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 making sure operations don’t come to a screeching halt in the lull between more traditional funding. It’s literally the money that bridges the gap. Lenders take on more risk with bridge loans due to their speed, so they typically end up being more expensive than other types of loans.
Securing a bridge loan for a small business
SnapCap is experienced in finding lending solutions for businesses when time is of the essence. You’ll work with a dedicated loan officer that will quickly offer funding options specific to your business. Need to bridge a gap? See what short-term financing is available to you.
Qualifying for a business loan
Meeting minimum requirements does not guarantee funding, but we’ll work hard to get you the funding you need.
One year in business
Typically owners have been in business five years, though all we require is one.
An annual revenue of $100k
Typical gross revenue exceeds $300,000, although we just require $100,000.
A personal credit score of 500
Most applicants have credit score over 650. The minimum required is 500.
Imagine the possibilities with SnapCap
Streamlined and paperless, our quick online processing saves time so you can stay focused on your business.
Same-Day Approval, Next-Day Funding
The best financial 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 build relationships that last.
Expert Funding Advisors
From initial form to future funding needs, your dedicated loan officer is here to help you and your business.
A Better Way To Borrow
Funding decisions are based on actual business performance. We focus on the borrower, not the bank.
Tailored terms to meet your needs. SnapCap is only interested in positioning your business for success.
Get pre-qualified for up to $1M
Searching for financing is free and won’t affect your credit score