2M7 Financial

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 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. 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 guide shows how to convert it, and the typical range for the product is on the 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 covers the full set so you can upload once and reuse it with any lender.

How does 2M7 Financial compare with similar lenders?

CanaCap is the closest match: a Toronto cash advance funder with a similar entry point and a $250,000 ceiling. 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. 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.