After you’ve signed an application and submitted your bank statements, Rapid Finance will do a soft credit pull and send you an initial offer. Their merchant cash advance (MCA), Standard Loan, Select Loan, and Preferred Loan each provide varying loan amounts, term lengths, and factor fees to a wide range of small business owners. An expert advisor walks clients every step of the way through the application and repayment process. Sure enough, Friday evening at 5:15pm Connor told me I would be getting a wire, and within MINUTES, it was in my bank account. Apply for your first or second PPP loan, © 2021 Fundera Inc., 123 William Street. Rapid Finance Reviews The majority of Rapid Finance reviews are positive, giving the company a high rating from consumers. Thanks GuysNick Yatros helped me get my loan fast. to small businesses. She really made sure I received my loan when I needed it most to save our business. Jordan went above and beyond to help me and my business. Joel! The rates at Rapid Finance are higher than traditional loans but are fair compared to what I've seen on the market. This offer factors your business’s cash flow and lists which Rapid Finance products you qualify for. Certain business owners might qualify for an “add-on” to their Rapid Finance product if their business’s revenues remain strong or get stronger as they repay their Rapid Finance debt. https://www.businessnewsdaily.com/8441-best-merchant-cash-advance.html She earned my trust and I don’t trust people often but she explained everything in details and followed through like a real professional. When working with Rapid Finance, you can be sure you’re getting transparent, fair pricing on a best-in-class product. Professional, efficient, reliable and punctual. Based in New Jersey, Rhode Island, Montana, Vermont, South Dakota, or Nevada, Sole proprietorships in Pennsylvania or Oklahoma. Having provided more … Good to work with no scam here dont need to go get a prepaid card to get loan. This is my second time using Rapid Finance and the entire team is fantastic. Our team knows the ins and outs of owning a business, and we are 100% committed to helping small businesses expand. If you are lucky enough to have Connor managing your request, you will forever be grateful. A personal loan is a finance product which can be used to cover a range of personal expenses, including unforese en bills , holidays, shortfalls in cash, and more . Never has anyone made a lending transaction so painless and so fast! Best Features Rapid Finance can fund business loans as fast as one day. Rapid Finance (Loan): 4.3 out of 5 stars from 147 genuine reviews (page 2) on Australia's largest opinion site ProductReview.com.au. Rapid Finance is in Fundera’s Lender Network. RapidAdvance is now Rapid Finance. Email and telephone support are available for Rapid Finance customers weekdays from 9:00 a.m. to 6:00 p.m. EST. Through this whole process Eddie,Greg and Eric have been right on point. If Rapid Finance denies your application because of your credit score, you can reapply after six months, but if they reject your application for a reason other than your credit score, you can reapply within 30 days. Thanks to Connor this mayhem we called 2020 ended on a positive note for our organization! In response, Rapid Finance has worked to make their self-service portal more intuitive, leading to less friction and more loan application approvals. Merchant cash advances are ideal when you need capital easily and quickly. You can contact a customer representative by using any of the following contact methods: Alternatively, you may email Rapid Finance by completing their online contact form. BBB accredited since 9/7/2010. In particular, customers appreciate that they get a dedicated business advisor who can work with them to ensure they manage their financing responsibly. *All reviews are provided by genuine Rapid Finance customers. Thanks again. David Hirmaz was very helpful. Many cite the quality service they received from Rapid Finance as the reason for their positive rating. A helpful and honest representative will guide small business owners in securing financing that aligns with their capital needs and budget. Their merchant cash advance (MCA), Standard Loan, Select Loan, and Preferred Loan each provide varying loan amounts, term lengths, and factor fees to a wide range of small business owners. Check out what 1,301 people have written so far, and share your own experience. Anthony Birch with Rapid Finance managed every detail of our funding without a hitch. 21st Floor, New York, NY 10038. Alongside the qualifications specified above, some of the financing products may require you to meet additional eligibility criteria: Rapid Finance does not work with businesses with the following specifications: Note that you may submit some of your documentation through Rapid Finance’s self-service portal. Find out what works well at Rapid Finance from the people who know best. How to qualify Rapid Finance will not fund your businesses with more than six NSF days in the last two months. As a reminder, high interest for, is almost inevitable—quick, easy-to-qualify-for business financing will always be more costly than longer-term options.Â, Getting a Credit Card With No Credit History, Opening a Business Bank Account With No Deposit, Opening a Business Bank Account Without an EIN, Best Accounting Software for Sole Proprietors, Daily or weekly repayments can potentially strain your business’s. Anna Enwia is great to work with! Rapid Finance may require an interview with you before making their decision, so be prepared to answer questions about your business and why you’re seeking financing solutions. and various loan types to secure the funding you need for your business. You can also connect your business bank account to import your bank or credit card statements automatically. Rapid Financial Services, LLC, doing business as RapidAdvance, provides financing services. Rapid Finance’s bad credit personal loans come with a number of features, which comprise of the following: Additional repayments. What's more, Rapid Finance has an A+ with the BBB, and 98% positive reviews. You can also read our community reviews and hear what others have to say about their experience with Rapid Financial Services. Joel was super helpful made the process extremely easy. Please feel free to reach out to us 240.514.1962 so that we can better understand your concerns.”. Thank you Anthony! Jordan Buchanan was very professional, fast acting, and knowledgeable. Rapid Finance requires you have a business bank account (unless your business is a sole proprietorship) with deposits from at least five different sources monthly. Professional reviews are a little more measured, but on the whole, Rapid’s reputation is pretty good. We changed our name. Through all of the paper work, Sam was wonderful and maintained a very professional attitude. ! I needed money for my business and he was able to help for sure. Let’s break down the features, terms and Rapid Finance interest rates you can expect for each product. Excellent experience. Starting at 0.25% per week; Starting at 4.8%. They will lie and will do anything to rip you off. Professional, Efficient, Reliable Service. A common theme among negative Rapid Finance reviews is the high cost of capital. Rapid Finance can take a second position to traditional lenders (like banks), but they won’t take a second position to an alternative lender that they consider a direct Rapid Finance competitor. You can apply for a renewal directly from the self-service portal. Rated 9.8 /5 based on 79 reviews I highly recommend. Rapid Financial Solutions states that the user agrees to all terms upon use - including binding arbitration. The Fundera team has carefully vetted Rapid Finance and determined that their offering is one of the best in their product category. From the beginning when I first spoke to Eddie I had a good feeling. You may contact a business advisor via phone or live chat during regular business hours. 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. The following sections will cover the steps necessary in securing financing through Rapid Finance. Rapid Financial Services was founded in 2005 and is based in Bethesda, MD. Some — though not all — also mention the fast turnaround time. Anthony Birch is AWESOME! You guys are awesome!! She helped and guided me through every step. Small Business Loans in Bethesda, MD. Please note that Rapid Finance also files a UCC-1 lien on borrowers after they have been funded with one of their small business loan products. Rapid Finances reviews by customers rave about the excellent level of service. Rapid Finance has one of the best reputations for customer service in the small business financing industry. This is my second time using Rapid Finance and the entire team is fantastic. Rapid Finance Small Business Loan Review Rapid Finance Small Business Loan is a business financing offering by Rapid Financial Services, based in Bethesda, MD. 81 Rapid Auto Loans Reviews and Complaints @ Pissed Consumer On average, they fund in two days. Business Finance Advance was established to provide businesses of all sizes with a quick and easy way to obtain hard to get business loans. See BBB rating, reviews, complaints, request a quote & more. He was able to answer all questions and turn the loan around for me faster than expected. He makes the process easy and fast. © 2021 Trustpilot, Inc. All rights reserved. Rapid Finance will automatically debit your first payment on the same day or a week after they fund your application. Rapid Finance has 5 stars! Anthony handled our request professionally and quickly Triple AAA! Rapid Finance is rated 4.88 for customer satisfaction by 80 customers. Alternatively, you may email Rapid Finance by completing their, A common theme among negative Rapid Finance reviews is the high, Overall, Rapid Finance complaints often involve their factor fees because they are expensive. Rapid Finance has mostly positive customer reviews and only a few complaints. Founded in 2005, Rapid Financial Services offers access to business loans in 50 states (and Washington, DC). You will be redirected to our new site automatically. In fact, many Rapid Finance reviews call out specific business advisors who have made the process easier for their customers. Made with, Rapid Finance, formerly Rapid Advance, is an alternative lender that provides three tiers of short-term. Reviews from Rapid Finance employees about Rapid Finance culture, salaries, benefits, work-life balance, management, job security, and more. This is my second loan with him and RF. Definitely recommend him! We will definitely utilize Rapid Finance and Anthony for any of our future needs. This was a longer process than I had imagined, with a huge amount of emailing and document sending . Our financing options such as our business loans were created to help you accomplish great things. He really went the extra mile to get my funding approved as quickly as possible and with the best rate possible. With Rapid Finance, you will receive a schedule of your daily or weekly repayment amounts. Here at Rapid Finance, we specialize in business financing made fast and simple. He was thorough in explanations and he made sure to follow up on deadlines and documents needed for seamless processing. Professional people /company . What is a personal loan? I felt very supported by Shawn through the funding experience. This process will include a hard credit pull for your credit history.Â. They are all set up. You can view your repayment progress and statements through the customer portal. We should also note that customers have complained about Rapid Finance’s cumbersome application process. This is a fair service for small business that need a quick injection of cash for working capital etc. Contact Many positive Rapid Finance reviews praise them for exceptional customer service. Looking for PPP funding? Rapid Finance can work with businesses that operate entirely out of a home address that fits certain equity and employment criteria. Prior to Fundera, Matthew was an editorial lead at Google and an intern reporter at Business Insider. I have already recommend them to all of my friends that have Thier own business. Uncover why Rapid Finance is the best company for you. I highly recommend rapid finance. 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. Working with her at Rapid Finance has kept things flowing and taken waiting out of the lending process. Rapid Finance uses a scoring model-driven algorithm for this first step of the process.Â, If you accept your initial offer, you’ll proceed to Rapid Finance underwriting, during which Rapid Finance will learn more about your company, including its annual revenue and outstanding debt. Connor had me approved in 1 day! Three months of business bank statements (or credit card statements if you’re applying for a merchant cash advance) for loans under $150,000, Your most recent business tax return (for loans over $150,000), Your profit and loss statement (for loans over $150,000), Your balance sheet (for loans over $150,000), Business bank account number and routing number for deposit (for merchant cash advance), Last three credit card processing statements (for merchant cash advance), Whether you run your business from a home address. Never has anyone made a lending transaction so painless and so fast! The whole process was twice as easy as a previous company I used I'll definitely recommend you guys to as many people as possible. I had Joel, He he made the process easy!I thought it was going to be a pain in the butt, But Joel made it go nice and smooth! See reviews below to learn more or submit your own review. Rapid Finance customers highlight quick loan approval and funding time, great staff and customer service, and competitive rates. Rapid Finance assesses each application individually and looks at your current circumstance to make a final decision. Voice your opinion today and hear what 1301 customers have already said. All Rights Reserved. Rapid Finance reviews and complaints. The company has an A+ rating with the BBB and an unusually high number of positive reviews on the watchdog site. Do you agree with Rapid Finance's TrustScore? Anna Enwia helped us out and she really made it enjoyable to work with. If you’re seeking a standard loan that you can use toward various business expenses, then a short-term standard loan is worth considering. Rapid Finance can take a second position to traditional lenders (like banks), Sign your loan agreement electronically via their self-service portal, Higher approval rate than other direct lenders, Hard credit pulls may affect your credit history, Rapid Finance will not take a second position to lenders they consider as direct competitors, Some products require four years in business. She’s kind, compassionate and always available to help me. Businesses in those states will be limited to Rapid Finance's cash advance offerings. With Rapid Finance, you can apply for merchant cash advances and various loan types to secure the funding you need for your business. With an A+ rating on the Better Business Bureau, Rapid Finance could be the ideal choice to secure fast funding for your business. Rapid Finance cannot work with business owners who have personal liens of over $150,000. Rapid Finance is rated 4.88 for customer satisfaction by 80 customers. Your payments will then be deducted from your monthly sales. Write A Review (It only takes 30 seconds!) Short-term preferred loans potentially have the longest repayment term with competitive interest rates. ... review the eligibility … As a reminder, high interest for short-term business loans is almost inevitable—quick, easy-to-qualify-for business financing will always be more costly than longer-term options.Â. In return, the lender collects a portion of the business’s future revenue receivables. Its a great environment and there is always opportunities and room to in the conpany as the company is also growing and hard work is always recognised. They were more rapid then I was to be honest. You’ll only qualify for an add-on after 45 days of using the initial loan, but you’ll be eligible for renewal when you pay down 50% of your current loan. Although, this funding option will require a longer business history. These men are crooks in financial industry. Rapid Finance Reviews The majority of Rapid Finance reviews are positive, giving the company a high rating from consumers. Learn more about Rapid Financial Services and its products by browsing the services it offers. Let’s find out. Our government should take notes from Connor and Rapid Finance! Matthew was also a co-author for Startup Guide—a series of guidebooks designed to assist entrepreneurs in different cities around the world. Matthew Speiser is a former staff writer at Fundera. Rapid Financial Services Review. Still, there is no minimum if an owner at least signs on the loan agreement and provides a personal guarantee. Rapid Finance is a leading online financial services company that offers flexible funding solutions to small and medium-sized businesses. User reviews on TrustPilot are also overwhelmingly positive. Rapid Finance’s user review footprint trends positive overall. My advice is stay away from this terrible company. For some applicants, Rapid Finance will also consider multiple factors, including: If there are no unusual circumstances, you can expect to receive an initial offer within six hours —and the agreed-upon funds in your account within two days. Â. This payment schedule will provide you with information about their prepayment discount—where they can only offer you a discount fee on the remaining amount instead of forgiving interest. A common theme among negative Rapid Finance reviews is the high cost of capital. Moreover, every Rapid Finance client gets a personal business advisor that can help them determine what type of funding they should pursue and what they should do once they are funded. Though employees were very friendly and were happy to help with my needs … Do not trust good reviews. This company is not yet accredited.See reviews below to learn more or submit your own review.. Rapid Finance typically requires borrowers to own 50% of their business to qualify. I had a driver in Indiana waiting to pick up a fleet, and I told him to "Trust Connor, I have faith in him!" Based on our Rapid Finance reviews, startups would not be eligible for financing because of the time in business and annual revenue requirements. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Rapid Finance, formerly Rapid Advance, is an alternative lender that provides three tiers of short-term business loans to small businesses. Olivia Dawson has been an amazing asset for my practice. Let’s break down the features, terms and Rapid Finance interest rates you can expect for each product. Can’t wait to borrow more . Overall, Rapid Finance complaints often involve their factor fees because they are expensive. What are online reviewers saying about Rapid Finance? Rapid Finance's business term loans are also not available to borrowers in New Jersey, Montana, Nevada, Rhode Island. 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