Rapid 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.
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.
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.
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.
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.
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.
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.
Rapid Finance does not service the following business types:
R&R Auto Supply
Easy to work with, very professional, fast response
Wonderful customer service, They care about their customers
great fast an easy steps to getting you aproved an have money transfered to your account
Great prompt and helpful customer service as always
My associate Joel made it easy to get funded.
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.
They were willing to work with me when others would not. I also appreciated the honest and upfront communication.
Professional staff. Quick loan process.
sloppy with paperwork, tried to get additional funds and their back end was all screwed up
They easy to get a hold of and to work with
27% split has put me out of business. Never told the loan term was a couple months and I am a repeat customer
Easy to work with , simple requirements, simple application fast answers
Great communication! And follow up until the job was done!
Planet Kidz, Inc.
Professional beyond other companies worked with.
They are very quick to reponse and are very friendly and have many options to meet my needs
they were easy to work with, communicated with me every step of the way, and came through with good results.
Very friendly and quick service. Their process was very simple.
Very helpful. Leading you in the right direction for your needs
Never missed a.payment and.when.i.asked.for. more.money they said they cant because we had hurricane
Fast and easy approval with painless payback options.
Great service very helpful, and always is on top of my account
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.
Professional, dependable and trustworthy.
They worked hard to help me get funded and made me feel special.
Kyla Creations INC
Fast and honest with service. Thank you
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.
I was working 4 times with them, excellent services.
Rapid Advance was very helpful and understanding of my situation
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.
always great customer service and helps my business when needed
Friendly responses / Quick service / Good followup on available product options
SO EASY TO WORK WITH, THEY UNDERSTAND OUR NEEDS & GET US WHAT WE NEED
Easy application process and fast to work with to receive the loan
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.
WILSONS ABBEY MEDI-CAB
very easy to work with, follow through and my rep always calls back within 2 hours.
Quick application and process and timely response
Small Business owner
My representative was straight forward at all times and worked hard to get me approved
They have us when we need them.low monthly pay.u don't have to worry
They always work with you regardless of your financial situation.
nothing but great service. they get it done and are very helpful
customer service is awesome and they answered all of my questions
Quick and easy to complete the application
Anna has been great with me and works with me.
I'm satisfied with service the product and the ease of processing.
Dr. Eugene Antenucci
Excellent support, quick turnaround, reasonable rates
Great customer service and very good service in financing.
They are very helpful. Very upfront and honest about their terms and how the deal will work. Their are no surprises.
Very helpful, friendly, & knowledgeable of their process.
Would like length of loan to be longer sometimes the payments on daily basis are hard to make
It's very affordable and convenient and yes easy