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SnapCap review

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Reviews 481

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Katy Ward
Katy Ward
May. 03, 20214 min read

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
SnapCapat 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 byKaty 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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Trustpilot reviews

See what some costumers are saying about SnapCap
SnapCap
ExcellentReviews 481
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Great
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Bad
2%
  • author
    JIm
    a day ago
    Zak was great to work with

    Zak was great to work with. I had an approval and funding in less than two days. Highly recommend!

    ...

  • author
    dawn levine
    Nov 27, 2021
    Very easy and painless

    Very easy and painless

    ...

  • author
    Thomas
    Nov 24, 2021
    Business Loan

    I had a great experience with these guys. Mitchell, my rep, was very knowledgeable and helpful. Fast results and process!

    ...

  • author
    Steven
    Nov 23, 2021
    Very pleasant experience

    Very pleasant experience. Quick funding

    ...

  • author
    DC
    Nov 22, 2021
    Zak was great at helping us find a…

    Zak was great at helping us find a lender to get our second business established! The whole process was so easy and no hassle or headaches! I’m beyond happy with the service we received and recommend to anyone needing a business loan.

    ...

  • author
    JOSE
    Nov 20, 2021
    They work really hard to get us…

    They work really hard to get us approved over an issue and got it resolved.

    ...

  • author
    Carlos
    Nov 19, 2021
    We had an awesome experience.

    We had an awesome experience.

    ...

  • author
    Jeff Hewett
    Nov 19, 2021
    Easy to work with and quick turnaround…

    Easy to work with and quick turnaround time.

    ...

  • author
    Jess
    Nov 17, 2021
    Very Satisfied

    Very Satisfied

    ...

  • author
    Aleksandr
    Nov 16, 2021
    great people to work with

    great people to work with

    ...

  • author
    Marc
    Nov 14, 2021
    Great easy application lowest rate

    Great easy application lowest rate

    ...

  • author
    Mrbravo
    Nov 09, 2021
    It was fast and easy

    It was fast and easy

    ...

  • author
    Dustin
    Nov 08, 2021
    Very helpful and fast service.

    Very helpful and fast service.

    ...

  • author
    erica
    Nov 08, 2021
    fast but a bit pricey

    fast but a bit pricey

    ...

  • author
    Tisha
    Nov 08, 2021
    Experience was good and service was…

    Experience was good and service was fast from start to finish.

    ...

  • author
    Rogers
    Nov 07, 2021
    I liked your services

    I liked your services . They are quick and precise.

    ...

  • author
    Kyle
    Nov 06, 2021
    Pearl Capital is a joke

    The underwriting process with Pearl Capital was painful. We received indication of a $ amount we were approved for but at the finish line of signing the loan documentation the loan amount was suddenly cut in more than half due to UCC filings and being in second place. This process took almost 3 weeks to get through even with immediately privinding the requested documentation they needed up front. From the beginning I indicated this potential filing issue at the very beginning but was assured this wouldn’t be a problem. We ultimately went with a different lender with a much lower amount but Pearl Capital is a joke.

    ...

  • author
    Kerry
    Nov 05, 2021
    It was great working with Tony Park

    It was great working with Tony Park. He was thorough, responsive, and helped us find the right product for us.

    ...

  • author
    Barbett
    Nov 05, 2021
    Our payback schedule was not made clear…

    Our payback schedule was not made clear at the time of signing contract and we ended up paying an amount completely unacceptable. We cannot as a non profit ever do business this way again. i am very dissatisfied and someone is getting rich off of this scheme!

    ...

  • author
    John
    Nov 05, 2021
    Don’t believe these people

    Don’t believe these people

    ...

  • author
    Jerry
    Nov 05, 2021
    great company to work with !!

    I had a great experience with everybody there, and they were just super in dealing with us and getting us all the information we needed to secure the loan as quickly as possible. Highly recommend, totally professional from start to finish

    ...

  • author
    Cem
    Nov 04, 2021
    Amazing service

    Amazing service, it was a breeze. We provided Bank statements, tax returns, a voided check copy and the funds were in our account the next morning. I usually find something to criticize but these folks were flawless.

    ...

  • author
    Melissa Dass
    Jul 30, 2021
    Shane at snapcap did amazing

    Shane at snapcap did amazing

    ...

  • author
    Bryan Sorby
    Jul 30, 2021
    The process was very easy

    The process was very easy You gave us a few options for us to decide which one works better

    ...

  • author
    Christopher Ritchie
    Jul 30, 2021
    Great experience

    Great experience. From start to finish it was a pleasure.

    ...

  • author
    Micheal Watkins
    Jul 28, 2021
    Everything was good.

    Everything was good.

    ...

  • author
    Hayley
    Jul 27, 2021
    Great experience!

    Great experience!

    ...

  • author
    JSS
    Jul 26, 2021
    Very helpful

    Very helpful! Easy to get the funding we needed quickly!

    ...

  • author
    Teresa Pastor
    Jul 22, 2021
    My rep did an amazing job at assisting…

    My rep did an amazing job at assisting me with weeding through all of the loan options. I was able to get a business loan faster than I would have imagined. I am grateful that this service has been added. Lending Tree used to be so overwhelming.

    ...

  • author
    Ben
    Jul 20, 2021
    Quick funding, high interest

    Quick funding and easy process. Interest rate is insane though.

    ...

  • author
    timothy parks
    Jul 20, 2021
    VERY EASY TO DEAL WITH

    VERY EASY TO DEAL WITH

    ...

  • author
    Shane
    Jul 18, 2021
    Awesome team

    Awesome team

    ...

  • author
    Luis Alberto Nunez Nieto
    Jul 17, 2021
    Excellent Service

    Excellent Service. We submitted documents that were required, within hours we received our approval & Loan. Thanks

    ...

  • author
    Claudius Onimole
    Jul 13, 2021
    In situations where your business needs…

    In situations where your business needs a quick infusion of cash for expansion SnapCap and Forward Financing makes this process easy and efficient. Definitely our go to source for quick capital.

    ...

  • author
    Claudia Lara
    Jul 12, 2021
    Tony Park was great got me my loan in…

    Tony Park was great got me my loan in 2days. Great customer service. I would definitely refer Snapcap Lending Tree.

    ...

  • author
    customer
    Jul 11, 2021
    Upfront and honest service!

    They were completely upfront and honest about the whole deal. Can’t complain!

    ...

  • author
    Scott A Mong
    Jul 11, 2021
    Too many people calling and emailing…

    Too many people calling and emailing none offing what I was looking for. No where near the amount, rate, or terms I requested.

    ...

  • author
    John Coates
    Jul 11, 2021
    Team was very helpful and quick to get…

    Team was very helpful and quick to get us what we needed as a small business. I would definitely recommend this company to everyone!!

    ...

  • author
    Curtis Wright
    Jul 07, 2021
    Great experience

    Great experience! Very professional! Brian and Sara made the entire experience easy and enjoyable.

    ...

  • author
    Robert Cohen
    Jul 05, 2021
    Easy to work with

    Easy to work with

    ...

  • author
    Brian
    Jul 01, 2021
    Lending tree has been AMAZING for my…

    Lending tree has been AMAZING for my business. Mike is always very informative, responsive and honest. Does what he says when he says it will be done. I will be a customer for LIFE!

    ...

  • author
    Dony Adair
    Jun 29, 2021
    Very much a pleasure!

    Larry Coons was great to work with. The process was so simple and convenient, I will certainly consider using SnapCap again in the future.

    ...

  • author
    james garrett
    Jun 25, 2021
    Great job so helpful

    Great job so helpful. Fast funds!

    ...

  • author
    Robert Lind
    Jun 24, 2021
    Excellent service

    Excellent service and easy to work with

    ...

  • author
    Tammie G.
    Jun 23, 2021
    The agents made the process easy and…

    The agents made the process easy and less stressful than I expected

    ...

  • author
    VT
    Jun 15, 2021
    Larry from Snapcap has been very…

    Larry from Snapcap has been very resourceful and instrumental in procuring my loan. He is always on top of things. The transaction was smooth and fast. Would highly recommend his service.

    ...

  • author
    ROGER
    Jun 15, 2021
    Very PLEASED with the process and people!

    The Process was quick and easy. Zak was a pleasure to work with, he was kind, understood what we were looking for and needed to make our request work for us. He was not pushy in anyway unlike other companies out there. Closing was a breeze and we were funded within 48 hours. I would definitely us these guys again in the future if we need the funding!

    ...

  • author
    BRIDGET
    Jun 12, 2021
    This is my first experience and I’m…

    This is my first experience and I’m very happy with the level of attention given to my immediate need. Thank you so much!!

    ...

  • author
    Richard Gutierrez
    Jun 11, 2021
    The process was easy and fast

    The process was easy and fast, Brian was always in constant contact making sure everything was running smoothly.

    ...

  • author
    David Zablocki
    Jun 10, 2021
    This was honestly one of the easiest…

    This was honestly one of the easiest banking options I've ever used in my entire life. Traditional banks are terrible in comparison! Being a young business owner, traditional banks frown upon young entrepreneurs. A major thanks to Kristen and Mitchell for the seamless transaction. Loved being able to just text with any questions!! 100% will be using again as my business expands (in thanks to securing funding to continue our growth) thank you!!!

    ...

  • author
    Mark Elzholz
    Jun 03, 2021
    Marcus Rojas was very helpful

    Marcus Rojas was very helpful. He walked me through the process and made it super easy. Highly Recommend

    ...

  • author
    Richard M
    Jun 01, 2021
    the process was very straightforward…

    the process was very straightforward and painless. I appreciate the professional manner and assistance I received to obtain a much needed business loan for buying manufacturing components

    ...

  • author
    Edward Brown
    May 31, 2021
    Excellent follow-up and timely funding…

    Excellent follow-up and timely funding as discussed

    ...

  • author
    PJ Griggs
    May 28, 2021
    Very user friendly

    Very user friendly

    ...

  • author
    Jeff Hewett
    May 27, 2021
    Easy and fast

    Easy to work with and fast funding.

    ...

  • author
    Customer
    May 27, 2021
    Jon was great to work with and the…Quick and easy

    Jon was great to work with and the entire process was quick and painless. Thank you!

    ...

  • author
    Bernard Murray Jr.
    May 23, 2021
    This went quickly and painlessly

    This went quickly and painlessly. Very nice!

    ...

  • author
    Roselinda DeLaRosa
    May 21, 2021
    Very friendly and quick

    Very friendly and quick

    ...

  • author
    Michael
    May 20, 2021
    My experience with Lending Tree was…

    My experience with Lending Tree was very professional. The process is very quick and simply.

    ...

  • author
    Shelly Evans
    May 19, 2021
    Always very helpful and informative.

    Always very helpful and informative.

    ...

  • author
    Innocent from cypress
    May 18, 2021
    I found our business needing help

    I found our business needing help, even though we received loan earlier other issues arose that made it difficult to operate properly, we reached out to sba and our company bank JPM Chase, the bank staff said there is someone upstream to help, we never got that call back until after a week from local branch not the actual commercial loan staff, another one was looking for collateral and high credit score both of which i don't have, Lending tree gave me a good deal within 24 hrs , payroll and account receivable could be a nightmare for small businessman or woman. Vendor are delaying payment and payroll is due what do u do? call lending tree..

    ...

  • author
    Bradford Brokaw
    May 16, 2021
    Excellent service and quick loan…

    Excellent service and quick loan funding ! Trent was fantastic and would highly recommend

    ...

  • author
    john peters
    May 13, 2021
    responsive & seamless process.

    responsive & seamless process.

    ...

  • author
    Nicole Anzalone
    May 13, 2021
    They understood exactly what I needed…

    They understood exactly what I needed for my situation. The application process was quick, easy and efficient and got the cash for the loan quickly.

    ...

  • author
    Giovanni Duque
    May 13, 2021
    excellent service

    excellent service

    ...

  • author
    Trace Hellums
    May 12, 2021
    Fast and Hassle Free

    Fast and Hassle Free

    ...

  • author
    Dana Johnson
    May 12, 2021
    Excellent response times

    Excellent response times! Was able to assist my company with amazing communication!

    ...

  • author
    Melissa Rogers
    May 05, 2021
    Extremely helpful and professional

    Extremely helpful and professional! Would recommend them to anyone.

    ...

  • author
    Aurora Rodriguez
    Apr 30, 2021
    Great it was very simple and they…

    Great it was very simple and they helped me get funded fast. The process was easy

    ...

  • author
    Brian Booth Enterprises LLC
    Apr 29, 2021
    SnapCap was very helpful and the…

    SnapCap was very helpful and the communications was outstanding. I would highly recommend this company. Brian

    ...

  • author
    Ashot Tovmasyan
    Apr 29, 2021
    Mitchell is great

    Mitchell is great! Fast, precise and effective! Got my loan in no time, Thank!

    ...

  • author
    Tomas Bartolome
    Apr 24, 2021
    SNAPCAP LOAN

    SNAPCAP LOAN. WE. ELP. ME. ON. MOMENT. TO WE NEED. FONDS. ON MY. BUSINESS I GIVE. 5 START OF. SERVICES. AND. TO. HELP. ME.

    ...

  • author
    Clayton Johnson
    Apr 23, 2021
    Great Customer Service and very prompt…

    Great Customer Service and very prompt underwriting! I look forward to a continued partnership with this group!

    ...

  • author
    Laurie Pearl
    Apr 23, 2021
    Easy process

    Patrick Ozog was so great to work with. Very personable and knowledgeable. The process was so easy. Thank you SnapCap for helping my business continue to succeed.

    ...

  • author
    Aaron Edgington
    Apr 22, 2021
    Kevin made this process so painless

    Kevin made this process so painless, AND got me more funding that I had initially requested. I cannot say enough great things about my experience. What a complete departure from my experience up to contacting Lending Tree/SnapCap.

    ...

  • author
    Jr Gonzalez
    Apr 18, 2021
    Help me when I was in a bind.

    They were great from start to finish.

    ...

  • author
    Peter Pham
    Apr 17, 2021
    Very good

    Very good service. I’m very happy. Thank you so much

    ...

  • author
    Maretha B
    Apr 15, 2021
    Satisfied Customer

    I worked with a young man name Kevin he was friendly and very professional. Kevin helped me through the entire process.

    ...

  • author
    R. Wilkerson
    Apr 14, 2021
    Excellent Experience...would absolutely work with the SnapCap team again

    The SnapCap team did an excellent job of communicating status, advocating on my behalf and explaining the options as I went through this process. Tony was my primary contact and Walker stepped in and provided the same level of service. The process was seamless and quick, and I was extremely happy with the results.

    ...

  • author
    Wayne Torkelson
    Apr 13, 2021
    Very quick

    Very quick, informative and thorough. Great customer service.

    ...

  • author
    Maurice
    Apr 06, 2021
    Great to do business with a company…

    Great to do business with a company that understands business needs. The process was fast & efficient.

    ...

  • author
    Derrick Milligan
    Apr 05, 2021
    The process was extremely easy and the…

    The process was extremely easy and the agent that helped me understand every step of the way.

    ...

  • author
    Walter Ramsey
    Mar 31, 2021
    Great service

    Great service, great turnaround on the loan, very helpful, highly recommend ,helped our company tremendously

    ...

  • author
    Susan McClure
    Mar 31, 2021
    Excellent service

    Excellent service!

    ...

  • author
    JOHN ERVIN
    Mar 31, 2021
    Great people

    Great people! Fast deposit

    ...

  • author
    Customer
    Mar 29, 2021
    These guys are USELESS!

    These guys are USELESS!

    ...

  • author
    Jessica Zirkle
    Mar 16, 2021
    FAST

    FAST! efficient and to the point. will absolutely use again.

    ...

  • author
    Amy Rowe
    Mar 15, 2021
    Great customer service!

    Great customer service!

    ...

  • author
    Victor Stiehl
    Mar 11, 2021
    Pruitt Williams did a fantastic job for…

    Pruitt Williams did a fantastic job for me! Never pushy, no high pressure. Very patient and understanding. I highly recommend SnapCap!

    ...

  • author
    Ricky Reynolds
    Mar 11, 2021
    One Word

    One Word: Simple

    ...

  • author
    Sam Wright
    Mar 10, 2021
    Process was easy and prompt

    Process was easy and prompt Tony Park was my account executive and he was very helpful

    ...

  • author
    Shelena Longoria
    Mar 07, 2021
    Approval was fast and easy!

    Approval was fast and easy!

    ...

  • author
    Jeremy Davis
    Mar 06, 2021
    This was a great service and quick turn…

    This was a great service and quick turn around on funding for my business. I will continue to use this service for years to come!

    ...

  • author
    Tadd Jones
    Mar 04, 2021
    My experience was great and things…

    My experience was great and things when on in a timely fashion with no extra non-sense or double talk.

    ...

  • author
    Kayla M.
    Mar 03, 2021
    Great customer service

    Great customer service. Loan was executed in a timely manner. Interest rate is a bit high.

    ...

  • author
    Gurinder Dhaliwal
    Feb 28, 2021
    Very fast process

    Very fast process

    ...

  • author
    Sharon Konieczko
    Feb 26, 2021
    Upfront about everything

    Upfront about everything. Easy, no hoops, no bs. Bryan was amazing

    ...

  • author
    Ryan Manuel
    Feb 25, 2021
    Very helpful!

    I had a very amazing experience with SnapCap!

    ...

  • author
    Maria Ortega NP MSN CEO
    Feb 24, 2021
    My experience with them was…

    My experience with them was extraordinary. Smart questions , he was polite and ready to work on my best time. Great professionals in their field. They answered all my questions and offered me a good deal and the best option for my small business. It was a personal approach from them which I love it . I am very grateful Maria C Ortega Np MSN CEO MCO Medical Center

    ...

  • author
    Alexa V
    Feb 12, 2021
    Bobby is great to work with!

    Bobby went over and beyond for me to get my loan. He did great! Communication was exceptional! I would work with him again!

    ...

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