Edmond, OK Disclosures: How Skywater Business Funding Works, in Full

Skywater Business Funding is a broker, not a lender. It does not lend money, buy receivables or make credit decisions. It takes a business owner's request by phone or through the request form, matches the cost to a funding type and passes the request to third-party funding partners.

Each funding partner reviews a request under its own criteria, which may include bank statements, revenue, time in business and credit. The partner decides whether to make an offer, and the amount, rate, fees, term and payment schedule of any offer are set by that partner and stated in its own documents. Skywater Business Funding cannot approve a request or change an offer, and no request is assured of one.

A merchant cash advance provider buys a share of a business's future card or deposit receipts for a set amount. The provider collects that amount as a percentage of sales, called the holdback, until the full amount is reached, so how long collection runs depends on sales. It is not a loan, the provider is not a lender, and its cost is stated as a factor rather than an annual interest rate.

Worked examples on this site use invented amounts, rates and terms to show arithmetic; they are labeled as invented and are not offers or quotes. The repayments calculator returns estimates from the figures a visitor enters. Census figures (County Business Patterns, ZIP Code Business Patterns, Nonemployer Statistics and the American Community Survey) carry their program and year and describe Oklahoma County, OK, ZIP Code 73003 or Edmond, OK, as each one is labeled.

Skywater Business Funding does not arrange funding for trucking companies, agricultural operations, businesses that have not opened yet, real estate purchases or building construction loans. Nothing on this site is legal, tax or accounting advice; an owner's own advisers decide how a contract, filing or deduction applies to the business.