2M7 Financial Solutions Merchant Cash Advance

Amount:

$250,000.00

Type:

Cash Advance

Description:

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 business cash flow. A Merchant Cash Advance (MCA) is an advance on funds which is provided dependent on businesses credit/debit card payments

Comments on Funding:

Funding takes the form of a cash advance for as little as $10,000 to a maximum of $250,000 depending on different factors.

Deadline:

Rolling deadline

Eligibility:

Applicants must be businesses that meet the following criteria:
1. Canadian Business;
2. Operational for a minimum of 90 days;
3. Minimum gross monthly sales of $10,000;
4. No open bankruptcy.

Application Steps:

Applicants must speak to a specialist through their online contact form.

Documentation Needed:

Applicants must submit the following:
1. Canadian Government issued Photo ID;
2. Most recent bank statement;
3. Property Lease/Proof of ownership;
4. Void cheque.

Other Things to Note:

Maurice

About the author

Maurice

Maurice (Moe) Muise learned the ins-and-outs of government while an employee of the Government of Canada in Ottawa for 10 years. His current focus is helping small businesses in Canada to identify and maximize funding to grow their business.

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