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SnapCap review
Reviews 649
SnapCap
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SnapCap
SnapCap
Excellent
Reviews 649
Katy Ward
Nov. 16, 2021
2 min read
Katy Ward
SnapCap summary
Founded in 2012, SnapCap, powered by LendingTree, aims to be at the forefront of the alternative lending revolution by focusing on the overall health of a business rather than its owner’s individual credit score. Once you have entered your details into its website, its proprietary technology will present you with a range of offers from its partners. Business owners can borrow up to $1,000,000 and receive funds in as little as 24 hours.
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

SnapCap at a glance

4.4
Editorial score

Online experience

Good online resources, but no mobile app
4.0

Customer services and support

Multiple ways of reaching lender, wide range of hours
4.0

Variety of loan types

Offers most loan types
4.0

Loan amount range

Loan amount $500K+
5.0

Eligibility

Loans available to most credit types, revenue levels, and businesses
5.0

SnapCap SnapCap Visit SnapCap

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

SnapCap SnapCap Visit SnapCap

Katy Ward
Written by
Katy Ward
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.‎
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See what some costumers are saying about SnapCap
SnapCap
Excellent
Reviews 649
on
Excellent
93%
Great
3%
Average
1%
Poor
1%
Bad
2%
J
jpj
2 hours ago
This was an easy transaction
This was an easy transaction . Zak my Rep connected with me immediately after I sent my application. 48 hours later I was approved and Loan amount funded in 24 hours !
J
joe
6 days ago
Excellent professional experience
Excellent professional experience. A thorough understanding of the need for a quick decision and frictionless end to end experience. We spoke with two agents, each of whom demonstrated the skillful ability to coordinate funding within a matter of mere hours.
C
charlynne
7 days ago
Easy to work with
Easy to work with
D
david
7 days ago
Great Service.
Great Service.
M
majid syed
10 days ago
Clear and transparent communications…
Clear and transparent communications from the get go
S
saskia
15 days ago
Prompt funding and great service!
The representative (Shane) was very professional and helped along the whole process. I had the funds in my bank the next day.
W
wendy
22 days ago
Very easy and great to work with
Very easy and great to work with. Great Customer service.
D
damon
23 days ago
The overall process
The overall process
A
asha
a month ago
Quick responses polite people helped…
Quick responses polite people helped tremendously
M
michelle
a month ago
Easy and Fast
It was just a very easy, stress free and quick process.
J
jenni
a month ago
Quick and Helpful
They were quick and helpful and the process was easy
J
jeff
a month ago
Great follow thru - delivered as promised
Excellent customer service and delivered as promised.
B
bryant wellington
a month ago
I worked with Jon Falkenburg on my loan…
I worked with Jon Falkenburg on my loan and he was very professional and truthful with me. It took about 3 days after sending them my info to be approved, go through underwriting, and have the money in my account. They were very fast and there where no hidden fees which I like. Everything was straightforward and easy to understand. I would definitely recommend them if you're in a bond and need cash fast. Their payment's are reasonable when you compare them to other companies like them.
J
josh
a month ago
The guys were very helpful and polite …
The guys were very helpful and polite they were very prompt on getting the funds, so far plan on doing business with them again in the future
D
deena
2 months ago
Mitchel was right there to go with me…
Mitchel was right there to go through it with me the whole way. It was a great experience; very positive and fun and informative.
K
karen aland
2 months ago
Service, value, timeline.
Fast, efficient, kind, service. All questions answered. Easier than I thought possible. Thank you.
M
michael
2 months ago
You send me 10 Million emails it’s…
You send me 10 Million emails it’s ridiculous. I don’t give a two F**ks about all your offers. If I need something I contact my broker. You make it impossible to unsubscribe
L
london
2 months ago
The whole process was very easy and…
The whole process was very easy and prompt! Patrick O. was very helpful even after the contract was signed with one of their partners. Theres really nothing negative to say about my experience. highly recommended.
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david
2 months ago
Awesome service
Awesome service
S
steven
2 months ago
Great communication and easy process
Great communication and easy process
K
kyle
2 months ago
Easy to facilitate.
Easy to facilitate.
M
myra dawn
2 months ago
Loan Terms were misrepresented
The person who sold me the loan significantly misrepresented the terms. I intend to pay the loan off early and asked about the amortization. He told me I would pay 1/12th of 16% on the loan balance each month. That it was "almost" a straight line amortization. When I got the loan and finally saw the amortization, the loan is heavily loaded up front with interest. I feel completely conned.
S
sphc
2 months ago
Was less confusing and more easy to…
Was less confusing and more easy to follow through.
D
david
2 months ago
Great customer service and ready to…
Great customer service and ready to answer questions anytime
S
steve
2 months ago
They were extremly helpfull and easy to…
They were extremly helpfull and easy to work with and trusting.
M
maria
3 months ago
Easy approval process and seamless…
Easy approval process and seamless transaction. Their service was exceptional.
S
shannon
3 months ago
Good friendly service
Good friendly service
D
david
3 months ago
Easy to deal with and prompt…
Easy to deal with and prompt communication. Quick funding and no pressure presentation.
L
lori
3 months ago
The guys I worked with were amazing and…
The guys I worked with were amazing and very clear in explaining every detail and that’s super important when your getting any type of loan. Thank you for the amazing experience and for the help with my business expansion.
C
cassey
3 months ago
These guys are great!
These guys are great!! I wasn't sure what the process was going to be like, however, it was smooth, painless and quick as far as us obtaining funds in our account! We thank them and look forward to using them in the years to come!
R
ronald
3 months ago
Great customer service
Great customer service, very simple process and trustworthy
L
lawrence yarmaloff
3 months ago
Professional and efficient service
Professional and efficient service
D
dustin
3 months ago
Fast!
The quickest service on the market from what we personally experienced.. Easy fast funding.
D
derrick
3 months ago
Fast and efficient
The whole process was fast and efficient.
P
priscilla
3 months ago
As a first timer to do business loan
As a first timer to do business loan, we were so impressed of the outcome of our loan. We were approved less than 24 hours. We will recommend Lending Tree and Forward financing to our friends
R
robert kandetzke
3 months ago
How quick and easy the process was.
How quick and easy the process was.
J
justin
3 months ago
They were very communicative and easy…
They were very communicative and easy to work with. Process was very smooth.
H
hugo
4 months ago
Very simple and fast!
Very simple and fast!
U
usman nazir
4 months ago
Everything went smooth…
Everything went smooth from searching for a lender, submitting documents, and obtaining the funds.
K
karmonte
4 months ago
Excellent
Quick and easy. All done with a team effort
C
cedric
4 months ago
My rep was excellent with customer…
My rep was excellent with customer service, knowledge and keeping me updated every step of the way.
R
rachel
4 months ago
Very easy and quick trun around!
Very easy and quick trun around!
K
kent
4 months ago
Fast,easy and very helpful.
Fast,easy and very helpful.
T
tanya
4 months ago
They did a business loan for our local…
They did a business loan for our local business here in Washington state and they were very efficient and quick and funding came within a couple hours I would definitely recommend them if you need funding for your business
M
michael barkley
4 months ago
Good job Lilliana Cole
Good job Lilliana Cole, Thank you. --mike
J
jonathan
4 months ago
Great communication throughout the…
Great communication throughout the process and made the transaction easy.
E
earl
4 months ago
Wonderful experience and hassle free
Wonderful experience and hassle free. The team understood how busy small business owners can be and scheduled meetings at the convenience of the business owner! Excellent customer service and very easy lending platform. Would do it again!
S
samantha
5 months ago
Very helpful and personable!
Mitchell was so helpful and personable! He wasn’t pushy or anything either! He helped us find great options for our business and helped us to understand what the best option would be for what we needed! Definitely recommend!
B
brian
5 months ago
Smooth
I can't say enough how easy the process was. I was funded in less than 24hrs. The terms are reasonable and in line with the current market. The interest rates are a little high but not to many places will fund you within 24hrs and being able to pay it back early with no fees makes up for it.
M
mark
5 months ago
Got us the money we needed fast and…
Got us the money we needed fast and very helpful staff not a lot hassle Thank you
N
nancy pridgen
5 months ago
Brian was great with this process
Brian was great with this process. Thanks!!
c
camly
5 months ago
i love that very kind and faster
i love that very kind and faster. i will send for your more customer
L
larry
6 months ago
Excellent
Met my need immediately
A
albert
6 months ago
Zak and his partners got us the funding…
Zak and his partners got us the funding we needed to iron out some cash flow issues. They were direct and fought for the full amount we needed. Funding was overnight once we finalized our call with the underwriter.
M
michael
6 months ago
Positive and Professional - Fast Funding
This is an authentic review of my positive experience with SnapCap. I’ve had my business for 6 years and had never considered this type of financing previously. However, some of my major clients have been slow paying, my receivables have gotten delayed and I found myself in need of a cash infusion. Like many business owners, I have been inundated by calls and emails and texts about providers of alternative financing, which is non-secured and a fast turnaround, but also more expensive than more traditional lending. I talked to a couple of these loan brokers and saw a couple of offers. However, the payment terms and costs were quite significant. There was some pressure to sign fast, and I was feeling a lot of anxiety about things. I decided to look at some other options. I recognized the “Lending Tree” name from their mortgage brokerage business and I sent an inquiry. I received a quick reply from Kyle with SnapCap. I saw that SnapCap is a business that Lending Tree acquired a few years ago. Kyle was unlike the “typical loan broker” that I had spoken with, I just felt that I was dealing with someone with more of a professional attitude, no pressure. I submitted all of my info and in a day, he called me back with an offer that was significantly better than the other offers I had seen, in terms of the amount of cash, the length of repayment and the amounts of repayment. Yes, this type of financing is expensive, but the offer that SnapCap generated was a lot better than others. The process from their getting me the offer, to getting cash in my account was professional and fast, I had the cash within hours. The anxiety that had been hounding me was lifted quickly. Their repayment terms are manageable. I know that the repayment is more expensive than more traditional financing, but I didn’t feel as if I was being “fleeced” which other loan brokers made me feel. I felt like this was a good option for a tough situation, and that the company will be a good partner moving forward.
M
michelle
6 months ago
Clare was wonderful to work with
Clare was wonderful to work with. She was professional and easy to communicate with. The process was easy and fast. Will absolutely work with her again in the future for any financial needs.
E
edd
6 months ago
Great Help!
The whole team was clear and transparent the entire time, and I am extremely satisfied with the help I received! Great job!
M
misha c.
6 months ago
Excellent services
The team I had was very proficient and professional! Helped me through every step of my application and underwriting process. They were very patient!
d
daren
6 months ago
Great experience.
Great experience.
J
james
6 months ago
Easiest process ever
Easiest process ever. Approval process was quick and easy, the people were friendly and helpful, and the money was in my account in record time.
R
roosevelt
6 months ago
The process was very easy and smooth
The process was very easy and smooth. Provided all documentation that was asked for and was connected to a lender that matched our needs.
J
john bunting
6 months ago
Great service and options.
Great service and options.
N
nicholas
6 months ago
Really fast and professional
My small business needed a little funding to help ease the slow season for us until August and they were prompt and professional. Will for sure use them again.
Q
qianyan zhu
7 months ago
Loan process.
The lender was very quick in process our loan, which was very helpful to us.
L
lak
7 months ago
Love get quick result
Love get quick result
C
cheri
7 months ago
Service was fast and polite
Service was fast and polite. That’s really all I needed.
M
marcus
7 months ago
Lending Tree is our new business partner
Lending Tree made our loan process to easy and stress free!! They were very responsive with our options and rates making it so easy to understand. Their team went above and beyond for us and made me very comfortable without any pressure to commit on any offers. I highly recommend Lending Tree for all your business loan options.. Thank you Lending Tree Marcus
E
edgar thomas smith
7 months ago
Another Seemless Transaction
Another Seemless Transaction
A
antonio
7 months ago
Mitchell was great
Mitchell was great! He made the process very simple and it was quick.
k
kenneth
7 months ago
Well I'm glad you were on time with…
Well I'm glad you were on time with helping us with the 0ur payroll I am very grateful
n
noelle
7 months ago
Process was quick and easy
Process was quick and easy
R
ruksana
7 months ago
The entire process was very simple and…
The entire process was very simple and quick. Everything worked out just as the sales rep. stated.
M
melanda
8 months ago
They was great from the start to the…
They was great from the start to the finish. Timing was great as well
K
kalpana
8 months ago
You guys are little costly but very…
You guys are little costly but very fast and professional
G
graham
8 months ago
Well done!
Well done! I was very pleased with their work! I would highly recommend them!
C
customer
8 months ago
Great company to work with
Great company to work with. The process was quick and easy.
B
bc
8 months ago
Excellent company
Excellent company. Upfront and completely transparent about their fees and the whole business loan process. I used them before and will do so again Very Happy!!
D
david f
8 months ago
Awesome company and representatives.
Awesome company and representatives.
F
frank
8 months ago
Fast
Fast, friendly all upfront and funded
R
randy
8 months ago
you guys are awesome
you guys are awesome ! pleasure doing business with you
Z
zeke creasy
8 months ago
Amazing and ProfeZZional!
Amazing and ProfeZZional!
S
stacie
8 months ago
A great easy experience
A great easy experience
J
joseph
8 months ago
Service was excellent
Service was excellent, funding was quick. Rates a bit high tho.
S
scott
8 months ago
Awesome services
Awesome services, will be doing a lot of business with them in the future for sure!
J
jason
8 months ago
Tony P was great
Tony P was great, fast and efficient. He clearly explained everything.
M
manuel
8 months ago
Snapcap did a great job
Snapcap did a great job, I’m thankful that they Worked on my loan they made everything easy and they are the best… thank you so much.
K
kristen
8 months ago
Patrick was amazing and stayed on top…
Patrick was amazing and stayed on top of the process while answering every question I had no matter what time I asked. I had a wonderful experience with this process and I highly recommend this company for small businesses in need.
M
michael
8 months ago
Many options.
Christian Massamillo was a big help. Filled out application on Saturday, given choices by Tuesday. Had money in account Wednesday.
M
michael
8 months ago
Quick and easy had funds the Same day!
Quick and easy had funds the Same day!
R
ronald
8 months ago
Very good great customer service
Very good great customer service, very helpful at explaining in detail the contract and all questions pertaining. highly recommended
O
ortho doctor
9 months ago
Seamless and smooth process
Seamless and smooth process. Funds were delivered quick.
r
rosalina
9 months ago
Happy with the service
Happy with the service
S
sebastian
9 months ago
Customer Service and timing is…
Customer Service and timing is excellent!
J
jason m
9 months ago
Quick and Tailored Process
Quick and easy to get funded. They worked with us when certain required docs or info were unavailable at the time of underwriting.
L
laurie verardi
9 months ago
great service
great service , pleasant and quick!
D
dien
9 months ago
Zak is awesome super fast easy business…
Zak is awesome super fast easy business loan.
c
customer
9 months ago
Marcus was great from the start to the…
Marcus was great from the start to the end.
L
linda
9 months ago
Quick cash. We needed some extra operating cash for…
we needed some extra operating cash for a short period of time. The process was quick and professional. We were happy with the results
R
richard
9 months ago
Easy process
Easy process. Friendly and efficient staff.
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kelton henderson
9 months ago
Quick and fast process
Quick and fast process. Lines of communication was very open from text to email. Clare really made the process very easy.