An unsecured business loan is a collateral-free form of financing. Rather than leveraging business funding on personal or business assets, an unsecured business loan places emphasis on the overall health of a business. Many business owners turn to unsecured business loans in order to avoid the traditional bank lending process.
Is an unsecured business loan right for your business?
Unsecured business loans are advantageous for small business owners who are looking for a simple, fast, and hassle-free lending process. Annual percentage rates are typically higher with shorter repayment periods than bank loans. This type of financing may be preferred by business owners who do not want to risk their personal collateral in order to obtain the financing they desire.
Alternative lending and unsecured business loans
Want to avoid the ridged restrictions of typical business lending? Alternative lenders are the way to go. SnapCap specializes in finding flexible funding, including unsecured loans, for businesses of all sizes.
Qualifying for a business loan
Meeting minimum requirements does not guarantee funding, but we’ll work hard to get you the funding you need.
One year in business
Typically owners have been in business five years, though all we require is one.
An annual revenue of $100k
Typical gross revenue exceeds $300,000, although we just require $100,000.
A personal credit score of 500
Most applicants have credit score over 650. The minimum required is 500.
Imagine the possibilities with SnapCap
Streamlined and paperless, our quick online processing saves time so you can stay focused on your business.
Same-Day Approval, Next-Day Funding
The best financial technology in alternative lending. Funds deposited in as little as 24 hours following approval.
A Relationship You Can Trust
SnapCap has worked with thousands of businesses since 2012. We build relationships that last.
Expert Funding Advisors
From initial form to future funding needs, your dedicated loan officer is here to help you and your business.
A Better Way To Borrow
Funding decisions are based on actual business performance. We focus on the borrower, not the bank.
Tailored terms to meet your needs. SnapCap is only interested in positioning your business for success.
Get pre-qualified for up to $1M
Searching for financing is free and won’t affect your credit score