- Must generate a minimum of $20,000 in monthly revenue
- Must have been in business for at least 3 months
Documents Needed:
- Three months of recent bank statements
- Government-issued ID
- Additional documentation may be requested
Repayment & Issuance
How Are Loan Proceeds Sent?
Loan proceeds are sent via direct deposit.
How Long Does the Process Take?
- Application Time: Under 5 minutes
- Approval Time: Within 24 hours
- Loan Issuance: Same day
How Are Payments Made?
Repayments are made through weekly or bi-weekly schedules.
Contact information
Frequently Asked Questions About MHB Financial
Who is MHB Financial?
Why should I consider MHB Financial?
MHB Financial takes the guesswork out of finding the best financing. If they cannot meet your needs directly, they will source funding from other lenders to secure the best deal for you. Their streamlined process ensures you receive quick approvals and funding, so you can focus on growing your business.
What is the interest rate on loans from MHB Financial?
Interest rates start at 7.99%, ensuring competitive and transparent pricing for all clients.
What are the eligibility requirements for MHB Financial?
Repayment options are flexible. Businesses can choose between fixed daily or weekly payments or repayments based on a small percentage of sales. This approach ensures that payments are manageable and do not over-leverage your business.
How does MHB Financial ensure I’m getting the best deal?
MHB Financial acts as both a lender and a broker. If they can secure a larger amount of capital or a better rate through a partner company, they will source the financing elsewhere to provide you with the best deal available.
What documents do I need to apply?
Applicants are required to provide three months of business bank statements and valid government-issued ID. Additional documentation may be requested during the review process.
What does MHB Financial do?
MHB Financial offers customized financial solutions, including unsecured term loans, invoice factoring, merchant cash advances, lines of credit, secured asset-based loans, point-of-sale financing, and more. They work as both a lender and a trusted broker to ensure clients receive the best possible financing options.
How much can I borrow from MHB Financial?
You can borrow between $5,000 and $2,000,000, depending on your business revenue and financial needs.
How quickly can I get approved and receive funding?
The application process takes under 5 minutes, and approvals are typically completed within 24 hours. Once approved, funds can be disbursed on the same day.
How does repayment work with MHB Financial?
To qualify, businesses must be located in Canada and have been operating under their current ownership for at least 3 months. They must generate at least $20,000 in monthly revenue, not be a start-up, and have no open bankruptcies.
What makes MHB Financial different from other lenders?
MHB Financial prioritizes transparency, speed, and client success. With a 97% approval rating, competitive rates, and a commitment to finding the best financing for their clients, they offer a unique blend of personalized service and reliable solutions.
MHB Financial Reviews
Avg. Rating: 4.6 (8 reviews)
January 18, 2025
“I needed business financing and MHB Financial was able to help me by finding the right kind of terms and deal for my business.”
January 18, 2025
“This is the fourth time I have received working capital through MHB, they always come through!”
January 18, 2025
“The service at MHB was great and they made the whole process of getting business funding easier than I expected. Would recommend to business owners in Canada. ”
March 31, 2025
“Great service, great people and great results. Def will use again in future (if needed)”
April 28, 2025
“Decent experience. There was a bit of back and forth during the documentation process.”
April 28, 2025
“Their team was knowledgeable and patient. They answered all my questions and walked me through the process.”
April 28, 2025
“MHB helped us get a home equity loan with clear terms and no surprises. Overall solid experience.”
April 28, 2025
“Excellent customer service and very competitive rates. MHB Financial made the loan process stress-free.”