Best Company Guarantee Rapid Finance Logo

Rapid Finance

star star star star star

8.2

Overall Score

LAST UPDATED: May 31st, 2023

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. 

thumb_up

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.

search

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. 

Visit Site

thumb_down

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
gavel

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.  

Was this content helpful?
thumb_up Yes thumb_down No

We'll Introduce You!

Call our recommended rep over at Rapid Finance below.

1-(866) 564-3221
bestcompany guarantee

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 $200. Yes, it's really that simple.

Learn More

Star Rating

4.8

star star star star star

525 Reviews

Review Breakdown

5 grade

89%

4 grade

6%

3 grade

1%

2 grade

1%

1 grade

4%

Sentiment Criteria

Value

star star star star star_border

Quality

star star star star star_half

Service

star star star star star_half

Trustworthiness

star star star star star_half
cancel

Filter by:

arrow_drop_down

Sort by:

arrow_drop_down
info
bookmark

Featured Review

check_circle

Verified Customer

check_circle

Review Source

star star star star star

5

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.

4 years ago

Rapid Finance Logo

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

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Joe lafalcia

Just awesome customer service and help when we really need it

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Holly Sowa

Holly was professional and made the process easy and our business would not be in the position it is in without their support.

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Bob from Michigan

Fast service and great people make it a simple process

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star_border

Janine Aquino

Quick and easy way to get needed money for your business.

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Jas mine Lockhart

Very Professional very respectful of your privacy

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Lauren Coubert

Advisors were helpful, prompt, and smart

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

AJ Matos

Great fast service . Money was deposited in a timely manner . And device was excellent

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Michael DeLuca

I have worked with Olivia D. on multiple occasions. She is always prompt and attentive to us when we call on them for funding. The rates are decent, process simple and clean, and payment terms manageable. Thanks again Olivia and her team to help fund some ongoing projects for our company!!

5 years ago Edited September 14, 2021

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Anonymous Brooklyn, NY

They are very helpful. They always accommodate for what I want and are just fantastic.

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star_border

Mauricio Donoso Hauppauge, NY

At the time, they were the best option for me and my business. Customer service is very professional and quick.

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star_border

Anonymous Cincinnati, OH

I don't recall why I chose them I look at BBB better business bureau rating and it was very good in yes I'm glad I did. They are fast and efficient. I only deal with 1 person and that is Brandon he does an excellent job.

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

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.

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

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.

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star_border

Iride Used Bicycles Restoration & Repairs St. Petersburg, FL

I chose them because I like the way that the money comes off of a card processing fees to pay them back. It was a little slow getting things off the ground but once they finally got things worked out it worked out just fine. They've always been very able to solve every problem. Nick R is extremely professional and very very helpful.

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Tyson Nail & Spa Lynwood, CA

I'm happy I went with them. Every time I needed them, they were there to help me out quickly. It's a good company and they give you good service. They've done everything they promised they would do.

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

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.

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Jeanie Vang Hickory, NC

I went with Rapid Advance because they were able to help me with the capital that I needed. The person that helped me was good. They have good customer service skills and just get on with their job. Every time I need something, they answer right away or give me a callback as soon as possible.

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star_border

Amoy Belvett Brooklyn, NY

Getting my loan was very fast. It didn't take much time before I could get it. Someone was always there to answer my questions if I had any. The only thing is that the interest rate they give you is too high, it's at 28%.

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Yevgeniya Khaimova Brooklyn, NY

The people in customer service are very friendly, quick, and on point. Everything else is just easy, for payments they just take the money out of my account. I'm glad I went and worked with them.

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Jose Miguel Melendez Rivera Cleveland, OH

They are easy to work with and they do their job quickly. The quality of service is good too, very personal and just right for me.

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Anonymous Picayune, MS

I'm glad I went with them. The sign up process was easy and simple. The account managers are easy to work with too and don't need a lot of paperwork from you. It was simple for me to gather the information they requested. I'm a very happy customer.

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star_border star_border

Tunks Cypress Inn Boyce, LA

I chose them because I was trying to find some funding online. They popped up so I called and talked to someone. The first time I went through the process it was pretty slow but the second time it went pretty quickly. The people there are always available to answer any question that I have and they always try really hard to give me what I need. The only thing is that, if you want to add more funds they negotiate a whole new interest rate for that instead of just adding it to the amount you already have. I thought that was a little unfair, especially since you have 2 completely different interest rates for the same loan package.

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Hair Cleaners Lice Removal Clinics, Key Biscayne, FL

Getting the loan was pretty easy and convenient, there was no pressure at all from them. I haven't changed agents much, but the 2 I've had have been pretty clear and precise in the information they give me.

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

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

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

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!!

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

amazing

everytime i need it then they are always there

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

ANonymous

Easy to work with and very understanding and best of all fast!

5 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Pryce Richards Pompano Beach, FL

I've used this company before, and they're very efficient. They're user friendly, and it's easy to upload documents to obtain the loan. I was helped by a very congenial young person!

4 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Camilli Seawright Cedar Hill, TX

This is a very friendly and professional company. They answered my questions quickly, and they were very compassionate towards me. They ensured the whole business loan process was easy for me.

4 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

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.

4 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star_border star_border

Randall Dailey Paris, KY

The terms of the loan made it slightly difficult for me to receive it. I think their customer support is difficult to work with, since I've had to work with so many different people.

4 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

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.

4 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star_border

Anonymous Albuquerque, NM

So far I haven't had any problems with this company. Their customer support is easy to deal with, and they've been the right option at this time for me.

4 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Cheri Bovee Corinth, NY

This company's customer support is great, and their business loans are easy and very convenient to get. I'm very happy with their simple process.

4 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Aman Yehdego Columbia City, IN

Rapic Advance has competitive rates and pricing. The loans are easy to manage, and the customer support builds relationships more than anything. It's a very personable company to work with.

4 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Dominique Salisbury, MD

They were helpful and gave us good deals

4 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Gil Warminster, PA

Easy company to work with great communication and very fast turn around

4 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Bendtowncars of Central Oregon

They are excellent to work with and really care about the success of their customers

4 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Jayson G&S Auto Clinton, MD

Rapid Advance has helped me with 5 separate loans, the process is very simple and the approval and funding process is very fast.

4 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Olivia Dawson Monroe, NC

easy to work with and they are quick to respond

4 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Anthony Birch

Easy process, very quick and professional.

4 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Emry Corlew Lafayette, IN

Easy to work with always get my money quickly. Politely and professional would recommend.

4 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Yonikka Tinsley and Kiesha Daniels

They are always looking to see if I need any help.

4 years ago

star star_border star_border star_border star_border

Steven Forest City, IA

as advertised it said 500 credit score minimum for help, they want 680+

4 years ago

star star_border star_border star_border star_border

Jane North Attleboro, MA

After they promised to offer me a loan, they asked me to send my personal Informations; drivers license, a voided check of my company, my company EIN number, basically everything someone can use for an identity theft. Literally in less than 45 minutes after they received all requested personal documents via email, they emailed me a denied letter.

4 years ago

star star_border star_border star_border star_border

Marlene Vincentown, NJ

just kept sending me in circles to different websites

4 years ago

star star_border star_border star_border star_border

Donald Cochrane Tacoma, WA

i didn't like anything about the experience with them they told me I was approved then later send me a message I am declined , gave my credit a hit for nothing , I had 747 with no negative marks or late pays and they declined me because of companies like theirs hitting my credit and not coming through

4 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Lori Warner

Helped me out alot, very good at getting right back to me every time I need them

4 years ago

check_circle

Verified Customer

check_circle

Review Source

star star star star star

Juanita Cuellar San Antonio, TX

I been doing business with them for a few years very professional and helpful.

4 years ago