Short-Term Loan by Rapid Finance

Short-Term Loan by Rapid Finance

Get more money for less with low-cost loan options, and enjoy repayment terms up to 18 months with daily or weekly repayment options. Receive up to $600,000 in funds for your business in as little as 24 hours to use for any business purpose. Whether you need to supplement existing traditional financing or just need alternative working capital, offers fast and flexible solutions to help your business do great things.

Nav's Verdict

Cost
80% Complete
LowHigh
Effort to Apply
20% Complete
EasyDifficult
Funding Speed
30% Complete
MonthsMinutes
Repayment Terms
15% Complete
MonthsYears

4/10

Bottom Line

A viable option for businesses looking for growth capital up to $1,000,000. Costs will vary based on your risk profile.

Pros

Application is quick and easy and receive an approval for a loan within 24 hours. Able to use funds for any use.

Cons

Not all digital.

Qualification requirements

Time in Business

At least 22 months in business

Annual Revenue

At least $120,000

Personal Credit Score

At least 575

Required Documentation

Government-issued photo ID, voided check from your business checking account, last 3 statements from your business bank account, however, current month-to-date bank statement not required.

Origination fees

Origination Fees

No origination fees

Cost
Factor Rates as low as 1.20
Repayment Duration
4 to 18 months, daily and weekly payments
Funding Amount
$5,000 to $600,000
Funding Speed
As fast as same day
Application
Online + phone call
Repayment Terms
4 to 18 months, daily and weekly payments

Reviews

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