Sky Bridge Funding Review

ByTop10 StaffNov. 04, 2019

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In a Nutshell

Sky Bridge Funding is a business financing service with its eye on the customer. Providing personalized service and financial solutions, Sky Bridge Funding caters to small and medium-sized businesses across over 1,000 industries. To date, it has given over $632 million in financing to more than 16,000 SMBs, and Sky Bridge Funding shows no signs of slowing down. Get funding in 24 hours with a fast online application and pre-approval process.

pros

  • Same day approval for most businesses
  • Receive funds in 24 hours
  • 16,000+ small businesses funded

cons

  • APRs not published online
  • No live chat support option

Sky Bridge Funding at a Glance

Loan typesMerchant cash advance, automated funding solution
Loan amount$5,000-$500,000
Repayment termsN/A
APRN/A
Best forFast funding for small to medium-sized businesses

Overview

Looking for fast funding for your small to medium-sized business? Sky Bridge Funding could be an excellent solution for you. With more than seven years in the game, servicing 1000+ industries, and having loaned $632 million to date, Sky Bridge Funding provides financial solutions to SMBs that need a little extra cash.

Aside from being delightfully flexible, Sky Bridge Funding is fast. The application process is online, you can get instant approval, and receive the funds in as little as 24 hours. Sky Bridge Funding offers funding for equipment replacement and repair, a new round of employee hiring, paying suppliers, growth opportunities, tax payments, and more.

Why Sky Bridge Funding Is Good For Your Business

Sky Bridge Funding is good for two types of businesses in particular:

  1. Small businesses

    Dealing with major financial transactions can be overwhelming for small business owners. Sky Bridge Funding caters its offerings specifically to these SMBs. The service is user-friendly and intuitive, so even a non-tech savvy business owner can use it with ease. What’s more, Sky Bridge Funding has competent and knowledgeable industry experts standing by to answer all types of questions that come up. It’s a personal detail that helps smaller businesses succeed where others have failed.

  2. Businesses that need fast cash

    When a payment is due, when an opportunity arises, or when payday comes around, there’s no such thing as not having the funds. This is why fast funding is golden in the business world. Sky Bridge Funding offers a 24-hour turnaround time for funding, something that’s almost unheard of in the business financing sector.

Loan Features

Sky Bridge Funding offers merchant cash advances to businesses that require funding for various purposes. An MCA is different than a loan in that it takes less time, is generally shorter in length, does not depend on credit history or score, does not require any collateral to be put down, and is a feasible option for business that haven’t been in business for a long time.

You can then use the money for all sorts of business purposes, including purchasing inventory, marketing, hiring new staff members, working capital in general, expanding your office space, or anything else you want. The beauty of a merchant cash advance from Sky Bridge Funding is that you are totally unrestricted in your spending.

  • Flexible eligibility requirements
  • 24-hour funding
  • Fast online application
  • Use the funds for any business needs
  • Works with 1,000+ industries
  • Personal assistance

Application Process

Sky Bridge Funding makes funding easier for everyone with an online application process. Fill out the online form, just a few basic questions, to get things started. Here’s how it works:

  • Fill out the pre-qualification form.
  • A funding advisor will contact you to get more details about your situation.
  • Together, you’ll figure out a customized solution for your business requirements.
  • Fill out a detailed application and send in the necessary documentation (Sky Bridge Funding offers a convenient checklist).
  • Underwriting takes just one business day.
  • You’ll be given several loan options that you qualify for.
  • Choose a solution and get your funding.

Sky Bridge Funding also has an automated funding solution that is entirely online and can be done in minutes. If you have all of your documentation ready, you can have your funding in as little as 24 hours.

It is also pretty easy to qualify for a merchant cash advance with Sky Bridge Funding because it has very few requirements. Many lenders will not lend money to applicants that have poor credit, previous loans, or recent bankruptcy. Sky Bridge Funding doesn't have any of these requirements. You'll need a few basic qualifications, including:

  • Proof of business ownership
  • Six months of business operations
  • Bank records indicating deposits of $10,000 or more per month

How Much Can You Borrow?

Sky Bridge Funding has different lending programs for various business needs. You can get a merchant cash advance for as little as $5,000 or as much as $500,000. Advances of $10,000 or less are usually managed via the automated funding solution.

Repayment Terms

Sky Bridge Funding does not specify repayment terms, including APRs and length of contracts. This is because each merchant cash advance is given on an individual business-to-business basis, so your MCA terms will not be the same as some other business’ MCA.

This is a little annoying since it won't allow you to compare rates with other competitors. On the other hand, Sky Bridge Funding gives you a level of personal service you won't find with most other lenders. If you're looking for a financial solution that takes your business into consideration, Sky Bridge Funding is a real option.

Privacy & Security

Sky Bridge Funding is accredited by the Better Business Bureau and has high customer satisfaction rates from TRUSTe. Those are two credibility signs that mean a lot in this industry.

Additionally, Sky Bridge Funding has several digital and physical safeguards in place to keep your information and your privacy safe at all times. Things like account number protection (only referencing the last four digits of your account number), secure, off-site hosting of sensitive information (social security numbers, bank accounts, etc.), and Secure Socket Layer certificate technology encryption to transfer and store all information provided by you to the website.

Help & Support

Sky Bridge Funding puts a real emphasis on customer service. The goal is to make each customer feel like they are the only one. The customer support staff is available to answer any questions, and your loan advisor takes you through the borrowing process from the first to last step.

You can reach Sky Bridge Funding customer support via telephone or email. And they’re also available via social media channels like Twitter, Facebook, LinkedIn, and YouTube. The YouTube channel has helpful tips in video form for creating more profitable businesses.

Summary

Sky Bridge Funding is the kind of lender that any small or medium-sized business will appreciate. The customer service is friendly and actually wants to help. Sky Bridge Funding lending advisors are also professional and have years of industry expertise to assist you with all of your questions.

But what's really amazing about Sky Bridge Funding is the turnaround time. The fast online application cuts down on this normally-lengthy process. Pre-approval in minutes means you'll know right away whether or not you'll be approved of a merchant cash advance. And to top it all off, Sky Bridge Funding provides funding for your business in 24 hours. That's lightning-fast.

Sky Bridge Funding offers funding for businesses across 1000+ industries, including the food and beverage industry, personal and family services, wholesale, auto services, manufacturing, and more.

Physical Address

525 Washington Blvd, 22nd Floor

Jersey City, NJ 07310