Rapid Finance Reviews

Rapid Finance's asset-based loans are designed for small businesses needing working capital. These loans are secured by business assets like inventory, accounts receivable, equipment or other property. The more liquid the asset, the less risky and potentially cheaper the loan is.

Since these loans are collateralized, the loan amount depends on the asset's value, but amounts are available from $50,000 to $10 million, with terms of six to 36 months in daily, weekly or monthly payments.

Rapid Finance's bridge loans are short-term solutions ideal for businesses facing unexpected costs while securing long-term financing. These loans provide immediate funding, helping businesses manage cash flow, buy real estate or expand operations. They’re ideal if your business needs temporary financial support during transitions to more permanent financing solutions.

Loan amounts are available from $5,001 to $1 million with terms of three to 60 months in automatic daily, weekly or monthly payments.

A Rapid Finance commercial real estate loan is used to purchase or renovate commercial property. You receive a lump sum to finance the property, which you then repay over time with interest. This loan is secured by the real estate itself, which serves as collateral.

Amounts are available from $75,000 to $2 million, with terms of five to 20 years, repaid in monthly payments.

With invoice factoring, you sell your business’s unpaid invoices at a discount to Rapid Finance for immediate cash. Then, Rapid Finance collects payment directly from your customers. Also known as accounts receivables factoring, this service is particularly useful for businesses with long invoice payment cycles that need working capital immediately to continue operations.

Invoice factoring is available in amounts from $20,000 to $10 million and Rapid Finance will collect payments as invoices are paid.

Rapid Finance's line of credit is revolving, meaning you can reuse it after repaying borrowed funds. You get approved for a maximum amount and can draw funds as needed. Similar to a credit card, you only pay interest on the amount you use rather than the total credit limit.

Lines are available from $5,001 to $250,000 with terms of three to 18 months (term resets for each draw) and daily, weekly or monthly payments.

A merchant cash advance (MCA) from Rapid Finance provides quick cash now in exchange for a portion of future sales. Instead of fixed monthly payments, you repay the advance through a percentage of your daily or weekly credit card sales. This means that the amount you pay varies based on your sales volume. It can be ideal if you have variable or seasonal income.

Loan amounts are available from $5,000 to $500,000 with terms based on business receivables.

An SBA loan is a type of small business loan that’s partly guaranteed by the U.S. Small Business Administration (SBA). It has perks like lower interest rates and longer repayment terms than most business loans. Rapid Finance helps businesses apply for these loans, which are then approved and funded by the SBA and its partners.

Loan amounts are available from $500 to $5.5 million, with terms of one to 30 years in monthly payments.

A Rapid Finance small business loan gives you a set amount of money with a fixed repayment schedule. Once you accept the terms and complete any necessary paperwork, you get a lump sum of cash. Then, you repay the loan amount plus interest over time. You can use the loan for almost anything, like expansion, inventory or equipment.

Loan amounts are available from $5,001 to $1 million with terms of three to 60 months in automatic daily, weekly or monthly payments.