Business Details
21 Years
experience
Fast Business Financing Solutions
Rapid Finance has been empowering small businesses with fast, transparent, and tech-enabled financing solutions since 2005. Our team of seasoned professionals brings decades of combined experience in financial services, leveraging innovative technology to deliver working capital tailored to unique business needs. We specialize in flexible financing options including business loans, merchant cash advances, lines of credit, and SBA loans, with a commitment to no hidden fees and 24/7 client support.Our leadership team, including executives from Capital One and Green Dot Corporation, has facilitated over $3 billion in funding across diverse industries. By maintaining an A+ BBB rating and 5.0 Trustpilot score, we demonstrate our dedication to building long-term relationships through reliable service and ethical practices. Our proprietary digital platform enables same-day funding approvals, while our nationwide network of partners ensures businesses receive personalized support throughout their growth journey.
Services
Business Loans
Merchant Cash Advance
Line of Credit
Bridge Loan
SBA Loan
Invoice Factoring
Asset Based Loans
Commercial Real Estate Loan
Details
- Year established: 2005
Highlights and features
- Funding available within hours of approval
- Flexible payment options tailored to business needs
- Transparent quotes with no hidden fees
- Nationwide network of financing partners
- Dedicated business advisors with industry expertise
Associations and certifications
- Better Business Bureau
- Trustpilot
What people say
Fast funding process
Excellent customer service
Flexible payment options
Transparent terms
Same-day approvals
Services
Business Loans
Structured financing solutions for business expansion, equipment purchases, and working capital needs. Funds ranging from $5,001 to $1 million with fixed payments and terms from 3 to 60 months. Ideal for businesses seeking predictable repayment schedules and larger capital infusions.
Merchant Cash Advance
Flexible funding option based on future credit card sales, offering advances from $5,000 to $500,000. Variable payments tied to business revenue provide seasonal flexibility. Suitable for businesses with high card transaction volumes seeking quick access to capital.
Line of Credit
Access up to $250,000 in working capital with flexible draw options and payments based on amounts used. Terms reset with each draw, offering ongoing financial flexibility for managing cash flow gaps and unexpected expenses.
SBA Loans
Long-term financing partially guaranteed by the Small Business Administration, offering amounts from $500 to $5.5 million. Competitive terms up to 30 years with monthly payments, designed for businesses requiring substantial capital for expansion or major investments.
Bridge Loan
Temporary funding solutions from $5,001 to $1 million for businesses awaiting long-term financing. Terms up to 60 months with flexible repayment options, ideal for covering immediate cash flow needs during transition periods.
People
Will Tumulty
Chief Executive Officer
Former Navy SEAL with 10 years in prepaid card industry. Led Ready Financial Group and AccountNow Inc. Holds aerospace engineering degree and MBA from Stanford. Oversees strategic direction and operational excellence at Rapid Finance.
Jeremy Brown
Executive Chairman
Co-founder with 20+ years executive experience across industries. Served as CEO from 2005-2015. Licensed CPA and Duke University economics graduate. Provides strategic guidance and governance oversight.
Bogdan Nastea
Chief Technology Officer
Technology leader with software development expertise. Founded two successful tech ventures. Transformed Rapid Finance into automated fintech platform. Holds computer science degree from University of Maryland.
Terry Thornton
Chief Credit and Analysis Officer
20+ years financial services experience including Capital One leadership roles. Economics graduate from University of Virginia. Specializes in credit risk management and operational optimization strategies.
Young Kim
Chief Financial Officer
20+ years corporate finance experience. Licensed CPA with SUNY Albany and Arizona State MBA. Oversees financial strategy and accounting operations at Rapid Finance.
Questions
How quickly can I receive business funding?
Approved applicants can receive funds within hours through our expedited process, with most transactions completed within 24-48 hours of application submission.
What credit score is required for approval?
We consider multiple factors beyond credit scores, including business revenue and performance. Many applicants with scores below 600 qualify for financing options.
Are there early repayment penalties?
No prepayment penalties apply. Businesses can repay balances early without additional fees across all our financing products.
What documents are needed to apply?
Basic requirements include business ID, three months bank statements, tax ID, and completed application form through our online portal.
How are payments structured for cash advances?
Merchant cash advance payments adjust based on credit card sales volume, with automatic withdrawals calculated as a percentage of daily revenue.
