Rapid Finance

• 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. 

• 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

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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