Merchant Fund Express
(305) 384-8391Apply
Home / Canada / Use cases / Hiring

Use case

Hiring funding: how to size it and what to watch.

A new hire costs salary and training months before they cover their own cost.

Apply NowDo I Qualify?

✓ Checking what you qualify for does not affect your credit score.

Same dayDecisions, often
500+Scores considered
CADExamples in
SizedTo the need

What this looks like

A new hire costs salary and training months before they cover their own cost.

A technician, a sales representative or a second pharmacist is a revenue bet. Payroll starts on day one; the revenue they bring usually builds over weeks.

How to size it

Fund the ramp: salary, benefits and training until the person pays for themselves. Three months of fully loaded cost is a common planning window.

Illustrative arithmetic

A HVAC company depositing about $76,000 a month asks for $25,000 to hire two technicians before the busy season. At a 1.25 factor the payback is $31,250, a cost of $6,250. Over roughly 6 months that is about $248 per business day, or close to 7% of monthly deposits.

  • Total payback: $31,250.
  • Cost: $6,250.
  • Payment: about $248 per business day, close to 7% of monthly deposits.

Every figure on this page is illustrative arithmetic in Canadian dollars. It is not an offer, a quote or a promise of approval.

Which structure tends to fit

A revenue-based structure aligns the payment with the new revenue. A short advance can cover the ramp when the return is quick.

Where it goes wrong

Before you apply

Typical starting points

Monthly revenueTypically from around $20,000 a month in deposits for Canadian files. The exact line varies by funder and by file.
Time in businessTypically about 12 months. Newer businesses can be reviewed, but the options narrow.
Account healthLimited low-balance or negative days. Funders read the last few months of bank statements for this.
CreditScores from 500 are considered. A score of 600 or higher opens more options and better offers.
DocumentsA signed application and recent business bank statements, typically the last four months.
Existing advancesFiles with an existing advance can be reviewed, including second position.

Common questions

How much should I ask for?

Ask for the amount you can name in dollars and tie to a quote, invoice or schedule. A smaller, specific request is easier to approve and cheaper to repay.

Which structure is best?

It depends on whether the need is a one-time purchase or a recurring gap. See the comparison pages for the trade-offs.

How fast can I get it?

Decisions are often the same day on a complete file, and funding can follow the next business day.

Keep reading

Funding use casesPayroll, inventory, expansion and moreMerchant cash advance CanadaHow an advance against future card sales worksRevenue-based financing CanadaRepay a fixed multiple as a share of revenueCash-flow affordability calculatorCan the month carry the payment?Underwriting situationsCredit, NSFs, time in business and more

Educational information only. It is not legal, tax or accounting advice.

See what you qualify for

Same-day decision. Applying takes a few minutes and will not affect your credit score.

Apply Now →
Apply NowCall