Home / Small Business Loans & Financing Options / Business Cash Advance by Rapid Finance

Advertiser & Editorial Disclosure

Business Cash Advance by Rapid Finance

Business Cash Advance by Rapid Finance

Apply now

Rapid Finance is a merchant cash advance provider. Like all MCA providers, instead of charging an interest rate, borrowers sell a portion of your future card sales in exchange for an upfront lump sum. The payment would be solely based on your monthly sales.

Nav's Verdict

Cost

LowHigh

Effort to Apply

EasyDifficult

Funding Speed

MonthsMinutes

Repayment Terms

MonthsYears

5/10

Bottom Line

A viable option for businesses looking for growth capital up to $600,000. Costs will vary based on your risk profile. This is a good product to get your foot in the door with a lender, with growth opportunities with Rapid Finance’s other products

Pros

Application is quick and easy. Receive funds within hours of approval. No business lien placed. No application fee. Can get approved for both a line of credit and term loan and accept both at the same time. Flexible repayment options.

Cons

Loan amounts are based on monthly revenue.

Qualification requirements

Annual Revenue

At least $150,000

Other Requirements

You must have a 620+ credit score and no bankruptcies in the past year.

Time in Business

At least 3 years in business

Apply now

Cost

1.20 Average Factor Rate

Repayment Terms

4 - 12 months

Funding Amount

$5,000-$600,000

Funding Speed

1-3 days

Application

Not digital

Reviews

Reviews Disclosure: The responses below are not provided or commissioned by the credit card, financing and service companies that appear on this site. Responses have not been reviewed, approved or otherwise endorsed by the credit card, financing and service companies and it is not their responsibility to ensure all posts and/or questions are answered.

Advertising Disclosure

The credit card, financing and service products that appear on this site are from credit card, financing and service companies from which this site receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card, financing and service products or all available credit card, financing and service products. All images and trademarks are the property of their respective owners. Editorial and review content is the property of Nav, and has not been approved, provided, or reviewed by the company providing the credit card, financing, or service.

For complete information, see the terms and conditions on the credit card, financing and service issuer’s website. In most cases, once you click “apply now”, you will be redirected to the issuer’s website where you may review the terms and conditions of the product before proceeding. While Nav always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms – and before applying you should understand the full terms of products as stated by the issuer itself.

Personal FICO credit scores and other credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit or financing type you are eligible for. Nav uses the Vantage 3.0 credit score to determine which credit offers are recommended which may differ from the credit score used by lenders and service providers. However, credit score alone does not guarantee or imply approval for any credit card, financing, or service offer.

Editorial Disclosure

Any personal views and opinions expressed are author’s alone, and do not necessarily reflect the viewpoint of Nav. Editorial content is not those of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities.

Reviews are not provided or commissioned by the credit card, financing and service companies that appear in this site. Reviews have not been reviewed, approved or otherwise endorsed by the credit card, financing and service companies and it is not their responsibility to ensure all posts and/or questions are answered.