Small Business Loans
SkyBank Financial works with small businesses in many industries – from retail, to restaurants, to education – who use their loans in a variety of ways. Some businesses build new stores, some hire new employees and some buy inventory, while others use the money to manage unexpected expenses or take advantage of new opportunities to grow their business.
Alternative financing is preferable for the following reasons:
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Improve cash flow |
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Use money for expansion, improvement, repairs, ongoing expenses, new equipment, advertising, advantageous buys |
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Traditional lending sources typically refuse credit to small businesses as much as 92% of the time |
Unsecured Business Loan
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A traditional term loan without the layering on a variety of fees - we keep our rates transparent and are happy to help you compare offers. |
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Pre-Approvals in 48 hours |
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Funding in as few as 2 weeks |
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Loan amounts from $25,000 up to $500k |
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We charge a 4.50% origination fee that is taken at the beginning of the loan. That's it! |
Interest Rates (Annual)
| 12 Months |
24 Months |
36 Months |
48 Months |
60 Months |
| 5.49% - 18.29% |
7.99% - 20.79% |
8.99% - 21.79% |
9.79% - 22.79% |
10.49% - 18.29% |
*Effective rates can vary slightly based upon funding date and origination fee. For illustrative purposes, the effective rates above are based on a June 1, 2014 funding date.
HealthCare Professionals Loan
Whether you're looking to consolidate debt, market your services, upgrade equipment or simply want to increase your operational cash flow, SkyBank Financial and our affiliates have a program for you. Traditional lenders work with a wide range of businesses and are not in tune with the challenges you face every day.
What to expect:
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Approval in 24 hours |
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Funding in as few as 5 business days |
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No hard collateral required |
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Flexible use of funds |
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Loan won't appear on personal credit report |
Merchant Cash Advance
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A Merchant Cash Advance is the purchase of future credit card receivables; it is not a loan. Sometimes called "credit card receivable funding" or "credit card factoring," eligibility for a Merchant Cash Advance is primarily based on the strength and consistency of your business? credit card sales |
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Funding availability in as few as 5 days |
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No personal guarantee required |
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Quick and painless paperwork |
Small Business Loan
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Financing is calculated from gross sales and business cash flow |
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Repayment is structured based on your historic cash flow |
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Fixed automated repayment allows for simple repayment and cash flow management |
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Not collateralized against fixed assets |
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Allows you to maximize available capital while protecting your margins and cash flow |
Owner Occupied Properties
Your business can benefit from our flexible business owner-occupied commercial mortgage loan options. With local decision makers, fast loan approvals, and the service you need.
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Available for purchases or refinances of existing mortgage loans |
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Fixed and variable-rate interest options. Loan terms and amortizations up to 25 years can be designed to meet the needs of your business |
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Maximum loan to value (LTV) up to 90% of purchase cost or appraised value, whichever is less |
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Real estate properties ideal for an owner-occupied mortgage loan: offices, warehouses, retail buildings, medical/dental buildings, law offices, and more |
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Available to borrowers where 50% or more of the square footage is occupied by the borrower |
Investor Owned Properties
SkyBank Financial provides the loan financing options you need to purchase virtually any type of investment commercial property.
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Fixed and variable-rate interest options |
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Loan terms and amortizations can be designed to meet your business needs |
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Available for purchases or refinances of existing mortgage loans |
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Real estate properties ideal for an investor owned mortgage loan: office buildings, apartment buildings, shopping centers, mixed-use buildings, and more |
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Maximum loan to value (LTV) up to 80% of purchase cost or appraised value, whichever is less |
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Hotel loans (LTV) up to 70% of purchase cost or appraised value, whichever is less |
Accounts Receivable Financing
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Typically referred to as "factoring", Accounts Receivable (A/R) Financing is neither equity nor debt, it is the sale and purchase of business-to-business invoices |
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Factoring strengthens your balance sheet while control of your business stays with you, the owner. It is a trusted and effective method of both financing short-term cash-flow and outsourcing the administration of credit, the processing of invoices, and the difficult task of collections |
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This complete package of receivables management services allows you to focus on building your client base, not worrying about paperwork and collections |
Purchase Order Financing
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Purchase Order (P.O.) Financing is the perfect solution for short-term funding requirements |
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It can be used to finance the purchase or the manufacturing of specific goods that have already been sold |
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We enable this process by issuing Letters of Credit or providing funds that allow our clients to secure the inventory they need to fill their open sales orders |
