Rapid Advance Small Business Loans Review

#5 in Small Business Loans

RapidAdvance provides financial services to small and medium scale businesses nationwide. They offer flexible funding solutions with a simple, one page application process. The company does not have stringent FICO requirements and therefore a high approval rate.

Features and Services

RapidAdvance offers a variety of financing options for small and medium sized businesses. Businesses can get anywhere from $5,000 to $500,000 with low interest rates.

Businesses with less than ideal FICO scores can take advantage of RapidAdvance’s small business loans. The company’s smooth application process assures fast loan approvals, sometimes in as little as 24 hours. Funds are then deposited within a few days after. Customers can also qualify for additional capital through one of the company’s programs once they have been funded.

RapidAdvance supports and funds multiple types of businesses in many different industries. The company differs from traditional banks as it focuses more on a given applicant's cash flow history and business performance, not just a credit score. Information required during application includes business legal structure, desired loan amount, client’s personal information, and estimated monthly sales. 

Plan Details

Loan Amount

$5,000 to $500,000

Loan Terms

9 to 18 months

Variable Interest Rate

Down Payment

Loan Fees

Closing Cost

Guarantee

Other Fees

Prepayment Penalty

Loan Application

Online Application

Personal Credit Profile

Business Credit Profile

Approval Time

24 hours

Local Branches

Available Nationwide

Application Time

WITHIN MINUTES

Mobile App

Qualifications

U.S. Citizen

Good Credit

Bankruptcy

Years in Business

Starting

Qualified even with bad credit

Help and Support Services

Email Support

24 Hour Telephone Support

Live Chat

FAQs

Looking at RapidAdvance

RapidAdvance’s quick, simple application process and quick funding makes it ideal for businesses searching for small business loans.

Latest Reviews

Start your review for Rapid Advance Small Business Loans
B
Bill
Rapid Advance Small Business Loans review
7/5/2016
I spoke with a representative about a business loan. I was told that my Experian credit score was 682. I felt that this was wrong and immediately ordered a new score from Experian. The new score was 705. I called Experian and they said that their score was accurate although if all of the vendors on my report would update their reports the score would be even higher than the 705. Go figure.