Typically, financial growth and internal business expansion go hand in hand. But it’s not always easy to manage them both at the same time. You need to expand to bring in more money, but need more money to expand. An expansion loan can help you over that paradoxical hurdle.
Capital for a Growing Business
The alternative lending services SnapCap specializes in are perfect for growing businesses. Alternative lending usually involves unsecured loans, which can be easier and faster to obtain. If your company is on a trajectory for rapid growth, but needs a bit of a boost to help you get there, you’ve come to the right place.
Small Business Capital
For a small business, expansion can mean anything from more space in an office, to new equipment, to hiring an additional person. Those seemingly small expansions could lead to massive growth, but timing them can be hard, especially for a small business that runs lean. An expansion loan can give you the capital you need to make a growth-friendly decision when the time is right.
Alternative lending is the ideal way to finance start-up expansion. Traditional lending often requires collateral and business history start-ups just don’t have. SnapCap typically requires just a year in business to qualify for many funding options. Getting past the start-up phase often requires some kind of additional capital. SnapCap is where you can find it.
Working Capital Loans
A working capital loan is used to finance a company's daily operations.