Merchant Growth Reviews

Merchant Growth provides flexible funding solutions designed to support business growth, praised for transparency and tailored repayment options by clients.

Here are the Trustpilot Reviews from Merchant Growth:

Here are the Reviews from Merchant Growth:

Ajay was really personable and he was not like an aggressive sales person. We felt comfortable talking to him and listening to him as he explained what Merchant Growth was about and could offer our company. We were funded just as he promised and earlier than what we expected. Thank you very much Ajay and Merchant Growth.

Bill Baker

There is something different about this business financing company. I've been with them for almost 2 years and compared to others, they do business the right way; with the right balance if professionalism and just plain decency. Whatever your situation, they will find a way to make it manageable, they will respond and they will do things that's beyond your expectation. A special shout out to Alex Zuccaro for all the help he has provided me.

Jtybroker

At a time of rising costs to small businesses it is increasingly difficult to keep up with every day operating costs. Merchant Growth has helped with finances to help us with continuing business growth. They believe in helping our business help our customers. Thank you merchant growth!

Peggy Hlushko

Absolutely perfect and on very professional level. The only thing I didn't expect was that I didn't get it how much was ask for. Instead of minimum 15k I got approval for 8k. On which I'm very thankful because it's gonna help, and better something than nothing. ✌🙂

Thankful customer

Excellent service, they always respond, listen and put us in the best position to be successful. Thank you.

Brandon

Was great service and clear communication. Very fast and smooth process!!

C. Massie

Explore Merchant Growth's Finance Solutions:

Fixed Financing (Short-Term Business Loan)

£5,000 – £300,000

Flex Financing (Merchant Cash Advance)

£5,000 – £300,000

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Explore Merchant Growth's Finance Solutions:

Loan Type:

Fixed Financing (Short-Term Business Loan)

Loan Range:

£5,000 – £300,000

Loan Terms:

6 to 18 months

Minimum Turnover and Trading Age:

At least 6 months trading and £8,000+ monthly sales

Interest Rate:

Estimated 15% – 60% representative APR (factor rate 1.14 – 1.40)

Fees:

Flat cost of borrowing disclosed up-front; no separate arrangement or early-repayment penalties

Loan Type:

Flex Financing (Merchant Cash Advance)

Loan Range:

£5,000 – £300,000

Loan Terms:

No fixed term; typically repaid over 3–12 months depending on sales

Minimum Turnover and Trading Age:

6 months trading and consistent card or bank sales of £8,000+ per month

Interest Rate:

Estimated 18% – 65% effective cost (factor rate 1.18 – 1.49)

Fees:

Flat total cost (factor) agreed up-front; no interest accrues over time

Loan Type:

E-Commerce Financing

Loan Range:

£5,000 – £150,000

Loan Terms:

3 to 12 months (revenue-based repayment percentage)

Minimum Turnover and Trading Age:

3 months online-store history and minimum £5,000 monthly online sales

Interest Rate:

Estimated 15% – 55% cost of borrowing (factor rate model)

Fees:

Flat fee agreed up-front; no compounding interest

Loan Type:

Business Line of Credit

Loan Range:

£10,000 – £300,000 revolving limit

Loan Terms:

Ongoing revolving facility with 6- to 24-month initial review period

Minimum Turnover and Trading Age:

12 months trading and £100,000+ annual revenue

Interest Rate:

1.8% – 3.5% monthly interest on outstanding balance (approx. 21.6% – 42% APR)

Fees:

Draw fee of 1% – 3% per advance; no fee on undrawn limit; possible monthly maintenance fee

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Minimum Turnover and Trading Age:

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More About Merchant Growth

Merchant Growth, established in 2009, is a Canadian non-bank lender focusing on small and medium enterprises across Canada. It offers technology-driven working-capital solutions, including revenue-based and short-term financing. These products cater to businesses prioritising quick funding and flexible repayment options rather than the lowest possible interest rates. The lender is regulated provincially in Canada and is not authorised by the UK Financial Conduct Authority. For an overview of business funding, see Financing Options and Lenders.

Key Features of Merchant Growth

Merchant Growth provides several practical features designed for accessible working capital with speed and flexibility. Its fully digital platform supports real-time approvals and integrates with bank and e-commerce systems.

Fast application and approval process, often within 24 hours, plus online application.
Multiple repayment structures, including fixed daily or weekly payments and revenue-based deductions, detailed in fixed income and cash advance definitions.
No traditional asset collateral required for most products, supporting unsecured commercial loans.
Early repayment discounts on certain fixed financing products, explained under discount rate.
Bilingual customer support and dedicated account managers easing borrower communication.

Funding Eligibility

You may qualify if your business has been trading for a minimum of 3 to 12 months, depending on the product. Merchant Growth requires approximately £8,000 or more in monthly sales or £100,000 annual revenue. It excludes sectors such as firearms, adult entertainment, gambling, and cannabis. Note that the lender serves Canadian businesses only and is not available to UK-based firms. For eligibility details, refer to how to qualify for a business loan and funding tools.

Loan Options

Merchant Growth offers four main loan types tailored to different business needs, from fixed short-term loans to revolving credit facilities. Each has varying amounts, terms, and cost structures.

Fixed Financing (Short-Term Business Loan): £5,000 to £300,000, 6 to 18 months term, estimated 15% to 60% representative APR. Suitable for businesses preferring set instalments. No collateral required but personal guarantee needed.
Flex Financing (Merchant Cash Advance): £5,000 to £300,000, no fixed term, repaid over 3 to 12 months via revenue percentage. Effective cost 18% to 65%. Repayments fluctuate with sales, easing pressure in slow periods.
E-Commerce Financing: £5,000 to £150,000, 3 to 12 months, revenue-based repayments at estimated 15% to 55% cost of borrowing. Designed for online sellers with qualifying platform integrations and minimum monthly sales of £5,000.
Business Line of Credit: £10,000 to £300,000 revolving limit with 6- to 24-month review. Monthly interest 1.8% to 3.5% (approx. 21.6% to 42% APR). Interest paid only on amount drawn, with flexible draws and repayments; personal guarantees required.

How to Apply

Applicants can expect a fully online process with quick decisions and same- or next-day funding once approved. Key documents and data inputs support automated underwriting.

Submit an online application and e-sign contract via the lender’s digital platform.
Provide government ID, recent business bank statements (3 to 6 months), and sales or processor statements as required.
For e-commerce loans, grant platform data access for store analytics integration.
Receive a decision typically within 24 hours and funding by the same or next business day after contract signing.

Funding Agent’s view on Merchant Growth

Merchant Growth suits Canadian SMEs needing fast working capital with flexible repayment methods. It offers multiple options that eschew traditional collateral but generally require personal guarantees. Its cost of borrowing is higher than traditional bank loans and its short terms may not fit long-term projects. UK businesses should note this lender does not operate in the UK and is not FCA regulated. For further guidance, explore our funding tools, eligibility guides, and business loan comparisons.