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How to Get the Financing You Need to Stay Competitive

Operating in a highly regulated business, not only are you faced with the challenges of staying compliant with government regulations, you must constantly hone your competitive edge. Whether you are a cannabis merchant, pharmaceutical company, distillery or some other tightly regulated business, Merrco provides payment solutions that combine best-of-its-kind compliance controls with the capacity to accept a wide range of payment types.

We are proud to offer BillMarket, an innovative financing solution drawing on the powerful insights of Equifax, the consumer reporting credit agency, and Thinking Capital, the Canadian leader in providing alternative financing solutions for small businesses.

With BillMarket, you can quickly get access to the capital that your business needs for growth and survival, with a simple online approval process and flexible repayment terms.

If you need to scale up to stay competitive, you can turn to BillMarket to receive financing of up to $300,000, with most approvals coming within a day. Or if you find cash flow is a problem one month, you can use BillMarket to pay suppliers with a click of link.

While you could go to a traditional financial institution for a small business loan, you know the approval process can be complex, time consuming and judged by narrow credit criteria alone. So Merrco is proud to partner with BillMarket, to offer our merchants financing up to $300,000, with most approvals coming within 24 hours.

The BillMarket Approval Process Works

To get approved and find out how much financing your regulated business is eligible for, just click the link to the BillMarket page. Answer a few simple questions about you and your business and you will instantly see your Equifax Small Business Grade, which is used to show how much you can borrow.

While different financial institutions use a variety of criteria to decide loans, Thinking Capital has its own, which do not solely depend on credit score. It will analyze many aspects of your business, including future earning potential, and can often offer financing with different pricing terms.

Once your regulated business becomes “certified,” you can get approved for loans that can range from $5,000 to $300,000, with a choice of short and longer repayment options – 60 days up to 12 months!

During the online application process, you will be prompted to connect your bank account, or provide your bank statements. BillMarket requires a minimum of three months of data in order to determine how much financing you are eligible to receive.

BillMarket is available to Canadian businesses, in operation for a minimum of six months, with average monthly card sales of at least $7,000.

Your Competitive Edge with BillMarket

Once signed up for BillMarket, you can have easy access to much needed working capital – repaid with terms tailored to your situation – to invest back in your company, whether it is to increase your sales force, buy bigger storage or processing facilities, or for some other important business reason.

Or, it takes just one click to get suppliers paid on time (when your suppliers are signed-up on the platform). From your online dashboard, simply indicate what is due to whom and the platform will make the payment for you, helping to improve your business with stable cash flow, increase your buying power and make timely payments on your own terms.

With BillMarket, you can get the capital you need now, or have it at hand when you require it down the road. It will quickly pay to start the application process now.

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