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Rapid Finance

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304 User Reviews

9.2

Overall Score

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, 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. 

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Star Rating

4.7

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304 Reviews

Review Breakdown

5 grade

84%

4 grade

9%

3 grade

2%

2 grade

1%

1 grade

5%

Sentiment Criteria

Value

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Quality

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Service

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Trustworthiness

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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.

1 year 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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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.

1 year 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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Jay Horowitz Delray Beach, FL

The Customer Representative, Ronald W. is excellent. He has been polite, respectful, persistent and knowledgeable. IF he had not continued with his follow-up we would not be in this stage. Michael G. is extremely knowledgeable. Together they brought us through this process. Sincerely, American Classic Toy, Inc. Jay Horowitz President

6 days ago

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Matthew Cox Avon, OH

Rapid Finance has provided me funding at various stages of my business. Most recently, Olivia D. has been my account representative and has provided excellent and efficient service. Olivia is a credit to Rapid Finance and I would highly recommend working with her.

6 days ago

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Jay Beckett Long Beach, CA

Our Business Advisor Mary S. went above and beyond. This is our second time with her and we couldn't be any more pleased.

1 week ago

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Christopher Sluka San Diego, CA

Ross W., a fellow pilot, really took the time to understand my business concerns and helped me find the right financing for my needs. Thanks Ross!

1 week ago

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AFM SURVEYING LLC Honolulu, HI

It was easy to work with this company and was able to get everything done online or over the phone. Rates were compatible to other companies that were making offers.

1 week ago

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Tyler Soucy Brookline, MA

I had the pleasure of working with Nick and Ryan to secure financing for my business and I really cant thank them enough for the quality of service. Through Nick, we were able to find the lending solution that worked best for my business with tact and clarity. Working with Ryan, I feel like I really have a lending partner not just a loan. Ryan is responsive, flexible and works hard to make sure that we can be successful as we move forward. Can't thanks these guys enough!

2 weeks ago

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Irma A. Suarez Hollister, CA

We love his service! He made it happen! look for Options and got us the Loan! Thank You Ryan!!!!

2 weeks ago

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Jolvon Osby ,

I've worked with Ryan D. at Rapid on multiple occasions and he has always done an amazing job. He is one of the reasons that I keep coming back. He's always professional, and always makes things easy to understand. We hope to keep working together in the future!

2 weeks ago

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Elisha Sechrist Springfield, OR

Great communication. I feel supported with regular check in’s. Transparent online payment tracking. Quick delivery of funds.

2 weeks ago

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R. Loud Shreveport, LA

Seemless process. no punches were pulled and it was in my account about 3 hours later after the process was started. my loan agent Cody W. kept the ball rolling and held my hand through the whole process

2 weeks ago

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EoneGopal Garden City, NY

Very good experience. Clear on what offering and what to expect.

2 weeks ago

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jeff fergusson Dallas, TX

Excellent !! Great customer services ! Simple process!

3 weeks ago

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Reply from Rapid Finance

Thank you for the kind review, Jeff!

Mar. 22nd, 2021

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Amanda Green Irving, TX

Our company needed capital to finance growth. We acquired a new contract, and needed payroll assistance until we start receiving revenue. It felt like we were jumping off a cliff, but Rapid Finance provided a parachute. We received the funds the next day, and our representative Cody explained the details clearly and comprehensively. 10/10, we will use them again as we continue to grow.

3 weeks ago

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Reply from Rapid Finance

Thanks for the positive review, Amanda! Our client's experience is our top priority. We look forward to working together again soon!

Mar. 22nd, 2021

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Nicole Krause North Royalton, OH

I've taken out many advances with them. Simple. Straight forward. Fast funding.

3 weeks ago

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Reply from Rapid Finance

Thank you for the positive review, Nicole!

Mar. 22nd, 2021

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Tina Hull Gautier, MS

Unbelievably simple and so easy to work with. I can’t wait to see how much this will help to improve my business! These folks are totally awesome!

4 weeks ago

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Reply from Rapid Finance

We appreciate your kind words, Tina!

Mar. 22nd, 2021

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Dottie Mae Woburn, MA

My business advisor, Ryan D., was patient throughout all the time it took for me to send my paperwork. He discussed various options with me discussing the various options and their advantages/disadvantages for my company.

1 month ago

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Reply from Rapid Finance

Thank you for the positive review, Dottie! We're glad you enjoyed working with Ryan.

Mar. 22nd, 2021

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Matt Kramer Alachua, FL

Very friendly customer service. Never had to talk to a recording, always a live person.

1 month ago

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Reply from Rapid Finance

Thanks for the positive review, Matt! A positive customer experience is our top priority.

Mar. 22nd, 2021

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Clay Conner Warrior, AL

A quick, smooth transaction. Cameron W. was great to work with. We would do business with Rapid Finance again.

1 month ago

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Reply from Rapid Finance

Thanks for the positive review, Clay! We are glad you enjoyed working with Cameron and we look forward to working together again in the future!

Mar. 22nd, 2021

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Bernadine Birdsong Studio City, CA

Prachi was attentive and professional. Their name says it all...Rapid finance! Thanks

1 month ago

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Reply from Rapid Finance

We appreciate the positive review, Bernadine!

Mar. 22nd, 2021

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James Ramos Anacortes, WA

I can't say enough about this company! When I needed funds for my business, my business advisor, Ryan, was right there to help! Quick and easy and always looking after my business needs! Thanks for always checking in on me, Ryan! Keep up the good work! Dr. Ramos

1 month ago

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Reply from Rapid Finance

Thank you for the positive review! We're looking forward to working together again soon!

Mar. 22nd, 2021

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Chad West Salem, WI

Gave Ryan D. a phone call and by the end of day he had me funded. Thanks Ryan and Rapid Finance for making this happen. Being in restaurant business the last year was tough but now with your help we can move forward with a little Capital in our account.

1 month ago

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Reply from Rapid Finance

Thank you for the kind words, Chad! We're glad you enjoyed working with Ryan and we look forward to working together again soon.

Mar. 22nd, 2021

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CC Kingston, NY

I have worked with Rapid Finance to fund several loans and each time I've had an excellent experience. The customer experience is straightforward and simple, the loans are fair and the funding turnaround is, indeed, rapid! A big shout out for my Business Advisor Ryan D. who has been wonderful to work with, informative and highly professional. I highly recommend Rapid Finance.

1 month ago

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Reply from Rapid Finance

Thank you for the kind review! We are glad you had such a great experience. Client satisfaction is our top priority!

Mar. 22nd, 2021

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Brian Juran ,

I had a great experience using rapid finance to get a loan for my business. The process was streamlined professional and very fast.

1 month ago

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Reply from Rapid Finance

Thank you for the positive review! Client satisfaction is our top priority!

Mar. 22nd, 2021

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douglas mininger Chicago, IL

I am very happy with Rapid Finance. Doug stuck with it and got it done. My finances were complicated. He worked very hard for me. Next time you're looking for $$... Let these folks do it for you!

1 month ago

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Reply from Rapid Finance

Thank you for the kind words! We look forward to working together again soon.

Mar. 22nd, 2021

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CSI Secure Solutions Fort Lauderdale, FL

I have worked with Rapid Finance before and had an excellent experience. The loan was fair based on a competitive market analysis but more important the customer experience was superior compared to other previous companies that I have used. A big shout out for my Business Advisor Connor P. who was extremely helpful, informative and professional. I highly recommend Rapid Finance and ask for Connor and tell him Chris Cavello sent you. You will not be disappointed!

1 month ago

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Reply from Rapid Finance

Thank you for the positive review! We look forward to working together again soon.

Mar. 22nd, 2021

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David Carmona Concord, NC

Fair, fast and followed through. What more can we ask for !!

1 month ago

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Reply from Rapid Finance

Thank you for the kind words, David!

Mar. 22nd, 2021

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Business Fullerton, CA

We worked with Conner N. to get the funding we needed and he was awesome! He was proactive and thorough, plus he advocated for our business and guided us through to a great result. He cared about what we wanted and that matters!

1 month ago

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Reply from Rapid Finance

Thank you for the positive review! Client satisfaction is our top priority!

Mar. 22nd, 2021

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Yvette Batres Anaheim, CA

Ryan D. is amazing very thorough, knowledgeable , and gets it done. From the first day he made the process easy and we have become a repeat customer. We appreciate working with Ryan and above all you meet up to your name Rapid is your key. Rapid Finance by far the best to assist in quick turnaround. Thank you Ryan and thank you Rapid Finance.

1 month ago

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Reply from Rapid Finance

Thank you for the positive review! We are glad you enjoyed working with Ryan, and we look forward to partnering together again soon!

Mar. 22nd, 2021

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Natividad Pacheco Colorado Springs, CO

My finance assistant was incredible, this is my third loan with Rapid finance ,and my go to loan was Ryan D, great experience.

1 month ago

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Reply from Rapid Finance

Thank you for the positive review! We thank you for your continued partnership and look forward to working together in the future!

Mar. 22nd, 2021

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ARIFF SHAREEF Oakland Gardens, NY

Very Professional, excellent service and very friendly staff !! I will definitely recommend your service to others.

1 month ago

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Reply from Rapid Finance

Thank you for the kind words, Ariff!

Mar. 22nd, 2021

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Jerree Winn ,

I have always had excellent customer service with this company. It has always been very prompt. Thank you!

1 month ago

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Reply from Rapid Finance

Thank you for the positive review! Client satisfaction is our top priority!

Mar. 22nd, 2021

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Jon shipley Springville, IN

It was quick and easy I will recommend it too everyone

1 month ago

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Reply from Rapid Finance

Thank you for the positive review! Client satisfaction is our top priority!

Mar. 22nd, 2021

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Vanessa McKenna ,

Ryan D. is my go to loan advisor at Rapid Finance. . He is knowledgeable, professional, not pushy, respond quickly to questions and requests , I believe this is about my 20th loan with this company so yeah I guess I would say I'm a repeat customer. Which speaks for itself. Five stars for Ryan D. And Rapid Finance.

1 month ago

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Reply from Rapid Finance

Thank you for the kind review, Vanessa! We appreciate working together with you, and look forward to our continued partnership!

Mar. 22nd, 2021

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Reina Cohen New Orleans, LA

Really help fast and professional all them give me confidence the way they request all documents

1 month ago

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Reply from Rapid Finance

Thank you for the kind review, Reina!

Mar. 22nd, 2021

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Mary Webre Dallas, TX

Dennis and everyone was awesome! Got funded as promised. Great people to do business with.

1 month ago

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Reply from Rapid Finance

Thank you for the positive review! We look forward to doing business together again soon.

Mar. 22nd, 2021

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Shontaz Naweli 'Ewa Beach, HI

With the help of Ross W I was able to get funded immediately! Although there were some hoops to go through Ross was there to guide me. He was very informative very knowledgeable of what he was doing and schooled me on some things I needed to know.

2 months ago

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Reply from Rapid Finance

Thank you for the positive review! We are glad you enjoyed working with Ross and we look forward to partnering together again soon.

Mar. 22nd, 2021

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Remiah Trask ,

Fast and easy process. I have been able to use funds to grow and sustain my business

2 months ago

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Reply from Rapid Finance

Thank you for the positive review! Client satisfaction is our top priority!

Mar. 22nd, 2021

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Mac Leaf Southlake, TX

I have had four other loans from different organizations in the last 24-months. Both Raymond and Liza were far more professional, caring, quick to respond than the other organizations, and they had a genuine interest in our organization. I highly recommend them both and Rapid Finance

2 months ago

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Reply from Rapid Finance

Thank you for the kind review, Mac! We are glad you enjoyed your experience with Rapid Finance!

Mar. 22nd, 2021

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Eric Arroyo Edgartown, MA

Great Nicolas cook was extremely helpful

2 months ago

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Reply from Rapid Finance

Thank you for the kind review, Eric!

Mar. 22nd, 2021

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Judy Reading, MA

Mary and the team are very friendly and helpful. They know their products well.

2 months ago

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Reply from Rapid Finance

Thank you for the positive review! Client satisfaction is our top priority!

Mar. 22nd, 2021

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Oleksiy ,

Cameron was very helpful and responsive. Made the whole process run smooth. Made rapid financing to step up to its name!

2 months ago

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Reply from Rapid Finance

Thank you for the kind review! Client satisfaction is our top priority.

Mar. 22nd, 2021

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Diann Howell Springtown, TX

Yonikka T is the best!! She worked so hard to get me exactly what I needed and what I could afford which was not easy since I have very little business credit yet. I can't say enough about Yonikka, she is a true asset for Rapid Finance and I will recommend her and Rapid Finance to anyone I know.

2 months ago

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Reply from Rapid Finance

Thank you for the kind words, Diann. We are glad you enjoyed working with Yonikka!

Mar. 22nd, 2021

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KP Escondido, CA

Jasmine L has now helped me on 3 different occasions. Her and the Rapid team have been incredibly quick in responding, fair on their proposals, and loyal to their clients. Highly recommend.

2 months ago

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Reply from Rapid Finance

Thank you for the positive review! We look forward to working together in the future!

Mar. 22nd, 2021

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Randall Dailey ,

I have had 3 separate loans with Rapid Finance and rate them high on customers service, respect as a person and business. The interest they show in what your doing and to understand your business, growth and needs is great, So they can understand your needs and accommodate them. Jasmine has been extraordinary at communicating with me on all three and from start to finish. Jasmine is a breath of fresh spring air when it comes to lending. Jasmine makes other lenders look like turtles. you don't have to repeat anything twice, with jasmine she remembers you and your business like she is a neighbor. I highly recommend rapid finance above all others like them and if you want the best, quickest , and friendliest ask for jasmine.

2 months ago

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Reply from Rapid Finance

Thank you for the kind review, Randall! We thank you for your business in the past and look forward to our continued partnership!

Mar. 22nd, 2021

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pianoservice Houston, TX

Our representative Ryan has always been helpful and attentive to our companies needs. We appreciate his excellent customer service.

2 months ago

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Reply from Rapid Finance

Thank you for the positive review! Client satisfaction is our top priority!

Mar. 22nd, 2021

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OneAndDone Maple Grove, MN

I worked with Ryan to get a my loan, and it was done in the same day I applied for it. I am a return customer, and everything went as smooth as possible.

2 months ago

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Reply from Rapid Finance

Thank you for the positive review! Client satisfaction is our top priority!

Mar. 22nd, 2021

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Leon Reynoldsburg, OH

Rapid Finance worked with us all the way through the process of refinancing an existing business loan. Ryan made is simple and easy with amazing communication throughout the entire process.

3 months ago

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Reply from Rapid Finance

Thank you for the positive review! Client satisfaction is our top priority!

Mar. 22nd, 2021

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Ivan Estrada ,

I was helped by Alex Z , great customer service , the whole process was made simple and a Great help on the growth of my Business Highly Recommended Thank You

3 months ago

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Reply from Rapid Finance

Thank you for reviewing your experience with Rapid Finance! Client satisfaction is our upmost priority and we appreciate such kind remarks about our processes and business advisor, Alex.

Jan. 6th, 2021

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