WHAT IS A BRIDGE LOAN?
A bridge loan is a type of short-term financing that bridges the gaps between long-term loans or impending reception of working capital. Bridge loans by design assist small businesses in need of immediate capital while awaiting funding. Typically this type of funding has terms as short as two weeks and and offers capital within 48 hours.
IS A BRIDGE LOAN RIGHT FOR YOUR BUSINESS?
Bridge loans are all about sustaining a business in the intermediary time between a funding of a more traditional form of financing. A bridge loan is a fast form of funding that ensures operations will not come to a halt in the lull between more traditional financing. Bridge loans are typically more expensive in order to account for the risk assumed by the lender in exchange for the speed of funding.
SECURING A BRIDGE LOAN FOR A SMALL BUSINESS.
SnapCap partners daily with small businesses to offer a variety of lending solutions to safeguard operations when time is of the essence. By applying through our online application today, you will work directly with a dedicated loan officer that will quickly offer funding options specific to your business. Try it today to see what short-term financing is available to you to bridge the gap.
Step 1: Basics
for up to $600k
“I run an IT company that has grown faster than I could have imagined. I needed to move operations to a new, larger building that could house all our equipment and make room for new employees. SnapCap’s fast and simple loan application was exactly what I needed to take my company to the next level.”
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.
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.