
SnapCap summary
Pros
- Borrow up to $1,000,000
- Paperless application
- Funds deposited in as little as 24 hours
Cons
- 24/7 customer support not available
- Potentially high volume of calls/emails from lenders
Editorial score
Online experience
Good online resources, but no mobile app
Customer services and support
Multiple ways of reaching lender, wide range of hours
Variety of loan types
Offers most loan types
Loan amount range
Loan amount $500K+
Eligibility
Loans available to most credit types, revenue levels, and businesses
Overview
Since its launch in 2012 and acquisition by LendingTree in 2017, SnapCap has helped businesses secure almost a billion dollars in funding. The company aims to simplify the borrowing process for businesses and claims “its technology cuts through the minutiae of big bank lending.” It also strives to deliver faster turnaround times than traditional banks and doesn’t include any minimum capital requirements.
To qualify for a loan, you’ll need to meet the following requirements:
- Have a monthly gross revenue of $8,000 or more
- Be based in the US
Why SnapCap Is Good For Your Business
Powered by LendingTree, SnapCap can provide you with access to a wide range of potential lenders through a single paperless application process. As with any aggregator, this can drastically reduce the amount of time you spend searching for a lender.
While many traditional lenders require borrowers to have been in business for at least 3 years, SnapCap sets this length of time at 1 year, which means the company could be a good match for business owners new to the market.
Loan Features
You can apply for the following loan types:
- Business loans
- Working capital
- Small business loans
- Expansion loans
- Inventory loans
- Equipment loans
As SnapCap works with a panel of lenders, the features of the loan you receive will depend on the provider you choose.
Depending on your chosen product, you may pay an origination fee, which will be itemized in your loan documents.
Application Process
If you would like to apply for a loan, you can do so online by providing information such as:
- Your business type
- The amount you need to borrow
- The purpose of your loan
- Your business start date
- Your annual revenue
- Your credit score
- Your zip code and contact details
You’ll then see a range of quotes from various lenders that meet your borrowing requirements. If you would like to proceed with any of these, you can do so by applying online through the partner’s website or calling the company you’ve selected.
At this stage, you may also receive calls and emails from these potential lenders. If you’d like to opt out of receiving these, you’ll need to call SnapCap directly to receive your quotes.
If you find a suitable lender, you’ll normally need to provide 3 months of business bank statements during the application process.
Under normal circumstances, you should receive the money within 48 hours, although this could be as little as 24 hours, depending on the lender you choose.
How Much Can You Borrow?
Although the amount you can borrow will depend on your business’s circumstances, SnapCap and its partners typically offer loans of between $5,000 and $1,000,000.
Repayment Terms
While exact repayment terms will depend on the partner you choose, these are typically between 3 and 18 months. The interest rate you pay is also set by your lender and will likely be determined by factors such as:
- Your recent business performance
- Your industry
- Your loan amount and term
How Safe Is It?
Although security features will vary with every partner, SnapCap has an extensive privacy policy on its website, which details how it shares your data with its partners and affiliates.
Help & Support
You can contact SnapCap by phone or email between 9am and 7pm (EST), Mondays to Friday. You’ll receive contact details for any potential borrowers and partners during the application process.
SnapCap also has a fairly detailed selection of FAQs, which answered most of our questions.
If you’d like to check how much you can borrow, you can enter details of your annual revenue and last month’s deposits into an online calculator to see an estimate of your borrowing potential.
(T) 888-313-4352
(E) info@snapcap.com
Summary
If you’re seeking a source of funding that takes a holistic view of your business and doesn’t rely on old-fashioned borrowing criteria, SnapCap and its partners have a great deal to offer. When we entered our details into its website, we did receive a high volume of calls and emails from potential lenders, which could prove off-putting for certain customers. That said, we were impressed by SnapCap’s flexibility in reducing minimum time-in-business requirements and the possibility of receiving funds in as little as 24 hours.
Physical Address
701 E Bay St, Suite 414, Charleston, SC 29403, US

Oxford graduate Katy Ward is a seasoned journalist and editor covering personal finance and software topics for Eleven Writing and Top10. Over a 15-year career, Katy has worked with several finance titans, including Barclays, Tandem Bank, and Yahoo! Finance. She writes for BestMoney and enjoys helping readers make sense of the options on the market.