2M7 Financial
2M7 Financial Solutions is an all-Canadian alternative funding provider specializing in Merchant Cash Advances. They developed a proprietary system to evaluate risk and creditworthiness, aiming to provide quick and easy access to funds for small and medium-sized businesses.
Expert Review
Best For
This lender is ideal for Canadian small and medium-sized businesses seeking rapid access to working capital through a Merchant Cash Advance, especially those with fluctuating revenues or less-than-perfect credit.
Our Take
2M7 Financial stands out as a dedicated Canadian alternative funding provider, specifically focusing on Merchant Cash Advances. Their long-standing presence since 2008 and proprietary risk assessment system demonstrate a commitment to serving businesses that might face challenges with traditional financing. They prioritize quick access to capital, which is crucial for businesses with immediate funding needs.
What We Like
- Specializes in Merchant Cash Advances, offering tailored solutions.
- Fast funding, with money available on the same day.
- Considers businesses with poor credit, offering a starter package.
- Flexible repayment structured according to business cash flow.
- High approval rate (97%) for submitted applications.
Where to Improve
- Interest rates are listed as 'Varies', lacking transparency upfront.
- Limited to one product type (Merchant Cash Advance).
- Not available in Quebec.
Verdict
2M7 Financial is a reliable option for Canadian businesses in need of quick and flexible Merchant Cash Advances. Their focus on accessibility, even for those with poor credit, and their efficient funding process make them a strong contender in the alternative lending space. Businesses should inquire about specific factor rates to fully understand the cost.
Brand Signals & Trust
Years in Business
18+
Geographic Reach
12 provinces
Product Diversity
1 product
Customers Served
Over 5,000
Trust Badges
Verified, Fast Funding
Products Offered
Merchant Cash Advance
Amount Range
$5,000 - $250,000
Interest Rate
Varies (factor rate)
Term
N/A
Funding Speed
Same Day
Eligibility
- Canadian Business
- Minimum $15,000/monthly revenue
- No Open Bankruptcies
Google Reviews
60 Google reviews
Monday: 9:00 AM – 5:00 PM
Tuesday: 9:00 AM – 5:00 PM
Wednesday: 9:00 AM – 5:00 PM
+4 more days
Photos
I am not sure how they have 5 star reviews- after getting all information they decided to deny lending me money saying that my business received payment by cash or e-transfer. I am not sure if people still use cheques to this day. I thought e-transfer is how everyone got paid. I guess NOT. Staff were friendly however they should have been more clear up front before getting copies of all my information. Be careful.
1. Talk to rep 2. Click link to connect bank account 3. Negotiate amount and terms 4. Sign electronic agreement 5. Receive funding within 48 hours. 2M7 makes it easy to get needed capital fast.
Recently got funding from 2M7 , whole process was seamless, Aharon Merkur was my agent , so easy to deal with , very informative and didn't pressure , i was busy , so he valued my time and made it so easy , very quick process , funding received in 24 hrs Thanks Aharon
I've been dealing with Daniel Goldstein and 2m7 for a while and they are awesome to deal with. Daniel has always been courteous, professional and very responsive.
I talked to Yakov regarding one of my financing needs, and he instantly stepped in to help me out. Yakov is very professional, has strong communication skills, and his quick response is greatly appreciated. I highly recommend 2M7 Financials.
How 2M7 Financial Compares
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