Vancouver, Sept. 14, 2017 (GLOBE NEWSWIRE) -- Canadian Business and PROFIT today ranked alternative lender, Merchant Advance Capital, 19 on the 29th annual PROFIT 500, the definitive ranking of Canada’s Fastest-Growing Companies. This ranking is based on the five-year revenue growth of Canadian businesses.
Merchant Advance Capital, a leading national online business lender, made the 2017 PROFIT 500 list with an impressive five-year revenue growth of 3,055%. Since 2010, Merchant Advance Capital has provided more than $130 million in working capital to small businesses nationwide and the company employs more than 45 people in offices in Vancouver and Toronto.
Dave Gens, Founder and CEO of Merchant Advance Capital, said: “We’re thrilled to be ranked nineteenth on the Profit 500 list. This achievement reflects the strength of our offering and the dedication of our team. Merchant is at the forefront of helping small business owners realize their potential through smart funding solutions and we will continue to support Canadian small and medium businesses into the future.”
“It is never easy to earn a spot on the PROFIT 500, but this year’s applicant pool was the most competitive yet,” says Deborah Aarts, PROFIT 500 program manager. “This year’s winners demonstrate the resilience, innovation and sheer management smarts it takes to build a thriving business today. Canada—and the world—needs more entrepreneurial success stories like these.”
Merchant Advance Capital’s position on the PROFIT 500 list will be published in the October issue of Maclean’s magazine and on CanadianBusiness.com.
About Merchant Advance Capital
Merchant Advance Capital is one of Canada’s leading online lenders on a mission to help small and medium-sized businesses grow. They leverage technology and data science to reduce risk and provide more control, lower fees and flexible repayment schedules. Merchant Advance Capital was founded in 2010 and has now grown to include offices in Toronto and Vancouver and serves clients Canada-wide.
About the PROFIT 500
For 29 years, the PROFIT 500 has been Canada’s most respectable and influential ranking of entrepreneurial achievement. Developed by PROFIT and now published in Maclean’s magazine and at CanadianBusiness.com, the PROFIT 500 ranks Canadian companies on five-year revenue growth. For more information on the ranking visit PROFIT500.com or CanadianBusiness.com.
About Canadian Business
Founded in 1928, Canadian Business is the longest-serving and most-trusted business publication in the country. It is the country's premier media brand for executives and senior business leaders. It fuels the success of Canada's business elite with a focus on the things that matter most: leadership, innovation, business strategy and management tactics. Learn more at CanadianBusiness.com.