Rapid Finance

• 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.

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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• 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