Summit Private Credit logoSummit
MCA / Working Capital

Rapid Finance review.

Rapid Finance (formerly RapidAdvance) is a large direct funder with both MCA and small-business loan products.

Loan range
$5K – $1M
Speed
Same-day approval, next-day funding
APR / Fee
Factor rate 1.22 – 1.52
HQ
Bethesda, MD · est. 2005
Best for

Higher-revenue merchants needing larger working-capital advances.

Watch out for

Factor rates translate to triple-digit APRs on short paybacks.

Pros
  • +Higher advance sizes than fintech peers
  • +Established underwriting
  • +Multiple products under one roof
Cons
  • –Aggressive renewal sales
  • –Cost adds up fast on stacked positions
  • –Limited transparency on true APR
Alternatives to Rapid Finance
Credibly
$5K – $400K
National Funding
$10K – $500K
Forwardline Financial
$5K – $750K
Want competing offers?

Run your deal past 40+ lenders in one application.

We submit to the lenders that fit your profile — including Rapid Finance where appropriate — and bring back the best offers.

Get competing offers →