What makes our financing better?
With over 20 years of expertise providing capital to businesses, we offer
unparalleled access to a diverse range of financial products.
unparalleled access to a diverse range of financial products.
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Clear Skies Capital®
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Traditional(LOC)
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Traditional(Loan)
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SBA 7(a) Loan
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Processing Time
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24-72 Hours
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45+ Days
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45+ Days
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45+ Days
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Requirements
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Business Type
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All Types
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Businesses with operating history (typically more than a year) and revenue
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Businesses with operating history (typically more than a year) and revenue
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Small Business as defined by the SBA
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Location
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Operating Business in the United States
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Varies
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Varies
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US Only
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Business Plan
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No
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Yes
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Yes
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Yes
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Profitable
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Varies
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Varies
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Varies
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Yes
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Cash Flow
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< 3-6 days of negative balances
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Varies
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Varies
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Varies
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Outstanding Debt/Credit
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Credit-worthiness of business assures repayment of loan (FICO + Various measurements)
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Credit-worthiness of business assures repayment of loan
+ Excellent personal credit |
Credit-worthiness of business assures repayment of loan
+ Excellent personal credit |
Credit-worthiness of business assures repayment of loan
+ No delinquent debt to U.S. government +660+ FICO |
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Collateral
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No
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Yes
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Yes
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Yes
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Money Down
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No
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Yes
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Yes
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Yes
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Terms
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Loan Amount
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Up to $10million
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Typically, 60% to 80% of collateral’s assessed value
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Typically, 60% to 80% of collateral’s assessed value
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Up to $5 million
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Interest
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Fixed interest rate with flexible payment terms
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Fixed and variable rate loans, based on qualifications and prime rate
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Fixed and variable rate loans, based on qualifications and prime rate
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Fixed and variable rate loans, subject to SBA maximums pegged to the prime rate
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Repayment Terms
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Fixed or variable monthly payments, which can be based on monthly revenue or cash flow
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Monthly payments of principal and interest from the cash flow of the business
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Monthly payments of principal and interest from the cash flow of the business
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Monthly payments of principal and interest from the cash flow of the business
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Maturity Terms
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Up to 48 months
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Varies, short- and long-term loans
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Varies, short- and long-term loans
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Up to 10 years for working capital
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Out of pocket fees
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No
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Yes
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Yes
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Yes
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Prepayment Penalty
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No
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Varies
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Varies
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Yes
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Use of funds restrictions
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No
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Yes
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Yes
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Yes
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Covenants
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No
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No
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No
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Yes
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