When the corporations of Wall Street falter, it is this heart that keeps our nation alive, and it is this heart that will heal our economy and make us strong again.
To protect their own interests, many large financial institutions have decided to reduce or eliminate financing options for small businesses. A staggering 96% of banking institutions have reported reductions in small business lending the past couple of years, despite government incentives and prodding to open up capital to this sector.
The tightening of credit markets coupled with a reduction in consumer spending has had a stifling effect on the small businesses of America. Without the capital to grow, many small business owners are forced to either put plans for growth/expansion on hold (in hopes of a better future economy) or to close their doors for good because they’re unable to keep up in competitive markets.
Recognizing the increased need for working capital in the small business sector, the founders of Snap Advances wanted to do something to make a difference and spur economic growth. With decades of experience as large commercial investors, we looked for ways to make capital available for fueling small business growth. We found the perfect way to help through the Merchant Cash Advance funding.
We believe that, in order to build valuable, lasting relationships, you need to bring more to the relationship than you take away. We go the extra mile in all we do to make sure our partners understand we truly do care about the success of their business.
One of the key business advantages of a Merchant Cash Advance is timeliness. From the application, to initial funding, to securing additional funds, we do all we can to make sure you receive funding in a Snap!
We don’t believe you should be weighed down with the burden of making unreasonable payments at the expense of your business. That’s why we provide sustainable funding to help you keep the doors open, as well as put you in a position to thrive and grow.
There are many merchant funding companies out there, all eager to promise low rates, easy terms or anything to get you to make a quick decision and lock you into a contract. But what they promise before the dotted line is signed doesn’t always align with what’s delivered afterwards.
Snap Advances was founded on the belief that businesses must have quick access to working capital in order to succeed in a competitive marketplace and that business owners should be awarded access to capital based on the strength of their business, not just their credit history.
Snap Advances is the actual funder, not a broker. We fund businesses through Cash Advances, not loans. Our funding model requires a strong belief in you and your business, as well as an absolute dedication to the continued success of your business. By working with Snap Advances you are bringing on a partner who is as committed to the success of your business as you are.
We’ve invested a great deal of time, effort and money into building a company that not only gives you quick access to the money you need to grow your business, but also provides additional tools, resources and guidance to help you grow in the right ways. In other words, we are creating a funding partnership that goes far beyond the dotted line.
Our commitment to your success begins from the first introduction and continues through each step of the process. We strive to give you the respect, attention and service you deserve as a valued partner.
In order to make the approval process as quick and easy as possible, we have developed a platform that allows our business consultants to get you conditionally approved for an advance while you’re on the phone. It only takes a few minutes to see what Snap Advances can do for you.
Once conditionally approved for an advance, we’ll work with you to swiftly gather the information and documents needed to finalize your approval and get the agreements in place so we can get your money to you as quickly as possible.
When terms are set and agreements signed, your funds will be wired directly to your business bank account. From that point, a set percentage of your credit and debit card sales (or a daily ACH from your bank account) will go automatically toward paying off your advance.
We don’t treat our partner relationships as a one-time deal. We will offer tools, resources and guidance to help you grow your business. Even better: once you have a proven history with Snap Advances, obtaining additional funds to grow your business can happen in a Snap!
A Snap Advance is not a loan. It’s a purchase-and-sell agreement. As a merchant, you agree to sell a portion of your future sales at a discounted amount. Listen to these success stories.
Jeff Daigneau - Latitude Restaurant
West Springfield, Massachusetts
Chad King - Douglas County Diesel
Castle Rock, Colorado
Laura Powell - Bountiful Music
Bountiful, Utah