In this guide

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  • Frequently asked questions
  • Your reviews
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Merchant Growth Business Loan
APR Range
12.99% – 39.99%
Loan Amount
$5,000 – $800,000
Loan Term
6 – 24 months
Minimum Revenue
$10,000 /month
Minimum Time in Business
6 months


Fast, flexible financing are why many customers rate Merchant Growth 5 stars. But your business won't qualify without $10K+ in monthly revenue.

Small businesses can get loans and lines of credit for just about any business expense, whether it be equipment, inventory, staffing or cash flow. Merchant Growth has less strict requirements than traditional banks, but you'll still need to meet minimum operating and income requirements. If your business is brand new, you might need to look elsewhere.


  • Loans and merchant cash advances up to $800,000 with flexible daily or weekly payments
  • Lines of credit up to $125,000
  • Funding in as little as 24 hours
  • Quick, easy online application
  • Many positive customer reviews


  • Requires $10,000 minimum monthly revenue
  • Potentially high interest rates
  • No mobile app for checking your balance and making repayments

In this guide

  • Review
  • Frequently asked questions
  • Your reviews

What does Merchant Growth do?

Merchant Growth provides alternative small business financing solutions, including loans, merchant cash advances and lines of credit. It also offers a B2B Buy Now, Pay Later app called Tabit.

With Merchant Growth, business owners can borrow between $5,000 and $800,000. Interest rates range from 12.99% to 39.99%. Once approved, funds are released within 24 hours. E-commerce businesses are welcomed to apply.

How does Merchant Growth financing work?

Term loan & merchant cash advanceLine of credit
Amount$5,000 – $800,000$7,500 – $125,000
Term6 – 24 monthsOngoing
Repayment frequencyDaily or weeklyMonthly
Collateral required?Optional (might lower your rate)No

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What we like about Merchant Growth

  • Easy to apply. Fill out the online application in just 5 minutes.
  • Quick funding. Once approved, funds will arrive in your bank account in as little as 24 hours.
  • High maximum. You can apply for up to $800,000 in funding.
  • No collateral required. There’s no need to secure your loan with assets like your home or vehicle. But you can use collateral to qualify for a loan with lower rates.
  • Multiple types of financing. Merchant Growth offers lines of credit, loans and merchant cash advances for both traditional and e-commerce businesses.
  • Application doesn’t affect your credit score. You can apply and find out what you’re eligible for without hurting your credit history.
  • Great customer reviews. Hundreds of Trustpilot customers rate Merchant Growth 5 out of 5 stars. Customers love the lender’s fast processing time and easy requirements.

What to watch out for

  • Monthly sales requirements. You need monthly sales of at least $10,000 to qualify.
  • Not suitable for brand new businesses. You won’t be eligible for funds if your business is less than 6 months old. Learn more about startup loans.
  • Credit score requirement. It’s recommended that you have a credit score of at least 550, although this isn’t the only factor considered during the application process.
  • Potentially more expensive than banks. Merchant Growth financing can be more expensive than a bank loan if you have less-than-good credit. But it might still be worth considering if you can’t get approved by a bank.

Is Merchant Growth a legitimate company?

Yes, Merchant Growth is a legitimate business financing provider. As a loan company, it’s regulated by the Financial Consumer Agency of Canada.

The company was founded in 2009 by CEO David Gens and is headquartered in Vancouver. In 2014, Gens was recognized in Business in Vancouver’s “Top 40 Under 40” list. In 2018, he was nominated for the EY Entrepreneur of the Year awards. Gens hosts Fintrepreneur, a biweekly finance and entrepreneurship podcast available on Spotify, Audible and RedCircle.

Merchant Growth employs 50-100 people and is estimated to be worth several hundred million dollars. It’s office is located at 171 Water St #200, Vancouver, BC V6B 1A7.

Compare Merchant Growth to other business loan providers

1 - 3 of 3
Name Product APR Range Loan Amount Loan Term Minimum Revenue Minimum Time in Business Loans Offered Broker Compliance
Journey Capital Business Loan
8.00% – 29.00%
$5,000 - $300,000
6 - 18 months
6+ months
Term Loan, Line of Credit, Merchant Cash Advance
To be eligible, you must have been in business for at least 6 months with a minimum annual gross revenue of $100,000.

Journey Capital offers fast and simple financing. Apply in less than 10 minutes with your basic business information and see your loan offers without hurting your credit score. Get approved within 1 business day, and choose your term, amount and payback schedule once approved.
Merchant Growth Business Loan
12.99% – 39.99%
$5,000 – $800,000
6 – 24 months
$10,000 /month
6 months
Unsecured Term, Line of Credit, Merchant Cash Advance
To be eligible, you must have been in business for at least 6 months and have a minimum of $10,000 in monthly sales.

Merchant Growth offers financing tailored to business needs. It specializes in providing capital based on future cash flows, but it also offers fixed solutions. Fill out an application within 5 minutes and get your funds within 24 hours.
Loans Canada Business Loan
6.60% - 29.00%
$4,000 - $500,000
3 - 60 months
over $10,000/month
100 days
Unsecured Term
Loans Canada is a loan search platform with access to multiple lenders. Applicants will be matched with a suitable lender based on credit history and borrowing requirements.
To be eligible, you must have been in business for at least 100 days, have a Canadian business bank account and show a minimum of $10,000 in monthly deposits ($120,000/year).

Loans Canada connects Canadian small business owners to lenders offering financing up to $500,000. Complete one simple online application and get matched with your loan options.

How do I apply for a Merchant Growth loan or line of credit?

To qualify for Merchant Growth financing, you need to meet a few basic requirements and be prepared to provide information about you and your business.

Eligibility requirements

To be eligible for business financing through Merchant Growth, your business must:

  • Be based in Canada
  • Be at least 6 months old
  • Earn at least $10,000 in monthly sales
  • (Recommended) have a credit score of at least 550
  • You must be at least the age of majority in your province or territory (18 or 19)

Required information

  • Personal information like your full name, date of birth and phone number and home address.
  • Business information like your approximate annual revenue, time in operation and business address.

Application process

Merchant Growth’s online application is quick and straightforward.

  1. Go to the Merchant Growth website, or hit the green button below.
  2. Enter your first and last name, email and company name. Select Let’s Go.
  3. Provide basic business information like your industry, annual revenue, business name and time in operation.
  4. Provide personal information like your date of birth, phone number, home address and business address.
  5. Agree to the terms and conditions, and select Submit My Application.
  6. You’ll have the option to let Merchant Growth view your business bank account by connecting electronically to your bank. You can also do this later, which may delay your application.
  7. After submitting your application, you’ll be contacted within 24 hours to finish the process (additional documents may be required) and find out if you’ve been approved.

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How much does Merchant Growth financing cost?

The cost of a Merchant Growth loan or line of credit depends on factors like your credit score and business revenue. APRs generally range from 12.99% to 39.99%. Lower rates are usually offered to businesses with a strong credit history, high sales and low debt.

Frequently asked questions

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