Follow us:
  1. Home
  2. Finance
  3. Business Loans

SnapCap

SnapCap

This company is not yet accredited. See reviews below to learn more or submit your own review.

SnapCap by LendingTree is a business financing company that offers corporate business loans. Since its founding, SnapCap has helped businesses secure more than $975 million in total funding through its wide array of products, including small business, working capital, inventory, expansion and equipment loans.

BOTTOM LINE

SnapCap by LendingTree offers flexible terms and funding periods for small business loans. The site doesn’t provide upfront information about its fees and rates, but you can get a no-obligation quote for personalized insights.

PROS

  • Short waiting period
  • Flexible terms
  • Simplified process

CONS

  • Little info on upfront costs
  • Not a direct lender

Are you a sole proprietor?

See quotes from top insurers on Simply Business

Get my quote

Get trending consumer news and recalls

    By entering your email, you agree to sign up for consumer news, tips and giveaways from ConsumerAffairs. Unsubscribe at any time.

    Thank you, you have successfully subscribed to our newsletter! Enjoy reading our tips and recommendations.

    Are you this business?

    Are you a sole proprietor?

    See quotes from top insurers on Simply Business

    Get my quote

    How SnapCap works

    SnapCap facilitates quick loan decisions at low rates through its easy-to-use online platform. Often, the company can help you finance your business even if you’ve been denied elsewhere. Its minimum requirements include a full year in business, $100,000 in yearly revenue and a credit score of 500. It gives you the flexibility to secure personalized financing up to $1 million, and you’ll work with a dedicated loan officer to find the right type of funding for your business. 

    Some financers can take up to two months to approve a business loan, but SnapCap usually offers approvals within hours. Upon approving your loan, SnapCap can deposit funding in as little as 24 hours.

    SnapCap costs

    It’s free to use SnapCap to find financing options, and it won’t affect your credit score. Once you find a loan, your costs depend on a few factors, including business performance, industry rates, how much you finance and the length of your loan period. In addition to interest, many SnapCap products also include a 2.5% origination fee. Request a quote to see more accurate rates and fees before choosing a loan.

    SnapCap FAQ

    What credit products are available through SnapCap?
    SnapCap offers business, small business, working capital, inventory, expansion and equipment loans. It finances up to $1 million.
    What are the minimum requirements to get funding through SnapCap?
    To get funding through SnapCap, you need at least one year in business, $100,000 in yearly revenue and a credit score of at least 500 — fairly lenient requirements compared to what many competitors request.
    How are SnapCap loans repaid?
    SnapCap loan repayments are typically made through direct deposit.
    Where is SnapCap headquartered?
    SnapCap’s headquarters is located in Charleston, South Carolina.
    How does SnapCap make money?
    SnapCap makes money when users take out a loan through its site.

    Is SnapCap legit?

    SnapCap is a reputable business loan provider that’s part of the LendingTree family. Its obligation-free quotes and personal loan officers give business owners more flexibility and personalization options when financing. While SnapCap offers no upfront rates or fees, its free and no-obligation loan offers can help you make smarter borrowing decisions.

    Sort: Recent
    Filter by: Any

    Currently there are no customer reviews.

    Select stars to rate your experience
    Very dissatisfied with the experienceDissatisfied with the experienceSatisfied with the experienceHappy with the experienceWould recommend to a friend

    A link has directed you to this review. Its location on this page may change next time you visit.

    Loading more reviews...

    SnapCap Company Information

    Company Name:
    SnapCap
    Website:
    snapcap.com