Business Cash Advance: Fast Capital Built Around Your Revenue
Your business needs capital this week, not after a six-week bank process. A business cash advance turns your future revenue into working capital now: a lump sum in your account, repaid automatically as a small share of your sales.
Magical Business funds Ontario businesses with advances of up to $300,000, with most applicants receiving a decision within 24 hours. We are backed by Magical Credit Inc., a Canadian lender operating since 2014. Apply now.
When a cash advance is the right tool
A business cash advance is not for everything. It is built for moments where speed and flexibility are worth more than the lowest possible rate:
- The opportunity has a deadline. Discounted inventory, a lease on the unit next door, a contract that needs upfront materials.
- The problem cannot wait. A walk-in freezer dies, a vehicle is off the road, a key repair stands between you and revenue.
- The season is coming. Staff up and stock up before your busy period, repay from the sales it generates.
- The bank said no, or said “six weeks”. Banks decline good businesses every day over credit scores, time in business or industry. We underwrite your revenue instead.
If you are financing a long-term asset over five years, a term loan is the better instrument, and we will tell you so.
How repayment actually feels
The feature owners like most: there is no fixed payment to sweat on the first of the month. Repayment is a fixed percentage of your daily or weekly sales, collected automatically. Strong week, you clear more of the balance. Quiet week, the payment shrinks with it. Your total repayment is fixed upfront by the factor rate, so there is no interest clock running and no penalty for a slow season.
Example: a $30,000 advance at a 1.25 factor rate means $37,500 repaid in total, whether that takes seven months or eleven. Your own rate is set in underwriting and shown in writing before you sign. See how the numbers work in the calculator.
What you need to qualify
- A business registered and operating in Ontario
- An active business bank account
- Consistent sales; card or merchant sales are common but not the whole picture
- Revenue and cash flow that support the advance
That is the list. No collateral and no business plan. We consider businesses at various stages, and your credit score is a data point, not a verdict. Full criteria at Who Qualifies.
Business cash advance, merchant cash advance, revenue based financing: what’s the difference?
Mostly naming. A merchant cash advance is the traditional term, rooted in repayment from card terminal sales; a business cash advance is the same product described from your side of the table; revenue based financing is the same principle as a category. At Magical Business the underwriting is identical across all three descriptions: we look at what your business earns and build the advance around it.
FAQ
How fast is “fast”? Most applicants receive a decision within 24 hours of applying, and the application itself takes minutes.
How much can I get? Up to $300,000, determined by your business qualifications and revenue.
Does bad credit rule me out? No. Approval is weighted toward your revenue and cash flow, not just your score.
Is this a loan? Legally, no: it is an advance on your future sales. Practically, it means no fixed term, no compounding interest and repayment that moves with your revenue.
What can I use it for? Inventory, equipment, working capital, renovations, expansion or any other business need. No restrictions.
See what your business qualifies for. Apply in minutes, or call 1-855-639-6888 to talk it through first.