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Last Updated: 06/21/2025

Snap Advances Small Business Financing

from Snap Advances

Last Updated: 06/21/2025

Snap Advances Small Business Financing logo
Rating not yet determined2 total votes
1 users recommend
1 users don't recommend

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Highlights

Amount Range

$5,000 - $250,000

APR

10% - 99%(Verified 06/21/2024)
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Loan Term (Months)

Up to 12
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Snap Advances Small Business Financing Review

Snap advances is a business financing offering by Snap Advances, based in Valley Stream, NY. Founded in 2009, Snap Advances offers access to small business loans in 50 states (and Washington, DC).

Snap advances FAQ

What are Snap advances rates?

Snap advances offers a business financing product that ranges from 10% APR up to 99% APR.

Does Snap advances charge an origination fee?

Yes, Snap advances charges a loan origination fee .

Does Snap advances charge prepayment fees?

Yes, Snap advances may charge additional fees to borrowers who pay off their small business loans sooner than anticipated. Take this into consideration when choosing a business loan product because prepayment penalties can reduce or even cancel the interest savings of repaying a business loan early.

How much can you borrow from Snap advances?

Business loan amounts start at $5,000 and go up to $250,000.

What is the maximum business loan term you can get with Snap advances?

Snap advances offers small business loans with a maximum term of 12 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for Snap Advances Small Business Financing?

Snap Advances Small Business Financing requires companies to be in business for at least month Businesses must have a minimum annual revenue of $15,000 to be considered.
When it comes to credit scores, Snap Advances Small Business Financing doesn't have a set minimum or maximum. People with all types of credit scores can apply.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Snap Advances Small Business Financing.
To qualify, applicants may need to provide the following documentation:
  • Proof of income
  • Proof of identity

What is the estimated funding time for a business loan via Snap advances?

Snap advances can fund small business loans within 5 business days.

Does Snap Advances perform a hard credit pull?

Yes, Snap advances performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Headquarters

497 Rockaway Ave
Suite 1
Valley Stream, NY 11581
Visit Site
Email Support

Other Services by Snap Advances

Merchant Cash Advance

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SuperMoney Net Recommendation Score

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The recommendation score reflects customer satisfaction with a provider. A score of +100 means every customer recommends the provider, while -100 means none of them do. These scores are based entirely on community member votes and are not influenced by partner compensation. SuperMoney removes fake reviews when detected.

Snap Advances Small Business Financing Community Reviews

Would you recommend Snap Advances Small Business Financing to your friends?

AT

Antonio T.

Jul 15, 2021

May or may not recommend

Bailed me out when my car needed to be fixed and the second Stimulus hadn't come in. Didn't run a credit check and just needed employment information! Hopefully I don't need it again, but I'm glad it worked!
Mar C. avatar image

Mar C.

Jul 4, 2019

May or may not recommend

Four weeks passed and no billing for the loan I was approved. Neither Jiffy Lube or Snap customer service sent my bill so that I can pay off the 100 daya loan. When I call noone knows what's going on with my bill. The application was not completed since 1 month ago. Is that fiar to the customer?

Showing 2 of 2 reviews

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