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SnapCap review

Reviews 741
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Reviews 741
Katy Ward
Feb. 29, 2024
3 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.


  • Borrow up to $1,000,000
  • Paperless application
  • Funds deposited in as little as 24 hours


  • 24/7 customer support not available
  • Potentially high volume of calls/emails from lenders

SnapCap at a glance

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+


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

SnapCap SnapCap Visit SnapCap


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


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 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 enjoys identifying complex financial trends that make for interesting article topics.
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Trustpilot reviews
See what some customers are saying about SnapCap
Excellent • Reviews 741
We upload 100 to 400 Trustpilot reviews to our website daily, displaying them by default from "best" to "worst". You have the option to adjust the sorting criteria. If you wish to see all reviews, you can visit Trustpilot's website here.
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Juliane Mazzarella
1 week ago
Easy process
2 weeks ago
Performance and speed of loan
Performance and speed of loan, experienced help was a plus.
Manuel A. Garcia
3 weeks ago
I highly will recommend….
My experience with Martha and Zach to get a loan was very smooth. Helped and explained the whole process. Very patient with my questions. I’m looking forward to more relationship in the future.
Wheel Repair Dallas
4 weeks ago
Byron at SnapCap / Lending Tree made…
Byron at SnapCap / Lending Tree made all the difference in securing me a solid approval on a good loan. It wasn’t looking great when I first started the process. There were quite a few denials. But Byron did not stop. Finally we got a loan offer. Used it to pay off some less desirable debt. 100% recommended.
1 month ago
Walker answered all our questions and…
Walker answered all our questions and communicated clearly what to expect. We were funded within days of our first conversation! Thank you and excellent job.