2M7 Financial Review 2026Apply Now Check if I Qualify ↓
Written and analysed by Smarter Loans Editorial Team · Reviewed by Rafael Rositsan
Each product is priced separately. Compare them below.
Three questions checked against 2M7 Financial's published criteria, per product. No application started.
2M7 asks for three things and names one veto: an open bankruptcy ends the application.
3 reviews from borrowers who used 2M7 Financial. Each is submitted by a verified borrower and moderated for authenticity; it renders as written, positive or not, and lenders cannot remove it.
I was able to bring my designs into production and my business is now a success. The application process was simple and straight forward and approval time was outstanding!
When planning to start my business I started to panic, not knowing how I would ever be able to financially support this big change – 2M7 was with me every step of the way and helped me to achieve my business goals.
2M7 exceeded all my expectations. I applied for a merchant cash advance and on the same day it was approved. I was able to launch my online business and meet my deadlines.
2M7 Financial is an all Canadian alternative funding provider that specializes in Merchant Cash Advances and developed a proprietary system to evaluate risk and determine creditworthiness.
2M7 Financial was founded in 2008 and has over 5,000 customers. They have funded over 100 million dollars and have a 97% approval rate on all submitted applications, which they claim to be the highest in Canada.
2M7 Financial provides cash advances to small and medium-sized businesses in order to fund their desired growth. This can include anything from purchasing new inventory, paying employee wages, or funding a desired expansion.
If approved, 2M7 Financial works with any bank or credit union, and credit/debit card processor, in Canada (Excl. Quebec), meaning there is no need to change your financial institutions in order to receive your advance.
There is a cost of money that gets determined as a factor rate. Meaning 2M7 will assess a one-time cost based on the value of sales you might have in the future. Other than the factor fee, there is no other costs on the funds.
To be eligible for a merchant cash advance, 2M7 Financial requires that you have been operational for a minimum of 90 days, accept credit/debit cards (minimum of $15,000/monthly revenue), must be located in Canada (excl. Quebec), you have no open bankruptcies, and you must provide a void cheque, government identification, and business bank statements.
If approved, you could have your money in your business bank account by the end of the day!
If approved, you can receive an advance for, anywhere between $10,000 to a maximum of $250,000 depending on different factors.
Yes. 2M7 Financial can still get the funds for your business if you have poor credit, however, the process is slightly modified. They have a starter package that you can join as part of showing your creditworthiness so that once your funding specialist understands you, your business credit score becomes irrelevant.
2M7 Financial claims that merchant cash advances have a higher approval rate than loans, it does not register on your credit file, takes 4-6 to get approved, and there's no fees or interest charges (other than a one-time cost of capital).
A merchant cash advance allows you to use a small percentage of future sales to cover the working capital that you need, today. 2M7 Financial Solutions provides a simple borrowing and repayment experience.
You can apply for a merchant cash advance by going to 2M7 Financial's website where you can fill out their application online, give them a call or email them to start the process. You'll be asked a series of questions, such as your monthly revenue, business history, and more to determine eligibility.
