Frequently Asked Questions

A Merchant Cash Advance (MCA) is not a loan. It's an advance on your future sales. You receive a lump sum upfront and repay it with a percentage of your daily or weekly sales. When sales slow down, your payment is smaller; when sales are strong, you pay off faster. No fixed installment, no collateral required.

You can receive up to $300,000 depending on your business qualifications and revenue. The exact amount will be determined based on your application.

Most applicants receive a decision within 24 hours. We work quickly to get you the funds you need.

You can use your Merchant Cash Advance for inventory, equipment, working capital, renovations, expansion, or other business needs.

Our application is simple. We'll let you know if we need any additional documents after reviewing your application.

We provide Merchant Cash Advance to businesses registered and operating in Ontario, Canada only.

Magical Business Inc. is a subsidiary of Magical Credit Inc., a trusted Canadian company since 2014. We specialize in Merchant Cash Advance financing for small businesses registered and operating in Ontario, Canada.

Repayment is automatic: we take a fixed percentage of your daily or weekly sales until the agreed amount is paid. When sales are slow, you pay less; when sales are strong, you pay off faster. It's flexible to your revenue.

Instant Verification is a new service that allows us to instantly verify your identity and view an electronic and secure copy of your bank statement allowing us to make a fast and accurate decision on your loan. It replaces outdated methods such as faxing your bank statement or making time consuming calls to your bank. It provides you speed, privacy, security and convenience.

Yes. We use industry-standard security to protect your information. Your data is kept confidential and secure.

Call us at 1-855-639-6888 or use the chat widget on this page. We're happy to help.