Peer-To-Peer Funding for Small Business | SnapCap

Peer-To-Peer Lending

WHAT IS PEER-TO-PEER LENDING?

Peer-to-peer (P2P) lending is a form of financing that removes traditional institutions from the loan process and utilizes an online forum where lenders can offer capital. This type of financing, also known as “marketplace lending,” is facilitated through a single or a collective lending pool to fulfill a borrower's financial request at an agreed upon sum for a specific rate. Lenders can earn higher returns compared to savings and investment products offered by banking institutions, while borrowers acquire capital that otherwise takes more time or has been denied through traditional financing.



IS PEER-TO-PEER RIGHT FOR YOUR BUSINESS?

The system is not without its drawbacks. In order to compensate lenders for the risk that they are taking, the interest charged for peer-to-peer loans is likely to be greater than a traditional business loan. Additionally, the investor personally assumes the risk that the borrower might not reimburse their funding.



ALTERNATIVE LENDING OPPORTUNITIES.

Peer-to-peer loans offer some value as a borrower but the lack of structure can be unsettling to lenders and require more time to find the optimal financing route. SnapCap has less hurdles than traditional banking institutions while offering a quicker turnaround time than most peer-to-peer funding options. Be sure to thoroughly consider the best financial partner for your business and start constructing a solid, working relationship.



Step 1: Basics

Get Pre-Qualified
for up to $600k

Roger

“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.”

Roger, IT Consulting
Ann Arbor, MI

Qualifying for a Business Loan

step 1
1 Year Time in Business

All we require is 1 year in business. Typical owners have been in business 5 years.

step 2
$100K in Annual Revenue

Typical gross revenue exceeds $300,000, although we just require $100,000.

step 3
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.
simple online application

SIMPLIFIED PROCESS

A streamlined paperless application with quick processing allows you to focus on running your business.

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SAME DAY APPROVAL, NEXT DAY FUNDING

The best technology in alternative lending. Funds deposited in as little as 24 hours following approval.

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A RELATIONSHIP YOU CAN TRUST

SnapCap has worked with thousands of businesses since 2012. We strive to build relationships that last.

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EXPERT FUNDING ADVISORS

From initial application to future funding needs, your dedicated account manager is here to help you.

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HIGH APPROVAL RATES

Funding decisions based on actual business performance. SnapCap can find a solution for you.

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COMPETITIVE RATES

Tailored terms to meet your needs. SnapCap is only interested in positioning your business for success.

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Are you looking for a small business loan?

Apply today to see how SnapCap can help your business.