ALTERNATIVE BUSINESS LENDING
WHAT ARE ALTERNATIVE BUSINESS LENDERS?
Alternative business loans are non-bank funding options for business owners in need of capital. By utilizing proprietary technology, alternative lenders quickly assess the health of a business and provide flexible funding choices. The community banks that once served this vital have been consolidated by big banks that do not focus on the nuts and bolts of lending to small businesses the way SnapCap does.
Top alternative business financing options:
IS ALTERNATIVE BUSINESS FINANCING RIGHT FOR YOUR BUSINESS?
Filling the gap in small business financing options is the top priority of alternative lenders such as SnapCap. Alternative lenders have the highest loan application approval rates and provide a personalized, relationship-based experience. To account for the higher lending risk, interest rates are typically higher than offered by a bank.
SECURING ALTERNATIVE LENDING FINANCING FOR YOUR BUSINESS.
SnapCap streamlines the lending process for a variety of financing forms tailored to each business need. By applying with our short online application, a dedicated loan officer will work with you to find the best funding solution for your business. Your small business is our business!
Step 1: Basics
Get Pre-Qualified
for up to $600k
“I started my electrical business in 2012 and quickly grew my customer base mostly from word-of-mouth. Once the project load outgrew my capabilities, I knew I needed to hire a few more employees. Once I was approved for a short-term loan with SnapCap, I could finally build my team and fulfill more work obligations.”
Qualifying for a 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.
SIMPLIFIED PROCESS
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.
COMPETITIVE RATES
Tailored terms to meet your needs. SnapCap is only interested in positioning your business for success.
