fbpx

What is Merchant Cash Advance?

2M7’s merchant cash advance is designed to meet the financial needs of Canadian small businesses. Flexible financing and easy repayment schedules that work for your business cash flow.

  • Home
  • What is Merchant Cash Advance?
merchant cash advance for cannabis businesses

Since 2008, 2M7 Financial Solutions has been helping small-medium Canadian businesses get quick and easy access to financing solutions. Unlike other lenders, our merchant cash advance specialists take great care of our customers.

That is why we have a 97% approval rate on all submitted applications. If you think your business could benefit from a business cash advance, speak with one of our specialists today.

Get Started!

We provide up to 125% of your average monthly sales, which can be deposited into your account as soon as the same day!

For example, if your business generates $25,000 in monthly sales, your business would be eligible for up to $31,250 as a merchant cash advance.

With our Split Program, a “withholding percentage” would be automatically deducted from your daily transactions until your advance is fully repaid.

No interest, no hidden fees and your repayments are based on your sales.

Merchant Cash Advance Basics

Quickly and easily become educated on exactly what Merchant Cash Advances
are and how they can immediately help your business.

Interest Free

MCA allows businesses to obtain an interest-free advance on the regularly flowing funds of the merchant account.

Not A Loan

A merchant cash advance is NOT a loan, but rather an advance of funds based upon the future sales of a business.

Witholding

Each day, an agreed upon percentage of the sales are collected in order to pay back the advance.

Flexible Payments

Repayment is based on a percentage of the daily card sales, instead of a set daily/monthly repayment amount

What can I use it for?

You have absolutely zero restrictions as to
where, how and when you make use of your advanced funds.

EXPANSIONS

EMPLOYEE WAGES

MARKETING

UPGRADES

INVENTORY

Does My Business Qualify?

In order to qualify for a standard funding package, your business needs the minimum:

OPERATIONAL FOR A MINIMUM OF 90DAYS

ACCEPTS CREDIT/DEBIT CARDS (MINIMUM OF $10,000/MONTH)

LOCATED IN CANADA (EXCL. QUEBEC)

YOU HAVE NO OPEN BANKRUPTCIES (PERSONAL OR COMMERCIAL)

Speak to a specialist today!

Speak to one of our trained specialists to better understand what options we have for your business.

  • This field is for validation purposes and should be left unchanged.

2M7 Financial Solutions is a provider of alternative funding & merchant cash advances for Canadian businesses. We have developed a proprietary system to evaluate risk and determine credit worthiness in a way that is not used by traditional funding sources such as banks.

Contact us

Stay Connected

© 2022 2m7 Financial Solutions. All rights reserved.