Business Loans | Short Term Online Financing | SnapCap

Unsecured Business Loans

A business may require a loan for a number of reasons. Whether you’re looking to expand your business or purchase additional inventory and equipment, quick access to a business loan can help stimulate business growth and keep a company thriving.

Unsecured Business Loans

Working Capital Loans

Working capital is critical to the growth and success of any business. Managing finances is a constant battle in the business world. As a business grows, it is necessary that the cash flow expands with it in order to succeed.

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Inventory Loans

If you manage products and maintain a large inventory, having cash at hand is a must. Meeting the demand of your customers is vital to your profitability and business reputation.

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Expansion Loans

Financial growth and internal business expansion go hand and hand. The big question facing any business is how to grow in a way that is both manageable and cost effective.

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Equipment Loans

Equipment and machinery are important assets to any business. Many products can’t be produced without the proper working tools. An equipment loan can be used to purchase new or used equipment.

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What is an Unsecured Loan?

An unsecured loan, sometimes referred to as a signature loan or a merchant loan, is a special type of financing available to business that is different from traditional lending. Instead of requiring collateral to obtain financing, unsecured lending uses several other factors to judge the eligibility of a loan applicant. These could include things such as your credit score and sales records from the business. This type of financing may be advisable for small business owners who do not want to risk their personal collateral in order to obtain the financing they need. Since the loan requirements differ from traditional bank loans, the interest rates and speed of approval can be much different. Oftentimes these merchant loans are reviewed and approved in a very short time frame, making them ideal for anyone who is in need of immediate capital.

Secured Vs. Unsecured Loans

The main difference between an unsecured and a secured loan is the collateral required. There are pros and cons to all lending options that business owners should consider in order to come to an informed financial decision for their business.

Why SnapCap?

SnapCap prides itself on our ability to listen and understand your unique business needs. SnapCap is an open and honest source for businesses to apply and receive the most competitive short-term loan options available online today.

SnapCap was created to challenge the way credit and loan decisions are being made today. Lending to new and established businesses have been challenged in recent years by a growing number of technology driven companies. These technologies have become more broadly available to a new breed of private lenders, making fast and accurate credit decisions possible in hours instead of weeks. The small business credit market in the U.S. is estimated at over 100 billion annually, necessitating the need for competition, rate transparency, honesty, and integrity.