Do you fund Canadian businesses in Canadian dollars?

Yes. Funding for Toronto and Canadian businesses is provided in CAD, with remittance collected as a percentage of revenue by pre-authorized debit from your Canadian business bank account. Security is registered under the Personal Property Security Act, the Canadian equivalent of a UCC filing. The structure is the same revenue-based product we provide in the United States, adapted to Canadian banking rails. Approval depends on revenue patterns, time in business, deposit consistency, and other underwriting factors. Not all applicants qualify.

Are the requirements the same as for US businesses?

Yes — roughly six months or more in business, $25,000 CAD or more in monthly revenue, and a Canadian business bank account, with underwriting based on the last three to six months of bank statements. Credit is one factor rather than the gate it is at a Canadian bank, which is why established Toronto businesses declined by the Big Five can often still be evaluated seriously.

My bank declined us — can we still qualify?

Often, yes, and it is the most common situation we see in Toronto. Canadian bank underwriting leads with collateral, years of statements, and personal credit; revenue-based underwriting leads with the performance of the business itself — deposit volume, consistency, and trend. A business with strong CAD revenue and a thin collateral profile is exactly the gap this product exists to fill. Approval depends on revenue patterns and other underwriting factors.

How fast can a Toronto business get funded?

With a complete application and the last three to six months of business bank statements, eligible Toronto businesses can receive a same-day decision, with funding commonly arriving within 24 to 72 hours after the agreement is signed. That timeline fits equipment failures, project mobilizations, and seasonal buildouts in a way a multi-week bank process does not. Actual timing varies by application.

Ontario

Toronto Merchant Cash Advance & Business Funding

Toronto is where Canadian business banking is headquartered — and where its gaps are most visible. The Big Five sit downtown while the contractors, restaurants, carriers, staffing firms, and retailers around them wait weeks for collateral-led decisions that often end in a no. Y Millennial Funding provides revenue-based business funding to Toronto businesses in Canadian dollars: underwritten on the deposits in your business bank account rather than collateral, with remittance collected as a percentage of revenue by pre-authorized debit so payments flex with your season, and security registered under the PPSA rather than demanding hard assets. The baseline is the same one we apply everywhere — six or more months in business and $25,000 CAD or more in monthly revenue — with decisions in hours and funding commonly within 24 to 72 hours for eligible applications.

Apply Now Talk to a Specialist

Merchant cash advances are not loans. Funding amounts, terms, and timing vary based on business performance and underwriting. Not all applicants qualify.

Get Funded in Toronto

No obligation. No credit impact.

Why Toronto Businesses Choose Us

Same-Day Decisions

Get a decision within 24 hours

$25K - $5M

Funding for established businesses

No Collateral

Your sales secure your funding

Flexible Terms

Repayment that fits your cash flow

Business Landscape in Toronto

Business Climate

Toronto is the largest business market in Canada — a city where the financial core, the condo construction pipeline, a continent-scale logistics position on the 401, and one of the most competitive restaurant scenes in North America all run side by side. The businesses that grow here are the ones that can fund payroll, inventory, and equipment on the timeline the city moves at, not the timeline a bank committee moves at.

Economic Anchors

The financial district and the corporate demand it generates, the condo and infrastructure construction pipeline, the 401 freight corridor and rail intermodal network, the hospital and healthcare cluster, and a restaurant economy that runs from Queen West to Scarborough

Transportation & Logistics

Major Highways & Interstates

Highway 401Gardiner ExpresswayDon Valley ParkwayHighway 427QEW

Notable Business Districts

Financial District

Liberty Village

Queen West

Etobicoke industrial corridor

Scarborough business parks

North York

Key ZIP Codes

M5V

M4Y

M6J

M1B

M9W (postal districts)

Local Challenges We Solve

The Big Five banks are headquartered in Toronto and are famously conservative with the small businesses around them: collateral-led underwriting, years of financial statements, and approval timelines in weeks. Commercial rents are among the highest in Canada, net-30 to net-60 invoices are standard in construction and B2B services, and fast CAD working capital options for established small businesses are thin.

Seasonal Business Considerations

Winter slows construction and patio-driven hospitality, then spring releases both at once — the condo and infill pipeline ramps and restaurant season opens. Summer festivals and patio months are the peak for food and beverage, and the holiday season carries retail. Most Toronto businesses run a pronounced seasonal curve that a fixed bank payment ignores.