Our Services
We provide customized accounts receivable funding with a flexible, client-focused approach that lets your business focus on making more sales.
What We Do
As unpaid invoices pile up, it can be difficult — and in some cases, impossible — to keep your business afloat. If you need to pay employees, add equipment, or acquire materials and inventory, you may not have the funds to operate at full capacity.
Through the process of factoring, Sky Business Credit helps businesses unlock the cash tied up in your invoices. Once you complete a sale, send a copy of your customer’s invoice to us and we’ll pay out up to 90% of the value of the invoice. When your customer pays, you get the remaining balance minus a small fee.
Traditional loans may be unattainable or limiting depending on the path of your business. Accounts receivable financing is flexible and virtually limitless —your access to capital is directly related to your sales.
You sell your product or service to customers.
You send invoices to your customers and copies to Sky.
We verify the invoices with your customers (when applicable).
Within 24 hours, Sky advances you 80-90% of the invoice amount.
Your customers send payments directly to Sky when due.
As we collect, we return the remaining 10-20% to you, minus our small fee.
You sell us more invoices, and continue the cash flow cycle.
Who We Help
Whether you’re starting a business, acquiring an existing company, or restructuring the way you work, Sky Business Credit can provide the financial boost you need to find success.
No matter what opportunity arises, you want your company to be prepared. With our flexible funding options, we can help you navigate a rough path or fund your growth toward becoming the successful business you’re meant to be.
For any company that’s waiting on customers to pay invoices, needs to front costs for supplies or overhead, or faces long payment terms, financing your receivables with factoring can keep you afloat in the short term and help you thrive down the road.
Some of our most common clients include those in industries with inherent cash gaps, such as:
- Healthcare staffing agencies
- Temporary staffing companies
- Manufacturing companies
- Construction companies
- Renewables energy companies
- Wholesalers
- Trucking companies
- Service providers
- Janitorial and cleaning companies
- Security companies
That’s just the beginning, though.
Sky Business Credit can boost the cash flow of almost any business that sells a product or service to another business or government entity.
Let's get started
How We Work
Some business owners are worried that their personal credit scores will render them unable to receive financing from banks or other large lenders.
At Sky Business Credit, we don’t need to look at your personal credit. Instead, we review the credit-worthiness of your customers.
The first step to is to fill out a free, no-risk application. From there, we’ll issue you a proposal of terms, which will include pricing and other terms of your credit facility. Once that’s signed, we’ll request a few additional documents from you so that we can do our due diligence on your customers and finalize your funding.
Sky Business Credit can move as quickly as you need. From application review to the finalization of legal documents, we can complete the process in as little as 24 hours.
With clear searches and verified invoices, we are ready to fund. It’s that easy.
Step 1
First, you fill out a free, no-risk application.
Step 2
From there, we’ll issue you a proposal of terms, which will include pricing and other terms of your account.
Step 3
Once that’s signed, we’ll request a few additional documents from you so that we can do our due diligence on your customers and finalize your funding.
Where You’ll Benefit
Sky Business Credit provides more than just cash flow. We get to know you and your business and create customized solutions to help optimize your time and maximize your profits.
After our initial consultation, we’ll determine the gaps in your business that are weighing you down and keeping your company from achieving its fullest potential. Often, we help with back office concerns by running accounting reports and making follow-up calls to investigate past-due invoices from your customers.
Most small- and medium-sized businesses have a bulk of big-time responsibilities and want to spend time focusing on sales. By allowing us to take some administrative burdens off your hands, you’ll be in a better position to focus on building your business and making profits.