SnapCap: LendingTree buys another online loan marketplace

LendingTree Inc. (NASDAQ:TREE) has acquired an online loan platform for businesses called Snap Capital, known as SnapCap, in a potential $21 million deal. SnapCap is LendingTree's fifth acquisition since June of 2016. Charleston, S.C.-based SnapCap started in 2012 as a marketplace where small-business owners could have more access to credit, focusing more on the health of the business rather than on credit scores. "If a business has good cash flow, loyal customers and a profitable outlook,...