Business funding,
simply approved.
From $5,000 to $25,000,000. Decisions in hours, funding in as little as 24. Helping businesses across the U.S. and Canada secure the capital they need to grow.
- Quick pre-qualification
- No application fees
- Flexible credit options
- Same-day decisions
Applying is free and creates no obligation. All offers subject to lender underwriting.
Loan Products
10 ways to fund your business
Merchant Cash Advance
Fast capital based on future receivables
- Amount
- $5,000 – $2,000,000
- Speed
- Funded in 24 hours
Business Term Loan
Fixed-rate financing for major investments
- Amount
- $25,000 – $5,000,000
- Speed
- Funded in 2–7 days
Business Line of Credit
Revolving capital you can draw on demand
- Amount
- $10,000 – $1,000,000
- Speed
- Approved in 1–3 days
Equipment Financing
Up to 100% financing for the gear you need
- Amount
- $10,000 – $5,000,000
- Speed
- Funded in 3–7 days
SBA Loans
Government-backed loans with the lowest rates (US only)
- Amount
- $50,000 – $5,000,000
- Speed
- Funded in 30–60 days
Invoice Factoring
Turn unpaid invoices into immediate cash
- Amount
- $10,000 – $10,000,000
- Speed
- Funded same day
How it works
From application to funded — in 24 hours
- 01
Apply in 5 minutes
1-page online application. No upfront fees.
- 02
Send statements
3 months business bank statements (4 in NY/CA, 6 in Canada).
- 03
Get approved same day
Underwriter reviews and issues a written offer.
- 04
Funded in as little as 24 hours
Funds wired to your business account on signing.
Industries
Funding for every kind of business
Approval requirements
Who qualifies?
Real, transparent requirements. No fine-print games.
- $35,000+ in monthly business deposits
- Minimum 6 months in business
- Minimum 500 personal credit score (FICO)
- Business checking account at a bank or credit union
- USA: 3 months bank statements (4 months in NY & CA), EIN + SSN
- Canada: 6 months bank statements, CRA Business Number + SSN
Disqualifications
We're upfront about what won't approve.
- • Monthly revenue under $35,000
- • Less than 6 months in business
- • Personal credit score below 500
- • Open or recent bankruptcies
- • Previous defaults — over 2 years ago requires a paid-in-full or zero-balance letter
- • Personal bank statements / sole proprietorship
- • Cash App, Square, Stripe, Shopify, or PayPal statements (must be a business account at a bank or credit union)
30-second pre-check
See if you qualify before you apply.
Enter your credit score, time in business, and monthly revenue. We'll instantly tell you whether you meet our published USA or Canada minimums — no credit pull, no signup.
Free pre-check
Eligibility checker
No credit pull. No data stored. Instant answer.
Apply now — funded in 24 hours
Free to apply. No upfront fees. Real underwriters review every file.
Compare options
MCA vs term loan vs line of credit
Three of the most common ways small businesses fund growth. Here's how they actually stack up so you can pick the right one before you apply.
| Feature | Merchant Cash Advance | Term Loan | Line of Credit |
|---|---|---|---|
| Funding amount | $5K – $2M | $25K – $5M | $10K – $1M |
| Time to funding | As little as 24 hours | 2 – 7 business days | 1 – 5 business days |
| Repayment | Daily or weekly auto-debit | Fixed weekly payment | Revolving — pay as you draw |
| Typical cost (industry data) | Factor rate 1.10 – 1.49 | APR 9% – 36% | APR 8% – 30% |
| Min. credit score | 500 FICO | 600 FICO | 600 FICO |
| Time in business | 6+ months | 12+ months | 12+ months |
| Best for | Fast cash, lower credit, uneven revenue | Predictable weekly payment, larger projects | Flexible working capital you draw as needed |
Ranges shown reflect publicly reported industry data from third-party sources (Fundera, NerdWallet, Bankrate, OnDeck and similar publications) and are provided for educational comparison only. They are not offers from Simply Approved Business Loans and do not represent the rates, fees, or terms any specific lender will quote you. Actual offers depend entirely on lender underwriting of your revenue, credit, time in business, and product. See our disclosures for details.
Case study
$185,000 funded in 26 hours
Family-owned HVAC company doubles summer crew capacity
A 4-year-old HVAC contractor in Phoenix needed to pre-stock condensers and hire two additional installation crews before the May heat wave. Their bank declined the request because of a seasonal dip in February deposits. They applied through Simply Approved on a Tuesday morning, submitted three months of bank statements that afternoon, and signed an offer for $185,000 in working capital the next morning. Funds hit their business checking account 26 hours after first contact.
By the end of the season they had completed 38% more installations than the prior year and refinanced into a longer-term product at a lower rate once 60% of the advance was paid down.
"Our bank wanted six weeks. Simply Approved had the wire on our account before our supplier closed Wednesday. That one decision saved our summer."
Questions, answered
Frequently asked questions
What's the minimum revenue to qualify?
How long do I need to be in business?
What credit score do I need?
Do you fund sole proprietorships?
Can I use Cash App, Square, Stripe, or Shopify statements?
Do open bankruptcies disqualify me?
How fast can I get funded?
Does applying hurt my credit?
Get funded in as little as 24 hours
$5,000 to $25,000,000. Free pre-qualification. No upfront fees. Same-day decisions for clean files.