Frequently Asked Questions: Everything You Need to Know
In this section, you’ll find answers to the most common questions about our business financing services. We’ve put together detailed information to help you better understand how our revenue-based loans, business lines of credit, and equipment financing work. If you have questions, you’ll find clarity here. Our goal is to provide you with all the information you need to make informed decisions and get the most out of our services. If you can’t find the answer you’re looking for, don’t hesitate to contact us.
Programs
We offer term business loans such as revenue-based financing and equipment financing. We also offer business lines of credit. The application is simple and hassle-free; we evaluate a half-page application and the last 3-4 months of business bank statements (4 months if your business is located in New York or California).
● Revenue-Based Financing: Amounts from $5,000 to $5,000,000 in financing with terms ranging from 6 to 36 months.
● Business Line of Credit: Financing up to $500,000 with repayment terms from 6 to 24 months. Funds are fresh and readily available as you continue to pay down your balance in a flexible manner.
● Equipment Financing: Financing up to $1,500,000 with terms from 36 to 72 months.
Need more? Talk to one of our financing specialists today so we can customize your business financing experience! (855) 917-0553
Simplified Funding offers unsecured term loans as well as business lines of credit. We do not require personal collateral.
Our equipment financing is secured by placing a lien on the equipment purchased. We do not take personal property as collateral to secure our programs.
I would like to put up property as collateral. Is that possible? Call one of our financing specialists at (855) 917-0553.
Apply
At Simplified Funding, we’ve made it fast, simple, and secure! We only require a half-page application and your last 4 months of business bank statements to begin your business funding experience. Simply click here to start your process or call one of our financial experts at (855) 917-0553.
Qualifying for our programs is simple, your business must show the following:
● At least 6 months in business.
● Minimum average of $10,000 in gross monthly revenue
● 4 business bank statements (we do not accept business accounts with digital wallets)
Simplified Funding is proud to be able to work with small business owners regardless of their state. No state restrictions!
We’ve simplified the business financing process by only requiring the following:
● Basic business and personal information via our secure financial app
● Business bank statements for the past 4 months in PDF format
No. Simplified Funding offers financing options based on monthly gross revenue, which we assess through the past 4 months of business bank statements. We work with small business owners regardless of their FICO scores.
Our application process is completely free and with no strings attached! At Simplified Funding, we firmly believe that you shouldn’t have to pay to view your business funding options. We only charge a fee when funding your business.
Financing
Simplified Funding can deliver funds quickly. Upon receiving a completed funding application and the last 4 months of business bank statements, we can get back to you with customized funding options within 48 business hours. Our record funding turnaround is 4 hours!
For our revenue-based financing, funds will be deposited directly into your business checking account via an ACH transfer.
For our business line of credit, we create a secure and easy-to-access portal. Funds are available 24/7, regardless of time, weekends, or holidays! Do you need the funds for payroll? Do you need capital to purchase inventory? Or are you just looking to cover day-to-day expenses? Call us and apply now through a 10-minute, 2-step process. (855) 917-0553
Our loan rates are determined by your company’s gross monthly revenue and the program that best fits your needs. Loan offers are free, but you may be charged professional fees at the time of funding.
No. All financing options we offer come with no strings attached. Offers are available for a period of 7 days, after which they expire. You are eligible to reapply once the period has ended.