MHB Financial logoMHB Financial Review 2026

QUALITY LENDER What these mean ›
★★★★★ 4.6 · 11 borrower reviews
MHB Financial is a Canadian business lender offering term loans from $5,000 to $2 million, and merchant cash advances priced as factor rates. Funding in as little as 48 hours.

Apply Now Check if I Qualify ↓

Rates checked August 5, 2026

Our verdict

Written and analysed by Smarter Loans Editorial Team · Reviewed by Rafael Rositsan

Best for
Established businesses needing a large raise with short-term flexibility
Not for
Businesses under a year old
What we like
  • + 7.99% APR floor with a $2 million ceiling
  • + Terms from 2 months for very short needs
  • + Advance available alongside the term loan
Where it could improve
  • − 12 months trading and $10,000 monthly revenue required
  • − Advance is factor-priced, so compare true cost before choosing

Products offered

Each product is priced separately. Compare them below.

Term Loan
Unsecured · All of Canada
Apply Now
Amount
$5K - $2M
Rate
From 7.99% APR
Terms
2 - 36 months
Min revenue
$10,000/mo
Time in business
12+ months
Merchant Cash Advance
Repaid as a share of sales · All of Canada
Apply Now
Amount
$5K - $500K
Rate
Factor 1.1 - 1.5See true cost ›
Terms
3 - 12 months
Min revenue
$10,000/mo
Time in business
12+ months
Good to know: Priced as a factor rate, never converted to APR. The MCA true-cost calculator converts it to dollars.

See if you qualify

Three questions checked against MHB Financial's published criteria, per product. No application started.

Answer the questions to check MHB Financial's published criteria
Educational check against published criteria. Not an approval or offer.

Awards earned by MHB Financial

Issued by our editorial team from platform data and verified reviews. Lenders cannot buy them.

QUALITY LENDER badge Quality Lender

Meets our full vetting standard: licensing verified in every province served, transparent pricing, and accessible support.

Badges are issued by our editorial team from platform data and verified reviews. They are never sold, and featured placement has no bearing on them. Read the badge criteria ›

Borrower reviews

11 reviews from borrowers who used MHB Financial. Reviews are moderated; lenders cannot remove them.

★★★★★ Thank you MHB

I needed business financing and MHB Financial was able to help me by finding the right kind of terms and deal for my business.

James L.
★★★★★ Always Reliable

This is the fourth time I have received working capital through MHB, they always come through!

Sarah W.
★★★★★ Simple Process

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.

Fred B.
★★★★★ Great great great

Great service, great people and great results. Def will use again in future (if needed)

EJ Wintin
★★★★★ Stress-Free Loan Process & Great Service

Excellent customer service and very competitive rates. MHB Financial made the loan process stress-free.

Noah P.
★★★★☆ Clear Terms, No Surprises – Solid Experience

MHB helped us get a home equity loan with clear terms and no surprises. Overall solid experience.

Rachel G.
★★★★★ Knowledgeable Team That Guides You Every Step

Their team was knowledgeable and patient. They answered all my questions and walked me through the process.

Derek V.
★★★☆☆ Decent Experience with Some Back and Forth

Decent experience. There was a bit of back and forth during the documentation process.

Sandra H.
★★★★★ Clear and Honest Experience

I appreciated how transparent MHB Financial was. They made sure I understood everything before signing.

Leo S.
★★★★☆ Professional and Polite Team

Very professional and courteous staff. Process was smooth from start to finish.

Brianna M.

Showing 10 of 11 reviews.

Common questions about MHB Financial

Who is MHB Financial?

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.

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.

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.

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.

What is the interest rate on loans from MHB Financial?

Interest rates start at 7.99%, ensuring competitive and transparent pricing for all clients.

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.

MHB Financial · $5,000 - $2 million · 2 products · funding in 48 hours Apply Now