Pros Explained. Cons Explained. Types of Business Loans Offered by Rapid Finance. Time to Receive Funds. Borrower Requirements. Rapid Finance Business Loan Features. Can You Refinance a Business Loan With Rapid Finance? Customer Service. Customer Satisfaction. Applying for a Rapid Finance Business Loan.

Alternative Business Loan Lenders. Final Verdict. Cons Explained Lack of transparency: Rapid Finance provides little information on its website about its interest rates, fees, eligibility requirements, and other loan features.

Strict repayment plans: Depending on your loan type, you may be subject to a loan repayment term as short as three months and payments as frequently as daily. Types of Business Loans Offered by Rapid Finance One of the greatest advantages of Rapid Finance is the many types of business loans and financing available.

Repayment terms are from three months to five years with daily, weekly, or monthly payments. Merchant cash advance: When you take out a merchant cash advance, you get access to the capital you need based on your expected credit card transaction or other receivables revenue.

Bridge loan: A bridge loan is a type of short-term financing designed to bridge the gap before another form of financing is available. Invoice factoring: This type of financing allows you to sell your invoices at a discounted rate for working capital for your business.

Asset-based loan: When you borrow an asset-based loan, you put your business assets up as collateral to cover short-term financial needs.

Commercial real estate loan: This type of loan is ideal for a business planning to buy or develop a new or existing property. Time to Receive Funds The speed at which you can get your loan or line of credit funds may depend on the type of financing you choose.

Rapid Finance Business Loan Features Easy online application: Rapid Finance offers an easy online application that you can complete in a matter of minutes. You can get pre-qualified with just a soft credit check and some basic information. Customer Service Rapid Finance offers several different ways for current and prospective customers to contact the company.

You can fill out a contact form on the company's website , mail a letter, or call or email one of the departments listed in the table below: Department Phone M-F, 9 a. ET Email Customer Service customerservice rapidfinance. com Sales Support sales rapidfinance.

com Partner With Rapid Finance businessdevelopment rapidfinance. com Customer Satisfaction Rapid Finance has overwhelmingly positive reviews online. Share your business information. Provide personal information. Next, Rapid Finance will ask for your personal credit score to confirm your eligibility.

Get your quote. Get pre-qualified. Is Rapid Finance Legitimate? Does Rapid Finance Offer Startup Business Loans?

What Credit Score Do You Need for Rapid Finance? Does Rapid Finance Report to Credit Bureaus? Article Sources. Investopedia requires writers to use primary sources to support their work. These include white papers, government data, original reporting, and interviews with industry experts.

We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Related Articles. Investopedia is part of the Dotdash Meredith publishing family.

This can be as quick as a few minutes, so be on the lookout! With Rapid Finance, applying for a small business loan is simple and fast. Having the necessary documentation on hand will help ease the process. The most common documents needed are a valid form of identification, online access to your business bank account or three months of business bank statements, and your business bank account and routing number.

Other information may be required in some cases. If approved, working capital will be sent directly to the business bank account provided. Want more information? Check out our blog on how to get a small business loan for more in-depth answers.

Most alternative funders require the businesses to provide information regarding time in business, revenue, business bank account, and identification i. Credit is an important factor that both traditional lenders and alternative funders look at when trying to qualify a business.

Alternative funders like to look at the overall performance of a small business. This means looking at revenue, time in business, accounts receivables, and business credit history. For more information, reference our blog on how to get a small business loan with low credit.

A small business loan can be either short term or long term, it just depends on what the business needs. Short-term loans are good if the business needs quick access to working capital and also wants to pay the loan off quicker. However, if a business is looking for longer repayment terms, it may qualify for a long-term business loan, provided the funder offers longer-term loans.

There are lots of factors to take into consideration when determining loan terms. The best thing to do is communicate your business needs with our team to find the best solution for your business.

A UCC financing statement is filed with the Secretary of State by the lender which allows for a lien to be placed on your business collateral to secure the loan.

The UCC is filed in a state where your business operates or a state where the business has collateral. Once the small business loan has been paid in full, and there are no other outstanding loans with the lender, the lender will terminate the UCC. In general, an unsecured loan increases possible risks for the lender.

Secured loans are typically a better option for many businesses as it helps reduce the cost of funds which can also help increase the amount of financing. At Rapid Finance, our secured loans are a great option for small business financing as the application process is quick and easy.

Rapid Finance offers a small business financing calculator that will allow you to adjust certain business information accordingly, such as working capital amount, estimated credit score, and monthly sales. This allows you to see a broad estimate of what your small business may qualify for. To get a better sense of what you may qualify for, we recommend applying online through our website or giving us a call.

Let us take financing off your plate so you can focus on what matters most: growing your business. Financing Solutions Small Business Loans Merchant Cash Advance Line of Credit Bridge Loan SBA Loan Invoice Factoring Asset Based Loans Commercial Real Estate Loans Business Resources Small Business Guides Blog Partner Programs Business Finance Brokers Equipment Leasing Credit Card Processing Asset-Based Lending Factoring About Us Executive Team Success Stories Contact Us Careers Financing Solutions Small Business Loans Merchant Cash Advance Line of Credit Bridge Loan SBA Loan Invoice Factoring Asset Based Loans Commercial Real Estate Loans Business Resources Small Business Guides Blog Partner Programs Business Finance Brokers Equipment Leasing Credit Card Processing Asset-Based Lending Factoring About Us Executive Team Success Stories Contact Us Careers.

Get a Quote. Sign In. Small Business Loans For All Your Business Needs. Apply Now. Small Business Loan Financing. Scale Your Business with a Small Business Loan.

Rapid Finance is our pick as the best lender for fast funding. It has an easy online application process, quick approval, and same-day funding, as well as Rapid Finance, a Maryland-based alternative lender, offers small-business loans as well as SBA loans, asset-based loans, commercial real Rapid Finance is the best non-bank lender for merchant cash advances because it offers quick funding and approvals, plus great customer

Information on valuation, funding, cap tables, investors, and executives for Rapid Loans. Use the PitchBook Platform to explore the full profile CNBC Select looks at personal loans offering quick funding so you can cover large costs in a pinch. Every personal loan review is based on Do you need fast small business financing? Learn how Rapid Finance can get you up to $ with a range of financing options: Rapid Loan Evaluation

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Click here to see Rapid Loan Evaluation you prequalify for a personal loan Support for families affected by unemployment. If Evaluatoon have Evaluatiion business Evaluxtion with LLoan lender that you want to refinance, Evalluation could take out a loan Reliable financial solutions Rapid Finance to pay it off. However, you should be aware that while we are an independently owned service, our comparison service does not include all providers or all products available in the market. Sorting and Ranking Products. That's why we provide features like your Approval Odds and savings estimates. your name has been selected for Mike Berner is a staff writer at business.	Rapid Finance has been lending to small businesses for years, but not every business owner can qualify for a loan with this lender. Advertiser Disclosure. When applying for a personal loan, you'll need to provide some basic pieces of information, which can include your address, social security number and date of birth, among others. Though depending on your bank, it could take longer to access your cash. They also cracked my windshield and did something to my oil. Catch up on CNBC Select's in-depth coverage of credit cards , banking and money , and follow us on TikTok , Facebook , Instagram and Twitter to stay up to date. OneMain charges origination fees where allowed by law.	Rapid Finance is our pick as the best lender for fast funding. It has an easy online application process, quick approval, and same-day funding, as well as Rapid Finance, a Maryland-based alternative lender, offers small-business loans as well as SBA loans, asset-based loans, commercial real Rapid Finance is the best non-bank lender for merchant cash advances because it offers quick funding and approvals, plus great customer	Rapid Auto Loans has star rating based on 44 customer reviews. Consumers are mostly dissatisfied. Rating Distribution. 91% negative 2% positive Rapid Loans is safe. It has an Australian Credit Licence number provided clearly on its site, is transparent with its fee structure once someone Like short-term loans, MCAs have fixed fees. Each business day, Rapid will hold back a percentage of your daily credit and debit card sales	Rapid Finance is our pick as the best lender for fast funding. It has an easy online application process, quick approval, and same-day funding, as well as Rapid Finance, a Maryland-based alternative lender, offers small-business loans as well as SBA loans, asset-based loans, commercial real Rapid Finance is the best non-bank lender for merchant cash advances because it offers quick funding and approvals, plus great customer
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Rapid Loan Evaluation - Our Verdict. Rapid Finance is a popular alternative source for a wide range of small business financing options, including term loans, lines of Rapid Finance is our pick as the best lender for fast funding. It has an easy online application process, quick approval, and same-day funding, as well as Rapid Finance, a Maryland-based alternative lender, offers small-business loans as well as SBA loans, asset-based loans, commercial real Rapid Finance is the best non-bank lender for merchant cash advances because it offers quick funding and approvals, plus great customer

It's pretty simple, actually. The offers for financial products you see on our platform come from companies who pay us. The money we make helps us give you access to free credit scores and reports and helps us create our other great tools and educational materials. Compensation may factor into how and where products appear on our platform and in what order.

But since we generally make money when you find an offer you like and get, we try to show you offers we think are a good match for you.

That's why we provide features like your Approval Odds and savings estimates. Of course, the offers on our platform don't represent all financial products out there, but our goal is to show you as many great options as we can.

But keep in mind that the shortest amount of time a lender says it can get approved funds to you often comes with a disclaimer. A number of factors can delay your funding, and depending on your bank, there may be a wait before you can access your cash.

And think twice before you opt for high-cost loans like payday loans or title loans , which can come with very high fees and interest rates. If you need fast cash, read on to see our top picks for lenders that say they may be able to get you money quickly.

Why a Wells Fargo personal loan stands out: Wells Fargo says it can often deliver your funds by the next business day after loan approval. Read reviews of Wells Fargo personal loans to learn more.

Though depending on your bank, it could take longer to access your cash. Avant is worth a look if you have less-than-perfect credit and are facing an emergency expense.

But keep in mind that its rates are higher than you may find elsewhere. Read reviews of Avant personal loans to learn more. Why an Earnin loan stands out: If you only need a small amount of money, Earnin might be a good fit since it lets you advance small amounts from an upcoming paycheck. But keep in mind that depending your bank, you could have to wait longer to access your cash.

Read our full review of Earnin to learn more. There are some loan options that offer funding quickly that are often less favorable to borrowers. There are lots of factors to take into consideration when determining loan terms.

The best thing to do is communicate your business needs with our team to find the best solution for your business. A UCC financing statement is filed with the Secretary of State by the lender which allows for a lien to be placed on your business collateral to secure the loan.

The UCC is filed in a state where your business operates or a state where the business has collateral. Once the small business loan has been paid in full, and there are no other outstanding loans with the lender, the lender will terminate the UCC.

In general, an unsecured loan increases possible risks for the lender. Secured loans are typically a better option for many businesses as it helps reduce the cost of funds which can also help increase the amount of financing.

At Rapid Finance, our secured loans are a great option for small business financing as the application process is quick and easy. Rapid Finance offers a small business financing calculator that will allow you to adjust certain business information accordingly, such as working capital amount, estimated credit score, and monthly sales.

This allows you to see a broad estimate of what your small business may qualify for. To get a better sense of what you may qualify for, we recommend applying online through our website or giving us a call.

Let us take financing off your plate so you can focus on what matters most: growing your business. Financing Solutions Small Business Loans Merchant Cash Advance Line of Credit Bridge Loan SBA Loan Invoice Factoring Asset Based Loans Commercial Real Estate Loans Business Resources Small Business Guides Blog Partner Programs Business Finance Brokers Equipment Leasing Credit Card Processing Asset-Based Lending Factoring About Us Executive Team Success Stories Contact Us Careers Financing Solutions Small Business Loans Merchant Cash Advance Line of Credit Bridge Loan SBA Loan Invoice Factoring Asset Based Loans Commercial Real Estate Loans Business Resources Small Business Guides Blog Partner Programs Business Finance Brokers Equipment Leasing Credit Card Processing Asset-Based Lending Factoring About Us Executive Team Success Stories Contact Us Careers.

Get a Quote. Sign In. Small Business Loans For All Your Business Needs. Apply Now. Small Business Loan Financing. Scale Your Business with a Small Business Loan.

You only need 3 important things to apply. A valid form of identification. Business bank account number and routing. Last three months of business bank statements. Application Process. Apply Online. Let Us Review. Get Funded. Small Business Loans FAQs. How do I get a small business loan?

What are the requirements for a small business loan? Can I get a small business loan with bad credit? Is this a short-term business loan?

Should I get a secured or unsecured loan for my small business? Do you offer a small business loan calculator or financing calculator? Small Business Loans with Rapid Finance.

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Rapid Loan Evaluation - Our Verdict. Rapid Finance is a popular alternative source for a wide range of small business financing options, including term loans, lines of Rapid Finance is our pick as the best lender for fast funding. It has an easy online application process, quick approval, and same-day funding, as well as Rapid Finance, a Maryland-based alternative lender, offers small-business loans as well as SBA loans, asset-based loans, commercial real Rapid Finance is the best non-bank lender for merchant cash advances because it offers quick funding and approvals, plus great customer

Small business loans offer businesses a lump sum of working capital upfront to help meet their unique business needs. Rapid Finance loans can help with an expansion, gaps in cash flow, opening a new location, purchasing equipment, and so much more! We pride ourselves on fast and simple loans, so business owners can focus on what matters most: growing their business.

If your business is looking for a loan with fixed payments, longer terms, and higher dollar financing, our small business loan is a great option.

Start your business application and tell us about your company, goals, and objectives. We recommend having the necessary paperwork on hand to make the process even faster i. Our team will carefully review your business financing application. One of our trusted business advisors will reach out if we need any additional information.

This can be as quick as a few minutes, so be on the lookout! With Rapid Finance, applying for a small business loan is simple and fast. Having the necessary documentation on hand will help ease the process. The most common documents needed are a valid form of identification, online access to your business bank account or three months of business bank statements, and your business bank account and routing number.

Other information may be required in some cases. If approved, working capital will be sent directly to the business bank account provided. Want more information? Check out our blog on how to get a small business loan for more in-depth answers. Most alternative funders require the businesses to provide information regarding time in business, revenue, business bank account, and identification i.

Credit is an important factor that both traditional lenders and alternative funders look at when trying to qualify a business. Alternative funders like to look at the overall performance of a small business.

This means looking at revenue, time in business, accounts receivables, and business credit history. For more information, reference our blog on how to get a small business loan with low credit.

A small business loan can be either short term or long term, it just depends on what the business needs. Short-term loans are good if the business needs quick access to working capital and also wants to pay the loan off quicker.

As an approved lender for the U. Small Business Administration SBA , Rapid Finance offers access to government-backed SBA loans. Many business owners desire SBA funding due to the lower fixed interest rates and long repayment terms.

Rapid Finance requires that your application include a debt schedule, two years of business tax returns, your last three months of bank statements, and a history of profitability. Enter your credit score and monthly sales to find out how much funding you qualify for. As its name implies, Rapid Finance offers much faster turnaround times on funding than other financiers we reviewed.

Many companies take up to three days to deposit funds, but Rapid Finance can do so in less than 24 hours. This timing could make all the difference for a small business owner. However, the lender does also offer secured loans that require collateral. Learn the difference between unsecured and secured business loans so you can make the right choice for your business.

This number is relatively low compared to other companies. The process involves filling out a short questionnaire with basic background information, as well as your business goals and objectives. A Rapid Finance representative will review your application and may reach out to obtain additional information.

Rapid Finance makes it easy to reach a live representative if you need assistance. Customer support representatives are available by phone Monday through Friday, from 9 a.

You can also get in touch with Rapid Finance through an email form. Rapid Finance maintains a company blog and funding guides on its website that business owners may find helpful.

Compared to some other lenders we evaluated, Rapid Finance provides relatively little information about minimum requirements, such as time in business and credit score. Rapid Finance does not have minimum sales requirements, and the company says it takes a holistic view of a business when reviewing funding requests, which could end up working in your favor.

Rapid Finance also provides very little transparency about its loan rates. Marketplace lenders such as Biz2Credit may be able to offer well-qualified borrowers lower rates, albeit with a slightly slower funding time. Find out more in our detailed Biz2Credit review.

You may also want to explore growing a small business financially without a loan. To find the best business loan and financing options for small businesses, we researched and analyzed top lenders and their platforms, taking into account factors like credit requirements, loan types, minimum sales requirements, required minimum time in business, customer service and the speed of funding.

When searching for the top lender for businesses requiring fast funding, we prioritized certain criteria, such as the ease of applying, the time waiting for approval and the speed of funding deposits. Yes, Rapid Finance is the same company as Rapid Advance.

Rapid Finance is a subsidiary of Rock Ventures LLC, a holding company controlled by Quicken Loans founder Dan Gilbert. It was known as Rapid Advance until it changed its name to Rapid Finance in As part of its application review process, Rapid Finance will likely do a hard credit pull in order to make a final decision on whether to approve the funding request.

Yes, Rapid Finance offers SBA loans. The company can connect you with various SBA funding sources in its network. All in one email. Our mission is to help you take your team, your business and your career to the next level.

Whether you're here for product recommendations, research or career advice, we're happy you're here! How much could I qualify for? Applications are subject to approval. Get Your Quote. Apply in a few minutes, receive funds in a few days.

Easy Application. Ongoing Working Capital. Why Businesses Love Us. Transparent Quotes Working with us means no hidden fees and no surprises. Trusted Network of Partners We work with partners around the country to help ensure businesses have access to the cash flow they need when they need it most.

Easy-to-Use Client Portal We provide up-to-date digital financing technology that makes securing working capital easier and faster. Live Feedback From Clients Just Like You. Read More. I worked with Katie, and she made everything so easy to understand and do.

Had a line of credit approved and, in my account, the same day. Katie was wonderful to work with, she knew I needed a quick turn around and she made it happen. Benjamin Schneider was outstanding. Professional, patient with my questions and always prompt in initiating phone calls.

I always felt comfortable with the information Ben provided as it was evident that he was a seasoned professional. Xavier Brown and Rapid Finance are a top notch organization.