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Rapid Finance

Name: Rapid Finance
Rating: 4.7

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4.7

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400 User Reviews

9.9

Overall Score

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1-(866) 564-3221

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Company Details

Maximum Loan Amount

$10 Million

Quickest Time to Funding

1 Day

Time in Business

17 Years

Company Headquarters

4500 E W Hwy 6th Floor, Bethesda, MD 20814

Number of Reviews 400

Source of Information

This company is a Business Suite customer. Learn more

Best Company guarantees your satisfaction if you choose a company that has earned this distinction. If you're not satisfied after 30 days, simply let us know and we'll give you $100. Yes, it’s really that simple.

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LAST UPDATED: January 21st, 2022

Small business financing company Rapid Finance has grown to be one of the biggest names in alternative business financing since its founding in 2005. With personalized customer service, competitive rates, and flexible funding options, Rapid Finance has funded over $2 billion for companies in various industries.

The company's variety of financing options puts it at the forefront of the industry. Rapid Finance also provides a business advisor who will work with customers one-on-one in order to service every unique business situation.

Applications are not solely based on credit score, giving more applicants funding opportunities, and financing amounts start at $5,000.

Customers can get approved in minutes and can receive funding in as little as 24 hours.

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The Good

Variety of Loan Options
High Maximum Loan Amount
High-Quality Resources
Customer Support
Rapid Finance Reviews

Variety of Loan Options

Rapid Finance provides a variety of financing options for lots of differing borrower needs, including the following:

Bridge loans
Lines of credit
Merchant cash advance
SBA loans
Invoice factoring
Asset based loans
Commercial real estate loans

Through its lending partners, Rapid Finance allows customers to participate in low-interest rate SBA-approved bridge and long-term loans.

The company's small business loan is a great fit for small businesses that do not meet the criteria for an SBA loan.

The merchant cash advance (MCA) and line of credit are both good options for short-term cash needs. Small businesses can purchase new equipment, bolster their payroll, or pay off tax liens with the MCA or line of credit products.

Approved loan uses depend on the loan type, but includes practically any need you have as a business owner, including the following:

Working capital
Location expansion
Equipment leasing
Payroll
Debt consolidation
Technology
Marketing

Be aware that Rapid Finance works with a partner network of various finance brokers for equipment leasing, credit card processing, asset based loans, and invoice factoring so pay close attention to the specific requirements, rates, terms, and conditions set forth by your direct lender, including the following:

Application process
Positive credit behavior
Interest rate
Origination fee
Fixed fee

High Maximum Loan Amount

With Rapid Finance and its partner network, businesses can receive financing ranging from $5,000 to $10,000,000 depending on gross sales and other factors.

Highlight: Rapid Finance offers a wide range of loan dollar amounts.

Many lenders in the industry have much higher minimums and much smaller maximums. The wide range offered by Rapid Finance gives potential borrowers more options based on their specific cash flow needs, large or small.

High-Quality Resources

Rapid Finance's website provides excellent resources for small business owners including white papers, slide share presentations, and an e-book on marketing best practices. Its blog is updated frequently and includes a long list of articles covering several small business topics.

Additionally, you can check your eligibility with Rapid Finance's loan amount calculator to see how much you could qualify for if approved based on your credit score and gross monthly sales.

Keep in mind that the results of the calculator are no guarantee; you’ll still need to be formally approved with an application.

Customer Support

When clients choose to work with Rapid Finance, they'll have access to a personal business advisor who can help them determine which financing options are right for their business.

Rapid Finance also provides a number of other tools for borrowers, including a client portal that is accessible around the clock and allows borrowers to upload documents, see payment information, and review financing when applicable.

Rapid Finance Reviews

The majority of Rapid Finance reviews are positive, giving the company a high rating from consumers. Rapid Finance customers highlight quick loan approval and funding time, great staff and customer service, and competitive rates.

With such high ratings from customers, future borrowers can have peace of mind knowing Rapid Finance is a trusted lender that delivers quality and satisfactory service.

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The Bad

Does Not Fund Startup Companies
Excluded Businesses

Does Not Fund Startup Companies

Rapid Finance does not provide funding for startups, so those looking for startup funding will need to look elsewhere.

To qualify for a loan with Rapid Finance, businesses have to meet certain requirements, such as being in business for at least six months and having at least $5,000 in monthly revenue. Business owners will need to have a credit score of 550 or higher.

Excluded Businesses

Rapid Finance does not service the following business types:

Annual memberships
Adult entertainment
Bail bonds
Casinos
Churches and all non-profits
Collection agencies
Consumer debt counseling services
Direct/multi-level marketing
Firearms
Flea market
Home-based door/door-no lease space
Kiosks
Law firms
Marijuana (dispensaries, producers, distributors)
Payday loan companies/other lending businesses
Travel agencies
Car services
Automobile dealerships

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The Bottom Line

Overall, Rapid Finance has some great options available for the small business owner, including a merchant cash advance, asset based loan, line of credit, and other small business loans.

In addition to offering multiple financing solutions, the company offers a simple application process, opportunities to borrow even with bad credit, quick approval and funding times, and respectable customer support.

If you are a consumer looking for a trusted online lender and your company has at least six months in business and $5,000 or more in monthly revenue, a Rapid Finance loan may be a great choice.

You can find Rapid Finance reviews below to learn more about customers' experiences with a Rapid Finance business loan.

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User Reviews

Star Rating

4.7

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400 Reviews

Review Breakdown

5 grade

87%

4 grade

3 grade

2 grade

1 grade

Sentiment Criteria

Value

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Quality

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Service

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Trustworthiness

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Featured Review

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Verified Customer

star star star star star

Rapid Finance jumped on the ball and took care of things so that's how we wound up with them. There was passion with what they were doing. They came beside you and that was the most important part for me, getting somebody to help me out when I needed it. They took charge and began to ask questions that were relevant to get the loan. It was two or three days of calling back and gathering information. Their work ethic was good. At the beginning I was very nervous about asking for the loan thinking that no one would help me out but then they had the confidence in what they did and were able to help me out. It was a great great help.

2 years ago

Reply from Rapid Finance

Thanks for the awesome review, Samuel! We work hard to meet expectations like yours, and we’re happy to hear we hit the mark for you. Cheers!

Apr. 19th, 2019

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Featured Review

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Verified Customer

star star star star star

I went with Rapid Service because they were the easiest to work with. They were fast and they did what they said they were going to do. They were lovely to work with. It was very easy to apply. The terms were some of the best we found and they made it very easy to help us through each step of the way answering any questions we had.

2 years ago

Reply from Rapid Finance

Thank you so much for sharing your experience with Rapid Finance.

Apr. 19th, 2019

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Hope Gonsalves Dallas, TX

Chance P went above and beyond meeting my business needs. Was flexible with my availability to run my business and get back to him in-between appointments by phone & email. It took me a couple days to get the D needed, but that didn't deter him from assisting me accordingly. A decent funding amount was offered as a starting point with room to increase in the future. He had it in my bank act within hours once all paperwork and contracts were complete. I'm thankful for his service!!!

2 days ago

star star star star star

Sergio Martin San Antonio, TX

Donovan goes straight to the point, knowledgable, the plans outlined provide the right solutions to our funancial needs and what was discussed was at plain sight in paper, in a way that the contract was easy to sign with confidence.

2 days ago

star star star star star

Courtney T Burnett Minneapolis, MN

Very personable and understanding, knowledgeable and articulate with her choice of words, most of all she seems very motivated to get you the funding you need on a realistic practical level, she does not seem to just want the sale, she want you to succeed in building longstanding profitable and prosperous relationships with the client.

1 week ago

star star star star star

Shirley DeGrasse San Antonio, TX

I’m A Small business owner. I needed a loan to help grow my business. My Advisor was Tyler B. Tyler made the process so incredibly easy. He seemed to listen to my needs and help me find a solution. Very Professional. I reached out to Rapid Finance and within 3 days I was funded. Many Thanks, Shirley D Home Marketplace on 3rd

1 week ago

star star star star star

Donald Snyder Willow Creek, CA

OUTSTANDING EXPERIENCE! If you use this company (you should) ask for Melissa to be the one assisting you. She worked around my hectic schedule. She went above and beyond to present me with good options and even took the initiative to look into a different line of lending that wouldve saved me money and worked better for my business model. She knew the ins and outs of every option and explained them in a clear and complete way. And when i told her i had a shory window of time she had the best contract in front of me in one day and answered all of my questions about it. If i need financing again, I'm going back to her. I can't tell you how great this service was. I will absolutely be recommending Rapid Finance.

1 month ago

star star star star star

Jon Bailey

Jordan was very honest helpful and to the point. He did not bug me to get the loan. He let me make the decisions on what i needed. Very helpful person.

2 days ago

star star star star star

Charles Erickson Sedona, AZ

We do not have the best circumstances for credit. This team and Mike still got us the fast financing we need to expand our business! Thank you so much! The rating is 5 stars and they are no nonsense! Thank You! Ericksons ;)

1 week ago

star star star star star

James E [Jim] Holmes Kent, WA

From the first working with Danielle G was a great experience. She listened to my woes and had two working proposals within 24 hours. Although there were some glitches and hiccoughs along the way we overcame the hurdles and mastered the process and completed the loan in a timely manner as possible. Also a big thanks to Alex P and Kathleen B for their helping hands and timely phone calls/emails which moved us in the right directions. Overall just a GREAT BIG THANK YOU!!! Jim. Have a wonderful Christmas and a even Happier New Year.

1 month ago

star star star star star

Rolliesha Davis Atlanta, GA

Easy application process and Fast response. Andrew N. assisted me every step of the way answered all of my questions and stayed in contact with the updates on my decision Thanks

3 weeks ago

star star star star star

Gaiser Comfort Solutions St. George, UT

A was in need of Financing and received the funding very quickly and with minimal docs needed. I appreciate the rapid response and hope to work more in the future in a pro active business relationship. Thank You

3 weeks ago

star star star star star

Connor and his team were exceptional in helping our SMB get some working capital, especially while we are still in processing for the SBA EIDL. He was thorough and made time to go over everything diligently and was available anytime we needed during the process. Thank you again!

1 month ago

star star star star star

Warren Woodberry Jr. New York, NY

Quick friendly customer service. Highly knowledgeable and reassuring. Looking forward to continued business.

4 days ago

star star star star star

Joseph P Omaha, NE

The entire experience was great! Connor was very informative about different options and what worked best for my company. Thank you Connor and thank you Rapid finance!

3 weeks ago

star star star star star

Craxk Goddesss Atlanta, GA

Fast funding! The options were awesome and everything was so easy to do. Had I known it was this easy would have applied sooner. Cameron was so awesome he helped me understand my options. Thank you Cameron :)

1 month ago

star star star star star

Basadila Fernando Minneapolis, MN

Working with Aaron was a breeze. He was very informative, great communication skills, always kept us updated and definitely pushed us to spread up the process. 10/10 will recommend

1 month ago

star star star star star

Leena John Friendswood, TX

Was very very pleased with Rapid Finance and particularly the help of our advisor, Aaron, who was efficient, knowledgeable, communicative and really kept the process running smoothly. Thanks for that!

1 month ago

star star star star star

RJ Mustang Denver, CO

My business advisor Jordon was great to work with. Called me on every step of the process and made the loan experience easy. Rapid Finance really got my loan done fast, so I can do what I do best. My business! Thanks!

1 month ago

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Krystal Watson Minneapolis, MN

I had the pleasure of working with Tyler B! Tyler’s customer service skills and attention to the clients needs and wants are beyond exceptional. He is knowledgeable, responsive and a true sweetheart.

1 month ago

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Abby F Riverdale, GA

I like the interaction with agents. They were prompt in returning calls and finding the best solutions for my business, I was amazed at how quick the process was to get funded. They made my first experience seamless.

1 month ago

star star star star star

Kellie Gallagher Minneapolis, MN

Olivia D has been working with my husband and myself on building our small business and she has been excellent to work with and we plan on working with her and Rapid Finance in the future as well.

1 month ago

Reply from Rapid Finance

Thanks for the fantastic review, Kellie! We look forward to working together in the future😊

Dec. 1st, 2021

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Julia Gabor Bayonne, NJ

Rapid Finance is serious about helping people and businesses. But people first! We worked with a gentleman named Ross, who really listen to our pain points in building a start up, education company. He had excellent suggestions, solutions, and options for us. Their customer service and timing are excellent It was easy to choose Rapid Finance over all the others. Five stars ⭐️ here!

3 months ago

Reply from Rapid Finance

Thank you for the amazing review, Julia! We are overjoyed to hear great feedback like this😊

Dec. 1st, 2021

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Ryan La Porte, IN

Overall great experience they were able to give more then requested and did in a timely manner.

2 days ago

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Verified Customer

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Turk Automotive Inc Hawkinsville, GA

Actually they called me during the time I was in need and I didn't really know what to do and it just so happened that one of their column brokers called us and talked to us about it and they introduced it to us. They directed and wrap it had us in money in two days so we were excited about that. I was not aware in the beginning that it would start with one group and then I think we actually started with or something I don't know who we started with and then ended up with rapid but they were just really I mean they're really on the spot that's some things I didn't understand I had to learn later that we've we've refinance twice and we're you know what they've done is right. They're constantly following up with me on email to see if there's anything else I need telling me where I am and Malone telling me how long it would be before I could refinance if I was interested and they worked with me kill it diligently over the funding process until they were sure that I had money in my hand and I was satisfied. I just know that they're they listen to their all their very understanding is that it shows and they listen to your name and your walls and try to work with you on that level. I know in the beginning the interest rate scared me and we talked about it and they explained how after I was halfway through to the correct financing bring my season and stuff down and they were true to their word word on that side I just think you're good you're good company to do business with.

3 years ago

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Shazy899 Matteson, IL

My rep Jordon was great. He was extremely knowledgeable and helpful. This is the best customer service that I have gotten all year. Thank you.

3 weeks ago

star star star star star

T. Hill, Owner Palm Desert, CA

Alex Z, our Senior Advisor at Rapid Finance is very knowledgeable, supportive and always follows through with everything. He offers affordable loan plans and worked with our situation to obtain a business loan for us. We recommend Alex and Rapid Finance, they have a very good reputation and it holds true.

3 months ago

Reply from Rapid Finance

Thank you for the great review! We pride ourselves on providing excellent funding options for all!

Dec. 1st, 2021

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Nasser bahri Hialeah, FL

It has been a great experience . it was my first loan ever, and without the efforts of Donovan S i wouldn't be able to get it because of some papers issues. he was very attending and understanding, I talked with many loan companies but only Donovan won my trust, looking to keep working with rapid finance again, very recommended

3 months ago

Reply from Rapid Finance

Thank you for trusting us at Rapid Finance😊

Dec. 1st, 2021

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OTM Moving and Storage Dahlonega, GA

Got the funds I needed quick and easy. Chance was very easy to work with.

2 days ago

star star star star star

Davelon Coleman Bay Minette, AL

My experience with Rapid Finance is with Mr Donovan. He kept the process smooth and clear of any possible feedbacks based on the information provided. I could tell early in the process he knew what he was doing. Thanks to him and his team at rapid finance, I was able to get approved for what my company needed within a few days! Thanks Donovan and the rapid finance team!

4 months ago

Reply from Rapid Finance

Thank you for your kind review and testament to our speedy process!

Dec. 1st, 2021

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Lee Holzworth Madison Heights, VA

Olivia has been calling me for weeks about my previous loan. She kept me up to date on how paid I was and when opportunities arose to get new funding. Today this finally paid off for us both when I needed to take advantage of some funding. She was easy to talk to, work with and did evert she said she would do. She was the only reason I choose this company with all the rest out there, exceptional customer service and the fact that she really does listen.

4 months ago

Reply from Rapid Finance

Thank you for your kind review! It's our top priority to make sure we provide the best customer experience possible😊

Dec. 1st, 2021

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Phyllis Smith Orlando, FL

It's a lot going on in our world today and I was very skeptical about doing this plus repaying anything back other than monthly is a bit much on a small company during these times but I'm grateful for whomever came up with financing structure as a lot of companies are in need of it right now just hope things go back to normal real soon. Rapid Finance thank you, it only took 1 day to apply and get the funds I needed!

5 months ago

Reply from Rapid Finance

Thank you for the thoughtful review, Phyllis. It means a lot that we can help businesses through these unprecedented times. We look forward to continued success for you and your business😊

Dec. 1st, 2021

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Roof Kings of Lafayette Carencro, LA

Mr Cameron was very helpful in saving my business i appreciate the speed and dedication.

1 week ago

star star star star star

Natalie Taylor Charlotte, NC

The application process with pretty simple and straight forward. At one point I had a technical difficulty so I called the 1800 number and got connected to Prachi on that call. To know that a human will pick up immediately and speak to me meant a lot. It was a holiday weekend and the end of the work day but Prachi took my information and promised to get back to me the following week with results. She literally spent time to understand my need and listen to learn about my business and got me help based on my business need. I got funded immediately- within 24 hours- after our conversation. I am looking forward to developing this partnership with the team at Rapid Finance.

7 months ago

Reply from Rapid Finance

Thank you for the kind review, Natalie! We prioritize customer service and are so glad to hear your positive experience😊

Dec. 1st, 2021

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Verified Customer

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Timothy Hundley New Boston, TX

Chosen because they were professional yes I am glad I did. They just make it easy. Every time it is simple to fill out, very helpful. They do the follow up calls and they do check on your states. They want what's best for you not necessarily about the money. Well you know I've gotten to know the people over there and after I got my first along with him now you know when I need something is just a phone call away minutes that it's a good experience.

3 years ago

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Greg Agapie Lawrenceburg, IN

The Best part of my experience with RAPIDFINANCE was Jordon ! 10 Stars!!!

1 week ago

star star star star star

Celtic Odyssey Houston, TX

I have had several funding institutions and none were this great! Several funding options available. The process was quick and easy. Funding happened the same day. One little hiccup but they took care of it quickly! Rep was in touch with me throughout the whole process. I was notified electronically all was complete and funds would be in my bank in a short time. Best experience I have had to date! Will definitely be using them going forward!

6 months ago

Reply from Rapid Finance

Thank you for the outstanding review, Celtic. It means a lot to all of us at Rapid to know our clients are happy and well taken care of. We look forward to working together again in the future😊

Dec. 1st, 2021

star star star star star

Aaron Bell Baltimore, MD

I'm a repeat Customer with Rapid Finance and the outstanding and Excellent service I received from Joel Rosenthal the Executive Business Advisor who handled my loan was above ALL the best EVER. He was AMAZING and as an result of his great service my business was able to get the funding for for our growth and expansion. If you need funding go with Rapid, you won't be disappointed. Trust me.

6 months ago

Reply from Rapid Finance

Thank you for the outstanding review, Aaron! We look forward to working together again in the future😊

Dec. 1st, 2021

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Rich H Fitchburg, MA

I needed funding to carry us for a couple weeks while waiting for customer payments. Called rapid finance and got hooked up with Cody. There are no words for the amount of satisfaction I have for this organization. There are so many scams out there to be on the look out for. Cody and I spoke for the first time on a Friday at noon.....we were funded with the money we needed by Monday at noon. Such amazingly friendly, nonjudgmental, professional people. Will always highly recommend! Thank you Cody and Coleen!

8 months ago

Reply from Rapid Finance

Thank you for your testament, Rich! We look forward to you and your business's success😊

Dec. 1st, 2021

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Verified Customer

star star star star star

The process was easy. They followed through with everything they said they would do and the money was available when they said it would be. The applications were short and I was approved for a certain amount of money and it was placed in my account a few days later.

2 years ago

Reply from Rapid Finance

Thanks for the awesome review, Johnny! We work hard to meet expectations like yours, and we’re happy to hear we hit the mark for you. Cheers!

Apr. 19th, 2019

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Verified Customer

star star star star star_border

They're easy to deal with and talk to you and able to get you money as you need it. The representative was easy to deal with and she explained everything well to me and just did a fine job and doing everything that needed to be done. I called them up and told them what I needed and they verified what they could give and we set it up and went for it.

2 years ago

Reply from Rapid Finance

Thank you so much for your kind words, Roger. We really appreciate you taking the time out to share your experience with us

Apr. 19th, 2019

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Verified Customer

star star star star star

They offered the best interest rates and quickest funding abilities. Every experience we've had so far with Rapid Finance has been wonderful. Everybody's been great communicating and making sure that we understand our contracts thoroughly. The process was quick and easy.

2 years ago

Reply from Rapid Finance

Thanks for the awesome review, Richard! We work hard to meet expectations like yours, and we’re happy to hear we hit the mark for you. Cheers!

Apr. 19th, 2019

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Verified Customer

star star star star star

They told me that they would have the money in my account on a certain date and that's when it was there. I've never had any issues. I had to give them three months of bank statements and they did a credit check and that was it.

2 years ago

Reply from Rapid Finance

Thanks for sharing your experience with us! We appreciate the positive feedback and are glad we could be a part of your business' growth😊

Nov. 16th, 2020

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Verified Customer

star star star star star

My customer service rep was very thorough in her communication and I received a lot of emails and overall the communication is good and very thorough. Everything was kind of over within a day so everything went pretty smooth. It's been a great experience and a great relationship with Rapid Finance. I'm very happy.

2 years ago

Reply from Rapid Finance

Thanks for the awesome review, David! We work hard to meet expectations like yours, and we’re happy to hear we hit the mark for you. -Beatrice

Apr. 19th, 2019

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Verified Customer

star star star star star

Sargam Bhatt, Tyler Zilli, Kisha Daniels

They were patient and really took the time to listen to what the customer's needs are and I believe they do their best to try to fulfill that need. The customer service is very knowledgeable, professional, pleasant, and followed up and expedited my funding. Overall, I'm very pleased with Rapid as compared to other companies out there.

2 years ago

Reply from Rapid Finance

Thank you so much for your kind words, Lisa. We really appreciate you taking the time out to share your experience with us.

Apr. 19th, 2019

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Verified Customer

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Anonymous Kilgore, TX

I'm happy I went with Rapid Advance, because they've helped me with what I needed. It was pretty easy to obtain a loan through them. Their customer support was easy to work with, and they answered any questions I had at any time.

3 years ago

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Verified Customer

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Mark Turner Stillwater, MN

Rapid Advance's customer support is very responsive. Within 24 hours, someone is helping me out and solving my problems. They are quick at getting my basic information for the loan, and in no time it was processed and all the money was in my account.

3 years ago

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Verified Customer

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Just Past China

This is my second time utilizing this process due to a few unexpected situations in my business. I thought the fees were high but I was in need of assistance. With that being said it was a tiny bit time consuming but after they received the information it was a smooth transaction

3 years ago

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Verified Customer

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Anthony Birch

Great customer service and great rate and my customer agent name Anthony Birch help throw every single step without stress! I am the 2nd time using this time and I will be back again for 3rd time !! Help my business grow !! Thank you !! And god bless you!!

3 years ago

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Verified Customer

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Champagne Images Goodyear, AZ

I called a couple of services to see who would get back to me and they were actually the first ones. I'm glad I went with them. They stood by their name, the process of getting a loan was very rapid. They got to me in a timely manner and made sure that I was satisfied.

3 years ago

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