Frequently Asked Questions about SnapCash Funding's Secured Advances.
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.