Snap Capital, LLC

Snap Capital, LLC is a financial services company focused on delivering unsecured business loans designed to meet the specific needs of small businesses. They provide quick funding solutions for entrepreneurs in various sectors across the United States. Founded in 2012 and headquartered in Charleston, US, Snap Capital, LLC specializes in alternative lending solutions tailored for small businesses. The firm was initially established to assist entrepreneurs in gaining access to necessary funds.

Ba Blackstock serves as the CEO of the company. In February 2017, Snap Capital raised venture debt financing from Old Hill Partners, marking a significant development in their funding journey. The firm has completed one deal to date, with the most recent occurring on February 21, 2017. SnapCap by LendingTree offers an array of unsecured business loans tailored for small and growing enterprises.

Their primary offerings include working capital loans, small business loans, inventory loans, expansion loans, and equipment loans, enabling immediate financial support for entrepreneurs facing cash flow challenges. The application process is streamlined and paperless, allowing clients to receive funding in as little as 24 hours. The firm targets small to medium-sized businesses across various industries in the US, focusing on those with strong cash flow and repayment capabilities, positioning itself as an alternative to traditional banking services. SnapCap utilizes a transaction-based revenue model, generating income from the loans issued to clients.

They charge fees associated with loan origination and interest payments that align with the borrowers' performance. Businesses can qualify for loans up to USD 1 mn, with repayment terms ranging from three to eighteen months. The firm emphasizes flexible terms that cater to the financial health of the business rather than solely relying on credit scores. As part of LendingTree, SnapCap benefits from a broad customer base, ensuring a steady revenue stream through loan agreements that promote operational stability for its clients.

Snap Capital aims to enhance its product offerings and explore new markets. Plans are underway for the development of new loan products targeting specific industries, with potential releases anticipated in the upcoming year. The firm is also looking to expand its reach into additional regions within the United States. The funding raised in February 2017 will support these growth initiatives, enabling Snap Capital to invest in infrastructure and marketing efforts that align with its expansion strategy.