Time in business:
Loans offered:
MPower Funds is a leading financing platform that connects Canadian businesses with trusted lending institutions. Acting as an aggregator, MPower Funds simplifies the borrowing process by offering access to a wide range of loan products, transparent terms, and expert guidance. Their mission is to empower businesses with fast, flexible, and affordable financing options that fuel growth.
Products Offered
AMOUNT
$5K - $1M
INTEREST RATE
5 to 25%
TERMS
6 to 48 months
Unsecured Term Loans, Merchant Cash Advances, Business Lines of Credit
Conditions & Rate
Interest Rate
5% to 25%
Amount
$5000 to $1,000,000
Term
6 months to 48 months
Eligibility & Documents
Who is eligible?
- Flexible, since they work with a wide network of lenders to match businesses with the right solution
- Canadian small and medium-sized businesses of all industries can apply
- Factors such as your business’s financial health, revenue, and time in operation will help determine the type of loan you qualify for.
What do you need to provide?
- The exact requirements may vary depending on the product, but MPower Funds uses a soft credit check so you can see if you’re eligible without affecting your credit score.
- A consultation with their team will confirm what documents and details are needed for your specific funding request.
Repayment & Issuance
How fast can you get the money?
Receive a decision in under 48 hours.
Funding method
Funds are typically deposited directly into your account within a few business days.
Contact information
sales@mpowerfunds.com- 2858 Calgary Trail NW, Edmonton AB, T6J6V7
Availability:
All of Canada except QuebecSupport Offered:
- Help Centre
- Online Chat
- Call Centre
Call Center:
9am - 8pm MST (24x7 Virtual Assistance)Frequently Asked Questions About MPower Funds
Who is MPower Funds?
How much can I borrow?
Loan amounts range from $5,000 to $1,000,000, depending on your business needs and eligibility.
What types of financing does MPower Funds offer?
MPower Funds provides access to a wide range of business financing solutions, including unsecured term loans, merchant cash advances, business lines of credit, invoice factoring, secured asset-based loans, point of sale financing, short-term business loans, SBA government-backed loans, pre-launch funding such as 0% credit card options, and home equity lines of credit. This variety ensures that businesses of all sizes can find a funding solution that fits their unique needs.
How does the application process work?
The application process with MPower Funds is simple and straightforward. You start by completing a secure online application that only takes a few minutes. Once submitted, you can expect a decision in under 48 hours. If approved, the funds are typically deposited directly into your account within just a few business days.
What are the eligibility requirements?
Eligibility requirements vary by loan product and lender. MPower Funds provides personalized consultations to determine the best options for your business. A soft credit check is used, meaning your credit score won’t be negatively impacted when checking eligibility.
How do I apply for a loan?
You can begin by filling out MPower Funds’ secure online application. It takes only a few minutes, and checking your eligibility will not affect your credit score. After approval, you’ll be connected with the best funding option for your needs.
Who do they help?
MPower Funds helps small and medium-sized businesses across all industries. Whether you are a startup seeking capital to launch, a growing company expanding operations, or an established business in need of working capital, MPower Funds provides tailored solutions that support your goals.
What are the interest rates?
Interest rates typically range from 5% to 25%, depending on the loan type, your business profile, and repayment terms.
What are the repayment terms?
Repayment terms with MPower Funds range from 6 to 48 months, with payments made on a weekly basis.
How fast can I get approved and funded?
You can usually get approved within 48 hours, and once everything is finalized, the funds are deposited into your account within a few business days.
What documents do I need?
Required documents vary by loan type, but typically include business financials and identification. Specific requirements are discussed during the application process.
Why choose MPower Funds over other lenders?
Choosing MPower Funds means gaining access to over 100 lending partners with funding solutions tailored specifically to Canadian businesses. They offer fast approvals and funding, transparent terms with clear repayment plans, and expert guidance with no hidden fees. Through competitive comparison, MPower Funds also guarantees the best funding options available for your business.
MPower Funds Reviews
Avg. Rating: 5.0 (3 reviews)
Great job by MPower
“They helped me with business financing to expand to a new location. Great experience all around! ”
Thank you MPower Funds
“I was having a hard time getting approved for funding to obtain new equipment for my restaurant. Thanks for MPower Funds, I got the growth capital I needed quickly and with flexible terms. ”
Would use again
“I would recommend MPower Funds to any small business looking to invest into growth. Just make sure you are smart with the money and have a solid plan on how to use it and manage your repayments. ”
