Merchant Growth Review (June 2024) – Pros, Cons, Features, & Pricing

If you need money or are in need of some creative financing for your business, you should contact Merchant Growth today to start your journey on the right foot! Merchant Growth is a company that provides fast and friendly loan alternatives to businesses. Founded in 2009, Merchant Growth has helped over 1,000 Canadian small business owners grow their companies by providing the appropriate support they need when it comes to financing.

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Last Updated: Jun 16, 2024

Merchant Growth

  • Approved funds received in 1-2 business days
  • No need to secure your loan against assets
  • Apply for a loan up to $800,000 in minutes

Get quick access to cash to grow your business with various types of loans and flexible repayment options from. - Claim this offer

With an innovative approach that blends thoughtful customer care with complete transparency and cutting-edge technology, Merchant Growth is able to provide quick access to loans for its clients in Canada.

Read the Merchant Growth review below to learn more about the benefits of working with this company.

What is Merchant Growth?

Merchant Growth is a part of the Canadian Lenders Association. It provides fast, accessible financing for small businesses in Canada. They have nearly 2,000 customers and have funded over 150 million dollars to date.

Additionally, they provide loans with flexible terms for businesses that are looking for alternative means of securing capital without having to resort to bank loans.

Merchant Growth is a company that provides merchant solutions for businesses of all sizes, including an easy-to-use website builder.

They allow you to set up your own business in less than 20 minutes and have plenty of payment options tailored to the needs of any size business, which includes providing no collateral requirements or monthly fees.

Merchant Growth Review: What makes it unique?

Merchant Growth Review is a Financing company that offers businesses a 24-hour financing option without hidden fees. This type of company can offer convenience and flexibility, but it’s important to understand what this means before you sign up for the service.

The Merchant Growth Review finance program has no monthly payments, meaning there are no surprises when it comes time to pay back your loan. The only cost involved with the loan will be the interest rate associated with borrowing from them, which is calculated at an annual percentage rate.

The program offers a wide range of financing options for businesses, including cash advances and purchase orders. This Financing company promises transparency in the process to make sure your business is getting what it needs without any hidden fees or surprises.

Merchant Growth Review: Is it safe?

The Canadian Lenders Association is a business that offers merchant growth consulting services. Their goal is to help companies grow their businesses by providing funding and education on the ins and outs of credit cards, payment processing, fraud prevention, marketing campaigns, etc..

The Canadian Lenders Association is a non-profit organization that has been around for over 35 years, and they continue to provide funding and education for Canadian businesses. The Canadian Lenders Association can help your company grow by providing funding and education on credit cards, payment processing, marketing campaigns, and more.

In 2015 alone they helped over 150 million dollars in funding for small businesses across Canada.

They are one of the only organizations recognized as a Growth 500 company, an award given to organizations that have grown by at least ten times in three years.

Merchant Growth Review: What products and services do they offer?

Merchant Growth’s mission is to provide small businesses with capital for growth. The company offers loans, a line of credit, and merchant cash advances. These products are designed to help merchants grow through increased sales, marketing, or other endeavors that will increase their bottom line.

The most popular loan product offered by Merchant Growth is e-commerce financing which provides $5 million – $800 thousand in 24 hours with no collateral required.

Merchant Growth offers a variety of products and services that can help businesses grow. With its Fixed Financing product, companies earn funds for tax payments, inventory-related expenses, or cash flow needs like renovations or to cover up shortfalls in the business’s working capital.

With this flexible financing option, you’ll be able to access $7,500 – $125k as needed with an interest rate between 0% – 7%.

The Merchant Growth Review offers a variety of loans to help businesses grow. This loan can be used for large projects such as refurbishing an office, expanding the inventory, and purchasing new equipment.

This business is unique in that it provides low-interest rates on a wide range of products and services offered by many different types of companies across various industries.

Merchant Growth Review: Loans

There are multiple factors that go into a loan. Down below are different categories that go along with choosing a loan, such as how loan repayment works, the interest rates, etc.

Interest rates:

The Merchant Growth loan interest rate increased from 12.99% in 2007 to 16.34% in 2008 before subsequently declining to 11.10%. The merchant growth then recovered back up to 13.92%, with a total increase of 3.08%.

Term length:

The term length for a Merchant Growth loan is from 12-16 months.

Loan amounts:

Loan amounts with Merchant Growth typically range from $5,000 to $800,000.

Time of funding:

The time of funding for a Merchant Growth loan is one business day.

Loan repayment:

Loan repayment with Merchant Growth means weekly and monthly payments.

Required documents:

The required documents when applying for a loan with Merchant Growth are to give them some of your bank statements, your government-issued ID, as well as a completed financing application.

Merchant Growth Review: Types of loans

Merchant Growth offers to finance for businesses that have been operational for six months or more. They offer different types of loans, depending on what the business needs.

If you’re interested in working with Merchant Growth, make sure to check out their website and fill out an application form so they can get a better sense of your business’s needs!

Merchant Growth LoansFeatures
E-commerce financing– $5,000 to $800,000
– get funded within 24 hours
Home-based businesses– $5,000 to $800,000
– get funded within 24 hours
Flex financing solution– $5,000 to $800,000
– get funded within 24 hours
Fixed solution– $5,000 to $800,000
– get funded within 24 hours
Good cents loan– pays for updates to your business
Line of credit– $7,500 to $125,000
– get funded within 24 hours

Different types of loans include:

  • E-commerce financing:

When it comes to e-commerce financing, the repayment schedule depends on what type of loan. The most popular types are flexible/flexible repayment schedules, which are very manageable and only require a percentage of daily sales as payments.

There are many different types of merchant cash advances because there’s a huge need for them in this industry. There’s an array of options available from products such as credit cards and lines with low-interest rates to new innovative financing solutions that have been created today by innovators.

  • Flex Financing Solution:

In addition to the various types of loans, there are also different kinds of interest rates that can be applied. There is a fixed-rate loan for when you need more time and flexibility in your business plan, but if you’re looking at faster growth then a flexible loan might work better.

This type allows credit card or debit sales to help pay back the amount with fees based on revenue generated from these transactions instead.

  • Fixed Solution:

Fixed loans are most similar to traditional business loans. They run from $5,000 to $800,000 and provide a fixed daily repayment schedule with maturity date for the loan. Fixed solution loans are better suited for businesses with non-fluctuating, predictable revenue flow, no matter seasonal lulls or peak periods.

  • Good Cents Loan:

As the demand for eco-friendly and community-building loans is increasing, lenders are becoming more open to providing such products. Merchants can take advantage of this trend by applying for a loan that has preferential rates when they want to make an eco-friendly or community project update.

  • Line of Credit:

Merchant Growth Review is an online lending platform that provides flexible financing products to small businesses. This includes credit lines of up to $125,000 and interest rates starting at 6%. To qualify for these loans, business owners must have been in operation for 6 months with a Canadian-based company generating monthly revenue over $10k.

The function of merchant growth loans is to provide financial services for merchants who are struggling to grow their businesses. Merchants can receive the loan in different ways, including via an equity stake, debt financing, or a combination of both.

Merchant Growth Loans do not require collateral and they also offer attractive interest rates with no credit score requirements.

What should I know about the Merchant Growth financing application?

Knowing the eligibility requirements for the Merchant Growth application is helpful before applying.

Eligibility requirements:

The eligibility requirements for Merchant Growth finance applications are similar to other Canadian lenders’ requirements as well. The minimum requirements include:

  • You operate a Canadian business
  • Your business generates an income of at least $10,000 a month.
  • You are at least 18 years of age
  • Your Canadian business has been running for at least 6 months

Merchant Growth Review: Apply online

The Merchant Growth Review program is designed to help small businesses find the financing they need to grow.

This service provides a complete merchant growth review, which includes an initial consultation with one of our specialists and then a detailed financial analysis.

After that, you will be presented with various options for funding your business including working capital loans, lines of credit, or other financing solutions.

A Merchant Growth is a private lender that offers funding to small businesses across the country. You can apply for a loan by filling out their website, getting verified and approved in 24 hours if you’re eligible for a loan, and receiving funds on your preferred merchant account within 60-90 days.

Merchant Growth Review: Locations

Merchant Growth is available in provinces across the country including British Columbia, Alberta, Manitoba, and Quebec.

Merchant Growth Review: Pros and cons

Merchant Growth isn’t for everyone, there are pros and cons to this business you should consider before applying for a loan with them.

Merchant Growth ProsMerchant Growth Cons
+ Easy-to-apply
+ Home-based businesses approved
+ Fast, and easy to get started banking online
+ Approval in as little as 24 hours for up to $500,000
+ Loans available for all businesses
+ All credit scores accepted
– Business must have 6 months left on the lease

Pros of Merchant Growth:

  • Merchant Growth is an easy-to-apply, fast and easy way to get started with online banking.
  • It’s a quick access account that allows users to be approved in as little as 24 hours for up to $800,000.
  • The loan types are available for all businesses regardless of size or industry, which provides more flexibility that is beneficial in many scenarios.
  • Many companies have found success with these products because they eliminate collateral requirements, making it easier to get started without having any debt obligations hanging over their head while managing other financial responsibilities like taxes and interest rates.
  • Credit score won’t factor in for most loans.

Cons of Merchant Growth:

  • You can apply only if your business has 6 months left on the lease.

Merchant Growth Review: Customer support

The company provides resources such as phone, email, and a help center. They also provide contact information so you can reach them in the event of an issue with your account.

Merchant Growth Review: Working hours

The merchant growth loans are a product of Merchant Growth. They provide flexible, short-term loans for merchants in need. It can be applied online or by phone and is available Monday through Friday from 7 AM to 4 PM PST.

Merchant Growth Review: Summary

Merchant Growth is a bank that offers a wide range of services, including merchant accounts and credit cards. The company also provides loans for its customers.

In order to apply for a loan from Merchant Growth, potential borrowers must meet the requirements which include having at least $50k in revenue per year or having an established business with at least three years worth of history. However, if you meet these requirements and desire a loan of up to $250k you can expect approval within 24 hours.

The company has a 4.6-star rating on TrustPilot, where they have received 100% positive reviews.

The Merchant Growth Review is an incredible deal for merchants of all sizes. It offers a huge discount on the monthly recurring fees and provides great services that are worth thousands of dollars to small businesses.

Thanks for reading our Merchant Growth review!

Merchant Growth Reviews

-“Merchant Growth is a company that provides loans to businesses for the purpose of upgrading machinery or purchasing new equipment. They offer quick approval, and they can provide up to $800,000 in loans. The entire process only took a few days!”

-“I really liked the customer service here!”

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FAQs about Merchant Growth

How much does Merchant Growth loans cost?

Depending on your length of term, your credit score, and the amount of money your business makes, determines the cost of your loan.

How long does it take to receive my approved funding?

You can receive your funding in 24 hours typically, but if it takes longer, 1-2 business days is the maximum amount of time you'll have to wait.

Are there restrictions on what I can use my loan on?

As long as you're using the funding for your business, there are no restrictions on your loan.

What is the range I can borrow from Merchant Growth?

You can get loans with amounts of $5,000 up to $800,000.

How is loan repayment run at Merchant Growth?

Pre-authorized payments from your bank account are the way in which your Merchant growth loans are repaid.


Merchant Growth

November 21, 2023
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