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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. 

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. 

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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. 

We'll Introduce You!

Call our recommended rep over at Rapid Finance below.

1-(866) 564-3221

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User Reviews

Star Rating

4.6
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279 Reviews

Review Breakdown

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1 star
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Cheri Bovee

June 15th, 2018 Corinth, NY DETAILS arrow_drop_down
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This company's customer support is great, and their business loans are easy and very convenient to get. I'm very happy with their simple process.

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Aman Yehdego

June 15th, 2018 Columbia City, IN DETAILS arrow_drop_down
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Rapic Advance has competitive rates and pricing. The loans are easy to manage, and the customer support builds relationships more than anything. It's a very personable company to work with.

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ANonymous

May 14th, 2018 DETAILS arrow_drop_down
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Easy to work with and very understanding and best of all fast!

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Just Past China

May 8th, 2018 DETAILS arrow_drop_down
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This is my second time utilizing this process due to a few unexpected situations in my business. I thought the fees were high but I was in need of assistance. With that being said it was a tiny bit time consuming but after they received the information it was a smooth transaction

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Anthony Birch

May 8th, 2018 DETAILS arrow_drop_down
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Great customer service and great rate and my customer agent name Anthony Birch help throw every single step without stress! I am the 2nd time using this time and I will be back again for 3rd time !! Help my business grow !! Thank you !! And god bless you!!

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amazing

May 8th, 2018 DETAILS arrow_drop_down
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everytime i need it then they are always there

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Mauricio Donoso

May 1st, 2018 Hauppauge, NY DETAILS arrow_drop_down
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At the time, they were the best option for me and my business. Customer service is very professional and quick.

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Anonymous

May 1st, 2018 Cincinnati, OH DETAILS arrow_drop_down
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I don't recall why I chose them I look at BBB better business bureau rating and it was very good in yes I'm glad I did. They are fast and efficient. I only deal with 1 person and that is Brandon he does an excellent job.

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Turk Automotive Inc

May 1st, 2018 Hawkinsville, GA DETAILS arrow_drop_down
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Actually they called me during the time I was in need and I didn't really know what to do and it just so happened that one of their column brokers called us and talked to us about it and they introduced it to us. They directed and wrap it had us in money in two days so we were excited about that. I was not aware in the beginning that it would start with one group and then I think we actually started with or something I don't know who we started with and then ended up with rapid but they were just really I mean they're really on the spot that's some things I didn't understand I had to learn later that we've we've refinance twice and we're you know what they've done is right. They're constantly following up with me on email to see if there's anything else I need telling me where I am and Malone telling me how long it would be before I could refinance if I was interested and they worked with me kill it diligently over the funding process until they were sure that I had money in my hand and I was satisfied. I just know that they're they listen to their all their very understanding is that it shows and they listen to your name and your walls and try to work with you on that level. I know in the beginning the interest rate scared me and we talked about it and they explained how after I was halfway through to the correct financing bring my season and stuff down and they were true to their word word on that side I just think you're good you're good company to do business with.

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Timothy Hundley

May 1st, 2018 New Boston, TX DETAILS arrow_drop_down
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Chosen because they were professional yes I am glad I did. They just make it easy. Every time it is simple to fill out, very helpful. They do the follow up calls and they do check on your states. They want what's best for you not necessarily about the money. Well you know I've gotten to know the people over there and after I got my first along with him now you know when I need something is just a phone call away minutes that it's a good experience.

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Iride Used Bicycles Restoration & Repairs

May 1st, 2018 St. Petersburg, FL DETAILS arrow_drop_down
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I chose them because I like the way that the money comes off of a card processing fees to pay them back. It was a little slow getting things off the ground but once they finally got things worked out it worked out just fine. They've always been very able to solve every problem. Nick R is extremely professional and very very helpful.

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Tyson Nail & Spa

May 1st, 2018 Lynwood, CA DETAILS arrow_drop_down
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I'm happy I went with them. Every time I needed them, they were there to help me out quickly. It's a good company and they give you good service. They've done everything they promised they would do.

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Champagne Images

May 1st, 2018 Goodyear, AZ DETAILS arrow_drop_down
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I called a couple of services to see who would get back to me and they were actually the first ones. I'm glad I went with them. They stood by their name, the process of getting a loan was very rapid. They got to me in a timely manner and made sure that I was satisfied.

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Jeanie Vang

May 1st, 2018 Hickory, NC DETAILS arrow_drop_down
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I went with Rapid Advance because they were able to help me with the capital that I needed. The person that helped me was good. They have good customer service skills and just get on with their job. Every time I need something, they answer right away or give me a callback as soon as possible.

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Amoy Belvett

May 1st, 2018 Brooklyn, NY DETAILS arrow_drop_down
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Getting my loan was very fast. It didn't take much time before I could get it. Someone was always there to answer my questions if I had any. The only thing is that the interest rate they give you is too high, it's at 28%.

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Yevgeniya Khaimova

May 1st, 2018 Brooklyn, NY DETAILS arrow_drop_down
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The people in customer service are very friendly, quick, and on point. Everything else is just easy, for payments they just take the money out of my account. I'm glad I went and worked with them.

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Jose Miguel Melendez Rivera

May 1st, 2018 Cleveland, OH DETAILS arrow_drop_down
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They are easy to work with and they do their job quickly. The quality of service is good too, very personal and just right for me.

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Anonymous

May 1st, 2018 Picayune, MS DETAILS arrow_drop_down
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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.

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Tunks Cypress Inn

May 1st, 2018 Boyce, LA DETAILS arrow_drop_down
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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.

Verified Customer

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Hair Cleaners Lice Removal Clinics,

May 1st, 2018 Key Biscayne, FL DETAILS arrow_drop_down
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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.

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Anonymous

May 1st, 2018 Brooklyn, NY DETAILS arrow_drop_down
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They are very helpful. They always accommodate for what I want and are just fantastic.

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Joe lafalcia

April 30th, 2018 DETAILS arrow_drop_down
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Just awesome customer service and help when we really need it

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Holly Sowa

April 30th, 2018 DETAILS arrow_drop_down
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Holly was professional and made the process easy and our business would not be in the position it is in without their support.

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Bob from Michigan

April 30th, 2018 DETAILS arrow_drop_down
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Fast service and great people make it a simple process

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Janine Aquino

April 30th, 2018 DETAILS arrow_drop_down
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Quick and easy way to get needed money for your business.

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Jas mine Lockhart

April 30th, 2018 DETAILS arrow_drop_down
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Very Professional very respectful of your privacy

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Lauren Coubert

April 30th, 2018 DETAILS arrow_drop_down
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Advisors were helpful, prompt, and smart

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AJ Matos

April 30th, 2018 DETAILS arrow_drop_down
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Great fast service . Money was deposited in a timely manner . And device was excellent

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Michael DeLuca

April 30th, 2018 DETAILS arrow_drop_down
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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.