Disclaimer: RapidAdvance has changed its name to RapidFinance. To view the updated review, please click here.
RapidAdvance provides small business loans, merchant cash advances, lines of credit, and SBA bridge loans. They offer loan amounts of $5,000 to $500,000. 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.
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Summary of RapidAdvance User Reviews
What RapidAdvance does well:
Users who recommend RapidAdvance had a positive experience with the company’s customer service.
What RapidAdvance does not do well:
Users who gave the company negative feedback reported that they were denied funding despite being offered additional funds and despite submitting all necessary documents.
Most Helpful Positive User Review
“The company has excellent customer service and always willing to do whatever they can to fit my needs. Everyone I have dealt with in very kind with their approach. They get things done quickly and have kept me happy for at least a year and a half. Very pleased with my choice to continue services with them.”
— Janet L Landgraf
Most Helpful Negative User Review
A user who gave the company negative feedback said that he received an unsolicited offer for additional funds. He complained that even after he completed all the required documents, he still 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 three 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|
Top Lenders 2019
Up to $250,000 for line of credit
600+ for line of credit
- Online application
- High approval rates
- Affordable repayment
Useful RapidAdvance Resources
6 Best Merchant Cash Advance Companies 2019 – Read our buyer’s guide for a comparison of the merchant cash advance providers for small businesses. We compare RapidAdvance vs. Credibly vs. Fora Financial and more to give you an idea of which financing option will work best for your business needs.
Merchant Cash Advance: The Small Business Owner’s Guide – Learn about merchant cash advance including how it works, the application process, payment terms,and more.
6 Best Business Loans for Bad Credit 2019 – Learn about the alternative financing options if you have bad credit (under 600) and can’t get a bank loan.
What Are the Best Invoice Payment Terms for Your Small Business – In this article, we’ll help you determine what payment terms to set to get paid faster and establish positive relationships with your customers.
6 Best Unsecured Business Loans 2019 – In this article, we’ll review the best unsecured business loans for borrowers who either can’t or don’t want to pledge personal collateral in order to get a business loan.
RapidAdvance Video Overview
This video shows how you can determine which financing option is right for you.