Skyecap: Making Business Loans Easy In Australia
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Skyecap is changing how small businesses in Australia get money. Started in 2018 by Andrew Spira, this company helps business owners who need quick cash. Unlike big banks that take weeks to approve loans, Skyecap can give money to businesses in just a few hours. This makes life much easier for small shop owners, restaurant managers, and other business people who need money quickly.
The company uses smart computer programs to check if a business can pay back its loan. This means business owners don't have to fill out lots of paperwork or wait for long periods. Instead, they can apply online and know very quickly if they can withdraw their loan.
Since opening its doors, Skyecap has helped more than 25,000 businesses get the money they need. Many of these businesses had tried to get loans from regular banks but were turned away. Skyecap seeks to look at businesses differently and often sees potential where others don't.
How Skyecap Makes Getting Money Simple
The biggest difference between Skyecap and regular banks is speed. When business owners need money, they usually need it quickly. Skyecap understands this and has made their entire process rapid, from start to finish. They can approve loans in minutes and send money to approved businesses within two hours–much faster than the weeks or months that regular banks often take.
Skyecap also doesn't ask business owners to promise their houses or cars as security for loans. This means business owners can borrow money without worrying about losing their personal property if something goes wrong. They can borrow anywhere from 2,000 to 250,000 Australian dollars, depending on what they need.
The company uses special computer software called SkyeAI to look at loan applications. This software checks many things about a business, not just its credit score. It looks at how well the business is doing, how much money it makes, and other important details.
Helping Australian Businesses Grow
Small businesses are very important in Australia, as they make up almost all businesses in the country and provide jobs to a large number of people. Skyecap wants to help these businesses grow and do better. It is the company's belief that, by helping small businesses get money easily, they can help make Australia's economy stronger.
Many business owners use Skyecap's money to make their businesses better. Some buy new equipment, while others hire more workers. Some use the money to advertise their business or pay off old debts. Skyecap lets business owners use the money in ways that work best for them.
When questioned on future plans, Skyecap wants to do even more to help businesses. They are starting to look at ways to help businesses that want to use clean energy. This could help businesses save money on power bills while also helping the environment. They are also thinking about new ways to help businesses with their money needs, like providing financial aid for equipment or financial advice on how to manage their bills better.
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