At a Glance
Rating Breakdown
About Simply Funding
Simply Funding opened in Miami in 2017 with a bet: business owners will pay a small premium for an MCA that requires almost zero paperwork. Over $600 million funded so far, so apparently the bet was right. The application is literally one page. Connect your bank account through a secure API, the system grabs your transaction history, done. No downloading PDFs. No uploading statements. No faxing. Nothing. The automated engine reads your bank data, looks at revenue patterns and cash flow, and spits out a funding decision in 2-4 hours. Get approved before noon? Could fund the same day. After noon? Next business day. Factor rates of 1.15-1.50 are not the cheapest in the market, and Simply Funding isn\'t trying to be. They\'re competing on speed and friction -- or rather, the total absence of it. If you need $50K by tomorrow and can\'t stomach a 3-day underwriting process that demands tax returns and financial statements, this is what Simply Funding was built for.
Key Features
One-Page Application
One page. Business name, owner info, how much you need. Connect your bank. Done. No financial statements. No business plan. No 10-page form asking about your 5-year projections.
Automated Bank Analysis
The system connects to your bank through a secure API and reads your transaction data automatically. No downloading PDFs, no scanning, no uploading. It just pulls what it needs.
Same-Day Decisions
Apply and get an answer in 2-4 hours. The automated engine handles 90% of decisions. A human only looks at edge cases where the algorithm is not sure.
Next-Day Funding
Funded next business day for most approvals. If you apply and get approved before noon Eastern, same-day funding is on the table.
How It Works
One-Page Application
Fill out one page. Takes under 5 minutes.
Connect Your Bank
Link your bank account through the portal. The system reads your transactions automatically.
Instant Offer
Offer back in 2-4 hours: factor rate, advance amount, daily payment, total cost.
Accept & Get Funded
E-sign and get funded. Next business day or same day if you signed before noon.
What They Do
- Merchant Cash Advance
- Working Capital
- Quick Business Funding
- Revenue-Based Advance
Debt Types They Take On
- Merchant Cash Advance
- Revenue-Based Financing
- Working Capital
- Short-Term Advance
Fee & Cost Structure
Regulatory & Trust
Review Summary
Notable Case Studies
Emergency Inventory Purchase
Boutique clothing store in Austin received an unexpected opportunity to buy closeout inventory worth $120K at 60% discount but needed $50K within 24 hours.
Quick Payroll Bridge
Marketing agency with delayed client payments needed $30K to cover payroll by end of day Friday. Applied Thursday morning.
Pros & Cons
Pros
- Industry's simplest application takes under 5 minutes
- Automated bank analysis eliminates manual document uploads
- Funding decisions within 2-4 hours
- Same-day funding available for early applications
- Minimal documentation requirements
Cons
- Daily ACH is the only repayment option for most advances
- Maximum advance of $400K is lower than some competitors
- Factor rates may be slightly higher due to faster processing
User Reviews (13)
basic MCA with basic features
Got $45K at 1.28 from Simply Funding for my auto shop. Daily ACH, UCC lien, personal guarantee — the standard MCA package. No innovative features, no flexible payment options, no multi-product alternatives. The rate was decent and the process was fast. But in a crowded MCA market, "decent and fast" doesn't stand out when several competitors offer the same thing plus additional features.
fast turnaround for mid-sized advances
Got $50K at 1.26 for my contracting business in 2 business days from application to funding. Daily ACH of $350 over 180 days. The process was efficient and the communication was clear. Nothing fancy about Simply Funding but they execute well on the basics. For a contractor who needs working capital without a week-long application process, they deliver.
good for quick working capital needs
Needed $30K fast for a big plumbing project where the client wouldn't advance the materials cost. Applied to Simply Funding on a Tuesday, funded Thursday. 1.26 factor rate. The speed was critical — I would've lost the $80K project if I couldn't buy materials by Friday. Simply Funding came through when I needed them. For time-sensitive working capital, they're reliable.
renewal process was even simpler than the original
First advance: $25K at 1.28. Paid off in 7 months. Renewal: $35K at 1.22. The renewal process was one updated bank statement and a 5-minute phone call. Simply Funding already had my profile on file. The rate dropped 6 points on the renewal which saved me about $2,100 on the total repayment. Building a history with them pays off literally.
Miami based and they move fast
Simply Funding operates out of Brickell in Miami. They move at Miami speed which is to say FAST. Applied Thursday afternoon, offer Friday morning, funded Monday. $30K at 1.24. For my bakery in LA the location didn't matter — everything was digital. But the energy and urgency of the team felt distinctly South Florida. Responsive, fast-talking, deal-focused. Gets the job done.
small advance processed with the same urgency as a big one
Only needed $12K for new refrigeration equipment at my deli. Some funders treat small deals as an afterthought. Simply Funding processed my $12K advance with the same speed and professionalism as if it were $120K. 1.22 factor rate. Daily debits of $81. Funded in 24 hours. When a company treats every deal as important regardless of size, that tells you something about their values.
the name says it all — simple application and fast funding
Applied for $35K for my restaurant. The entire application took 8 minutes. Three months of bank statements uploaded, one-page form filled out, submit. Offer came back in 4 hours. 1.24 factor rate. Signed electronically. Money in my account next morning. Simply Funding lives up to its name — the whole process is stripped down to the essentials. No unnecessary steps, no excessive documentation. Just simple.
competent funder in the mid-market space
Simply Funding fills the gap between tiny MCAs under $10K and the big $200K+ deals. For my $40K landscaping advance at 1.24, they were well-suited. Not trying to be the cheapest, not trying to be the biggest. Just executing clean deals in the $10K-$100K range efficiently. $49,600 total repayment. $276 daily ACH. Straightforward. Sometimes straightforward is exactly what you need.
the simplicity of the process is genuinely refreshing
I've applied through platforms that want 6 months of statements, tax returns, a business plan, references, and a credit report. Simply Funding wanted 3 months of statements and a one-page application. THAT'S IT. Got $20K at 1.24 for my coffee shop. Funded in 2 days. Sometimes the best thing a company can do is eliminate unnecessary friction. Simply Funding does exactly that.
clean contract and transparent pricing
No origination fee, no processing fee, no hidden charges. Just the factor rate. Simply Funding's contract was clear about every cost. $50K at 1.24. $62K total. $344 daily. That's it. No surprises at signing. For a consulting firm where I need to understand my exact cost of capital for budgeting, the transparency is appreciated. Other MCA companies should take notes on contract simplicity.
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Related Companies
Important Merchant Cash Advance Disclaimers
- A merchant cash advance is not a loan. It is a purchase of future receivables at a discount. Factor rates, not APRs, are used to express the cost of capital. Effective APRs on merchant cash advances can range from 40% to over 350% depending on the term and factor rate.
- Repayment is typically collected daily or weekly via automatic ACH debits or a percentage of credit card sales. This means your repayment amount fluctuates with revenue but withdrawals occur every business day, which can strain cash flow during slow periods.
- Most MCA agreements require a personal guarantee from the business owner. In the event of default, the MCA provider may pursue the owner's personal assets, including bank accounts and property.
- MCA providers commonly file UCC-1 liens against your business assets. This lien may prevent you from obtaining additional financing until the advance is fully repaid and the lien is released.
- Merchant cash advances are not regulated by federal lending laws such as the Truth in Lending Act (TILA). State regulations vary widely, and some states have limited consumer protections for MCA products.
- Stacking multiple merchant cash advances (taking a second advance before the first is repaid) significantly increases the risk of default and can lead to aggressive collection actions including confessions of judgment in some jurisdictions.
- Zogby does not provide merchant cash advances or business financing. We are an independent comparison service. We do not fund advances, process applications, or guarantee approval on your behalf.
This page is informational, not financial or legal advice. Talk to a qualified professional before making any big money decisions.
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