Sail Business Loans

Sail logo

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 business loans - what you need to know

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.

FAQs about Sail

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How are interest rates determined?

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.

What fees are there?

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.

How does the Sail approval process work?

Sail has a quick and easy online application process. You’ll need to answer a couple questions about your business, then provide:

- A picture of your driver’s licence

- 6 months of profit and loss statements

- 3 months bank statements

What do I need to be eligible?

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

Unsecured loans

Not every business has the assets to receive a secured loan and can find themselves in quite the pickle. That’s why Sail business loans allows you to get an unsecured loan, so you can get the financing you need regardless of the tangible assets you own.

Borrow $5,000 - $100,000

Your business might need a small amount to get that new, vital coffee machine or a larger chunk to help with the day-to-day financing of your business. Either way the $5,000 - $100,000 loan amounts, lets your business get the amount it needs.

Flexible 3 - 12 months terms

Every business needs a different loan and in turn different repayment terms. Sail lets you choose your repayment terms between 3 and 12 months, so you can pay your loan off quickly, or have that little bit extra time to make your repayments.

Quick approval and funding

When applying for a loan you want to find out the results as soon as possible. Sail aims to contact you within hours of your application. This is also followed up with next day funding in many cases, letting you implement your business goals straight away.

No early repayment penalty

If you decide to pay of the loan faster than the agreed repayment period not only is there no break fee, but you’ll save on interest.

Line of credit loan

Sail offers line of credit loans, which can be great if you’re looking for a flexible loan option. If you aren’t sure exactly how much you need, or need small amounts continually over time rather than a large single amount, line of credit loans can provide the revolving finance to let your business thrive