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:
I'm glad I went with them. The sign up process was easy and simple. The account managers are easy to work with too and don't need a lot of paperwork from you. It was simple for me to gather the information they requested. I'm a very happy customer.
Tunks Cypress Inn
I chose them because I was trying to find some funding online. They popped up so I called and talked to someone. The first time I went through the process it was pretty slow but the second time it went pretty quickly. The people there are always available to answer any question that I have and they always try really hard to give me what I need. The only thing is that, if you want to add more funds they negotiate a whole new interest rate for that instead of just adding it to the amount you already have. I thought that was a little unfair, especially since you have 2 completely different interest rates for the same loan package.
Hair Cleaners Lice Removal Clinics,
Getting the loan was pretty easy and convenient, there was no pressure at all from them. I haven't changed agents much, but the 2 I've had have been pretty clear and precise in the information they give me.
They are very helpful. They always accommodate for what I want and are just fantastic.
Just awesome customer service and help when we really need it
Holly was professional and made the process easy and our business would not be in the position it is in without their support.
Bob from Michigan
Fast service and great people make it a simple process
Quick and easy way to get needed money for your business.
Jas mine Lockhart
Very Professional very respectful of your privacy
Advisors were helpful, prompt, and smart
Great fast service . Money was deposited in a timely manner . And device was excellent
Their loans are like loan shark loans and prey on business owners that are in a financial bind. I have reached out on several accoassions to work out payment details and have received no response. I will never borrow fromt hem again.