Affiliate commission terms: 20% revenue share
These affiliate commission terms explain exactly how the 20% revenue share is calculated, how long a referral stays attributed to you, when payouts are issued, and how clawbacks are handled in the Simply Approved Business Loans affiliate program.
Last reviewed: by the Simply Approved Business Loans editorial team.
1. How the 20% revenue share is calculated
Your commission is a share of our revenue, not a share of the borrower's loan. The formula we apply to every funded referral is:
Your payout = (gross commission received − refunds, chargebacks, lender clawbacks and third-party processing fees) × 20%
| Example deal | Gross commission to us | Deductions | Net revenue | Your 20% |
|---|---|---|---|---|
| $50,000 working capital | $5,000 | $0 | $5,000 | $1,000 |
| $150,000 term loan | $10,000 | $500 processing | $9,500 | $1,900 |
| $40,000 equipment financing | $3,000 | $1,000 partial clawback | $2,000 | $400 |
Figures above are illustrative examples of the calculation only. Commission amounts vary by product, funding provider, and deal size, and we do not guarantee approval, rates, or funding amounts for any referred business.
2. Qualifying referrals
- The business must be new to us and not already in our pipeline at the time of referral.
- The referral must arrive through your unique referral link or be submitted from your affiliate dashboard.
- The deal must fund and the funding provider must remit our commission.
- Self-referrals, referrals of businesses you own or control, paid search bidding on our brand terms, and unsolicited bulk email or SMS are not eligible and may end participation.
3. Attribution window (90 days)
- Window: 90 days from the first recorded click on your referral link.
- Storage: attribution is stored on the visitor's device and written to the lead record when they apply.
- Conflicts: if more than one affiliate touches the same business, the first recorded attribution wins.
- Direct submissions: clients you enter in your dashboard are attributed to you immediately and are not subject to the 90-day click window.
- Renewals: repeat and renewal funding for an attributed client continues to pay your 20% share.
4. Payout timing
- Pending: created when your referred deal funds.
- Approved: set once the funding provider has remitted our commission and the amount is confirmed.
- Holding period: 30 days after approval, to cover early defaults and reversals.
- Paid: issued on the 15th of the month following the end of the holding period.
- Minimum: $100 USD; smaller balances roll into the next run.
- Method: ACH, e-transfer, or cheque. A W-9 (U.S.) or W-8BEN/W-8BEN-E (Canada) must be on file before your first payment.
5. Clawback policy
- If a funding provider reverses or reduces our commission — early payoff, rescission, fraud, or default inside the provider's clawback window — your commission is reduced by the same proportion.
- If the reversal happens before payout, the pending or approved commission is adjusted or cancelled in your dashboard.
- If the reversal happens after payout, the amount is deducted from your next payout. Where no further payout is expected, we invoice the balance, payable in 30 days.
- Commissions tied to misrepresented or fraudulent applications are forfeited in full and the affiliate account is closed.
6. Program conduct and compliance
Affiliates must present our program accurately. Never promise approval, specific rates, or specific funding amounts, and never state or imply that funding is guaranteed. Marketing must comply with CAN-SPAM, CASL, TCPA, and applicable state and provincial rules. Do not name individual funding providers — refer to our network as participating funding partners.
Frequently asked questions
What exactly is the 20% affiliate revenue share based on?
Your 20% is calculated on the net commission revenue Simply Approved Business Loans actually collects and keeps on a funded referral — not on the loan amount and not on the borrower's payments.
How is net commission revenue calculated?
Net revenue is the gross commission received from the funding provider, minus refunds, chargebacks, lender clawbacks, third-party processing fees, and any amount never collected.
How long is an affiliate referral attributed to me?
Clicks on your referral link are attributed to you for 90 days from the first recorded click. Clients you submit directly in the affiliate dashboard are attributed to you on submission.
When do affiliate commissions get paid?
A commission is approved once the deal funds and the funding provider remits our commission. Approved commissions are held 30 days, then paid on the 15th of the following month.
Is there a minimum payout amount?
Yes. The minimum payout is $100. Balances under $100 roll forward and are paid in the next payout run once the threshold is met.
What happens if a funded deal is reversed?
If a commission is clawed back after we have paid you, the amount is deducted from your next payout. If no future payout exists, the balance is invoiced.
Do renewals and repeat funding pay a commission?
Yes. Renewals and repeat funding for a client you originally referred pay the same 20% revenue share while that client remains attributed to you.
Ready to start earning?
Apply to the affiliate program, review the broader business loan partner program, or sign in to your affiliate dashboard. New to our products? See funding products, how it works, and eligibility requirements. Questions about a payout? Visit contact us.
Your approval email confirms your individual commission rate; 20% is our standard published rate. These terms supplement your affiliate agreement and may be updated with notice. See our site terms and privacy policy. Tax reporting guidance is available from the IRS and the Canada Revenue Agency.