Merchant Growth Review: Rates, Pros & Cons
- APR Range
- 12.99% – 39.99%
- Loan Amount
- $5,000 – $800,000
- Loan Term
- 6 – 24 months
Summary
Fast, flexible financing is 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.
Pros
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Loans and merchant cash advances up to $800,000 with flexible daily or weekly payments
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Lines of credit up to $125,000
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Funding in as little as 6 hours
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Quick, easy online application
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Many positive customer reviews
Cons
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Requires $10,000 minimum monthly revenue
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Potentially high interest rates
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No mobile app for checking your balance and making repayments
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 solution 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 as little as 6 hours. E-commerce businesses are welcome to apply.
Is Merchant Growth a legitimate company?
Yes, Merchant Growth is a legitimate business financing provider. The company was founded in 2009 by CEO David Gens and is headquartered in Vancouver. It is a registered business in BC and operates under applicable Canadian federal and provincial lending laws, including British Columbia’s Business Practices and Consumer Protection Act.
The company is also a member of the Canadian Lenders Association (CLA), an industry body representing non-bank lenders and fintech financing providers in Canada.
How does Merchant Growth financing work?
| Term loan & merchant cash advance | Line of credit | |
|---|---|---|
| Amount | $5,000 – $800,000 | $7,500 - $125,000 |
| Term | 6 – 24 months | Ongoing |
| Repayment frequency | Daily or weekly | Monthly |
| Collateral required? | Optional (might lower your rate) | No |
What are the interest rates of Merchant Growth?
For business loans, Merchant Growth’s interest rates are 12.99% – 39.99%.
For its line of credit, Merchant Growth also offers rates of 12.99% - 39.99%.
Lower rates are usually offered to businesses with a strong credit history, high sales and low debt.
What we like about Merchant Growth
- Easy to apply. Fill out the online application in just five minutes.
- Quick funding. Once approved, funds will arrive in your bank account in as little as 6 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 users have rated Merchant Growth 4.9 out of 5 stars. Customers love the lender’s fast processing time and easy requirements.
- Flexible eligibility requirements. Merchant Growth focuses more on business cash flow than perfect credit scores, making it more accessible than traditional banks.
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.
- Shorter repayment terms. Merchant Growth offers a shorter loan term, 6 – 24 months, than traditional lenders.
Compare alternatives
8.1 Great
APR
Starting at 8.00%
Loan Amount
$10,000 - $1,000,000
Loan Term
3 months - 24 months
7.9 Great
APR
12.99% – 39.99%
Loan Amount
$5,000 - $800,000
Loan Term
6 months - 24 months
What do Merchant Growth reviews say?
Merchant Growth reviews are generally positive, with many customers highlighting fast funding, helpful customer service and a straightforward application process.
However, some negative reviews state that interest rates are high and that customer service was unresponsive after applying. Merchant Growth replies to most of the negative reviews on Trustpilot, addressing concerns or offering to investigate them.
| Site | Merchant Growth reviews |
|---|---|
| Trustpilot | 4.9/5 based on 695 reviews |
| BBB accredited | Yes |
| BBB rating | A+ |
| Google Maps (Vancouver office) | 4.2/5 based on 186 reviews |
Accurate as of May 14, 2026.
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 in business for at least 6 months
- 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, 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.
- Go to the Merchant Growth website, or hit the green button below.
- Select Apply Now and check your eligibility by inputting how long your business has been operating and its annual revenue.
- Choose your business structure from Corporation or Partnership/Sole Proprietorship.
- Enter your business operating name, legal business name and industry.
- Input the loan amount you want and your business’s address.
- Provide personal information like your date of birth and home address.
- Connect your bank account or upload PDF bank statements to verify your revenue.
- Agree to the terms and conditions, and select Submit My Application.
- 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.
Frequently asked questions
Sources
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