# 2M7 Financial

Source: https://businessloanbroker.ai/lenders/2m7-financial/
Site: BusinessLoanBroker.ai (powered by Levr)

> 2M7 Financial funds Canadian small businesses with merchant cash advances of $5,000 to $300,000 repaid from daily card sales. See who qualifies.

2M7 Financial is a Canadian funder that provides merchant cash advances to small businesses, not loans. It funds Canadian businesses with steady daily card revenue, including owners with imperfect credit, from $5,000 to $300,000.

## Key facts
- **Products:** Merchant cash advance
- **Funding range:** $5,000 to $300,000
- **Repayment:** Fixed daily draws or 4% to 30% of daily sales, one time cost of capital
- **Operates in:** Canada
- **Industries:** Restaurants, construction and trades, retail, trucking, landscaping
- **Founded and headquarters:** 2008, North York, Toronto, Ontario
- **Website:** 2m7.ca

## What does 2M7 Financial offer?

2M7 offers one product: a merchant cash advance. You receive a lump sum and 2M7 collects it back, plus a one time cost of capital, either as a fixed daily draw or as a share of daily sales published at 4% to 30%. It is unsecured, so there is no lien on equipment or property. Because it is a purchase of future sales rather than a loan, it is not quoted with an interest rate. Read our [merchant cash advance](https://businessloanbroker.ai/business-loans/merchant-cash-advance/) page before you compare it with a term loan; the two are priced very differently.

## Who does 2M7 Financial fund, and who do they decline?

2M7 funds Canadian small businesses with steady daily card revenue, and it says imperfect credit is acceptable. Its published guidance is about $15,000 a month in revenue and three months of trading, which is lower than almost every other lender in this directory. Restaurants, trades, retail, trucking and landscaping are its core industries.

It does not publish decline criteria, but a cash advance only works when daily sales are consistent. A business paid by monthly invoices or with very lumpy revenue is a poor fit and would do better with [invoice factoring](https://businessloanbroker.ai/business-loans/invoice-factoring/). Businesses outside Canada are not eligible.

## What does it typically cost and how fast is it?

2M7 does not publish a rate. The cost is a single fixed amount set per file, and the only published number is the repayment share of 4% to 30% of daily sales. Expect the cost to be quoted as a factor rate; our [APR versus factor rate](https://businessloanbroker.ai/guides/apr-vs-factor-rate/) guide shows how to convert it, and the typical range for the product is on the [merchant cash advance](https://businessloanbroker.ai/business-loans/merchant-cash-advance/) page. Funding speed is not published.

## What will you need to apply?

A cash advance application is light. Expect to provide three to six months of business bank statements, recent card processing statements, a void cheque, government ID for each owner and basic details on the business. Our [document checklist](https://businessloanbroker.ai/guides/document-checklist/) covers the full set so you can upload once and reuse it with any lender.

## How does 2M7 Financial compare with similar lenders?

[CanaCap](https://businessloanbroker.ai/lenders/canacap/) is the closest match: a Toronto cash advance funder with a similar entry point and a $250,000 ceiling. [Merchant Growth](https://businessloanbroker.ai/lenders/merchant-growth/) goes higher, to $1,000,000 on term financing, and adds a line of credit, which suits a business that has grown past the cash advance stage. If you want a fixed term and a disclosed cost, start with Merchant Growth. If you need speed and have a short history, look at 2M7 or CanaCap.

## How to apply

Apply once on this site and matching shows whether 2M7 Financial, or a similar lender, fits your file. You can also ask your AI assistant to collect your documents and apply for you through our [MCP server](https://businessloanbroker.ai/agents/). A profile in this directory is a market reference and does not by itself mean the lender is on our network for your file; matching shows the lenders available to you.

| Lender | Products | Funding range | Operates in | Best suited for |
|---|---|---|---|---|
| 2M7 Financial | Merchant cash advance | $5,000 to $300,000 | Canada | Canadian businesses with steady card sales and imperfect credit |
| CanaCap | Merchant cash advance, working capital loan | $5,000 to $250,000 | Canada | Canadian businesses with steady sales needing fast capital under $250,000 |
| Merchant Growth | Term loan, line of credit, cash advance, B2B net terms | $5,000 to $1,000,000 | Canada | Established Canadian businesses above $10,000 monthly revenue needing growth capital |

## Questions and answers
**Is a 2M7 advance a loan?**

No. It is a purchase of a share of your future sales for a fixed amount. That is why it has no interest rate, and why the cost does not fall if you repay early. Compare it on total payback, not on the headline percentage.

**Can I qualify with bad credit?**

2M7 publishes that imperfect credit is acceptable and bases its decision mostly on daily card revenue. Steady deposits matter more than your score, but the cost will reflect the risk.

**How long do I need to be in business?**

2M7's published guidance is about three months of trading with roughly $15,000 in monthly revenue. That is one of the shortest requirements in this directory, which is the main reason to consider a cash advance at all.

## Related
- [CanaCap](https://businessloanbroker.ai/lenders/canacap/)
- [Merchant Growth](https://businessloanbroker.ai/lenders/merchant-growth/)
- [Merchant cash advances](https://businessloanbroker.ai/business-loans/merchant-cash-advance/)
- [Short term business loans](https://businessloanbroker.ai/business-loans/short-term-loans/)

## Apply
Apply for the business: https://apply.businessloanbroker.ai/signup?utm_source=direct&utm_medium=organic&utm_content=md-lender-2m7-financial
MCP server for AI agents: https://mcp.businessloanbroker.ai/mcp (docs: https://businessloanbroker.ai/agents/mcp/)