SnapCap is a South Carolina-based lender that caters to a variety of business funding needs. It is actually owned by LendingTree and acts as a direct lender. SnapCap has been catering to the needs of business owners since 2012, helping to secure almost $1 billion worth of loans since then. It has a good reputation as a lender, as well as offering flexible repayment plans and quick funding times.
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SnapCap has a 4.8 out of 5 Trustpilot score. 90% of reviewers ranked their experience with the company as “excellent.”
Reviewers who gave lower scores noted that the fees were high compared to other companies. As mentioned previously, the SnapCap website does not disclose their origination fees and interest rates until after a business receives approval for funding.
The company also has an A+ rating from the Better Business Bureau.
SnapCap provides some usual tools to prospective borrowers on its website, including various calculators. It also has a presence on numerous social media networks, and the support team can be contacted through various means.
Its phone lines are open five days a week during decent hours, with live chat and email support also being viable options. The responses tend to be quick and efficient, helping you resolve any issues you might have with minimal fuss.
SnapCap is a respected provider of business loans that has been in the space for more than a decade. It is known for providing quick funding and taking businesses through each step of the application process in a manner that makes total sense. The main issue is that there is not really transparency when it comes to the interest rates and fees that SnapCap charges.
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