Sail is an online lender that focuses on providing Australian businesses with the opportunities and funding they need to start, establish and grow their business. Sail was founded in Sydney in 2016 and uses quick services, easy processes and technology-based systems to get your SME the funding you need.
Sail offers unsecured and line of credit loans, that are personalised to your business. We’ve organised some of the details about the fees, features and eligibilities, so you can get familiar with the specifics of a Sail business loan.
2.5% of loan amount
Principal & Interest
Blanket, faceless loans, that either give a thumbs up or thumbs down on your application often mean you’re not getting the best deal on your business loan. So Sail makes sure to analyse your business’ cash flow, finances and credit score, as well as your own, to determine what is the best rate for you business.
Sail business loans don’t have any continual or closing fees. However they do come with a two simple fees, an establishment fee, paid at the end of the loan period, as well as a late payment fee.
- A picture of your driver’s licence
- 6 months of profit and loss statements
- 3 months bank statements
Sail comes with a few minimum requirements before your business can apply for a business loan, including:
- Your business must have been operating for 6 months
- You must have at least $5,000 monthly turnover
- You must be a registered Australian business
Key features of Sail business loans