Rapid Finance is a financing solution that provides an instant loan up to $1 million.
This loan can be used to help meet business goals, provide a variety of business capital, and be managed over the course of the loan.
Rapid Finance is a personal loan company that can provide you with the financing you need.
The company is known for their quick funding process. The company was founded 17 years ago in the year 2005 and is headquartered in Bethesda, Maryland, US.
Rapid Finance has been able to provide funding to tens of thousands of businesses throughout the United States.
To learn more about Rapid Finance and their services, keenly read this article as this article will cover everything that you need to know about Rapid Finance.
Table of Contents
What is Rapid Finance?
Rapid Finance is a Small business financing company that offers up to $500,000 loan with a range of financing options.
What is small business financing?
According to Wikipedia, Small business financing refers to the means by which an aspiring or current business owner obtains money to start a new small business, purchase an existing small business or bring money into an existing small business to finance current or future business activity.
What Makes Rapid Finance the best option?
Below are the reasons why you should choose Rapid Finance over the lots.
Fast Funding
Get your loan disbursed to you within hours of application and approval
Tailored Financing
This Financing is specifically created for small businesses.
Easy Process
No matter where you are and the time it is, you can apply within minutes from your device.
How to apply for Rapid Finance Loan?
To apply for Rapid Finance Loan, kindly read on to find the best Rapid Finance loan option that best fit your need.
However, you can click here to Apply straight away if you Apply know the loan option best for you?
Rapid Finance’s Business Financing Options
Small Business Loan
This Business financing option is great for receiving funds in one lump sum with fixed payments and a fixed term.
Small business loans are ideal for bridging a gap or fluctuation in business cash flow, for a one-off purchase of equipment, to capitalize on an opportunity or complete a big job.
Small Business Loan Amount
Rapid Finance can give a loan amount of $5,000 up to $1 million.
Small Business Loan Terms
This Loan terms starts from 3 months and ranging up to 60 months.
Small Business Loan Payment Frequency
This loan option have an automatic daily, weekly or monthly payments withdrawn from the business account on file.
Is very easy and flexible.
Small Business Loan Fixed Payments
The fixed payment amount is automatically withdrawn from the business bank account.
Small Business Loan Key Benefits
Below are the Key Benefits of this small business loan option:-
- Easy application process.
- Fixed payments.
- Longer terms and access to higher dollar financing amounts
Small Business Loan Cost and Fees
An interest charge or fixed fee will be charged.
Other fees may also be charged.
Click Here to Apply for Small Business Loan
Merchant Cash Advance
This Rapid Finance Loan option offers variable payments based on a portion of your credit card sales or other receivables.
An advance is great for businesses that want more flexibility as the advance has variable payments based on credit card sales or receivables.
Advance Amount
You can get an advance amounts starting at $5,000 and range up to $500,000.
Estimated Completion Date
Payments are based on the business’ receivables so there is no fixed payment term.
Merchant Cash Advance Payment Frequency
Variable automatic payments based on the business receivables.
Merchant Cash Advance Flexible Payments
Automatic payments calculated based on a percentage of the business’ credit card sales or other receivables.
Key Benefits of Merchant Cash Advance
An advance is great for businesses that have high credit card sales or receivables or are seasonal.
Merchant Cash Advance Cost and Fees
The receivables are purchased at a discounted price and fees may be charged and deducted from the advance amount.
Click Here to Apply for merchant cash advance
Line of Credit
Another Rapid Finance Loan option is Line of credit. This is ideal for repeat cash flow needs.
Businesses have access to the approved amount whenever they need it, which makes it great for those unexpected expenses.
Available funds for Line of Credit
Credit limits starting at $5,000 up to $250,000
Line of Credit Payment Terms
Amortization can be from 3-18 months. Term may reset every time you draw capital.
Line of Credit Payment Frequency
The Line of Credit have a fixed daily, weekly or monthly payments withdrawn from the business bank account on file.
Line of Credit Flexible Payments
Line of Credit Payment is very flexible, payments are automatically withdrawn from the business bank account.
Line of Credit Key Benefits
One mmajor benefit of Line of Credit the flexible product as it allows a business to have capital ready to go when the business may need it.
Line of Credit Cost and Fees
An interest charge or fixed fee will be charged.
Other fees may also be charged.
Click Here to Apply for Line of Credit
Bridge Loan
Bridge Loan is a short term loan available to businesses while they secure permanent financing or remove an existing financial obligation.
It is Ideal for businesses that need to meet current obligations with immediate cash flow.
Bridge Loan Amount
Bridge Loan offers loan amounts starting at $5,000 and range up to $1 million.
Bridge Loan Terms
This Loan have a term tenure starting at 3 months ranging up to 60 months.
Payment Frequency
Bridge Loan have automatic daily, weekly or monthly payments withdrawn from the business account on file.
Fixed Payments
The Bridge Loan’s fixed payment amount is automatically withdrawn from the business bank account.
Key Benefits of Bridge Loan
With Bridge Loan, you have access to quick capital for a short term until the business is able to secure a longer term loan.
Bridge Loan Cost and Fees
An interest charge or fixed fee will be charged.
Other fees may also be charged.
Click Here to Apply for Bridge Loan
SBA Loan
An SBA loan is a long-term, low fee small business loan partially guaranteed by the government that can be used for business purposes.
SBA Loan Amount
Loan amounts range from $500 up to $5.5 million
Loan Terms
Loan terms ranging from 1 year up to 30 years.
Payment Frequency
Monthly payments from an account on file
Click Here to Apply for SBA Loan
Invoice Factoring
Invoice Factoring, which is also known as accounts receivables factoring, allows businesses to turn pending invoices into immediate funds.
Advance Amount
Advance amounts starting at $20,000 and range up to $10 million.
Easy Application
Apply and submit your outstanding invoices.
Simple Process
Get immediate access to capital on outstanding 30, 60 or 90 day invoices.
Click here to Apply for Invoice Factoring
Asset Based Loan
Asset based loans are based on company assets that are used as collateral to secure business financing.
This allows you to borrow based on company assets on an ongoing basis to cover expenses or investments.
Asset Based Loan Amount
Loan amounts starting at $50,000 and range up to $10 million.
Asset Based Loan Terms
Loan terms starting at 6 months ranging up to 36 months.
Asset Based Loan Payment Frequency
Fixed daily, weekly or monthly payments
Click here to Apply for Asset Based Loan
Commercial Real Estate Loan
This loan is to help finance the purchase, development, or repair of land, buildings, offices, and other commercial properties.
Commercial Real estate Loan Amount
Loan amounts starting at $75,000 and range up to $2 million.
Commercial Real Estate Loan Terms
This loan terms starts as low as 5 years ranging up to 20 years.
Payment Frequency
Monthly payments from an account on file
Click here to Apply for Commercial Real Estate Loan
Contact Rapid Finance
If you have any questions, difficulties or you need help, you can contact Rapid support team on 877-204-2928 or visit their contact us page on their website to contact them. (CLICK HERE)
Conclusion
We hope you enjoyed our article on Rapid Finance. With Rapid Finance, small business owners around the world can get a loan in a matter of minutes.
Hopefully, this article provides you with the answers that you are looking for.
If you have any further questions about Rapid Finance, please do not hesitate to ask us via the comments section below.
Thank you for reading, we would love to hear from you!
