Short-Term Loan by Rapid Finance

Short-Term Loan by Rapid Finance

Whether you need funds to supplement existing traditional financing, or alternative working capital, Rapid offers fast and flexible solutions to support your business.

Nav's Verdict

Cost
8% Complete
LowHigh
Effort to Apply
2% Complete
EasyDifficult
Funding Speed
3% Complete
MonthsMinutes
Repayment Terms
2% Complete
MonthsYears

4/10

Bottom Line

Fast access to funding amounts up to $600,000

Pros

Loan approval within 24 hours. Repayment terms up to 18 months. Growth capital up to $600,000.

Cons

Rates vary based on industry and risk scoring model.

Qualification requirements

Time in Business

At least 36 months in business

Annual Revenue

At least $120,000

Personal Credit Score

At least 620

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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