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 Finance customers highlight quick loan approval and funding time, great staff and customer service, and competitive rates. Rapid Finance customers highlight quick loan approval and funding time, great staff and customer service, and competitive rates. Professional reviews are a little more measured, but on the whole, Rapid’s reputation is pretty good. The company has an excellent Trustpilot score of 9.8 out of 10 and 99% positive customer reviews. Anthony Birch with Rapid Finance managed every detail of our funding without a hitch. Rapid Finance Reviews The majority of Rapid Finance reviews are positive, giving the company a high rating from consumers. From the beginning when I first spoke to Eddie I had a good feeling. An expert advisor walks clients every step of the way through the application and repayment process. Busy small business owners might not be knowledgeable about their funding options. Rapid Finance typically requires borrowers to own 50% of their business to qualify. Tell us about your experience with Rapid Finance: Your name: Your email address: Trust Mamma Reviews. Check out what 1,301 people have written so far, and share your own experience. Professional people /company . You can also connect your business bank account to import your bank or credit card statements automatically. We changed our name. 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. 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. In fact, many Rapid Finance reviews call out specific business advisors who have made the process easier for their customers. 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. Joel was super helpful made the process extremely easy. Still, there is no minimum if an owner at least signs on the loan agreement and provides a personal guarantee. Professional, Efficient, Reliable Service. Best Features Rapid Finance can fund business loans as fast as one day. 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. 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. Rapid Finance's business term loans are also not available to borrowers in New Jersey, Montana, Nevada, Rhode Island. Never has anyone made a lending transaction so painless and so fast! *All reviews are provided by genuine Rapid Finance customers. Do you agree with Rapid Finance's TrustScore? Multiple loan options are available, with funds of up to $1,000,000. ... review the eligibility … Rapid Finance is rated 4.88 for customer satisfaction by 80 customers. How to qualify Rapid Finance is a leading online financial services company that offers flexible funding solutions to small and medium-sized businesses. She helped and guided me through every step. Rapid Finance has one of the best reputations for customer service in the small business financing industry. Thank you Anthony! We should also note that customers have complained about Rapid Financeâs cumbersome application process. Find out what works well at Rapid Finance from the people who know best. In return, the lender collects a portion of the businessâs future revenue receivables. 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. Anna Enwia helped us out and she really made it enjoyable to work with. He was able to answer all questions and turn the loan around for me faster than expected. 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 âand the agreed-upon funds in your account within two days.Â Â. Letâs break down the features, terms and Rapid Finance interest rates you can expect for each product. In particular, customers appreciate that they get a dedicated business advisor who can work with them to ensure they manage their financing responsibly. The man. Uncover why Rapid Finance is the best company for you. He was thorough in explanations and he made sure to follow up on deadlines and documents needed for seamless processing. Rapid Ratings International Inc. is a SaaS technology firm that provides information on the financial health of public and private companies around the world. Rapid Financial Services Review. Definitely recommend him! Rapid Finance will automatically debit your first payment on the same day or a week after they fund your application. Working with her at Rapid Finance has kept things flowing and taken waiting out of the lending process. Rapid Finances reviews by customers rave about the excellent level of service. Starting at 0.25% per week; Starting at 4.8%. and various loan types to secure the funding you need for your business. Voice your opinion today and hear what 1301 customers have already said. I've never been treated this nice obtaining any loan. Rapid Financial Services was founded in 2005 and is based in Bethesda, MD. At Rapid Finance, our mission is to find solutions for small business owners, fast. Looking for PPP funding? Rapid Finance Reviews. 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. Although, this funding option will require a longer business history. Reply from Rapid Finance Feb 28, 2020 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. Learn more about Rapid Financial Services and its products by browsing the services it offers. What's more, Rapid Finance has an A+ with the BBB, and 98% positive reviews. I will definitely do business with Rapid Finance again. Please feel free to reach out to us 240.514.1962 so that we can better understand your concerns.”. 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 on our Rapid Finance reviews, startups would not be eligible for financing because of the time in business and annual revenue requirements. With Rapid Finance, you can apply for merchant cash advances and various loan types to secure the funding you need for your business. My experience with Rapid Finance was good, unfortunately let down but some slow communication. Write A Review (It only takes 30 seconds!) Though employees were very friendly and were happy to help with my needs … Small Business Loans in Bethesda, MD. Jordan Buchanan was very professional, fast acting, and knowledgeable. Our team knows the ins and outs of owning a business, and we are 100% committed to helping small businesses expand. I highly recommend rapid finance. … Apply for your first or second PPP loan, Â© 2021 Fundera Inc., 123 William Street. He has written extensively about ecommerce, marketing and sales, and payroll and HR solutions, but is particularly knowledgeable about merchant services. A common theme among negative Rapid Finance reviews is the high cost of capital. See reviews below to learn more or submit your own review. It is fantastic service. This process will include a hard credit pull for your credit history.Â. Anthony handled our request professionally and quickly Triple AAA! 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. They were more rapid then I was to be honest. This is my second time using Rapid Finance and the entire team is fantastic. Based in New Jersey, Rhode Island, Montana, Vermont, South Dakota, or Nevada, Sole proprietorships in Pennsylvania or Oklahoma. Anthony Birch is AWESOME! The company’s analytics system allegedly provides insights into third-party partners, suppliers, vendors, and customers. On average, they fund in two days. Get the inside scoop on jobs, salaries, top office locations, and CEO insights. The Fundera team has carefully vetted Rapid Finance and determined that their offering is one of the best in their product category. 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. 21st Floor, New York, NY 10038. Compare pay for popular roles and read about the team’s work-life balance. Rapid Financial Solutions states that the user agrees to all terms upon use - including binding arbitration. Thanks again. I had a driver in Indiana waiting to pick up a fleet, and I told him to "Trust Connor, I have faith in him!" The following sections will cover the steps necessary in securing financing through Rapid Finance. Rapid Finance’s user review footprint trends positive overall. Overall, Rapid Finance complaints often involve their factor fees because they are expensive. David Hirmaz was very helpful. 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 Financial Services, LLC, doing business as RapidAdvance, provides financing services. What are online reviewers saying about Rapid Finance? User reviews on TrustPilot are also overwhelmingly positive. In response, Rapid Finance has worked to make their self-service portal more intuitive, leading to less friction and more loan application approvals. I would also be willing to hire her for our business but she said she’s happy where she’s at. 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 wonât take a second position to an alternative lender that they consider a direct Rapid Finance competitor. 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