MHB Financial

Smarter Loans Expert Review for MHB Financial

Reviewed by: Vlad Sherbatov, Business Finance Analyst at Smarter Loans

Our Take

MHB Financial has positioned itself as a flexible, speed-driven business funding partner for Canadian companies that need capital without the delays and rigidity of traditional banks. Founded in 2020, MHB has already funded over $100 million for more than 10,000 businesses, which speaks to both demand and execution in the alternative financing space.

What makes MHB stand out is its hybrid model. Acting as both a lender and a broker, MHB can fund deals directly while also sourcing competitive options across its partner network. This allows them to tailor solutions more precisely to a business’s cash flow, industry, and urgency, rather than forcing every applicant into a single product.

This is a performance-based lender built for operators who need capital to move quickly.

Who MHB Financial Works Best For

MHB Financial is best suited for small and mid-sized Canadian businesses generating at least $20,000 in monthly revenue and operating for three months or longer. It works particularly well for companies that need working capital, want to smooth cash flow, or are looking to unlock capital tied up in receivables or assets.

Businesses in retail, services, logistics, healthcare, construction, and B2B sectors often benefit from MHB’s range of products, especially invoice factoring and merchant cash advances. It is also a good fit for owners who want optionality, meaning the ability to compare multiple funding structures without reapplying elsewhere.

MHB is less suitable for startups with no revenue or owners seeking long-term, low-interest bank-style loans.

What We Like

Speed is a major advantage. Applications take only a few minutes, approvals often happen within 24 hours, and same-day funding is possible in many cases. That kind of turnaround can be critical when payroll, inventory, or time-sensitive opportunities are on the line.

We also like the breadth of solutions. From unsecured term loans to asset-based financing and point-of-sale programs, MHB can adapt funding to the business model rather than the other way around.

The revenue-based approach is another positive. Decisions focus on real business performance instead of relying strictly on credit scores, which opens doors for owners who have strong operations but imperfect credit.

Where MHB Financial Could Improve

As with most alternative business lenders, cost can be higher than traditional bank financing. Rates start around 7.99%, but total borrowing cost depends heavily on product type, term length, and repayment frequency.

Weekly or bi-weekly repayment schedules can also pressure cash flow if revenue dips unexpectedly, particularly for seasonal businesses. Borrowers should stress-test repayments before committing.

Because MHB offers many funding structures, clarity matters. Business owners should take time to understand how each option affects cash flow and total cost.

Is MHB Financial Right For You?

MHB Financial is a strong option if your business is generating revenue, needs capital quickly, and values flexibility over rigid bank criteria. It works best when timing, access, and tailored structuring are more important than locking in the lowest possible interest rate.

If your business qualifies for traditional bank loans, those may offer lower long-term cost. But for growth-oriented operators who need fast, customized funding and a partner willing to look at the full picture, MHB Financial delivers a practical and well-rounded alternative.

Alternatives to MHB Financial

• Driven
• Merchant Growth
• Journey Capital
• BizFund

Explore more