Merchant Growth Review

Merchant Growth is a rapidly growing Canadian financing company that caters specifically to small businesses across the country. They provide loans and financing to a wide variety of different industries, from manufacturing to e-commerce and everything in between. With multiple different financing plans to suit each individual business need, Merchant Growth can help your business with renovations, staffing, inventory, technology and anything else that you need to help your business thrive.


As a small business owner, there are many different benefits that using Merchant Growth for your financial needs can offer. Some of the key features that they provide include:

Quick loan approval time

Merchant Growth strives to provide the fastest possible turnaround time from approving your loan application to getting your business the money that it requires. Most loans are approved and distributed within one business day.

Sizeable loan amounts

Merchant Growth offers loan amounts ranging from $5,000 to $500,000. This provides you with the flexibility to invest whatever is necessary into your business to achieve maximum growth and success.

Specialized in small business loans

Because Merchant Growth is specialized in dealing with small businesses, they understand your needs better than a generalized loan company. The services that they offer are geared specifically towards the needs of Canadian entrepreneurs and therefore they are best able to provide you with the knowledge and level of service that your growing company needs.

Flexible loan options

Merchant Growth offers a variety of different types of loans with different pay back options to meet the individual needs of your business and to take into account peak and non-peak seasons.


No matter what your individual business requires in order to grow and succeed, Merchant Growth has a wide variety of different services available. As experts in the field of business loans, they have something for every type of business and for every business need. The most popular services offered by Merchant Growth are:

  • E-Commerce Financing – E-Commerce financing is the perfect option for those entrepreneurs looking to grow their online businesses. This particular financing turns your future cash flow into usable funds right now and can be used for any of your business needs such as social media marketing, web page development or enhancing your online technology.
  • Flex Financing – Flex financing is Merchant Growth’s innovative solution for businesses that run in cycles or are seasonal in nature. This type of financing allows business owners to pay back more of their loan during peak business times and less when business is slower, without penalties. Repayment amounts are calculated based on a percentage of the day’s sales so more is paid back towards your loan on busier days.
  • Fixed Financing – The fixed financing option offered by Merchant Growth is similar to a traditional business loan and is perfect for the business owner that wants to have a predictable repayment schedule or those that don’t have regular debit or credit purchases and work primarily off of cash or cheque payments. Also, businesses that primarily run off of cash or cheques may find it difficult to obtain a loan from a regular banking institution but with Merchant Growth’s fixed financing option and easy approval process, they won’t run into that issue here.
  • Good Cents Loan – The Good Cents Loan is a loan program that sets Merchant Growth apart from its competition. This loan is specifically designed to help small business owners make a positive impact in the communities that they serve. This particular loan will be granted if you are looking to do things that make your business greener, like installing solar panels or EV charging stations or if you are interested in making adjustments to your business to make it more accessible to the community or to those with disabilities.

Frequently Asked Questions About Merchant Growth

What industries does Merchant Growth provide services for?

Merchant Growth provides services for e-commerce, restaurants, cafes, bistros, the automotive sector, the retail industry, salons and spas, skilled trades and manufacturing businesses.

What information does Merchant Growth require in order to apply for a loan?

Merchant Growth requires information on your business such as its financial records and debit and credit transactions.

What do I need in order to qualify for Fixed or Flex Financing?

In order to qualify for Fixed or Flex Financing with Merchant Growth, you must run a Canadian based business that generates $5,000 or more worth of sales per month and you must have been in business for at least six months.

How do I know which loan option is the best for my business?

The type of loan that will be best for your business depends upon the type of business that you own and the needs of your particular operation. Flex financing is usually preferred by business owners that run a seasonal business that has specific slow and peak times, while more predictable operations usually prefer a fixed financing plan. The amount of financing you require will also determine the loan that is best for you. Flex financing is perfect for those looking for a loan of between $5,000 to $500,000 while Fixed financing will work for those looking for $10,000 to $500,000. If you require a loan because you are making improvements to your business that will positively impact the environment or local community then a Good Cents Loan will be the perfect option for you.

What type of collateral is required?

When obtaining a loan through Merchant Growth, there is no collateral required.

Merchant Growth works really hard to make business financing easy to understand, accessible for everyone, and makes the whole process quick…really quick. Learn more here!

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Smarter Loans Staff

The Smarter Loans Staff is made up of writers, researchers, journalists, business leaders and industry experts who carefully research, analyze and produce Canada's highest quality content when it comes to money matters, on behalf of Smarter Loans. While we cannot possibly name every person involved in the process, we collectively credit them as Smarter Loans Writing Staff. Our work has been featured in the Toronto Star, National Post and many other publications. Today, Smarter Loans is recognized in Canada as the go-to destination for financial education, and was named the "GPS of Fintech Lending" by the Toronto Star in 2019.