Small 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.
Rapid Finance provides a variety of financing options for lots of differing borrower needs, including the following:
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:
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:
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.
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.
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.
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.
Rapid Finance does not service the following business types:
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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.
Easy to work with especially on business growth
No problems quick cash and great customer service everytime
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
Lied during and after Application process
They make getting funding an easy and simple process. Great customer service. Great staff
Easy to work with and very quick approval been with for about 3 years
Maryam Sadik/ Anthony Birch
My customer service representatives have been caring and interested...not only in the financial aspects of my business but in the happenings of my family and life. That's rare.
Misleading rates. Not interest rate but actually a few so you can't pay it off.
My Sisters Closet & Boutique
Knowledgeable and easy to work with. Quick service
Rapid advance delivered. Good follow up. Quick funding!
The representatives are very quick to work with your situation to help expedite funding.
I been doing business with them for a few years very professional and helpful.
Awesome customer service and flexible to the needs of the customer.
They allways are efficient and prompt with there services, first time is allways challenging but once a relationship is built it's literally same day service!
Interest way too high. Not worth borrowing what I did. Never again. Learned my lesson.
Helped me out alot, very good at getting right back to me every time I need them
i didn't like anything about the experience with them they told me I was approved then later send me a message I am declined , gave my credit a hit for nothing , I had 747 with no negative marks or late pays and they declined me because of companies like theirs hitting my credit and not coming through
as advertised it said 500 credit score minimum for help, they want 680+
After they promised to offer me a loan, they asked me to send my personal Informations; drivers license, a voided check of my company, my company EIN number, basically everything someone can use for an identity theft. Literally in less than 45 minutes after they received all requested personal documents via email, they emailed me a denied letter.
just kept sending me in circles to different websites
Jayson G&S Auto
Rapid Advance has helped me with 5 separate loans, the process is very simple and the approval and funding process is very fast.
easy to work with and they are quick to respond
Easy process, very quick and professional.
Easy to work with always get my money quickly. Politely and professional would recommend.
Yonikka Tinsley and Kiesha Daniels
They are always looking to see if I need any help.
They were helpful and gave us good deals
Easy company to work with great communication and very fast turn around
Bendtowncars of Central Oregon
They are excellent to work with and really care about the success of their customers
I've used this company before, and they're very efficient. They're user friendly, and it's easy to upload documents to obtain the loan. I was helped by a very congenial young person!
This is a very friendly and professional company. They answered my questions quickly, and they were very compassionate towards me. They ensured the whole business loan process was easy for me.
I'm happy I went with Rapid Advance, because they've helped me with what I needed. It was pretty easy to obtain a loan through them. Their customer support was easy to work with, and they answered any questions I had at any time.