SnapCap Projects Job Growth, Expansion in 2015

snapcap-logoCharleston-based SnapCap, a web-based alternative finance company that is focused on offering small companies a better way to borrow, announced it will double the size of its team and move into the new Cigar Factory Charleston later this year.

SnapCap offers a better way to borrow by focusing on performance-based financing, which evaluates the health of a business, not just the business owner’s credit score. Personal service combined with real-time evaluation technology makes it easier to provide financing solutions with greater speed and accuracy. A single-source lender, SnapCap processes and funds most loans in less than 48 hours.

“Part of our role as a new company in Charleston is to create jobs that are fun and innovative – jobs that people are fighting to get,” said Hunter Stunzi, SnapCap co-founder and president. “As laid back as Charleston is on the surface, there is a very hard-working, incredibly smart population of professionals here who are developing meaningful and challenging careers.”

To support its current level of personalized service while positioning for future growth during this pivotal year, SnapCap plans to hire 10 Charleston-based employees this year in the areas of sales support/processing and credit/underwriting. Greg Libon, who recently joined the company as director of sales, oversees the sales organization and will continue to build the team. In his most recent position at PeopleMatter, Libon served as regional account executive. Also joining the sales team are small business funding consultants, Ben Whitman and Franklin McGuire.

Steve Swanson, who joined SnapCap as an investor in November 2014, will continue to work with the SnapCap leadership to scale the business and drive the strategic direction of the company. Through Steve’s affiliation with the College of Charleston as a member of the Business School Board of Governors, SnapCap has entered into an exclusive arrangement with the College of Charleston to provide internships for finance and business undergraduate students. There are already four students participating in the program.

Later this year, SnapCap will relocate from its King Street offices to the new Cigar Factory Charleston. The growing team will occupy a 3,200-square-foot 4th floor corner suite overlooking the Cooper River.

“We’re excited about our expansion and move to the Cigar Factory,” said Stunzi. “The redevelopment of the northern half of the Peninsula is symbolic of the growth projected for Charleston over the coming years, and the Cigar Factory will serve as a visibly prominent landmark signaling that growth.”

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