RapidAdvance provides small business loans, merchant cash advances, lines of credit and SBA bridge loans. We compiled user reviews from around the web and determined that RapidAdvance has generally positive ratings. We also compared the most popular pricing options for small business owners.
RapidAdvance Customer Reviews
Ease of Use: Good
Customer Service: Good
Summary of User Reviews
What RapidAdvance does well:
Users who recommend RapidAdvance had a positive experience with the company’s customer service. Customers also liked that the application process was easy and very quick.
What RapidAdvance does not do well:
Users who gave the company negative feedback reported that the approval process dragged out longer than expected and that they paid quite a bit of money every month.
Most Helpful Positive User Review
A user who gave RapidAdvance a positive review said that the company’s customer support team was competent, efficient and made the entire process as easy and hassle free as possible.
Most Helpful Negative User Review
A user who gave the company negative feedback said that he received an unsolicited offer for additional funds. He completed all the required signature documents but ultimately didn’t get an approval.
RapidAdvance offers merchant cash advances and business loans in amounts of $5,000 to $500,000. The effective APR for most RapidAdvance merchant cash advances ranges from 50-80%. Businesses with at least 3 years in operation and good credit standing can qualify for the best rates.
|Loan Amounts||$5,000 - $500,000|
|Funding Speed||3 Business Days|
|Time in Business||3 Months|
|Minimum Credit Score|
(check your score for free here)
|Min. Monthly Credit Cards Sales||$2,500|
|APR||50% - 80%|
|Payback Time Period||4 - 12 Months|