Give your business the resources it needs to grow and thrive. With a loan or merchant cash advance from Sky Capital Funding, your business is ready to take the next step. Sky offers various types of funding to meet your business’s specific needs.
At Sky, we understand you as a business owner and understand what your business needs to be successful. Founded by entrepreneurs and financial experts alike, it took only a short time for Sky Capital Funding to become one of the most competitive cash advance companies in the industry. Our in-house approval and funding system allows us to charge low brokerage fees and allows us http://paydayloanstennessee.com/cities/maynardville to offer a best rate guarantee to our clients. Call us today and experience the Sky difference for yourself.
Merchant Cash Advance
A merchant cash advance is similar to an advance paycheck for your business. With a business merchant cash advance loan , your business receives a certain amount of money, anywhere from a few thousand dollars to $100k. Instead of paying the sum back with typical loan payments, merchant cash advances by giving a percentage off your future credit and debit card sales until the money is paid off, usually in about 18 months.
There is an alternative to paying back the sum that doesn’t involve giving up a percentage of your sales: using Automated Clearing House withdrawals, which can be taken off daily or weekly until the amount is repaid. This option is especially good for business whose sales do not primarily come from credit or debit cards, and has made the MCA increasingly popular in recent years.
As opposed to traditional types of business loans , which can longer to approve and process, a merchant cash advance can get you cash in hand in as quick as one or two days. Credit score requirements are also much more flexible, and required paperwork is usually less. There is no collateral required to enroll for a merchant cash advance. Additionally, a merchant cash advance is a little more flexible than the traditional small business loan when it comes to requirements about spending. There are no business expenses that are off-limits when it comes to how you use your merchant cash advance.
Small Business Loans
Interested in a traditional loan over a merchant cash advance? We’ve got you covered. We give great rates for unsecured and secured loans alike.
Also known as “personal loans” or “signature loans,” unsecured business financing loans are issued and supported not by any collateral, but by the borrower’s creditworthiness alone. If you have excellent credit, an unsecured loan might be best for your business.
Unlike in secured loans, where banks demand collateral (such as a house or automobile) for the loan, when you take an unsecured loan with Sky Capital, there is no need to pledge any of your assets against the loan.
An unsecured loan can also be given in the form of a revolving loan that can be paid back and taken out again, such as in a line of credit. This form of loan provides great flexibility for your business to take care of spontaneous financial needs.
Don’t have a good credit score, but still think an unsecured loan is the best route for your business to take? Don’t worry, we’ll work for you. If you can find a qualified cosigner who can guarantee the loan, you’ll still be able to get the loan your business needs.
Want the lowest possible interest rate? Or maybe you need a way to work out a loan even though your credit record isn’t the best? If either of these factors appeal to you, a secured bad credit loan might be your preferred method of funding. Because the funds provided secured loans are backed by collateral, we can ensure that you’ll get our lowest possible rate on this low-risk loan.
Really want an unsecured loan, but your credit score doesn’t qualify you for one? Worry not. Successfully managing a secured loan can also be used as a tool to raise your credit score to qualify you for a future unsecured loan.
Contact Sky Small Business Loans Today
No matter if you want a merchant cash advance, unsecured loan, secured loan, or something else for your business, Sky Capital Funding is here for you and your business to ensure that your business gets just what it needs. Don’t hesitate to contact Sky for a free, no-obligation quote today!