Rapid Finance offers a wide menu of small-business financing: term loans up to $1 million, lines of credit up to $250,000, merchant cash advances up to $500,000, and bridge, SBA, factoring, asset-based and commercial real estate financing. It says funds can arrive “within hours of approval,” but it does not publish rates, fees or minimum requirements on its own site. It suits owners who want one company that offers many product types and who value speed; owners who want to see published pricing before applying may prefer lenders that post rate ranges.
This review is part of the SMB Compass lender reviews series. SMB Compass is a financing broker, not a lender: we help owners compare offers from a panel of lending partners. The product figures below come from Rapid Finance’s own website, checked on September 21, 2026. Because Rapid Finance does not publish its minimum requirements or pricing, we use a named third-party review for those figures and label them.
Rapid Finance at a glance
| Product | Amount | Term | Pricing (as Rapid Finance describes it) | Published minimums | Speed |
|---|---|---|---|---|---|
| Small business loan | $5,001 to $1 million | 3 to 60 months | Not published | Not published by Rapid Finance (NerdWallet: 650 credit, 36 months, $120,000 revenue) | Funds “within hours of approval” |
| Line of credit | $5,001 to $250,000 | 3 to 18 months per draw | “An interest charge or fixed fee will be charged, other fees may also be charged” | Not published (NerdWallet: 620 credit, 24 months, $150,000 revenue) | Funds “within hours” of approval |
| Merchant cash advance | $5,000 to $500,000 | Typically 3 to 18 months | Receivables bought “at a discounted price”; fees may be deducted | Not published (NerdWallet: 600 credit, 36 months, $120,000 revenue) | Funds in “a few days,” sometimes within hours |
| Bridge loan | $5,001 to $1 million | Up to 60 months | Not published | Not published | Not published |
| SBA loan | $500 to $5.5 million | 1 to 30 years | “An interest charge or fixed fee will be charged” | Not published | Not published |
| Invoice factoring | $20,000 to $10 million | Up to 18 months | Not published | Not published | Not published |
| Asset-based loan | $50,000 to $10 million | 6 to 36 months | Not published | Not published | Not published |
Who issues the credit: Rapid Finance’s product pages do not name a lender of record or bank partner, and they do not say which products it funds itself and which it arranges through other lenders. Its SBA page does not say which lender makes the SBA loans. Ask for the name of the funding company before you sign, and read it on the agreement.
Rapid Finance’s products
Rapid Finance says it has funded “$3 Billion+” across various industries. Its main products work like this:
Small business loans
Term loans range from $5,001 to $1 million, with “Terms range from three months up to sixty months” and “Automatic fixed daily, weekly, or monthly payments.” Rapid Finance’s loan page explains that with a secured loan “the lender will file a UCC financing statement,” while with an unsecured loan it does not, so ask which kind your offer is. Our guide to UCC filings explains what that lien means. Compare this product with other business term loans.
Line of credit
The line runs from $5,001 to $250,000. Each draw is amortized over “3–18 months (the term may reset every time you draw capital),” with daily, weekly or monthly payments. You can draw by ACH or “almost instantly draw funds to the Rapid Access Card,” a card linked to the account. NerdWallet reports a 4% draw fee; Rapid Finance’s own page says only that “other fees may also be charged.” See our business line of credit page for how lines are usually priced.
Merchant cash advance
The MCA runs from $5,000 to $500,000. Rapid Finance buys a share of future receivables “at a discounted price,” and “fees may be charged and deducted from the advance amount.” Payments are “calculated based on a percentage of the business’ credit card sales,” and completion typically takes between 3 and 18 months. You need to accept card payments or have other receivables. Our merchant cash advance guide covers the trade-offs.
SBA and specialty products
Rapid Finance lists SBA loans of “$500 to 5.5 million dollars” with “Loan terms range from 1 year up to 30 years.” Note that the SBA caps most 7(a) loans at $5 million, according to the SBA; ask Rapid Finance which SBA program applies to amounts above $5 million. It also lists bridge loans, invoice factoring up to $10 million, asset-based loans up to $10 million and commercial real estate loans.
What Rapid Finance costs
Rapid Finance does not publish rates, factor rates or fee schedules. Its line of credit and SBA pages say only that “An interest charge or fixed fee will be charged.” A third-party review gives these figures:
- NerdWallet (updated May 26, 2026) reports MCA factor rates of 1.12 to 1.50 and a 4% line of credit draw fee, and says APRs for term loans and lines are not published.
Without published pricing, get every offer in writing with the total repayment amount, the payment amount and frequency, and every fee. Then convert it to an APR so you can compare. Our explainer on factor rates vs APR shows how.
Who qualifies
Rapid Finance’s pages list the documents you need, not the thresholds you must meet. For a term loan or line of credit, it asks for a valid ID, your business bank account and routing numbers, and your “Last three months of business bank statements.” An MCA also needs the last three months of card processing statements. An SBA loan adds two years of tax returns and a schedule of debts.
On minimums, a third-party review lists these figures:
- NerdWallet lists a 650 credit score, 36 months in business and $120,000 in annual revenue for term loans; 620, 24 months and $150,000 for lines of credit; and 600, 36 months and $120,000 for MCAs.
Treat the NerdWallet figures as a guide, not a rule, and confirm them with Rapid Finance. Rapid Finance says “Credit is an important factor,” and its pages say funders also look at revenue, time in business, accounts receivable and business credit history.
How fast is Rapid Finance?
Rapid Finance says funds can be deposited “within hours of approval” for term loans and that its team “may send the funds to the business bank account on file within hours” for lines of credit and MCAs. Its MCA page also says “Apply in a few minutes, receive funds in a few days.” NerdWallet puts funding at “As fast as 24 hours.”
Pros and cons
Pros:
- A broad product menu, from MCAs to SBA, factoring and asset-based loans
- Large amounts available: up to $1 million on term loans and $10 million on factoring and asset-based loans
- Terms up to 60 months on term loans
- Fast funding after approval
- Short document list for smaller products
Cons:
- No published rates, fees or minimum requirements
- Lender of record isn’t listed publicly, so ask who funds your offer
- Line of credit terms can reset with each draw, and NerdWallet reports a 4% draw fee
- Daily or weekly automatic payments on many products
Who Rapid Finance suits, and who should look elsewhere
Rapid Finance suits established businesses that need a larger or less common product, such as a bridge loan, factoring or asset-based line, and would rather work with one company than several. It also fits owners who need funds quickly and are prepared to negotiate on price.
Look elsewhere if:
- You want to see pricing before you apply. Fora Financial and Credibly publish factor-rate ranges.
- You want a line of credit with published terms. Compare the OnDeck and Bluevine reviews.
- You want an SBA loan from a bank that publishes its SBA terms. See our Live Oak Bank review.
- You mainly need working capital or equipment financing from a single lender. See our National Funding review.
Pitfalls to avoid
- Accepting a line of credit without asking how draw fees and term resets work.
- Signing without knowing who the funder is. Ask for the lender of record in writing.
- Comparing on payment size alone. A small daily payment can hide a high total cost.
- Relying on third-party minimums. Confirm them with Rapid Finance directly.
Frequently asked questions
What credit score do you need for Rapid Finance?
Rapid Finance does not publish a minimum. NerdWallet lists 650 for term loans, 620 for lines of credit and 600 for MCAs; confirm with Rapid Finance when you apply.
How much can you borrow from Rapid Finance?
Term loans go up to $1 million, lines of credit up to $250,000 and MCAs up to $500,000. Invoice factoring and asset-based loans go up to $10 million.
How fast does Rapid Finance fund?
Rapid Finance says funds can arrive within hours of approval on some products. Its MCA page says funds arrive in a few days.
Does Rapid Finance publish its rates?
No. Its product pages say an interest charge or fixed fee will be charged, and other fees may apply. NerdWallet reports MCA factor rates of 1.12 to 1.50.
Next step
If you are weighing a Rapid Finance offer, compare its total repayment and fees against at least one other lender before you sign. Our lender reviews hub covers other lenders, and the business loans page explains how SMB Compass can help you compare offers from our lending partners.
Sources
- Rapid Finance, homepage: rapidfinance.com
- Rapid Finance, small business loan: rapidfinance.com/financing-solutions/small-business-loan/
- Rapid Finance, line of credit: rapidfinance.com/financing-solutions/line-of-credit/
- Rapid Finance, merchant cash advance: rapidfinance.com/financing-solutions/merchant-cash-advance/
- Rapid Finance, SBA loan: rapidfinance.com/financing-solutions/sba-loan/
- U.S. Small Business Administration, 7(a) terms, conditions and eligibility: sba.gov
- NerdWallet, Rapid Finance business loans review (third party): nerdwallet.com
About this page. Written by Ezra Cabrera, Content Team Lead at SMB Compass. Figures were checked against each lender’s own website on September 21, 2026; lenders change their terms, so confirm current terms before you apply, and let us know if you spot a figure that has changed. SMB Compass is a business financing broker: we don’t lend our own money, and we are paid by the lenders we place loans with. This page is general information, not financial, legal or tax advice.