your business, and your horizons
to a higher standard
to realize the full potential of your business
Our financial specialists will work diligently with you to provide the best financing solutions to springboard your business growth. We offer the most cost effective financial products both for your business and peace of mind. At Snap Fund, we tailor our products with careful consideration of your specific needs and goals to provide the best business financing options for you. We will work with you to create a plan that you are comfortable with and can help you meet and exceed your business goals. And our renewal process is simple, providing additional funds when you need them.
At Snap Fund Inc, the success of your business is our pleasure. We have years of experience helping clients foster the growth of their business with personalized concierge service. And you can count on unbiased recommendations and impartial guidance based directly on your unique needs and goals without pressure, upselling, or obligation.
Every successful financial strategy starts with an excellent client relationship. We are here for the life of your business and our mission and values include exceeding our client’s every expectation. Call us today to find out how we can help you realize your vision of success for your business.
We know you're engrossed in running your business and your time and resources are focused on success. So we keep it simple, from the application, to the direct relationship with your representative. . We strive to eliminate the stress, confusion anxiety, and obscurity, of the options, their terms, and what your money is really going to cost and facilitate a painless, expedited answer to your request for economical, advantageous working capital options available to you..
Simple interest is considered the best form of interest for the borrower because it is charged only once, and is a percentage of the original principal, unlike compound interest. If you borrow $1,000 at 10 percent simple annual interest, then you pay $100 in interest per year. If you borrow it for two years, then you pay $200 in interest.
Simply put, a business line of credit is pretty similar to a personal line of credit (like your credit card). A bank or lender gives you access to a specific amount of financing, which you can draw from whenever you want or need.
Equipment financing is a funding solution that can help improve cash flow and also improve working capital. It typically involves a lender giving a business finance that is secured by a piece of equipment, with the lender holding the title. This works for those businesses that are finding it hard to get finance because the equipment is used as security.
Invoice Factoring is a financing strategy involving the selling of accounts receivable for immediate cash, without diluting equity or incurring debt. Rather than waiting for invoices to be paid, a third party will purchase your outstanding invoices and pays cash now, for invoices due in the future.
The U.S. Small Business Administration partners with lenders to provide loans for small businesses. The SBA does not write loans but guarantees them, which means that if the borrower defaults, the SBA covers a portion of the outstanding balance, minimizing the lender's losses. The SBA only guarantees loans that meet its eligibility guidelines and this financial tool relies heavily on the business owner's credit rating and history.
A merchant cash advance, or MCA, provides a lump sum in exchange for an agreed percentage of future business, including credit and debit card splits. Lenders evaluate risk with consideration of performance of your business to determine the likelihood of the business paying back the advance in a timely manner. An MCA is not a loan, but a business funding alternative that can provide quick access to capital but the rates may be significantly higher than other funding strategies.
Our application process is simple and takes minutes to complete, and once you've submitted the documents along with your completed application form, we will be able to provide you with your options in strategic funding alternatives within hours.
Options and terms are dynamic, and the rates, terms, and repayment schedules vary, along with the approval critera, with each funding strategy, it's important you know and understand the extend of your options and precisely what they entail.
You're equipped to make an informed decision on the best course of action and we're here to move you forward in your business endeavors. And as your needs change, we will continue to be both an ally and a conduit to facilitate