Merchant Cash Advance Canada
Leverage your future sales deposits to unlock immediate working capital today. Up to $250,000 with no collateral and decision in 24–72 hours.
How Merchant Cash Advance Canada Works
Unlike traditional bank loans that require business plans, financial projections, and assets as collateral, we qualify your business based on your average monthly deposit history.
Minimum Eligibility Criteria
- ✔ Active business operations in Canada
- ✔ At least 6 months of active sales history
- ✔ Minimum $10,000 in monthly revenue deposits
- ✔ Clean business checking account history
Advantages
- ✓ Extremely fast approvals — decision in 24–72 hours
- ✓ No asset collateral or personal guarantees required
- ✓ Payments adjust automatically to your daily credit/debit card revenue
- ✓ No compound interest — fixed factor rate agreed upfront
- ✓ Poor credit history is acceptable if business revenue is strong
Disadvantages
- ✕ Higher APR compared to traditional long-term bank loans
- ✕ Frequent daily or weekly automated repayment deductions
- ✕ Does not build traditional business credit scores
Frequently Asked Questions About Merchant Cash Advance Canada
How does a Merchant Cash Advance differ from a business loan?
A Merchant Cash Advance (MCA) is not a loan. It is the purchase of a portion of your future card receivables or bank deposits at a discount. Because of this, it does not carry an interest rate (APR) but rather a fixed factor rate, and repayments flex according to your daily credit card sales.
What is a factor rate?
A factor rate is a decimal multiplier used to determine the total cost of the advance. For example, if you receive $50,000 with a factor rate of 1.22, you will repay a total of $61,000 ($50,000 x 1.22). This amount is fixed and does not change based on how long it takes to repay.
Will my credit score be checked?
We perform a soft credit check that has zero impact on your credit score. Underwriters prioritize your average monthly deposits and business consistency over personal credit history.