I could not have done this without her support.The results were perfect for our needs.We look forward to doing business with you in the future.Caryn McIntyreMAC's Catering Inc, Only the latest review will count in the company's TrustScore, We are sorry that you had a poor experience. Rapid Finance requires a minimum of three active trade lines open for more than two years. Excellent experience. Rapid Financial Services Review. Rapid Finance’s bad credit personal loans come with a number of features, which comprise of the following: Additional repayments. This is a fair service for small business that need a quick injection of cash for working capital etc. They are all set up. Rapid Finance Reviews The majority of Rapid Finance reviews are positive, giving the company a high rating from consumers. In fact, many Rapid Finance reviews call out specific business advisors who have made the process easier for their customers. 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. Anthony Birch with Rapid Finance managed every detail of our funding without a hitch. Rapid Finance's business term loans are also not available to borrowers in New Jersey, Montana, Nevada, Rhode Island. David Hirmaz was very helpful. Please feel free to reach out to us 240.514.1962 so that we can better understand your concerns.”. Rapid Finance is a leading online financial services company that offers flexible funding solutions to small and medium-sized businesses. https://www.businessnewsdaily.com/8441-best-merchant-cash-advance.html Apply for your first or second PPP loan, © 2021 Fundera Inc., 123 William Street. I am able to save all my important data and share it with my colleagues easily. Contact This is my second time using Rapid Finance and the entire team is fantastic. 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. Rapid Finance cannot work with business owners who have personal liens of over $150,000. Rapid Finance assesses each application individually and looks at your current circumstance to make a final decision. Do you agree with Rapid Finance's TrustScore? Jordan went above and beyond to help me and my business. Rapid Finance has mostly positive customer reviews and only a few complaints. This process will include a hard credit pull for your credit history.Â. 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. Many cite the quality service they received from Rapid Finance as the reason for their positive rating. They were more rapid then I was to be honest. The company’s analytics system allegedly provides insights into third-party partners, suppliers, vendors, and customers. Anthony handled our request professionally and quickly Triple AAA! Professional people /company . I needed money for my business and he was able to help for sure. Can’t wait to borrow more . Find out what works well at Rapid Finance from the people who know best. The rates at Rapid Finance are higher than traditional loans but are fair compared to what I've seen on the market. They will lie and will do anything to rip you off. 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. Short-term preferred loans potentially have the longest repayment term with competitive interest rates. Let’s find out. What's more, Rapid Finance has an A+ with the BBB, and 98% positive reviews. Anthony Birch is AWESOME! 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 will automatically debit your first payment on the same day or a week after they fund your application. See reviews below to learn more or submit your own review. Matthew Speiser is a former staff writer at Fundera. Reviews from Rapid Finance employees about Rapid Finance culture, salaries, benefits, work-life balance, management, job security, and more. Rapid Finance has one of the best reputations for customer service in the small business financing industry. Rapid Finance customers highlight quick loan approval and funding time, great staff and customer service, and competitive rates. User reviews on TrustPilot are also overwhelmingly positive. If you are lucky enough to have Connor managing your request, you will forever be grateful. Rapid Financial Services was founded in 2005 and is based in Bethesda, MD. She earned my trust and I don’t trust people often but she explained everything in details and followed through like a real professional. Rapid Finance is in Fundera’s Lender Network. RapidAdvance is now Rapid Finance. Rapid Finance Reviews The majority of Rapid Finance reviews are positive, giving the company a high rating from consumers. Do not trust good reviews. These men are crooks in financial industry. If you’re seeking a standard loan that you can use toward various business expenses, then a short-term standard loan is worth considering. Let’s break down the features, terms and Rapid Finance interest rates you can expect for each product. If you are lucky enough to have Connor managing your request, you will forever be grateful. Rapid Finance will not fund your businesses with more than six NSF days in the last two months. You can also read our community reviews and hear what others have to say about their experience with Rapid Financial Services. Our financing options such as our business loans were created to help you accomplish great things. Compare pay for popular roles and read about the team’s work-life balance. ... review the eligibility … A helpful and honest representative will guide small business owners in securing financing that aligns with their capital needs and budget. At Rapid Finance, our mission is to find solutions for small business owners, fast. *All reviews are provided by genuine Rapid Finance customers. 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. Rapid Finance is rated 4.88 for customer satisfaction by 80 customers. Prior to Fundera, Matthew was an editorial lead at Google and an intern reporter at Business Insider. With Rapid Finance, you will receive a schedule of your daily or weekly repayment amounts. 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. The short-term select loan is comparable to the standard loan mentioned above, with some slight differences. Our reviews are aggregated from multiple sources to give you the best overview about rapidadvance.com. Rapid Finance has 5 stars! She was sweet, kind and very knowledgeable. Rapid finance is a great company to work for. Rapid Finance, formerly Rapid Advance, is an alternative lender that provides three tiers of short-term business loans to small businesses. Looking for PPP funding? I highly recommend. to small businesses. Matthew was also a co-author for Startup Guide—a series of guidebooks designed to assist entrepreneurs in different cities around the world. Olivia Dawson has been an amazing asset for my practice. With Rapid Finance, you can apply for merchant cash advances and various loan types to secure the funding you need for your business. Thanks to Connor this mayhem we called 2020 ended on a positive note for our organization! Your payments will then be deducted from your monthly sales. Thanks, Anna! Rapid Finance reviews and complaints. I highly recommend rapid finance. You will be redirected to our new site automatically. 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. She really made sure I received my loan when I needed it most to save our business. Amazing Service Yet Again! What are online reviewers saying about Rapid Finance? Small Business Loans in Bethesda, MD. Many positive Rapid Finance reviews praise them for exceptional customer service. © 2021 Trustpilot, Inc. All rights reserved. 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. You can apply for a renewal directly from the self-service portal. I will definitely do business with Rapid Finance again. Thanks Olivia for helping me bridge those tough times. I've never been treated this nice obtaining any loan. Uncover why Rapid Finance is the best company for you. From the beginning when I first spoke to Eddie I had a good feeling. On average, they fund in two days. This company is not yet accredited.See reviews below to learn more or submit your own review.. Rapid Finance won’t report your repayment activity to business credit bureaus or personal credit bureaus.Â. Never has anyone made a lending transaction so painless and so fast! Rapid Financial Solutions states that the user agrees to all terms upon use - including binding arbitration. She helped and guided me through every step. Thanks GuysNick Yatros helped me get my loan fast. Rapid Finance Small Business Loan Review Rapid Finance Small Business Loan is a business financing offering by Rapid Financial Services, based in Bethesda, MD. … Rapid Finance can fund an application on the same day or a maximum of seven days. Thank you Anthony! Still, there is no minimum if an owner at least signs on the loan agreement and provides a personal guarantee. He makes the process easy and fast. 21st Floor, New York, NY 10038. It is fantastic service. ! The company has an A+ rating with the BBB and an unusually high number of positive reviews on the watchdog site. Rated 9.8 /5 based on 79 reviews Definitely recommend him! My advice is stay away from this terrible company. Rapid Finance is rated 4.88 for customer satisfaction by 80 customers. Voice your opinion today and hear what 1301 customers have already said. 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. 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. Rapid Finance (Loan): 4.3 out of 5 stars from 147 genuine reviews (page 2) on Australia's largest opinion site ProductReview.com.au. Professional reviews are a little more measured, but on the whole, Rapid’s reputation is pretty good. All Rights Reserved. 81 Rapid Auto Loans Reviews and Complaints @ Pissed Consumer I have already recommend them to all of my friends that have Thier own business. This was a longer process than I had imagined, with a huge amount of emailing and document sending . Overall, Rapid Finance complaints often involve their factor fees because they are expensive. Having provided more … Anna Enwia is great to work with! Busy small business owners might not be knowledgeable about their funding options. You can view your repayment progress and statements through the customer portal. Rapid Ratings International Inc. is a SaaS technology firm that provides information on the financial health of public and private companies around the world. Anna Enwia helped us out and she really made it enjoyable to work with. 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. Joel! 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. The man. 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. Business Finance Advance was established to provide businesses of all sizes with a quick and easy way to obtain hard to get business loans. Professional, efficient, reliable and punctual. With an A+ rating on the Better Business Bureau, Rapid Finance could be the ideal choice to secure fast funding for your business. Though employees were very friendly and were happy to help with my needs … Let’s break down the features, terms and Rapid Finance interest rates you can expect for each product. Best Features Rapid Finance can fund business loans as fast as one day. You guys are awesome!! See BBB rating, reviews, complaints, request a quote & more. Good to work with no scam here dont need to go get a prepaid card to get loan. 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. 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! He has written extensively about ecommerce, marketing and sales, and payroll and HR solutions, but is particularly knowledgeable about merchant services. Learn more about Rapid Financial Services and its products by browsing the services it offers. In response, Rapid Finance has worked to make their self-service portal more intuitive, leading to less friction and more loan application approvals. This offer factors your business’s cash flow and lists which Rapid Finance products you qualify for. The following sections will cover the steps necessary in securing financing through Rapid Finance. 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. Connor had me approved in 1 day! 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. What is a personal loan? To continue please correct or complete the following: I need capital for: We will definitely utilize Rapid Finance and Anthony for any of our future needs. The company has an excellent Trustpilot score of 9.8 out of 10 and 99% positive customer reviews. Working with her at Rapid Finance has kept things flowing and taken waiting out of the lending process. This is my second loan with him and RF. With the passing of the CARES Act, the SBA has created the Paycheck Protection Program (7a) and Economic Injury Disaster Loan (7b) to help businesses around the country who have been affected by the COVID-19 pandemic .In addition, they are offering SBA Express Bridge Loans … Its a rewarding and exciting job, management is great and all the staff are friendly. I felt very supported by Shawn through the funding experience. How to qualify Check out what 1,301 people have written so far, and share your own experience. Never has anyone made a lending transaction so painless and so fast! 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. In return, the lender collects a portion of the business’s future revenue receivables. When working with Rapid Finance, you can be sure you’re getting transparent, fair pricing on a best-in-class product. Here at Rapid Finance, we specialize in business financing made fast and simple. Founded in 2005, Rapid Financial Services offers access to business loans in 50 states (and Washington, DC). He was able to answer all questions and turn the loan around for me faster than expected. Rapid Finance Reviews. 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. Although, this funding option will require a longer business history. 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. 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. Jordan Buchanan was very professional, fast acting, and knowledgeable. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. Based on our Rapid Finance reviews, startups would not be eligible for financing because of the time in business and annual revenue requirements. 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. Overall, Rapid Finance complaints often involve their factor fees because they are expensive. 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. 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. I had a driver in Indiana waiting to pick up a fleet, and I told him to "Trust Connor, I have faith in him!" Our government should take notes from Connor and Rapid Finance! She’s kind, compassionate and always available to help me. Our team knows the ins and outs of owning a business, and we are 100% committed to helping small businesses expand. Rapid Finance’s user review footprint trends positive overall. Made with, Rapid Finance, formerly Rapid Advance, is an alternative lender that provides three tiers of short-term. Rapid Finances reviews by customers rave about the excellent level of service. Rapid Finance customers highlight quick loan approval and funding time, great staff and customer service, and competitive rates. Multiple loan options are available, with funds of up to $1,000,000. An expert advisor walks clients every step of the way through the application and repayment process. A common theme among negative Rapid Finance reviews is the high cost of capital. Some — though not all — also mention the fast turnaround time. We should also note that customers have complained about Rapid Finance’s cumbersome application process. 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. I would also be willing to hire her for our business but she said she’s happy where she’s at. The Fundera team has carefully vetted Rapid Finance and determined that their offering is one of the best in their product category. For smaller loan amounts, Rapid Finance says they can produce an offer for qualified candidates within minutes (Rapid Finance uses an automated model for smaller loans). and various loan types to secure the funding you need for your business. Tell us about your experience with Rapid Finance: Your name: Your email address: Trust Mamma Reviews. Rapid Finance is rated 5.0 based on 1 review . BBB accredited since 9/7/2010. He really went the extra mile to get my funding approved as quickly as possible and with the best rate possible. 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. Rapid Finance can work with businesses that operate entirely out of a home address that fits certain equity and employment criteria. My experience with Rapid Finance was good, unfortunately let down but some slow communication. Thanks again. This is my second time using Rapid Finance and the entire team is fantastic. Starting at 0.25% per week; Starting at 4.8%. In particular, customers appreciate that they get a dedicated business advisor who can work with them to ensure they manage their financing responsibly. You may contact a business advisor via phone or live chat during regular business hours. He was thorough in explanations and he made sure to follow up on deadlines and documents needed for seamless processing. Through all of the paper work, Sam was wonderful and maintained a very professional attitude. 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. We changed our name. Write A Review (It only takes 30 seconds!) Joel was super helpful made the process extremely easy. Merchant cash advances are ideal when you need capital easily and quickly. A common theme among negative Rapid Finance reviews is the high cost of capital. Professional, Efficient, Reliable Service. In fact, Rapid Finance says 50% of its clients receive same-day funding, while certain loans can be funded in under 10 minutes. 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 . 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. Based in New Jersey, Rhode Island, Montana, Vermont, South Dakota, or Nevada, Sole proprietorships in Pennsylvania or Oklahoma. Reply from Rapid Finance Feb 28, 2020 Businesses in those states will be limited to Rapid Finance's cash advance offerings. Rapid Finance typically requires borrowers to own 50% of their business to qualify. Credit bureaus or personal credit bureaus. at your current circumstance to make their portal! Tiers of short-term you’re getting transparent, fair pricing on a positive note for our loans... The lending process professional, fast is particularly knowledgeable about their funding.. 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