Secured Advance: Frequency Asked Questions

What is a Secured Advance?

Frequently Asked Questions about SnapCash Funding's Secured Advances.

Secured Advances from SnapCash help Small Business Owners fund their companies.

What is a Secured Advance and how can I benefit from it?

Question

What can be used as property to qualify for a secured advance?

Answer

You can use land, houses, owner and non owner occupied, large scale equipment, boats, commercial property, vehicles, trade tools, equipment and much more!

Question

Can I still get same day funding?

Answer
In about 50% of cases there could be title work that must be recorded for land or property, in those cases it could take 2 weeks to get funded but on trade tools it could be same day.

Question

How do I prove ownership?

Answer:

You can use deeds, property tax bills, registrations, and much more. Ask your Metromeida Funding rep for more information.

Question-

Can I use this to buy property?

Answer

No - you should already have vested interest into the property.

Question

I just started my business 3 months ago I own my home, could I still qualify?

Answer

Yes As long as you can show you can support the payments and have a plan to grow your business you would still be funded.

Question

I have a partnership and no property but my partner has a house with a mortgage, can we still apply?

Answer-

Yes you may still apply- as long as the partner with property is OK with a lien recorded to grow your business you should still be able to be funded.

‍

‍