Skybank Business Loans, a small-business funding service in Wausau, Wisconsin, explains its role here: it matches funding requests with partners and does not fund them itself. Each partner reviews a request on its own terms and makes its own decision. The page also covers merchant cash advances, what details are passed on, and what to check before signing an offer.
Skybank Business Loans is a funding broker
Skybank Business Loans is a broker, not a lender. It does not fund loans, advances or leases with its own money and does not make credit decisions. It takes a business's funding request by phone or web form, talks through which funding shapes fit, and passes the request to funding partners that consider that kind of request.
Credit decisions belong to the funding partner
Only the funding partner decides whether to make an offer, and it sets the amount, cost and terms. A partner may decline or offer something different from what was asked for. Skybank cannot change a partner's decision and does not promise that any request will receive an offer.
A merchant cash advance is not a loan
In a merchant cash advance, a provider buys a share of receipts the business will collect later. Amounts are remitted, not repaid, and the cost is set by a factor rate rather than an interest rate. Compare the total to be remitted with the total repaid on any loan offer for the same need.
Information passed to funding partners
To match a request, Skybank shares the details you provide (name, phone, email, company name, time in business, annual revenue range, requested amount range, and what you say about the purpose) with the funding partners that may review it. The privacy policy, linked in the footer, has the detail.
Before you accept an offer
- The amount you receive after any fees come out
- Every dollar you will repay or remit, totaled
- How often payments are taken, and on which days
- Each clause on collateral, liens or a personal guarantee
- Fees for paying early, paying late or renewing
- The funding partner's legal name and contact details
Questions about these disclosures
Call (715) 408-8962.
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