Sail Review for Potential Borrowers
Sail Review for Potential Borrowers
This review of Valiant Finance will allow you to better understand who Valiant Finance are as a company and how they differ from traditional Australian online lenders. We will provide a full breakdown of Valiant Finance’s offering so we can better understand their role in the online Australian lending market. We also look at the company history and financial backing of Valiant to learn more about their strategy. Finally, we will of course delve into the existing Valiant Finance reviews that exist online so we can understand what the people who have used Valiant Finance before have to say about their experiences.
Sail Review – Basic Figures for 2022
Website
Logo
ABN
45 099 575 363
Credit License:
099 575 363
Loan Amount
$5,000 – $315,000
Loan Term
3 months – 12 months
Unsecured Loans?
Available
Lender Requirements
- Trading for at least 6 months
- Turnover greater than $5,000 per month
- Not be or have any current directors in a debtor agreement
Required:
ABN/ACN for your business, a valid driver’s license, your business’ bank information (for gathering financials and making payments), a cloud accounting software (for gathering financials).
Response Time
24h
Easy to Apply
Yes
The Nitty-gritty
Online Reviews
Sail started operating in 2016, and as a result their reviews online are limited. However, the reviews that do exist are outstanding and overwhelmingly positive. Borrowers praise Sail for being honest, transparent, and for providing excellent service.
Awards and Recognition
Member of FinTech Australia.
Minimal Interest Rates
Operates with a variable interest rate that’s calculated in a “factor rate” form that’s a decimal – not an interest percentage.
Comparison
Company Story & Credibility?
Sail is a business loan lender that focuses on small to medium size business financing solutions. They offer primarily unsecured business loans, pride themselves on their simplified process, and boast no hidden fees. Sail is a comparably new lender to join the industry, having been founded in late 2016. However, they’re already receiving press accolades from the likes of Smart Company, who featured their $8 million company launch in November, 2016 and many other company reviews.
Sail’s founder, Yanir Yakutiel, spent 15 years in the finance industry before choosing to launch Sail at the end of 2016. Sail have created a unique algorithm that will “change the way” business lending for small businesses is done. Sail also offers additional products in the fintech arena and prides themselves in being a small business built to serve other small businesses.
Sail believe that business owners should have access to financing opportunities without being weighed down by the methods of traditional banking. They genuinely want to make a difference in the small business lending space, and have designed everything from their simple application to their 24 hours approval response time to reflect those core values. In addition to unsecured business loans, Sail specializes in indigenous and aboriginal business loans, short term business loans, startup business loans, and they have a very convenient business loan repayment calculator available to site-visitors.
As of 2018 Sail’s original founder Yanir Yakutiel left Sail Business Loans to form rival competitor Lumi. Lumi has achieved some serious backing in its own right but it appears that whilst Yanir Yakutiel has left, Sail’s main investors still remain directors of Sail (more on this below).
Valiant Client Reviews
In Numbers:
– TrustPilot Australia: 90 Reviews, 92% Excellent, 4% Great, 3% Bad 4.9 / 5 Trust Score (Excellent)
– Sail Business Loans’ Facebook: 31 Reviews, 31 Positive, 5 / 5 Total Score
The Feedback:
Virtually all of Sail’s feedback vouches for an excellent service. Some of the reviews highlight:
The three negative reviews all come from the same customer who has not been shown to be a verified client. The feedback criticises Sail for not being business owner friendly as they are not prepared to operate outside of their guidelines to accommodate businesses and it has been difficult to get through to their accounts department.
We think it’s important that before entering into your loan agreement you are well aware your business can operate within Sail’s policies and then you should be absolutely fine. Similarly we do not think the accounts department is the usual customer facing team so providing you don’t have any unique requests the customer service team has been regularly praised for their professionalism and guidance.
Analysis of Client Reviews
Sail has only been in business since 2016, therefore there aren’t as many online reviews when compared to say Prospa (with a staggering 4,134 TrustPilot reviews). But since our last update of our Sail business review there has been an almost quadruple in the number of reviews Sail Business Loans has. . It’s fair to say that although there are only a modest amount of reviews, the reviews that exist online are very positive. In fact – they’re some of the most positive reviews of any lending company that we’ve looked at. Borrowers call Sail “honest” and “fair”. They are widely pleased with the efficiency of the application process, as well as the customized service that they receive from the company. Regularly praising its smart loan approval software, and how Sail were able to offer finance when banks weren’t prepared to.
As there is only one customer who has provided negative feedback, we think this speaks volumes as there are usually a wide range of both positive and negative reviews on any given lending company.
Sail.com.au
One of Sail’s strongest unique selling points is the website. With lighter, friendlier, design, any business owner is able to understand exactly what is the nature of service and how it works. That kind of ultra-professional design which is normally reserved to the biggest companies in the bunch really does establish trust in the eyes of prospective clients.
The sign up process is on par with the quality of the site. Easy, simple and friendly! It’s one of the simplest applications we’ve come across and won’t take more than a minute to submit your application and within hours you are likely to get a confirmation or rejection. Money could be in the bank the very next day!
Sail Loan Compatibility
- Startup: No, but one of the best for early stage businesses. Sail requires that you’ve been operating for at least 6 months.
- Bad credit: Yes, Sail looks at your personal financials but often still approves with bad credit.
- Sole trader: Yes, Sail works with sole traders.
- Established business: Yes, Sail works with established businesses.
- Turnover: Sail requires a turnover of $5,000/year.
Sail Review Summary
Name: Sail
Summary
Although operating only since 2016, Sail has already got itself a name in the small business loans in Australia market. Simply put, it has one of the lowest minimum requirements in the industry which makes it very apt for bad credit business loans, and glowing Sail reviews online. Sail understand that many profitable small businesses experience seasonal fluctuations and shortfalls in cash and resources. Sail offers fast and affordable working capital on demand to help steer your business through these dips, or help you gear up for peak periods.
Overall
-
Credibility - 80%
80%
-
Website - 82%
82%
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Service - 94%
94%
-
Client Reviews - 99%
99%
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Sign Up Process - 93%
93%
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Variety of Lenders - 98%
98%