Rapid Finance Review

ByTop10 StaffJan. 30, 2020

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In a Nutshell

Need funding? Rapid Finance provides fast and easy financing solutions, so your business gets the attention and funds it needs. The application process is fast and approval is based on your business’s overall health, not just a credit score. Rapid Finance offers a suite of programs that can assist your business with a variety of expenses and day-to-day operations.


  • Multiple financing options
  • Quick application and approval
  • High approval rates


  • Must request a quote to obtain applicable terms and rates
  • Some loan types may require a minimum credit score

Rapid Finance at a Glance

Loan amount$500,000
Minimum monthly revenue$8,000
Age of business12+ months
Minimum credit score550
Payment terms4 to 18 months
Time until fundingHours
Direct Lender or Marketplace
Direct lender

Rapid Finance Rapid Finance Get Quote

About Rapid Finance

Founded in 2005, Rapid Finance advertises its dedication to “entrepreneurialism” and has extended over $2 billion in funding to companies. Operating as an alternative to banks and other traditional lending institutions provides Rapid Finance with the flexibility to work with businesses of all sizes across a broad range of industries. With an A+ rating from the BBB, Rapid Finance is considered to be an established and reliable member of the growing community of alternative financiers. Rapid Finance’s goal is to not only provide funding to businesses in need, but also help businesses succeed and grow because of that funding.

Financing Solutions

Rapid Finance Loan Types

Why Choose Rapid Finance?

With an A+ rating with Better Business Borough and a 97% customer satisfaction, Rapid Finance provides a personalized and professional customer experience that caters to a variety of financing needs. Rapid Finance’s business advisors work hard to give their clients a smooth and seamless financing process. Not sure if there’s a financing solution for you? Rapid Finance has a vast network of options your business can utilize to get the funds you need- just fill out a quick application!

Rapid Finance’s application process is simple and easy. Upon application, you will receive a free quote along with expected rates and fees. Approval may go through within minutes and funding may occur as soon as the day of application. There are no fees to apply for financing and you’re under no obligation to complete an application or accept funding once you’ve looked over the initial quote.

Once you decide to apply for financing and move forward, an advisor will be assigned to your account to assist with questions. With flexible financing options and payment terms, Rapid Finance financing can benefit just about any small business.

Rapid Funding

Applying for financing from Rapid Finance is a quick process. Submit:

  • Business name and address
  • Years in business
  • Monthly sales estimate
  • First and last name
  • Email address and phone number

Here’s What’s Unique

Applying for Rapid Finance financing starts with requesting a quote on the funder’s website. You provide basic business and personal information and are given the financing amount for which you may qualify along with information about the terms and the rates you can expect to pay. No fee is charged to get a quote, and your request puts you in touch with a business advisor who can explain which funding options are available and help you decide on the right one for your company.

A full application requires additional information to provide Rapid Finance with as much data as possible so that they can work with you to maximize available funding. Rapid Finance considers a full range of factors when determining eligibility and funding amounts, meaning credit score is only part of the equation. This makes Rapid Finance useful if:

  • Your total financial picture is stronger than your credit score suggests
  • Your credit rating has taken a hit due to missed payments on other debts
  • Your business can’t provide the security a bank requires for loan approval

Rapid Finance advertises approval “in minutes with the longest wait time being a few hours.” This is comparable to other alternative lenders but much faster than banks. Upon approval, funding is deposited into your business account in as little as 1 day, but some transactions may take up to 7 days.

Payment Terms

Term lengths or estimated term lengths and payment structures vary depending on the type of funding you receive from Rapid Finance. Terms on small business loans may be as long as 18 months, and the borrowed amount is paid back through an automated clearing house (ACH). Payments are pulled daily from your business checking account Monday through Friday, excluding holidays. Merchant cash advance payments are made each time you process a credit card transaction. A percentage of every sale goes toward paying off the financing until the balance is paid.

Multiple factors—including the size of your business and the industry in which you operate—impact the terms or estimated terms and rates you may receive. The expected costs are provided when you request a quote on the financing type for which you wish to apply.

You can check your account online through the Rapid Finance site to see recent payments and check the remaining balance. The predictable payment schedule makes it easier to track your payment history and budget to ensure payments continue to go through on time.

Help & Support

If you have questions or concerns about any part of the Rapid Finance process, you can contact the company via the customer service phone number or email address. Common questions are answered on two separate FAQ pages: one for general questions and another specifically addressing business financing.

Visit RapidResources to access a variety of business articles on the company blog or view informative SlideShare presentations. Rapid Finance also provides an e-book for small business owners and a white paper to guide companies in defining and honing their sales processes. These resources provide additional information you can use to aid in your decision on what type of loan to choose and whether or not Rapid Finance is the right lender for your business.


Rapid Finance

4500 East West Highway

6th Floor

Bethesda, MD 20814

Rapid Finance customer testimonials

ExcellentReviews 1,301
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  • author
    Carlos J. CEJRoman
    Oct 17, 2020
    Jordan went above and beyond to help me…

    Jordan went above and beyond to help me and my business. Excellent experience. I highly recommend rapid finance.


  • author
    Oct 13, 2020
    Joel the man!

    Joel! The man. Thanks again. I needed money for my business and he was able to help for sure. They were more rapid then I was to be honest. Professional people /company . Can’t wait to borrow more .


  • author
    Cindy Doyle Richardson-Keys
    Oct 12, 2020
    Professional, Efficient, Reliable Service

    Professional, efficient, reliable and punctual. Anthony Birch with Rapid Finance managed every detail of our funding without a hitch. He was thorough in explanations and he made sure to follow up on deadlines and documents needed for seamless processing. We will definitely utilize Rapid Finance and Anthony for any of our future needs.


  • author
    Dr. Corina Dunlap
    Oct 09, 2020
    Very satisfied with my experience.

    I felt very supported by Shawn through the funding experience. He really went the extra mile to get my funding approved as quickly as possible and with the best rate possible. I will definitely do business with Rapid Finance again.


  • author
    Jul 04, 2020

    These men are crooks in financial industry. They will lie and will do anything to rip you off. Do not trust good reviews. They are all set up. My advice is stay away from this terrible company.


Rapid Finance