Unsecured Business Lines of Credit

What is it? 
Skylight Commercial Lending can help you obtain a line of credit without collateral. Products available range from credit cards to individual lines of credit.

Who is it for?
Any business that uses a line of credit to manage cash flow.

What loan amounts are available?
Up to $100,000 for start-up companies with no established revenue and a business owner or partner with a good credit file; up to $500,000 for established businesses with revenues between $1 million and $10 million.

How is the amount I’m qualified for determined?
You’ll need to submit financials and credit history of the business, if available, or the credit history of a business partner or owner.

What are the rates on these products?
Skylight Commercial Lending offers 0% introductory rates on all business credit cards and 1% to 5% over prime for larger lines of credit.

How can this product benefit my company?

  1. It provides you improved cash-flow management during seasonal times or business fluctuations.
  2. You can make purchases that are too large for a credit card and too small for a loan.
  3. You have access to emergency funds.
  4. It gives you the ability to repay and borrow again as needed.

How do I get started?
The pre-qualification process involves a quick application (approximately 10 minutes) and a credit check (costs less than $45).