What is a merchant cash advance?
A merchant cash advance is an advance on your future revenue. You receive a lump sum upfront and repay as a small daily percentage of your sales — payments naturally slow on slower days. It's not a loan in the traditional sense, making it accessible to many businesses banks won't approve.
How much can I qualify for?
PrimeFund can facilitate advances from $10,000 up to $1,000,000. The amount depends on your monthly revenue, time in business, and the lender's assessment. Most businesses qualify for 1–1.5× their monthly revenue on a first advance.
Will applying affect my credit score?
No. We run a soft credit pull only, which has zero impact on your personal or business credit score. You can apply and review offers with complete confidence. Only if you proceed to a formal agreement would a lender potentially conduct a hard pull — and we'll tell you upfront if that's the case.
What is your approval rate?
Roughly 90% of the businesses that apply through PrimeFund get matched with at least one offer. Because we assess your revenue rather than your credit score, and submit your file to multiple lenders at once, far more businesses qualify than with a traditional bank.
How long does it take to get funded?
Most clients receive a decision within hours of submitting their application. Once you accept an offer and sign your agreement, funds are typically in your account within 24 hours — sometimes the same business day.
What do I need to apply?
Typically: 3–6 months of business bank statements, a valid piece of ID, and basic business information. No audited financials, no business plan, no lengthy forms. Our team will let you know if anything additional is needed for your file.
Is PrimeFund a direct lender?
PrimeFund is a funding broker partnered with Canada's top alternative lenders. One application goes to multiple lenders simultaneously, giving you better offers and higher approval chances than going to any single lender directly.
What types of businesses do you work with?
We work with most Canadian business types across virtually every sector. As long as you've been operating for at least one year and generate $25K+ per month in revenue, we can very likely help.
Is there a cost to apply?
Absolutely not. Applying with PrimeFund is completely free with no obligation to accept any offer. Our compensation comes from the lender upon a successful funding — never from you.