Secured Business Loans for Small Businesses Funding

SECURED SMALL BUSINESS LOANS

WHAT IS A SECURED BUSINESS LOAN?

A secured business loan is a traditional form of business financing that utilizes personal and business assets as collateral for funding. By leveraging assets of value, the borrower is promising the lender repayment of the loan plus interest. In the case of default, the lender will take possession of the pledged assets as a means to recoup funds.



IS A SECURED BUSINESS LOAN RIGHT FOR YOUR BUSINESS?

The value of collateral you have available to secure the loan is an important factor in determining if this type of financing is the best fit for your business. Although the interest rates for a secured loan will be lower, the lender will need an assortment of forms and paperwork before processing any form of funding. Acceptable forms of collateral include release estate, inventory, equipment, or standing accounts.



ALTERNATIVE LENDING OPTIONS TO A SECURED BUSINESS LOAN.

Understanding the risk associated with a secured loan and potential loss of assets can be a difficult decision to make. An unsecured loan offered by SnapCap is an alternative to a secured loan that offers less hassle to receive financing. Apply with SnapCap to grow your business today.



Step 1: Basics

Get Pre-Qualified
for up to $600k

George

“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.”

Charles, Electrical Engineering
Carthage, TX

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.