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Rapid Finance

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LAST UPDATED: May 5th, 2022

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. 

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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.

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Highlight: Rapid Finance offers a wide range of loan dollar amounts. 

Many lenders in the industry have much higher minimums and much smaller maximums. The wide range offered by Rapid Finance gives potential borrowers more options based on their specific cash flow needs, large or small. 

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
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The Bottom Line

Overall, Rapid Finance has some great options available for the small business owner, including a merchant cash advance, asset based loan, 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 online lender 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 customers' experiences with a Rapid Finance business loan.  

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Star Rating

4.8

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486 Reviews

Review Breakdown

5 grade

88%

4 grade

6%

3 grade

1%

2 grade

1%

1 grade

4%

Sentiment Criteria

Value

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Quality

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Service

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Featured Review

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Verified Customer

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5

Rapid Finance jumped on the ball and took care of things so that's how we wound up with them. There was passion with what they were doing. They came beside you and that was the most important part for me, getting somebody to help me out when I needed it. They took charge and began to ask questions that were relevant to get the loan. It was two or three days of calling back and gathering information. Their work ethic was good. At the beginning I was very nervous about asking for the loan thinking that no one would help me out but then they had the confidence in what they did and were able to help me out. It was a great great help.

3 years ago

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Reply from Rapid Finance

Thanks for the awesome review, Samuel! We work hard to meet expectations like yours, and we’re happy to hear we hit the mark for you. Cheers!

Apr. 19th, 2019

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Featured Review

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Verified Customer

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Review Source

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5

I went with Rapid Service because they were the easiest to work with. They were fast and they did what they said they were going to do. They were lovely to work with. It was very easy to apply. The terms were some of the best we found and they made it very easy to help us through each step of the way answering any questions we had.

3 years ago

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Reply from Rapid Finance

Thank you so much for sharing your experience with Rapid Finance.

Apr. 19th, 2019

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Shane Taylor Hartselle, AL

Shawn and Tyler were great to work with. Very fast turnaround time on getting funding deposited quickly. Owning a small business can be tough when working with local banks on getting funding to help when cash flow is low. The line of credit worked great for my short term cash flow issues. This being a 12 month program will and should encourage you to pay off your balance as quickly as possible. This program is not designed for long term debt but to help solve short term cash flow issues. At least that is what I am using it for. Happy to know they are helping small businesses out when needed.

4 weeks ago

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Mason Martin Atlanta, GA

My name is Mason I dealt with Andrew N from Rapid Finance. He done a great job and made it a very pleasant experience! He was very professional and had a good honest vibe about him. He didn't try and pressure me or sale me on anything I did not want. He didn't waste my time he knew exactly what he was doing and got straight to it. The phone time was literally just a few minutes. He was really helpful and informational and it went exactly how he said it would from the beginning. No going back and forth he was upfront and honest about how it would go from the start. Literally just 2 or 3 minutes on the phone then application took less than 10 minute. Then he transferred it to the underwriters and they done a great job also! they were very quick and great to deal with also! Great team they had me the funding that same day! They have a great user-friendly platform also where you can easily see all your account information and details.

1 month ago

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Susan Feagin Moncks Corner, SC

Excellent experience. My credit is in the process of rebuilding. They looked at me & my business as a whole and gave me a much appreciated opportunity to establish business credit for my inventory expansion. I would highly recommend!

3 weeks ago

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Office Manager Venice, FL

My counselor, Donovan S, made this process incredibly easy. This is the first non-bank financing I've ever applied for and my comfort level with Mr. Donovan helped me give him information I've only previously given to bankers. I'm not sure how you determined the potential of my business, but you were right, and I look forward to working with you.

1 month ago

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Hector Martyr Harker Heights, TX

Derin D did an excellent job with fulfilling my business needs. He possesses an extreme high level of professionalism. Credibility without blemish at keeping his word. I’m so thankful to have him as the representative for my business.

1 month ago

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Final Clean Express Huntsville, AL

Anton M is the best. I really needed funding for my small business to cover expenses. The entire process took less than 24 hours. He is really professional and detail-oriented. Everything ran smooth and nothing was overlooked. I strongly recommend Anton M. He really cared about me and my business. I will use him again for sure.

1 month ago

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Maye McDonald Silver Spring, MD

I am impressed how Rapid Finance made my loan as quickly as possible, We have super smooth transaction, They explain everything clear .Thanks to Shawn who is patient and made this possible. Rapid Finance is great company to work with.

1 month ago

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Paul Buck Hastings-on-Hudson, NY

Ian M was very straightforward and helpful through the process. He explained the process and answered my questions and patiently guided me through the various attachments needed to be provided for the agreement. Also, he was there when needed and followed through with the scheduled phone calls and emails that we discussed. Very personable and knowledgeable person to be dealing with!

1 month ago

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Mitchell Haller Salt Lake City, UT

My relationship with Rapid Finance is still new but so far Zach S has been great. We ran into a few problems but Zach assertively found a way to resolve them or push past them. The communication was great throughout the application process and as additional issues came up.

1 month ago

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ravenmaniacle Rio Rancho, NM

Prachi was very pleasant and efficient; she made the entire process extremely easy and explained the interest and repayment process clearly. I was able to access funds by the end of the day. I am very pleased with the help I have received.

1 month ago

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Against harassment from Creditors Tampa, FL

I dealt with Jonathan F and Natalie there. Jonathan was horrible. Ot got to the point I felt u would be better off dead due to his scare tactics. I would not recommend this company. If I could turn back the hands of time, I would rather vacuum a beach then to ever do business with this company. They act as if covid didn't affect nearly 90% of businesses.

1 week ago

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Reply from Rapid Finance

Thank you for providing additional information so that we could confirm your account. For the past couple of years, Rapid Finance has continued to try and work with you regarding the balance on your business account. We would very much like to work with you to resolve any of your concerns. Please reach out to us at 866-224-1162 to address your concerns. Thank you.

May. 13th, 2022

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Dust Off Sacramento, CA

Having the Support of Rapid Finance at times like this (COVID) my staff & i are grateful they give me that piece of mind. Olivia, is always available (she’s the advisor who looks out for my business) Gracias for always being there for Dust Off.

2 months ago

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Jeffrey Rosenberg New York, NY

David was very professional. He supplied us with view options for funding. He answered all my questions. When we decided on an amount and term that worked for my company, we were funded within 8 hours I highly recommend David and Rapid Finance. I would go back to them if I need additional funding.

2 months ago

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Susan Hegedus Irvine, CA

Phillip was very polite and thorough. Vicki was very sweet and finished up with a few questions. I wasn't sure if we were going to get the loan. Although we were approved for a bit less than what was asked for, from the time we answered their first call, to the day we received funding was less than a week!

2 months ago

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Ed McBride Palm Springs, CA

I highly recommend Rapid Finance! I researched my options and the Rapid Finance reviews were all amazing and the fact it is part of the Quicken and Rocket Mortgage family made me even more confident with selecting them. However, the Business Advisor Shawn G was the real reason I feel this was a great option and he worked very hard to win my business! He worked over the weekend and every time I had a question he was quick to respond and always had what I needed for completing the transaction! He earned these 5 stars! Thanks Rapid Finance and Shawn!

3 months ago

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Ron's Appliances Valdosta, GA

A big thank you.. going out to Camron and mr B. these two guys are awesome at what they do.. I've never been approved for anything as fast as these guys work. Less than 24 hours.. And I actually got more than I expected.. I'll always reach out to them and you should too... Totally professional attitude and knew exactly what they were doing.. Thank you.. once again..

3 months ago

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Hope Gonsalves Dallas, TX

Chance P went above and beyond meeting my business needs. Was flexible with my availability to run my business and get back to him in-between appointments by phone & email. It took me a couple days to get the D needed, but that didn't deter him from assisting me accordingly. A decent funding amount was offered as a starting point with room to increase in the future. He had it in my bank act within hours once all paperwork and contracts were complete. I'm thankful for his service!!!

3 months ago

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Donald Snyder Willow Creek, CA

OUTSTANDING EXPERIENCE! If you use this company (you should) ask for Melissa to be the one assisting you. She worked around my hectic schedule. She went above and beyond to present me with good options and even took the initiative to look into a different line of lending that wouldve saved me money and worked better for my business model. She knew the ins and outs of every option and explained them in a clear and complete way. And when i told her i had a shory window of time she had the best contract in front of me in one day and answered all of my questions about it. If i need financing again, I'm going back to her. I can't tell you how great this service was. I will absolutely be recommending Rapid Finance.

5 months ago

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Verified Customer

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Turk Automotive Inc Hawkinsville, GA

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.

4 years ago

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Roderick Miller Bloomfield, NJ

True life saver Benjamin who helped me went above and beyond to help me get money to help my business along truly satisfied

2 weeks ago

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Mr B

Professional, patient and went above and beyond! Very thorough, which I appreciate. Not easy securing starting business funding, they stuck with it, appreciate it!

1 month ago

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1st Rate Plumbing Brownsville, PA

I just received our funds, and I must say the process was easier than I expected. Shawn was great to work with and I couldn't be happier with the service I received.

1 month ago

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Melinda Ridgeland, MS

The payback amount is manageable, and they offer a prepayment discount which is great. The guys I worked with were awesome and were of assistance every step of the way. Funding was fast and easy!

2 months ago

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Eric Shipe Alexandria, VA

Excellent experience.. offered a loan as well as a line of credit. I went with a line of credit as that was best suited for my current needs. Funded same day, incredibly fast.

2 months ago

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Quinton Taylor Tacoma, WA

Donovan and his team did an excellent job of keeping us updated step by step in the process of getting financing and I couldn't be happier with how that process went! Super simple and easy!

2 months ago

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CARL SMITH Jersey City, NJ

My honest opinion: I have used five (5) financing companies over the past seven years. Based on the expediency and efficiency of Rapid Finance, I consider them, undoubtedly, to be the best in the business.

2 months ago

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Edward Kozlowski Head of Westport, MA

Connor, at Rapid, is an absolute Rock Star! Prompt, Candid, and Effective. Having been in a "tight spot", with less than perfect credit, Connor was exactly what and who I needed.

2 months ago

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Aubrey

I feel like it’s hard to get a business loan with good interest rates, but I was pleasantly surprised with rapid Finance. I got a 50k loan for my LLC and my business has gone from a side hustle to my main source of income.

1 month ago

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FRESH AND MEATY INC Carson, CA

My experience with Rapid Finance was absolutely seamless! The one on one consultations with their phenomenal team is fantastic! If you are able to provide all of the necessary documentation, they are able to assist with your financial needs! I strongly recommend this company!

3 months ago

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Shannon Smith Fort Lauderdale, FL

My experience with Rapid Finance was amazing, I was assigned to Chance as my Business Advisor during this process. He was consistent and helped me get my business funds in need. The journey was long but was worth the experience.

3 months ago

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Ari Brinnon, WA

Working with Conner at Rapid Finance was absolutely wonderful. He made the process go very smooth. From the initial phone call to the last phone call, he communicated the process well and answered all the questions I had. I am happy that I got the opportunity to work with Conner.

3 months ago

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Julie Yonkers, NY

Rapid Finance really lives up to their name. Quick funds for your needs and great customer service. Melissa was extremely helpful and kind. She made sure everything was on point and was one of the most attentive people I’ve ever worked with.

3 months ago

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JESSICA POLANCO

Andrew was great and assisted me and my business with our funding needs. Thanks to him and Rapid, our company was able to purchase a new trailer and thus increase our revenue! I received a high number of calls for funding but his professionalism and work ethic made me go with rapid!

3 months ago

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Sergio Martin San Antonio, TX

Donovan goes straight to the point, knowledgable, the plans outlined provide the right solutions to our funancial needs and what was discussed was at plain sight in paper, in a way that the contract was easy to sign with confidence.

3 months ago

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James E [Jim] Holmes Kent, WA

From the first working with Danielle G was a great experience. She listened to my woes and had two working proposals within 24 hours. Although there were some glitches and hiccoughs along the way we overcame the hurdles and mastered the process and completed the loan in a timely manner as possible. Also a big thanks to Alex P and Kathleen B for their helping hands and timely phone calls/emails which moved us in the right directions. Overall just a GREAT BIG THANK YOU!!! Jim. Have a wonderful Christmas and a even Happier New Year.

4 months ago

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Timothy Hundley New Boston, TX

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.

4 years ago

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Tim Cross Canton, OH

The progress was very easy and professional during the progress and the funds were fast to your account. Thank you !

4 weeks ago

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Eminent Quality Care Milwaukee, WI

Anton was extremely knowledgeable, patient and honest about every step in the process! Excellent follow-up and follow through!

1 month ago

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Benedicta Awere-Malik Gainesville, GA

The entire process was smooth and easy. Hassle free. I was made to feel like my business was very important to them which meant a lot to me. Thank you!

2 months ago

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Richie Knoxville, TN

From start to finish, financial advisor Joel was professional, knowledgeable, and expert. Will definitely do business with Rapid Financial again. Thank you

2 months ago

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Prince Cleaning, LLC Lexington, KY

The best experience I’ve ever had. Fast, easy and so willing to help. This great company has set my business in a different arena now. Ken is amazing at his job. So professional and experienced.

3 months ago

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Tom Butler Falls Church, VA

Donavan was awesome to work with. He made sure we knew everything minute by minute. I would definitely recommend rapid finance to anyone in need of a loan. Thank you The Butlers

3 months ago

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Javier Melendez New York, NY

The gentlemen who helped me through the process were courteous and diligent. They were very knowledgeable and accommodating to my needs. I would recommend their services to anyone seeking finances.

3 months ago

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Narek Harutyunyan Yorba Linda, CA

Thanks so much! its was fast and easy process, after signing the agreement, the money was deposited to my account early in the morning. Thanks to Rapid Finance, and for taking my business seriously. Thanks, Narek A

3 months ago

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Bambi Hickey Flint, TX

Andrew was amazing! He was super helpful from the first call and made sure I was informed all the way through. He was kind, professional and great to work with. He made the process easy!

3 months ago

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Christopher Hess Madison Heights, MI

Olivia has helped my business in a couple different satiations. she was fast and has gone above and beyond, thank you Olivia for all you have done for Veterans Auto Repair Center.

3 months ago

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Courtney T Burnett Minneapolis, MN

Very personable and understanding, knowledgeable and articulate with her choice of words, most of all she seems very motivated to get you the funding you need on a realistic practical level, she does not seem to just want the sale, she want you to succeed in building longstanding profitable and prosperous relationships with the client.

4 months ago

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Shirley DeGrasse San Antonio, TX

I’m A Small business owner. I needed a loan to help grow my business. My Advisor was Tyler B. Tyler made the process so incredibly easy. He seemed to listen to my needs and help me find a solution. Very Professional. I reached out to Rapid Finance and within 3 days I was funded. Many Thanks, Shirley D Home Marketplace on 3rd

4 months ago