- Simple application process
- No application or closing fees
- Approval within 48 hours
- Funding within 10 days
- Up to $150,000 in funding per location
- Funds may be used for any business purpose
- No fixed payment schedule or maturity date; we get paid when you get paid
- Payments linked with sales: lower during slow periods
- No requirement to change payment processor
- Automated payments
Mercantile Advanced Corp. is a direct provider of funding to Canadian businesses. Our merchant cash advance service works by converting your future credit and/or debit card receivables to cash. We advance you funds and take a percentage of your daily credit and debit card transactions until the account is settled.
We understand the delays and difficulties often encountered by retail and hospitality businesses when seeking working capital via traditional bank loans and factoring transactions. As a result of our quick and easy application and funding processes and flexible settlement terms, our merchant cash advance service may be an excellent alternative source of working capital for your business.
