WHAT IS A SBA LOAN?
SBA loans are a popular form financing supported the Small Business Administration, a federal agency focused on supporting United States small businesses. SBA loans are typically issued by an SBA-approved lending institutions and are characterized by longer-terms and lower interest rates.
IS A SBA LOAN RIGHT FOR YOUR SMALL BUSINESS?
SBA loans are desirable forms of funding to small business owners given this financing option provides certain benefits. The process can take quite some time though - expect the process to take 60 to 90 days. Requirements include 680+ FICO score, collateral, and a down-payment. If you are in need of faster and simpler financing, there are a variety of solutions with less hurdles through SnapCap.
SECURING SMALL BUSINESS FINANCING FASTER.
Our dedicated loan officers work daily with small business owners to find the best solution tailored to their needs. SnapCap makes it easy to secure financing. Apply today to see what options are available to you business to position it for success.
Step 1: Basics
for up to $600k
“SnapCap provided me with access to funding in order to procure materials for an upcoming project. The simple process allowed me to focus on running my business.”
Qualifying for a Small Business Loan
1 Year Time in Business
All we require is 1 year in business. Typical owners have been in business 5 years.
$100K in Annual Revenue
Typical gross revenue exceeds $300,000, although we just require $100,000.
500 Personal Credit Score
Most applicants have credit score over 650. The minimum required is 500.
Meeting minimum requirements does not guarantee funding, but we'll work hard to get you the funding that you need.
A streamlined paperless application with quick processing allows you to focus on running your business.
SAME DAY APPROVAL, NEXT DAY FUNDING
The best technology in alternative lending. Funds deposited in as little as 24 hours following approval.
A RELATIONSHIP YOU CAN TRUST
SnapCap has worked with thousands of businesses since 2012. We strive to build relationships that last.
EXPERT FUNDING ADVISORS
From initial application to future funding needs, your dedicated account manager is here to help you.
HIGH APPROVAL RATES
Funding decisions based on actual business performance. SnapCap can find a solution for you.
Tailored terms to meet your needs. SnapCap is only interested in positioning your business for success.