Simply Funding
Financial ServicesNew York, United States11-50 Employees
Simply Funding is a direct funding company in the financial services industry that provides merchant cash advances and other alternative finance options to small business owners. Its headquarters are in New York City's financial district at 45 Broadway, New York, NY 10006. Financing decisions are based on a merchant's gross monthly receipts, with repayment taken as a percentage of future sales and without fixed payments or collateral, differentiating it from banks. The company focuses on sectors including food & beverage/restaurants, government contractors, healthcare, and construction, while considering other sectors; it emphasizes efficiency, transparency, reliability, and security as core values and maintains relationships with brokers and merchants, offering real-time updates, flexible buy rates, and early payoff discounts. In June 2023, Onyx IQ announced a partnership with Simply Funding to scale its merchant cash advance services.