Rapid Finance
Rapid Finance is a financial services provider specializing in various business loans and advances, with offerings that range from small business loans to commercial real estate loans.
Small Business Loans
Rapid Finance offers small business loans up to $1 million for businesses looking to expand, purchase inventory, or cover operational expenses. These loans are designed to provide quick capital injection to meet immediate business needs.
Merchant Cash Advances
Rapid Finance provides merchant cash advances up to $500,000. This financial product is tailored for businesses seeking a lump sum payment in exchange for a percentage of future sales. It is ideal for businesses that need flexible repayment options based on sales volume.
Lines of Credit
Rapid Finance offers lines of credit ranging from $5,001 to $250,000. This product allows businesses to borrow as needed up to the credit limit and pay interest only on the amount used. It is suitable for managing cash flow fluctuations or unexpected expenses.
Bridge Loans
Rapid Finance provides bridge loans from $5,001 up to $1 million. These short-term loans are designed to 'bridge' the gap between financial obligations when other financing is not yet available. They are commonly used for real estate transactions or securing immediate funding.
SBA Loans
Rapid Finance offers SBA loans ranging from $500 to $5.5 million. These loans are backed by the Small Business Administration and offer favorable terms for businesses looking to start, acquire, or expand their operations. The SBA loans come with longer repayment terms and lower interest rates.
Invoice Factoring
Rapid Finance provides invoice factoring from $20,000 up to $10 million. This financial service involves selling a business's accounts receivable to Rapid Finance at a discount in exchange for immediate cash. It is particularly useful for businesses with slow-paying clients.
Asset-Based Loans
Rapid Finance offers asset-based loans from $50,000 up to $10 million. These loans are secured by business assets such as inventory, accounts receivable, or equipment. They provide businesses with the working capital needed to operate and grow.
Commercial Real Estate Loans
Rapid Finance provides commercial real estate loans from $75,000 up to $2 million. These loans are designed for the acquisition, renovation, or refinancing of commercial properties. They offer businesses the opportunity to invest in real estate and reap long-term benefits.
Partner Program
Rapid Finance offers a partner program for business finance brokers, equipment leasing, and credit card processing. This program allows partners to expand their service offerings and provide their clients with comprehensive financing solutions. It enhances the financial product portfolio available to partners' clientele.
Funding Across Various Industries
Rapid Finance has funded over $3 billion across various industries. The company's extensive experience in different sectors enables it to understand the unique financial needs of diverse businesses. This broad funding base demonstrates its capability to support a wide range of business types.