- 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 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.
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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Learn MoreUser Reviews
Star Rating
282 Reviews
Review Breakdown
Sentiment Criteria
Verified Customer
David
Most experienced, quick approval and great customer service. Everything went very smooth and simple. They did a very good job.
Reply from Rapid Finance
Sep 11, 2019
Hi, Thank you so much for sharing your experience with Rapid Finance.
Verified Customer
Daniel
Great customer service skills and promptly return your calls. The loan process was quick and easy.
Reply from Rapid Finance
Sep 11, 2019
Hello, Thanks for the excellent review! We work hard to meet expectations like yours, and we’re happy to hear we hit the mark for you. Cheers!
Verified Customer
Valentin
They were easy to work with and they really helped me through the whole process.
Reply from Rapid Finance
Nov 16, 2020
Thanks for sharing your experience with us! We appreciate the positive feedback and are glad we could be a part of your business' growth😊
Verified Customer
Kady
I selected them because they were fast. Initially they were great, but I had some issues with getting funded the second time around and it was a bad experience.
Reply from Rapid Finance
Sep 11, 2019
Hi, Thank you so much for sharing your experience with Rapid Finance.
Verified Customer
David
Rapid Finance has best rate I could get for money. It was just very very easy to to apply and then they do whatever I need to close out the transaction.
Reply from Rapid Finance
Sep 11, 2019
Hello, Thanks for the excellent review! We work hard to meet expectations like yours, and we’re happy to hear we hit the mark for you. Cheers!
ROBERT CRISP
VERY PROFESSIONAL, BUT THEIR RATES ARE RIDICULOUS. PLUS 700 SCORE, GAVE THEM SIX MONTHS OF BUSINESS BANK STATEMENTS, BEEN IN BUSINESS 5 PLUS YEARS, NO DINGS ON MY CREDIT AND WANT A 25% INTEREST ON A 12 MONTH 15K DOLLAR LOAN!! NO THANKS!!!
Reply from Rapid Finance
Aug 09, 2019
Hello, Thank you so much for sharing your experience with Rapid Finance. We hope you will reconsider working with us in the future.
Verified Customer
Tacora Steel
Excellent customer service great product the delivery time was what they promise overall great experience
Reply from Rapid Finance
Jul 12, 2019
Thank you so much for your kind words. We really appreciate you taking the time out to share your experience with us.
Verified Customer
Pam
Very helpful in helping with loans and explaining terms
Reply from Rapid Finance
Jul 12, 2019
Thank you so much for sharing your experience with Rapid Finance.
Verified Customer
KEVIN
EASY STRAIGHT FORWARD SERVICE POLITE STAFF
Reply from Rapid Finance
Jul 12, 2019
Thank you so much for sharing your experience with Rapid Finance.
Verified Customer
John
Quick,professional.Anna was very knowledgeable of everything
Reply from Rapid Finance
Jun 28, 2019
Hello, Thank you so much for sharing your experience with Rapid Finance.
Verified Customer
Joel Hulen
It was unclear to me that I would NOT save money by paying off the loan early. You pay the high fee whether you pay off the loan at the end of the term, or within one month.
Reply from Rapid Finance
Jun 28, 2019
Hello, All feedback is important to us. We strive to provide excellent customer service and would love to speak to you further. If your schedule permits, please reach out to our Client Service team at 240.514.1962.
Verified Customer
Winton Herrin
fairly quick and easy to do business with
Reply from Rapid Finance
May 20, 2019
Hi Winton. Thank you so much for sharing your experience with Rapid Finance.
Verified Customer
Dale
Cooperative and helpful at a time that we needed their services
Reply from Rapid Finance
May 06, 2019
Hi Dale. Thank you so much for sharing your experience with Rapid Finance
Verified Customer
Alice Stewart
Effective & efficient. Quick solutions great response time
Reply from Rapid Finance
May 06, 2019
Hi Alice. Thank you so much for sharing your experience with Rapid Finance
Verified Customer
Debb Riston
Very Helpful , Fast Return and Great Customer Service , have used three times now and the turn around and commutation was out standing
Reply from Rapid Finance
May 06, 2019
Hi Debb. Thank you so much for sharing your experience with Rapid Finance
Verified Customer
Sam Bober
Completely honest and very easy to work with. They don't bug you, or lie. They also have a nice portal where you can see your account daily.
Reply from Rapid Finance
Apr 24, 2019
Thank you so much for sharing your experience with Rapid Finance.
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
Blanca
whenever I have questions, they give me the answers immediately. Thank you Jasmin Lockhart
Reply from Rapid Finance
Apr 24, 2019
Thanks a lot for the positive feedback! Our client's satisfaction is our utmost priority and we appreciate your trust in Rapid Finance. Hope you have a wonderful day!
Verified Customer
Lisa simmons
They stay on top of your financial needs
Reply from Rapid Finance
Apr 24, 2019
Thank you so much for sharing your experience with Rapid Finance.
Verified Customer
Giovanni
Very. Satisfaction Very professional. Very. Attend.
Reply from Rapid Finance
Apr 24, 2019
Thank you so much for sharing your experience with Rapid Finance.
Verified Customer
Charles Simms
Kisha D, first class great customer service
Reply from Rapid Finance
Apr 24, 2019
Thank you so much for your kind words. We really appreciate you taking the time out to share your experience with us.
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
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
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
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
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
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
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
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
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
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
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
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
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.
Reply from Rapid Finance
Nov 16, 2020
Thanks for sharing your experience with us! We appreciate the positive feedback and are glad we could be a part of your business' growth😊
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.
Reply from Rapid Finance
Nov 16, 2020
Thanks for sharing your experience with us! We appreciate the positive feedback and are glad we could be a part of your business' growth😊
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