About Magical Business
Magical Business is a direct funder of merchant cash advances to small businesses in Ontario. We advance from $5,000 to $300,000, decide most applications within 24 hours, and qualify businesses on their revenue rather than the owner’s credit score. We are part of Magical Credit Inc., a Toronto-based lender that has served Canadians since 2014.
Who we are
Magical Business is the business-funding arm of the Magical Credit family. Magical Credit Inc. was founded in 2014 to lend to Canadians the banks overlooked: people with bad credit, non-traditional income, or a thin file. Over the following decade it built one of the most established alternative lending operations in the country, and in 2026 the company extended that approach to business owners with the launch of Magical Business.
The three brands share one underwriting philosophy: look at the whole picture, decide quickly, and say what we mean. See the full family of brands.
A lender, not a broker
Much of the merchant cash advance market in Canada is brokered. A broker collects your application, sends it to several funders, and takes a fee from whichever one says yes. That is why so many business owners find their details circulating among lenders they never contacted.
Magical Business does not work that way. Your application is reviewed and decided here, by our own underwriting team, with our own capital. You deal with the people making the decision, the terms come from one place, and your file is not auctioned. When we can’t fund a business, we say so directly and, where we can, point to what would change the answer.
What we fund and who qualifies
We fund registered businesses operating anywhere in Ontario, from Toronto, Ottawa and Mississauga to Hamilton, London, Windsor and the communities between. The requirements are simple: at least six months of trading and consistent monthly revenue of $5,000 or more. Sole proprietorships, partnerships and corporations all qualify, across retail, restaurants, trades, services, transport and e-commerce.
A merchant cash advance is an advance on your future sales, repaid as a percentage of revenue rather than in fixed instalments. No collateral, no business plan, no minimum credit score. Full eligibility details · How the process works.
Recognition and membership
- Canadian Lenders Association member. Magical Credit Inc. is a member of the CLA, the industry body for Canada’s non-bank lenders, and follows its code of conduct.
- CLA Top 25 Companies in Lending. Magical Credit has been recognised among the CLA’s top lending companies in Canada.
- Serving Canadians since 2014. More than a decade of lending to customers other lenders decline, with thousands of customers served across the group.
Our team
Natalie Bell, Co-founder.
Our underwriting, funding and support teams are based in Toronto and work only with Ontario businesses, which is why we know the province’s industries and seasons first-hand.
How we work
- Plain numbers. Every offer states the advance, the factor rate, the total repayable and the holdback percentage in writing before you sign. Use our calculator to see what they mean for your business.
- Fast, but not careless. Most decisions within 24 hours because we read bank statements, not business plans.
- Straight answers. If an advance is the wrong product for your situation, we will tell you. If you don’t qualify yet, we will tell you what would change that.
- Responsible lending. We fund revenue-generating uses and decline to stack advances on businesses already carrying more than they can repay.
Curious how we compare to other providers? We’ve written an honest guide to the merchant cash advance companies in Canada, including our competitors.
Check your eligibility in two minutes with no effect on your credit score, or get in touch with a question.