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Find A LenderMerchant Growth: Overview
Since 2009, Merchant Growth has been a trusted partner for Canadian small businesses, providing fast, efficient, and reliable financing solutions. Small businesses can access up to $800,000, with funds available in as little as 24 hours after approval. With a commitment to clear communication and exceptional service, Merchant Growth helps businesses thrive by offering tailored funding options designed to meet their unique needs.
Our Verdict
| Who is Merchant Growth best for? | Best suited for businesses who: – Have been in operation at least 6 months – Earn a monthly revenue of at least $10,000 – Can cover frequent repayments |
| What we like about Merchant Growth | – Easy application can be completed in as little as 5 minutes – Quick funding in as little as 24 hours – High financing amounts of up to $800,000 – Available in all provinces and territories |
| What we don’t like about Merchant Growth | – New businesses less than 6 months in operation won’t be eligible for financing – Minimum of $10,000 per month is needed to qualify – Frequent repayments may be difficult on your cash flow |
What Does Merchant Growth Offer?
Merchant Growth offers three types of financing to support your business goals:
- Term Financing: A flexible funding option for a wide range of business needs — from expansion projects to equipment purchases.
- Line of Credit: Flexible access to capital when you need it most. Perfect for managing cash flow or handling unexpected expenses.
- E-Commerce Financing: Designed specifically for online businesses to scale operations, fund inventory, and grow sales
Merchant Growth Products: Snapshot
| Term Financing | Line Of Credit | E-Commerce Financing | |
| Amount | $5,000 – $800,000 | $7,500 – $125,000 | $5,000 – $800,000 |
| Repayments | Daily or weekly | Flexible | Daily or weekly |
| Term | 6 – 24 months | Flexible | 6 – 24 months |
| Funding Time | As little as 24 hours | As little as 24 hours | As little as 24 hours |
| Collateral Required? | No | No | No |
| Availability | Canada-wide | Canada-wide | Canada-wide |
| Eligibility | – $10,000 minimum monthly revenue – At least 6 months in business | – $10,000 minimum monthly revenue – At least 6 months in business | – $10,000 minimum monthly revenue – At least 6 months in business |
Qualifying With Merchant Growth
Qualifying for a financing product for your small business from Merchant Growth is relatively easy. Your business will need to meet the following criteria:
- Operate in Canada
- Be in business for at least 6 months
- Earn a minimum revenue of $10,000 per month
How To Apply With Merchant Growth
The application process with Merchant Growth is quick and simple. To apply, follow these steps:
Step 1: Choose Your Application Method
To get started, you’ll need to provide Merchant Growth with a few pieces of information about your business, including the following:
- Months/years in business
- Monthly revenue
You can do this either over the phone or by completing the online application form. Applying will only take a few minutes to complete.
Step 2: Review Your Options
Merchant Growth will look over the information you provide, and then they will reach out to you to discuss the best financing solution for your needs.
Step 3: Get Approved And Funded
Once approved, you should receive your funds in as little as 24 hours following approval.
What We Like About Merchant Growth
Working with Merchant Growth comes with several perks, including the following:
- Easy Application. Complete the application online or over the phone in as little as 5 minutes.
- Quick Funding. Once approved, you can be funded within 24 hours.
- High Amounts. Financing is available for up to $800,000.
- No Collateral Needed. You don’t have to put up collateral to secure your financing with Merchant Growth, so there’s no risk to your valuable assets.
- Available Everywhere. Merchant Growth serves small businesses across all provinces and territories in Canada.
What We Think You Should Watch Out For
While Merchant Growth offers plenty of benefits, there are also some drawbacks to consider:
- Not Suitable For Brand New Businesses. If you’re just starting your business and have not been in operation for at least 6 months, you won’t be eligible.
- Monthly Revenue Requirements. Your business must earn a minimum of $10,000 per month to qualify.
- Repayment. Payments are scheduled either daily or weekly. This works for some businesses but can be a challenge for others because of cash flow.
Is Merchant Growth Safe?
Yes, Merchant Growth is a legitimate company that’s been helping small businesses across Canada since 2009. The company is accredited by the Better Business Bureau with an A+ rating, and has hundreds of positive reviews by customers on Trustpilot.
What Do Consumers Think Of Merchant Growth?
A great way to evaluate the legitimacy and reliability of a company is to see what others have to say about it:
| Better Business Bureau (BBB) | Accredited A+ rating |
| Trustpilot Rating | 4.8/5 stars |
| Social Media Presence | Instagram: 712 followers Facebook: 1.7K X: 603 followers LinkedIn: 2K followers |
| Physical Location | 171 Water St #200, Vancouver, BC |
How Does Merchant Growth Compare To Driven?
Driven is another similar financing company geared towards helping small businesses in Canada grow and achieve their long-term goals. So, how do Merchant Growth and Driven compare to each other?
| Merchant Growth | Driven | |
| Financing Options | – Term financing – Lines of credit – E-Commerce financing | – Business Loan |
| Amounts | $5,000 – $800,000 | $10,000 – $300,000 |
| Terms | 6 – 24 months | 3 – 24 months |
| Repayment Options | – Daily – Weekly | – Daily – Weekly |
| Funding Time | 24 hours | 24 hours |
| Availability | All across Canada | All across Canada |
| Eligibility | – Own a business for a minimum of 6 months – Minimum revenue of $10,000/month | – Minimum 6 months in business – Minimum credit score of 600 – Minimum annual revenue of $120,000 – Business operating in Canada |
Final Thoughts
If your business has been in operation for a few months and has already achieved at least $10,000 a month in revenue, you may qualify for financing with Merchant Growth. With financing up to $800,000 and funding in as little as 24 hours of approval, you can use the extra capital to grow your business and meet your operational goals. No matter where you are in Canada, a financing solution from Merchant Growth may be just what you need to grow your business.
