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Rapid Finance

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9.9

Overall Score

LAST UPDATED: September 23rd, 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.

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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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Star Rating

4.8

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515 Reviews

Review Breakdown

5 grade

89%

4 grade

6%

3 grade

1%

2 grade

1%

1 grade

4%

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Featured Review

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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.

3 years ago

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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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5

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.

3 years ago

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Reply from Rapid Finance

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

Apr. 19th, 2019

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Geordano Arriaga Charlotte, NC

We worked with Melissa S., she was amazing! Understood our needs and did her best to get us the best rate possible. Communication was great! She always responded within minutes and was very knowledgeable with everything. We highly recommend Rapid Finance!

1 week ago

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Patrick Yearly Centreville, VA

Ben S was outstanding. He was very professional, patient with my many questions and always prompt in his phone calls. He made me quite comfortable with the whole process and I certainly felt I had made the right decision selecting Ra[id Finance as I had been approached by numerous other lenders. My only regret is that I can't continue to work with Ben as now I have been transitioned to a Client Loyalty Specialist who also impressed me with my first interaction with her. People like Ben are extremely hard to find for companies in today's environment.

1 month ago

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Jake Hathaway Northborough, MA

I responded to an email from Lending Tree and started receiving email solicitations, of which, many were deceptive in nature, stating that my application was incomplete or that I was "a step away" from funding. During this time I received a very professional email from Melissa S at Rapid Finance. She was never deceptive or sneaky, and was very helpful walking me through their application process. I felt completely satisfied with their process and it took less than a day for them to complete my request for funding, I would highly recommend Rapid Finance to any small business that needs capital! Jake Hathaway Owner

2 months ago

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Ms. McGann FL

Andrew N at Rapid finance reached out to me and had all funding approved and deposited in just one day. He was incredibly helpful and attentive. He is highly professional and knowledgeable about the products available. He helped us navigate what was best for our business. Thank you so much. I will definitely recommend him and Rapid Finance anyone in the industry I know. I couldn’t be happier with how wonderful the staff is. Olivia who is handling my account for future services is amazing. Great staff. Thank you so much!

2 months ago

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Sherman McCoy Little Rock, AR

Benjamin S with Rapid Finance made the entire process far easier and simpler than we possible could have imagined. He kept us updated and well informed during the entire application process, right up to when the funding was in our bank account. After our introduction to our account representative, Jasmine L, we are looking forward to working with her for any possible financial needs we may have in the future. We had received offers from four other financial lending companies. Rapid Finance is by far the easiest to work with and have the most reasonable rates we've been able to find.

2 months ago

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DEBORAH JACKSON Rochester, NY

They are very polite, professional, and accurate, and you will receive your funds same day or next day. Very reliable company.

1 week ago

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LeatherDaddySkinCo Albuquerque, NM

Shawn and the Rapid Finance team made the entire process smooth and easy. It took less than 24 hours to apply and get funded. Shawn guided me every step of the way and answered all of my questions. Definitely the easiest experience.

2 months ago

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Lyndell Villa Rica, GA

Rapid Finance is the BEST EVER!!! My business advisor was Philip V. He’s super patient, professional and easy to talk to! He took his time to access the needs for my company and followed through in a very timely manner! I would definitely work with them again!

2 months ago

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TRUST FUND SOLUTIONS CO Homestead, FL

I am very pleased to say that I have received Platinum service, that is to say, Superb service from the associate Mrs. Prachi R. It is a pleasure to have her as my account representative and because of her I truly feel Rapid Finance is a winning financial institution. I look forward in speaking with R as she always answers any question or solves any issues promptly and with impeccable customer service. Thank You Prachi R.

3 months ago

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Shane Taylor Hartselle, AL

Shawn and Tyler were great to work with. Very fast turnaround time on getting funding deposited quickly. Owning a small business can be tough when working with local banks on getting funding to help when cash flow is low. The line of credit worked great for my short term cash flow issues. This being a 12 month program will and should encourage you to pay off your balance as quickly as possible. This program is not designed for long term debt but to help solve short term cash flow issues. At least that is what I am using it for. Happy to know they are helping small businesses out when needed.

5 months ago

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Mason Martin Atlanta, GA

My name is Mason I dealt with Andrew N from Rapid Finance. He done a great job and made it a very pleasant experience! He was very professional and had a good honest vibe about him. He didn't try and pressure me or sale me on anything I did not want. He didn't waste my time he knew exactly what he was doing and got straight to it. The phone time was literally just a few minutes. He was really helpful and informational and it went exactly how he said it would from the beginning. No going back and forth he was upfront and honest about how it would go from the start. Literally just 2 or 3 minutes on the phone then application took less than 10 minute. Then he transferred it to the underwriters and they done a great job also! they were very quick and great to deal with also! Great team they had me the funding that same day! They have a great user-friendly platform also where you can easily see all your account information and details.

5 months ago

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Danny phillipstoy Murfreesboro, TN

They was really understanding and very fast acting and everyone was so great to me and very professional.

1 week ago

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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.

4 years ago

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claudette excellent Wellington, FL

Good services and I will recommend my friends to Rapid Finance any time , Specially Philipp was a good help make everything went through. thank you again.

1 month ago

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April Ferguson Cincinnati, OH

Rapid was very involved from the start. The ability to connect directly from your bank to their bank saved me a lot of time. The process was very quick and easy.

1 month ago

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Beauty Box Hair Supply Houston, TX

The process was super easy with consistent and prompt communication all thanks to Joel. He was so professional and patient and did not give me loan shark vibes like other companies. I would definitely recommend!!

2 months ago

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Eric Oliver Santa Clarita, CA

Very professional, very helpful, and RAPID. They moved quickly and we had the money in our bank account pretty much the same day. They were also very patient with us, dealing with a lot of flip-flopping, evaluating different options, and so on. I would definitely do business with them again.

3 months ago

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Office Manager Venice, FL

My counselor, Donovan S, made this process incredibly easy. This is the first non-bank financing I've ever applied for and my comfort level with Mr. Donovan helped me give him information I've only previously given to bankers. I'm not sure how you determined the potential of my business, but you were right, and I look forward to working with you.

5 months ago

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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.

4 years ago

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Michael Glancy La Jolla, CA

Philip was very helpful in making sure I understood what I was getting into and all the options open to me and their cost. I feel he knew what I wanted and how to make it happen. 5 stars to Philip.

3 months ago

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Susan Feagin Moncks Corner, SC

Excellent experience. My credit is in the process of rebuilding. They looked at me & my business as a whole and gave me a much appreciated opportunity to establish business credit for my inventory expansion. I would highly recommend!

5 months ago

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Sione Folau Manhattan Beach, CA

This was actually the first lender I can trust over a phone. Aaron was super responsive and walked me step by step through the process. He was able to explain certain things that I didn't understand too well which made me committed. If you're looking for the lender or any assistance then Aaron is the guy you want to speak with. Highly recommended!

5 months ago

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Hector Martyr Harker Heights, TX

Derin D did an excellent job with fulfilling my business needs. He possesses an extreme high level of professionalism. Credibility without blemish at keeping his word. I’m so thankful to have him as the representative for my business.

5 months ago

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Final Clean Express Huntsville, AL

Anton M is the best. I really needed funding for my small business to cover expenses. The entire process took less than 24 hours. He is really professional and detail-oriented. Everything ran smooth and nothing was overlooked. I strongly recommend Anton M. He really cared about me and my business. I will use him again for sure.

5 months ago

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Ed McBride Palm Springs, CA

I highly recommend Rapid Finance! I researched my options and the Rapid Finance reviews were all amazing and the fact it is part of the Quicken and Rocket Mortgage family made me even more confident with selecting them. However, the Business Advisor Shawn G was the real reason I feel this was a great option and he worked very hard to win my business! He worked over the weekend and every time I had a question he was quick to respond and always had what I needed for completing the transaction! He earned these 5 stars! Thanks Rapid Finance and Shawn!

7 months ago

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Ron's Appliances Valdosta, GA

A big thank you.. going out to Camron and mr B. these two guys are awesome at what they do.. I've never been approved for anything as fast as these guys work. Less than 24 hours.. And I actually got more than I expected.. I'll always reach out to them and you should too... Totally professional attitude and knew exactly what they were doing.. Thank you.. once again..

7 months ago

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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!!!

8 months ago

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5

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.

3 years ago

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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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4

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.

3 years ago

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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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5

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.

3 years ago

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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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5

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.

3 years ago

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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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5

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.

3 years ago

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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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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.

3 years ago

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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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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

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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.

4 years ago

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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

4 years ago

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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!!

4 years ago

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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.

4 years ago

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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.

4 years ago

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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.

4 years ago

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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.

4 years ago

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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!!

4 years ago

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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.

9 months ago

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Adrian Titsworth Oklahoma City, OK

First off Prachi R was awesome through the whole process! Very Professional and would recommend too others!

1 month ago

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Release NHP Seguin, TX

Roshawn quickly worked to find funds for me, for a difficult industry to find funds for. I definitely appreciate the effort put forth

2 months ago

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Amira Martin Hornell, NY

Very fast and when needed! Applied one morning and received the necessary funds the next day. Great customer service as well.

2 months ago

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Maye McDonald Silver Spring, MD

I am impressed how Rapid Finance made my loan as quickly as possible, We have super smooth transaction, They explain everything clear .Thanks to Shawn who is patient and made this possible. Rapid Finance is great company to work with.

5 months ago

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Paul Buck Hastings-on-Hudson, NY

Ian M was very straightforward and helpful through the process. He explained the process and answered my questions and patiently guided me through the various attachments needed to be provided for the agreement. Also, he was there when needed and followed through with the scheduled phone calls and emails that we discussed. Very personable and knowledgeable person to be dealing with!

6 months ago