Rapid Finance
check_circle VerifiedRapid Finance, formerly known as RapidAdvance, was founded in 2005 and has since grown to be one of the biggest names in the alternative business financing industry. With personalized customer service, competitive rates, and flexible funding options, Rapid Finance has been a preferred financing company to over 10,000 businesses.
The company's variety of financing options puts them at the forefront of the industry. Applications are not solely based on credit score, and financing amounts start at $5,000. Customers can get approved in as little as eight minutes and can receive funding in as little as 24 hours. Rapid Finance also provides a business advisor who will work with customers one-on-one in order to service every unique business situation.
The Good
- Variety of Financing Options
- High Maximum Loan Amount
- High-Quality Resources
- Customer Support
- Rapid Finance Reviews
Variety of Financing Options
Rapid Finance provides a variety of financing options for borrowers to choose from. For example, the company's small business loan is a great fit for small businesses that do not meet the criteria for an SBA loan.
Rapid Finance also provides a merchant cash advance and a line of credit option, which 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.
Through its lending partners, Rapid Finance allows customers to participate in SBA-approved bridge and long-term loans. With Rapid Finance and its partner network, businesses can receive financing ranging from $1,000 to $1,000,000 depending on gross sales.
High Maximum Loan Amount
Rapid Finance offers loan amounts up to $1 million. This is convenient for business owners who need more financial help. Many lenders in the industry only offer loan amounts closer to $500,000, giving Rapid Finance a leg up on its competition.
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.
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.
The Bad
- Does Not Fund Startup Companies
- Excluded Businesses
Does Not Fund Startup Companies
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. Rapid Finance does not provide funding for startups, so those looking for startup funding will need to look elsewhere.
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
The Bottom Line
Overall, Rapid Finance has some great options available for those in search of business financing, including a merchant cash advance, a line of credit, and small business loans. In business since 2014, the company is extremely experienced in the lending industry. In addition to offering a wide variety of financing options, the company offers a simple application process, quick approval and funding times, high-quality resources, and respectable customer support.
If you are a consumer looking for a trusted lending option and your company has at least six months in business and $5,000 or more in monthly revenue, Rapid Finance would be a great lender to look into. You can find Rapid Finance reviews below to learn more about the customer experience with the lender.
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User Reviews
Star Rating
212 Reviews
Review Breakdown
Sentiment Criteria
Verified Customer
Richard
Rates wasn't the best and they didn't approve the loan I want and got from Ondeck
Reply from Rapid Finance
Apr 24, 2019
All feedback is important to us. We strive to provide excellent customer service and would love to speak to you further. Please reach out to our Client Service team at 240.514.1962.
Verified Customer
Louis Jimenez
Very happy with the service and the quick delivery of funds, very likable people and also professional.
Reply from Rapid Finance
Apr 24, 2019
Thank you so much for your kind words, Louis. We really appreciate you taking the time out to share your experience with us.
Verified Customer
Bob Duron
Professional, easy to work with, and very responsive to my needs.
Reply from Rapid Finance
Apr 24, 2019
Thank you so much for sharing your experience with Rapid Finance.
Verified Customer
Wes Miller
Easy and fast process, email and online forms that made things very easy!
Reply from Rapid Finance
Apr 19, 2019
Hi Wes. Thank you so much for sharing your experience with Rapid Finance. -Beatrice
Verified Customer
Susan
Origin was great not as much on underwriting
Reply from Rapid Finance
Apr 19, 2019
Hi Susan. Thank you so much for sharing your experience with Rapid Finance. -Beatrice
Verified Customer
rana singh
very helpful and supportive. they made sure our questions were always answered and responded to everything in a timely manner
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for your kind words, Rana. We really appreciate you taking the time out to share your experience with us. -Beatrice
Verified Customer
Ramon R.
Extremely nice and very easy to work with.
Reply from Rapid Finance
Apr 19, 2019
Hi Ramon. Thank you so much for sharing your experience with Rapid Finance. –Beatrice
Verified Customer
ramirez
fast response, fast service, good rates, friendly
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for sharing your experience with Rapid Finance. –Beatrice
Verified Customer
Patrick Papin
Excellent customer service/ Fast turnaround for funding.
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for sharing your experience with Rapid Finance. –Beatrice
Verified Customer
Michelle Parks
Fast, friendly, courteous and professional
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for sharing your experience with Rapid Finance. –Beatrice
Verified Customer
Michelle Moore
Because the process was so fast ant the representative was so friendly and eager to help. I thank God for one of my friends for recommending this company to me. I was very pleased
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for your kind words, Michelle. We really appreciate you taking the time out to share your experience with us. -Beatrice
Verified Customer
Michael
Been using them for 4 years and their customer service and the way they operate is top notch
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for your kind words, Michael. We really appreciate you taking the time out to share your experience with us. -Beatrice
Verified Customer
Melissa
It was great working with loan officers, the amount of waiting and back and forth is a little silly.
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for sharing your experience with Rapid Finance. –Beatrice
Verified Customer
K. Baker
Flexible funding options, easy application process
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for sharing your experience with Rapid Finance. –Beatrice
Verified Customer
Jessica
I have requested in writing a dozen times for a release of my UCC from a loan paid off 4 months ago at least and have yet to receive
Reply from Rapid Finance
Apr 19, 2019
I’m sorry to hear about your bad experience. We strive to provide excellent customer service and would love to speak to you further. Please reach out to our Client Service team at 866.224.1162. -Beatrice
Verified Customer
Jenny C.
Excellent personalized customer service by well trained representatives
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for your kind words, Jenny. We really appreciate you taking the time out to share your experience with us. -Beatrice
Verified Customer
Bill Feland
Dependable. Provides a necessary service with integrity.
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for sharing your experience with Rapid Finance. –Beatrice
Verified Customer
Charles
Communication customer service guarantee
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for sharing your experience with Rapid Finance. –Beatrice
Verified Customer
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.
Reply from Rapid Finance
Apr 19, 2019
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!
Verified Customer
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.
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for your kind words, Roger. We really appreciate you taking the time out to share your experience with us
Verified Customer
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.
Reply from Rapid Finance
Apr 19, 2019
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!
Verified Customer
5
The service was quick and convenient. They let you renew the contract. The customer service was very nice. I did it online and it was just real simple and hassle free.
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for sharing your experience with Rapid Finance
Verified Customer
5
Rapid Finance is very easy to work with. It was very simple, they had a few documents and within 48 hours, it was funded.
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for sharing your experience with Rapid Finance.
Verified Customer
5
They followed up because I was a returning customer. The service was fast. The representative was professional and responsive.
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for sharing your experience with Rapid Finance.
Verified Customer
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.
Verified Customer
5
The interest rate is pretty high. They were very personable and kept in touch with the company.
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for sharing your experience with Rapid Finance. –Beatrice
Verified Customer
4
So far everything is going well. They've been very attentive and call and periodically check on you and so far it's been a very good experience.
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for sharing your experience with Rapid Finance. –Beatrice
Verified Customer
5
They are good people and the representatives are very nice.
Verified Customer
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.
Reply from Rapid Finance
Apr 19, 2019
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
Verified Customer
5
They are easy to work with. I wish their interest rate was a little bit lower, but they're pretty good.
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for sharing your experience with Rapid Finance. –Beatrice
Verified Customer
5
I chose Rapid Finance because of my past experience. They have excellent service. You submit the required bank statements and that's it.
Reply from Rapid Finance
Apr 19, 2019
Thanks for the awesome review! We work hard to meet expectations like yours, and we’re happy to hear we hit the mark for you. -Beatrice
Verified Customer
Jani King
Jasmine did all the footwork and helped us out. The customer service is professional and easy. It was very very quick and it was a good experience. They are always calling to see if we're okay with our loan and if we need anything. The follow up is really great.
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for your kind words, Jerelyn. We really appreciate you taking the time out to share your experience with us—and we agree, Jasmine is truly a gem to have on our team! We count ourselves lucky for customers like you. We look forward to working with you again in the future! -Beatrice
Verified Customer
4
Easy process and I trust Rapid Finance. This loan has worked several times in the past for me.
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for your kind words. We really appreciate you taking the time out to share your experience with us. -Beatrice
Verified Customer
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.
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for your kind words, Lisa. We really appreciate you taking the time out to share your experience with us.
Verified Customer
5
They are very nice and worked very hard for me.
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for sharing your experience with Rapid Finance
Verified Customer
5
The customer service was very good and very easy to work with. The gentleman was very professional and quick and attentive and thorough through the whole process.
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for sharing your experience with Rapid Finance
Verified Customer
4
We've been using them for a long time, for ten years. It is reliable.
Reply from Rapid Finance
Apr 19, 2019
Thank you so much for sharing your experience with Rapid Finance
Verified Customer
none
rates are high and did not inform me about ucc lien cant wait to get rid of them
Verified Customer
Brad
It's a double edge sword. I would use them for more if the payments, fees, and terms were more friendly. It's never a permanent solution to anything. It will always be a last minute option. Expensive short term cash instead of long term loans.
Verified Customer
Time Out Day Spa
Fast service! Do not need a lot of info. Cash within 2 days! Great pay back options!
Verified Customer
Meghan McGinty
Made the loan process seemless and have been very helpful throughout the process.
Verified Customer
Brian Lee
GREAT SERVICE, FAIR RATES AND FAST SERVICE
Verified Customer
Ron B
Good service, good product, professional people.
Verified Customer
?
Still expensive after being a so long time customer with them, I am not seeing a decrease in the cost...
Verified Customer
Ccs
Helpful, timely and worked with what I needed
Verified Customer
Phil lawrence
Easy to work with and good customer service
Verified Customer
Olivia Dawson
Wonderful customer service, They care about their customers
Verified Customer
Taco Gordo
Good service and fast, great costumer service and fast funding
Verified Customer
ArcMedia
They leave you alone, contact you once in a while. Always find good rates and get stuff done fast.
Verified Customer
suzanne
Very quick funding and easy application. My customer service rep was great in explaining and walking me through the whole process.