Frequently asked
FAQs
Straight answers about how we work, who qualifies, and what financing actually costs. Don't see your question? Get in touch.
Process & timing
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What is the maximum advance size you’ll consider for a first-time client?
For a first facility, the maximum advance is usually tied to your recent average monthly deposits and the consistency of your sales.
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How quickly can you deliver funds after approval?
Speed is one of the main reasons people choose an MCA.
Eligibility
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Do you offer MCAs for my industry, and are there any excluded sectors?
Most MCA providers in Canada work with a wide range of small and mid-sized businesses: restaurants, retail, salons, trades, auto services, e-commerce, and…
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What are your minimum time-in-business and monthly revenue requirements?
Underwriters care most about stability of deposits, not just credit scores.
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Do you fund sole proprietors, or only corporations/partnerships?
Many MCA providers fund:
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Do you require exclusive processing with a specific payment processor?
Not usually. Common setups are:
Pricing, fees & rates
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What factor rate will apply to my advance, and how is it determined?
MCAs use a factor rate instead of an interest rate.
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What is the total payback amount and the expected duration based on my sales profile?
Your total payback is simple:
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What is the holdback percentage from card sales, and can it be adjusted seasonally?
The holdback is the percentage taken from your card batches (for split-funding).
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Is the remittance a percentage of sales, a fixed PAD, or a hybrid?
You’ll usually see one of these:
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Are there origination, underwriting, or platform fees I should expect?
There may be, and they should be disclosed clearly.
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Do you charge any fees that are deducted from the advance at funding?
Often, yes.
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Do you charge any non-sufficient funds (NSF) or late fees?
If your remittance is collected via PAD and a debit bounces, most providers will charge:
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Can you show me an APR-equivalent calculation for comparison across products?
Yes, this is a good question to ask.
Still have questions?
Our team can walk you through eligibility, options, and a clear cost-of-capital comparison before you commit.
