I went to their site and it seems to be in a state of renovation. I did find a phone number I plan on calling on monday. I`ll feel safer when I can attach a name and address to the source of my loan. I was hoping for feedback from people who used SNAP Loan. For example, do they want 20% owner equity? 25? 30? They seem so free with their funding that I almost believe they don`t expect any. Compared to all the banks I`ve talked to, they don`t even seem real.
So, I guess that`s the question. I know I have the credit rating. I`d just like to know what they`ll expect of me. Is the amount of the startup loan based on my current salary? That could be, but would be a little foolish, as I won`t be working there after I start my company. There has to be something I`m missing. Nothing good can happen without a catch. I understand that the interest rate is going to be higher. To me, and I`ll be honest, it`s not how much I repay total that matters. It`s the amount I pay per month. I`d gladly repay 25% on the dollar or more, if the monthly payment didn`t break the bank. So, any info would be welcome. I know almost nothing.
Making limitless possibilities much more limited.