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
We compare options across our network to match you with the right fit. 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
- Funding as fast as 24 hours (subject to approval)
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 competitive rates and long terms (US only)
- Amount
- $50,000 – $10,000,000 (7(a) + 504 combined)
- Speed
- Funded in 30–60 days
Invoice Factoring
Turn unpaid invoices into immediate cash
- Amount
- $10,000 – $10,000,000
- Speed
- Funded as fast as 24 hours, subject to underwriting
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
Same-day decision for clean files
A participating funding provider reviews your file and issues a written offer.
- 04
As fast as 24 hours on clean files
Funds wired to your business account on signing.
Industries
Funding for every kind of business
Locations
Local business funding across the USA & Canada
Top U.S. states
Top U.S. metro counties
Canada — by province
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 in the U.S.; Equifax or TransUnion in Canada)
- 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 + SIN (or other ID required by the funding provider)
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. Pre-qualification uses the details you provide and does not run a credit check. A credit inquiry only happens after you start a full application, and the inquiry type is disclosed before you sign.
Free pre-check
Eligibility checker
Pre-qualification uses the details you provide and does not run a credit check. A credit inquiry only happens after you start a full application, and the inquiry type is disclosed before you sign.
Business funding in as little as 24 hours
Ready to see what you qualify for?
Free to apply. No upfront fees. Available to qualified applicants with a complete file; timing varies by funding provider.
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. personal credit score | 500 | 600 | 600 |
| 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.
Illustrative scenario
How a fast working-capital file typically comes together
Educational example only — not an actual customer, not a guarantee of approval, amount, speed, or outcome.
A seasonal contractor preparing for peak demand
Consider a multi-year contractor that needs to pre-stock inventory and staff up before a busy season, but sees a seasonal dip in a recent month's deposits. A traditional bank may decline on that single-month dip. Through Simply Approved Business Loans they submit a one-page application plus three months of business bank statements, and a participating funding provider reviews the full file — not just one month — and, if it meets that provider's criteria, may issue a written offer for a revenue-based advance.
Amounts, factor rates, term length, remittance schedule, and time-to-fund are determined by the participating funding provider based on revenue, credit, time in business, industry, and product. There is no guarantee any application will be approved or funded within any particular timeframe.
Questions, answered
Frequently asked questions
What's the minimum revenue to qualify?
Participating funding providers in our network typically require at least $35,000 in monthly business deposits for most working capital products, with lower thresholds (around $15,000/mo) available for some MCA programs. Final requirements vary by lender and product.
How long do I need to be in business?
Most products require at least 6 months in business. Term loans typically require 12+ months. SBA loans require 2+ years in business. Startup financing options are available for newer businesses with strong personal credit.
What credit score do I need?
Revenue-based products approve down to 500 FICO. Term loans typically require 600+, and SBA loans require 650+. Participating funding providers underwrite the whole file, not just the score.
Do you fund sole proprietorships?
No. We require a registered business entity (LLC, Corp, or partnership) with a business bank account at a bank or credit union. Personal bank statements and sole-proprietor accounts cannot be used.
Can I use Cash App, Square, Stripe, or Shopify statements?
No. Funding requires statements from a business checking account at a bank or credit union. Statements from fintech platforms like Cash App, Square, Stripe, Shopify, or PayPal cannot be used to underwrite.
Do open bankruptcies disqualify me?
Yes. Open or recent bankruptcies disqualify an application. Past defaults resolved more than 2 years ago can be considered with a paid-in-full or zero-balance letter from the prior lender.
How fast can I get funded?
Most working capital and merchant cash advance approvals fund within 24 hours of a clean file. Term loans fund in 2 to 7 days. SBA loans take 30 to 60 days.
Does applying hurt my credit?
Pre-qualification typically does not require a hard credit pull. The exact inquiry type depends on the lender and product, and any hard inquiry is disclosed before you sign. Applying with us is free and creates no obligation.
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.