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Merchant Growth Business Loan review

Get quick access to cash to grow your business with various types of loans and flexible repayment options from Merchant Growth.

Merchant Growth offers several types of financing for businesses that have been operational for six months or more. You’ll also need to have a physical location for your business along with six months left on your lease if you want to qualify for most loan products.

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If you need money to grow your small business and aren’t sure where to turn, you might be able to benefit from a loan with Merchant Growth. If you qualify for financing, this experienced private lender, formerly called Merchant Advance Capital, will let you take out as much as $500,000 to meet the needs of your business. You won’t have to put up any collateral to secure your loan and can make either fixed or flexible repayments based on what works best for your business.

Find out more about what types of loans are available with Merchant Growth and learn how you can get approved quickly and easily.

What makes Merchant Growth unique?

Merchant Growth strives to provide businesses with financing online in just 24 hours with no hidden fees. It serves business across a range of industries like e-commerce, restaurants, automotive, retail, salons and spas, skilled trades and manufacturing. Its payment process is fully automated, collecting a percentage of your debit/credit card sales every day, which means you won’t have to think about making monthly payments. Merchant Growth will analyze your historical sales to tailor their financing program to your business.

What types of loans does Merchant Growth provide?

Merchant Growth offers several types of financing for businesses that have been operational for six months or more. You’ll also need to have a physical location for your business along with six months left on your lease if you want to qualify for most loan products.

  • E-commerce financing. E-commerce financing can be used for just about anything you need for your business. The best part is that it functions just like a merchant cash advance, which means you’ll only make repayments when your business is making money. Repayments for this type of loan are scheduled on a daily basis based on a very manageable percentage of your daily sales.
  • Flex Financing Solution. If you’re looking for a flexible repayment plan, then this no-collateral financing will likely be right up your alley. Flex loans allow you to borrow between $5,000 and $500,000, which you’ll pay back with a percentage of your daily credit card and debit sales. The interest rates you get on your loan will typically be based on your revenue and the amount you borrow.
  • Fixed Solution. Fixed loans are most similar to traditional business loans. They run from $10,000 to $500,000, and provide you with a fixed daily repayment schedule and maturity date for your loan. These types of loans are a better fit for businesses that have very predictable revenue streams that don’t fluctuate based on peak periods or seasonal lulls.
  • Good Cents Loan. This type of loan is reserved for businesses that want to make eco-friendly or community-building updates to their facilities or processes. This could include anything from installing solar panels to making bathrooms more accessible for persons with disabilities to creating a community kitchen. This loan functions much like a normal business loan except you might be eligible for preferential rates if your project qualifies.

Quick comparison of loan types


What’s it for

How it works

Sales needed to qualify

Best for

E-commerce and Flex Financing Solution

Funding daily expenses with future sales income

Get an advance on your future sales and pay it back with a percentage of daily revenue

$10,000 /month

Best for businesses that earn unpredictable streams of revenue

Fixed Solution

Covering a large, one-time expense

Borrow a lump sum and pay it back plus interest in a predetermined amount of time

$10,000 /month

Best for businesses that earn very stable revenue and want predictable monthly payments

Good Cents Loan

Paying for updates to your business that are designed to protect the environment or build community.

Get the funds you need to pay for qualified projects at a preferential interest rate.

Not disclosed

Best for businesses that are contemplating “doing good” and want to partner with a socially responsible lender

What should I know before I apply?

How to apply

If you’ve compared a number of private lenders and think that Merchant Growth seems like the best option, you can apply online in a matter of minutes.

  1. Click the green “Apply now” button below to be securely redirected to the online application.
  2. Complete the loan application with your personal details and submit proof of ID and relevant documents.
  3. Review and submit your application.
  4. Get verified and approved in as little as 24 hours if you’re eligible for a loan.

Pros and cons


  • Easy to apply.
    It takes only a couple of minutes to find out if you qualify and apply online.
  • Quick access to funds.
    You can be approved and get access to funds in as little as 24 hours.
  • High loan amounts.
    You can apply for a loan up to $500,000 in a matter of minutes.
  • No collateral required.
    There’s no need to secure your loan against an asset like your home or vehicle.
  • Many loan types.
    You can choose the funding option that makes the most sense for your business.
  • No minimum credit score.
    Your credit score won’t factor in for most loans as long as your business is making enough revenue.


  • Monthly sales requirements.
    You’ll need to make at least $10,000 /month in sales on average to take out a Merchant Growth loan.
  • No home-based businesses.
    Most loans are reserved for businesses that have a physical location with at least six months left on the lease.
  • Startups can’t apply.
    You won’t be eligible for funds if your business is less than six months old.

Bottom line

Merchant Growth offers various loan types and repayment schedules for businesses over six months old with a physical location and monthly sales. You can apply online and get approved in less than 24 hours if you meet the requirements. Just make sure to compare three to four private lenders before settling on Merchant Growth to ensure you’re getting the best deal.

Compare other business loans

Name Product Interest Rate Loan Amount Loan Term Minimum Revenue Minimum Time in Business Loans Offered
SharpShooter Funding Business Loan
Prime pricing from 9.00%
$500 - $250,000
6 - 120 months
$10,000 /month
100 days
Unsecured Term, Merchant Cash Advance, Invoice Factoring
To be eligible, you must have been in business for at least 100 days with a minimum of $10,000 in monthly deposits.

SharpShooter provides capital to small businesses that are underserved by banks and credit unions. It measures overall business health and potential rather than focusing strictly on traditional metrics. Fill out a simple application and get pre-approved in minutes. Receive your funds within 24 hours.
Swoop Funding Business Loan
4.00% - 25.00%
$1,000 - $5,000,000
3 - 60 months
$10,000 /month
24 months
Term, MCA, LOC & more
To be eligible, you must have been in business for at least 24 months and have a minimum of $100,000 in annual revenue.

Swoop partners with banks and alternative lenders to match your business with the right funding options. Register for free and browse your offers without affecting your credit score.
Lending Loop Business Loan
Starting at 4.96%
$10,000 - $500,000
3 - 60 months
$8,500 /month
12 months
To be eligible, you must have been in business for at least 12 months and have a minimum of $100,000 in annual revenue.

Lending Loop is Canada’s first regulated peer-to-peer lending platform. Complete an application in 5 minutes. Once you accept your loan offer, investors will begin to fund your loan on the marketplace. Your loan will be transferred to your bank account when it is fully funded.
OnDeck Business Loan
8.00% – 29.00%
$5,000 - $300,000
6 - 18 months
$10,000 /month
6 months
Secured Term, Line of Credit, Merchant Cash Advance
To be eligible, you must have been in business for at least 6 months with a minimum monthly revenue of $10,000.

OnDeck 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.
Loans Canada Business Loan
Prime Pricing from 9.00%
$2,000 - $350,000
3 - 60 months
$4,166 /month
100 days
Unsecured Term
To be eligible, you must have been in business for at least 100 days, have a credit score of 410+ and show a minimum of $4,166 in monthly deposits ($50,000/year).

Loans Canada connects Canadian small business owners to lenders offering financing up to $350,000. Complete one simple online application and get matched with your loan options.

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