Merchant Growth Review

Friday, January 17th

2025 Canadian Business Loan Reviews

Merchant Growth

• Both term and line of credit loans available
• Over $500 million lent to 8,000+ Canadian businesses since 2012
• Borrow up to $800,000 in just 24 hours
• Minimum requirements: 6+ months in business, $10K in monthly revenue
• Daily or weekly loan repayments available on fixed financing products
• "A+” rated and accredited by the BBB

Embarking on the quest for the perfect business loan can be a daunting task, but fear not - Merchant Growth is here to make your financing journey accessible and stress-free. This Canadian financial ally is on a mission to provide business owners like yourself with the most convenient and flexible funding solutions available. Since 2012, they've lent over $500 million to more than 8,000 companies nationwide.

Borrow up to $800K

Whether you run an e-commerce empire or a brick-and-mortar business, Merchant Growth has tailored solutions to suit your unique needs. Offering fixed financing options as well as lines of credit, the diverse array of choices here ensures you'll find the perfect fit for your business. And, with an upper limit of $800,000 in lending options, even bigger-than-average small businesses have a chance at getting those big dreams financed by Merchant Growth. To join the Merchant Growth family, you'll need a minimum of six months in business and a monthly revenue of $10,000. Daily or weekly repayments are available for fixed financing products, providing the flexibility that suits your cash flow.

Get ready to get specific

It'll take you under 10 minutes to fill out the initial application. You'll be asked the usual questions about your business (how long you've been in operation, annual revenue, and so on), but Merchant Growth takes it a step further by asking you to authorize connection with your business bank account. That might seem a little scary, but you can read through all of the information about how your data is kept secure and what's collected. Of course, you can also click on "connect my bank later” if you're just not feeling comfortable yet.

Funded faster with a connection

Merchant Growth is quick to point out that you'll be funded faster with that connection, as well as if you complete the following page's tasks: reviewing the terms and conditions, uploading a void cheque, and uploading the last 6 months of bank statements. That's par for the course with most Canadian business loan providers, but this one lets you know right away that it's part of the process. Again, you can submit your application without it; either way, you'll be waiting for a loan specialist to reach out with your specific offer(s) and to ask and answer any remaining questions.

Where does your application actually wind up?

One part of the process here that caught us off guard: after we submitted our application and got the message about being contacted by a Merchant Growth representative, the screen refreshed and took us back to the main page. We weren't given any kind of login information (in fact, we'd never even been asked to choose a password), so it left us wondering where our application had gone. We didn't see anywhere to sign in or to continue uploading documents. It felt a little as if we'd sent sensitive data out into the ether with no way to call it back.

Your partner in growth and success

Reputation matters, and fortunately Merchant Growth shines in this department. With a stellar 97% of clients leaving 4- or 5-star reviews, the consensus is clear - this is a lender that delivers. Repeat customers praise the no-hassle online document signing and swift business loan funding, testifying to the reliability of Merchant Growth over the years. Many clients describe the experience as having a support team at the ready: rather than just dumping funds into your bank account and walking away, your Merchant Growth reps will come alongside you, demonstrating their genuine care for your business and interest in seeing you succeed. The Better Business Bureau agrees, giving this lender a perfect "A+” rating and accreditation.

Trustworthy lender for Canadian businesses

In the vast sea of lending options, Merchant Growth stands out as a trustworthy beacon. With easy-to-meet eligibility requirements, much higher than average loan amounts on offer, a stellar reputation, and a genuine desire to see businesses thrive, they've earned their stripes as a reliable option for business loans in Canada.