Simple Business Loan
- Amount and term
- Advertised up to $50,000 unsecured, for up to 60 months.
- Revenue-linked limit
- Unsecured amount generally cannot exceed two months of gross revenue; nonprofits are limited to one month. Businesses under two years are capped at $25,000 and one month of gross revenue.
- Documentation
- Some eligible applications avoid financial-statement/liquidity verification, but startups under two years and nonprofits require financial statements.
- Fees
- No origination fee; other fees and closing costs may apply.
Provider sources: Simple Business Loan · Product overview and qualification footnotes
