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Rapid Finance Reviews


bestfor-icon A Wide Array of Funding Options

Written by Andrew Omalley

About Rapid Finance | Read More


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Mon - Fri 9:00 AM - 6:00 PM EST
Sat - Sun Closed
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  • customerservice@rapidfinance.com
  • (866) 224-1162
  • Headquarters 4500 East West Hwy Ste 6 Bethesda, MD 20814-3327
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Rapid Finance Business Loans Review

Rapid Finance has a comprehensive list of different business loan types for you to check out. The exact terms and requirements of these loans will be different depending on which you decide to go for. One thing across the board that is common will be the fast funding times and quality customer support.

Rapid Finance Business Loans Highlight


Min Credit Score


Loan Amount

5 months - 3 years

Repayment terms


Soft Credit Pull


Lender Type


Other Fees


Origination Fee


Prepayment Fee

24 Hours

Funding Time


Annual Revenue


Time in Business

Pros & Cons

  • con-icon Fast time to funding
  • con-icon Low barrier to entry
  • con-icon Quality customer support team
  • con-icon Good track record
  • con-icon Not the most competitive rates

Business Loan Types

  • SBA Loans
  • Business Line of Credit
  • Invoice Factoring
  • Merchant Cash Advances

Rapid Finance Business Loans Terms & Requirements

The Rapid Finance loans are all unsecured, so you do not need to put up any form of collateral.

There are many different types of business loans you can get through Rapid Finance, including lines of credit, small business loans, merchant cash advances, bridge loans, SBA loans, invoice factoring, and asset-based loans. The exact terms will depend on the type of business loan you ultimately go for.

Taking a small business loan as an example, you can borrow between $5,000 and $1 million. The term lengths available are between 3 months and 5 years, while you can get funding in as little as 24 hours.

How to Apply

There is a very simple application process in place at Rapid Finance. The initial step sees you either applying online or giving the support team a call. Initially, you will need to provide your business tax ID, business bank statements for the past three months, and then submit the initial application. A soft credit check takes place at this stage.

Rapid Finance will then review your application and then showcase what the best types of loan products will be for your needs. Once you choose a given option and fill out the official application, you will be subject to a hard credit check. The Rapid Finance team aims to approve applications within hours and will then release the funds.

Qualification Requirements

  • Monthly revenue of $5,000+
  • Credit score of at least 550
  • Business tax ID

Required Information

  • Bank statements for the past three months
  • Business tax ID
  • Government-issued ID
  • Last three credit card statements

State Availability

- Available in all states

Andrew is a freelance writer who has been crafting valuable pieces of content relating to personal finance for more than five years. Previously, he studied Economics & Finance at university and he has professional qualifications relating to financial advice.



Does Rapid Finance offer 24/7 customer support?

The customer support team at Rapid Finance will only be working during certain hours Monday to Friday.

How long does it take to get loan approval at Rapid Finance?

You will often get loan approval within a few hours of submitting your application.

How much has Rapid Finance funded over the years?

Rapid Finance has issued loans totaling more than $3 billion over the years.

Customer Support

There are many great ways through which you can speak with the customer support team at Rapid Finance. You are able to send an email to the team or ring them by phone. Live chat is an option, while you can even pop into one of its physical locations.

The quality of the customer support responses tends to be up there with the best of them. This means that you can quickly get any necessary information when submitting your application or simply looking to do some further fact-finding.

Privacy & Security

Rapid Finance has a 94% 5-out-of-5-star review rating on Trust Pilot. Reviewers mention fast responses from customer service via phone, easy financing qualification, and a simple-to-use account interface. There are 1,147 Trust Pilot reviews from verified Rapid Finance customers.

The company states that they have an 85% return customer rate, which means that 85% of their customers who use Rapid Finance’s services return for another loan. On Trust Pilot, they are ranked 12 out of 168 in the Non-Bank Financial Services Category.

Their privacy policy, published on the Rapid Finance website, the company states that they may share your personal contact information with third parties, but will do so only with the customer’s permission.

In Conclusion

Rapid Finance is part of a new wave of online lenders that really focuses on providing a hugely flexible range of business loan types. You can get very niche with the Rapid Finance products, which means that you can save a lot of hassle in the long run by not settling for an inappropriate type of business loan.

Brand Disclaimer

*Small Business Financial Solutions, LLC offers term loans and lines of credit (pursuant to its California Lenders License No. 603-I855) and factoring in California. Small Business Financial Solutions, LLC and Rapid Financial Services, LLC offer term loans, lines of credit and factoring outside of California. Commercial Servicing Company, LLC arranges term loans and lines of credit in California (pursuant to its California Finance Lenders License No. 603-J299) and arranges term loans, SBA loans, lines of credit, factoring, asset-based loans, commercial real estate loans and business credit cards outside of California.