Silicon Harbor Startup SnapCap Projects Job Growth, Expansion in 2015

CHARLESTON, S.C., Jan. 27, 2015 /PRNewswire/ — SnapCap, a web-based alternative finance company based in Charleston, announced it will double the size of its team and move into the new Cigar Factory Charleston later this year.

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Technology-driven and committed to investing in small business, 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.

“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.”

Team expansion
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, earning the distinction of top performer, achieving 120 percent of quota. Prior to that, he built his career in the finance and banking industry. 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.

New office space
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.”

About SnapCap
SnapCap is a web-based company that is helping lead a revolution in small business finance by reducing the complexities found in the traditional lending process. Committed to investing in small business, 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. For more information, please visit

Media Contacts:
Melanie Mathos / Bryan Hunter  
Lou Hammond & Associates
843.371.1363 / 843.371.1363



NN, Inc. Announces Quarterly Dividend

JOHNSON CITY, Tenn., Jan. 22, 2015 /PRNewswire/ – NN, Inc., (Nasdaq: NNBR) a diversified industrial company, announced today its Board of Directors declared a quarterly cash dividend of $0.07 per common share. The dividend will be paid on March 6, 2015, to shareholders of record as of the close of business on February 20, 2015.

NN, Inc., a diversified industrial company manufactures and supplies high precision metal bearing components, industrial plastic and rubber products and precision metal components to a variety of markets on a global basis.  Headquartered in Johnson City, Tennessee, NN has 25 manufacturing plants in the United States, Western Europe, Eastern Europe, South America and China. 

Except for specific historical information, many of the matters discussed in this press release may express or imply projections of revenues or expenditures, statements of plans and objectives or future operations or statements of future economic performance. These, and similar statements, are forward-looking statements concerning matters that involve risks, uncertainties and other factors which may cause the actual performance of NN, Inc. and its subsidiaries to differ materially from those expressed or implied by this discussion. All forward-looking information is provided by the Company pursuant to the safe harbor established under the Private Securities Litigation Reform Act of 1995 and should be evaluated in the context of these factors. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “assumptions”, “target”, “guidance”, “outlook”, “plans”, “projection”, “may”, “will”, “would”, “expect”, “intend”, “estimate”, “anticipate”, “believe”, “potential” or “continue” (or the negative or other derivatives of each of these terms) or similar terminology. Factors which could materially affect actual results include, but are not limited to: general economic conditions and economic conditions in the industrial sector, inventory levels, regulatory compliance costs and the Company’s ability to manage these costs, start-up costs for new operations, debt reduction, competitive influences, risks that current customers will commence or increase captive production, risks of capacity underutilization, quality issues, availability and price of raw materials, currency and other risks associated with international trade, the Company’s dependence on certain major customers, and the successful implementation of the global growth plan including development of new products. Similarly, statements made herein and elsewhere regarding pending or completed acquisitions are also forward-looking statements, including statements relating to the anticipated closing date of an acquisition, the Company’s ability to obtain required regulatory approvals or satisfy closing conditions, the costs of an acquisition and the Company’s source(s) of financing, the future performance and prospects of an acquired business, the expected benefits of an acquisition on the Company’s future business and operations and the ability of the Company to successfully integrate recently acquired businesses.

For additional information concerning such risk factors and cautionary statements, please see the section titled “Risk Factors” in the Company’s periodic reports filed with the Securities and Exchange Commission, including, but not limited to, the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2013. Except as required by law, we undertake no obligation to update or revise any forward-looking statements we make in our press releases, whether as a result of new information, future events or otherwise. NN, Inc. had sales of $373 million in 2013.