- Rapid Finance
Rapid Finance
check_circle VerifiedSmall 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.
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 finance brokers for equipment leasing, credit card processing, asset based loans, and invoice factoring so pay close attention to the terms and conditions set forth by your direct lender.
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.
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.
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.
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
The Bottom Line
Overall, Rapid Finance has some great options available for the small business owner, including a merchant cash advance, a 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 lending option 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 the customer experience with the lender.
Call our recommended rep over at Rapid Finance below.
1-(866) 564-3221
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User Reviews
Star Rating
215 Reviews
Review Breakdown
Sentiment Criteria
Verified Customer
Dennys Automotive inc
very helpful there when you need them always willing to try harder to make it happen
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.
Verified Customer
R&R Auto Supply
Easy to work with, very professional, fast response
Verified Customer
Olivia Dawson
Wonderful customer service, They care about their customers
Verified Customer
Eric Reyes-Calderon
great fast an easy steps to getting you aproved an have money transfered to your account
Verified Customer
Joe LaFalcia
Great prompt and helpful customer service as always
Verified Customer
Joel
My associate Joel made it easy to get funded.
Verified Customer
Fern
I"ve worked with Rapid Advance for a couple years now and we are very happy with how fast and easy is the process of getting funded.
Verified Customer
Brad N
They were willing to work with me when others would not. I also appreciated the honest and upfront communication.
Verified Customer
Harb LLC
Professional staff. Quick loan process.
Verified Customer
Whatever
sloppy with paperwork, tried to get additional funds and their back end was all screwed up
Verified Customer
Dawn
They easy to get a hold of and to work with
Verified Customer
Doesnt matter
27% split has put me out of business. Never told the loan term was a couple months and I am a repeat customer
Verified Customer
Rhino truck
Easy to work with , simple requirements, simple application fast answers
Verified Customer
CAM
Great communication! And follow up until the job was done!
Verified Customer
Planet Kidz, Inc.
Professional beyond other companies worked with.
Verified Customer
Mariana
They are very quick to reponse and are very friendly and have many options to meet my needs
Verified Customer
Tammy C
they were easy to work with, communicated with me every step of the way, and came through with good results.
Verified Customer
D.S.
Very friendly and quick service. Their process was very simple.
Verified Customer
Custom ventilation
Very helpful. Leading you in the right direction for your needs
Verified Customer
Richard ford
Never missed a.payment and.when.i.asked.for. more.money they said they cant because we had hurricane
Verified Customer
Shane
Fast and easy approval with painless payback options.
Verified Customer
Mike .moose
Great service very helpful, and always is on top of my account
Verified Customer
unknown
poor customer service. Promised loan in certain amount of time, it came in 5 days later. Missed one payment because I was traveling. Wouldn't waive the fee.
Verified Customer
Kisha Daniels
Professional, dependable and trustworthy.
Verified Customer
TG Duffy
They worked hard to help me get funded and made me feel special.
Verified Customer
Kyla Creations INC
Fast and honest with service. Thank you
Verified Customer
CEO from NY
Very responsive and professional; Rapid Advance is a standout go to source for fast funding for growing companies. They have come through for us every time we reached out to them.
Verified Customer
Patricia
I was working 4 times with them, excellent services.
Verified Customer
Nick Scallion
Rapid Advance was very helpful and understanding of my situation
Verified Customer
Best customer service
My business advisor, Ms. Maryam S, keeps me posted and gave me options on how to reschedule my loan and add more funds. Turnover time is also fast.
Verified Customer
Subs 88
always great customer service and helps my business when needed
Verified Customer
VJ
Friendly responses / Quick service / Good followup on available product options
Verified Customer
Buzz's
SO EASY TO WORK WITH, THEY UNDERSTAND OUR NEEDS & GET US WHAT WE NEED
Verified Customer
Tracy
Easy application process and fast to work with to receive the loan
Verified Customer
Kyle Kahn
The service is amazing! No a simple process but the great knowledge the representatives have make it and easy process. Loved everyone I have worked with.
Verified Customer
WILSONS ABBEY MEDI-CAB
very easy to work with, follow through and my rep always calls back within 2 hours.
Verified Customer
Shipley
Quick application and process and timely response
Verified Customer
Small Business owner
My representative was straight forward at all times and worked hard to get me approved
Verified Customer
Smith jasmine
They have us when we need them.low monthly pay.u don't have to worry
Verified Customer
NSBS
They always work with you regardless of your financial situation.
Verified Customer
Lauck Motors
nothing but great service. they get it done and are very helpful
Verified Customer
Angel Upholstery
customer service is awesome and they answered all of my questions
Verified Customer
Pig Daddy's
Quick and easy to complete the application
Verified Customer
Marianne
Anna has been great with me and works with me.
Verified Customer
Nice
I'm satisfied with service the product and the ease of processing.
Verified Customer
Dr. Eugene Antenucci
Excellent support, quick turnaround, reasonable rates
Verified Customer
Stewart snacks
Great customer service and very good service in financing.
Verified Customer
Patrick
They are very helpful. Very upfront and honest about their terms and how the deal will work. Their are no surprises.