Their site doesn`t give much information except that you need a credit score of 675 or better. So I will be looking forward to hearing more about your experience with them.
Good luck and all the best,
I have noted your responses in several threads as I have been researching solutions for my situation and have come to view you as quite a guru on the business aspect of this forum.
I am most certainly not as enlightened business-wise as you are and have appreciated your interest in my situation.
As I mentioned in a previous posting that I contacted the www.thesnaploan.com site and discovered that all I needed to apply for a small business loan was a credit score of 675.
However, I have started my application process, and I am just waiting for the results. In the meantime, this is what I`ve been able to muster so far. The information is indeed on a general level because they seem to deal with each application on an individual basis, at least so I`m told.
Anyway, this is what I have found out so far:
-with this credit score an applicant is eligible for up to $500,000;
-as far as start up business are concernred, they extend a $100,000 credit line.
-they do not require collateral;
-they offer a revolving line of credit; I`ve asked what this entails. A revolving credit from thesnaploan.com means that you can burrow they specified amount, pay it off, and use it again.
-they don`t appear to limit the applicant on the way the funded cash can be spent;
-They claim to be fast, I tell you how long it takes me to find out if I am approved or not.
-It is also totally online--as far as the application process.