Call now for free quote! (800) 631-3370
General Frequently Asked Questions
Q. Where do I go if I have specific questions about the various RapidAdvance Business Financing Programs?
A. For questions about our finance programs, please go to our Program FAQ page.
Q. How long has RapidAdvance been in operations?
A. Founded in 2005, RapidAdvance has successfully developed into the trusted industry leader that it is today, providing thousands of small business owners with the financial support they need to grow effectively and succeed.
Q. Is RapidAdvance a member of the Better Business Bureau?
A. Yes, RapidAdvance has been a member of the BBB since 2006, and we have always maintained an A+ Rating.
Q. Where is RapidAdvance located?
A. RapidAdvance has its headquarters in Bethesda, Maryland, a suburb of Washington, D.C.
Q. Does RapidAdvance provide Online Access?
A. Yes, RapidAdvance provides online access to all of its clients and partners so they can each review real-time updates and account statuses.
Q. Is RapidAdvance a direct funding source or a broker?
A. RapidAdvance is a direct funding source. We conduct all of our own Underwriting and supply direct funding through our own bank financing.
Q. Does RapidAdvance always file a UCC -1 Liens on their Merchant Advances like their competitors?
A. No, many of our solutions do not require the filing of a UCC-1.
Q. How can I find out how much my business can receive?
A. To find out how much money your business qualifies to receive, complete our brief online application. You will receive a free, no-obligation quote from a RapidAdvance Account Executive, who will help you review your funding options.
Q. How much does it cost to apply for RapidAdvance?
A. RapidAdvance offers a no cost / no obligation quote. We do not charge for "out of pocket" expenses such as credit reports, D&B reports, overnight mailing costs, and so on.
Q. How much does the financing cost?
A. Each business is unique and, therefore, receives a customized quote based on its particular needs and situation. Several factors influence the size and cost of the financing, including business size, industry, as well as other factors. To find out how much your business qualifies to receive and the associated cost, apply for a no obligation quote.
Q. Will bad credit affect my ability to receive financing?
A. RapidAdvance has financing solutions for business owners with strong, well-established credit as well as business owners with imperfect credit. It is not necessary to have good-to-excellent credit to receive financing.
Q. How easy is it to get approved by RapidAdvance?
A. Our proprietary approval process allows RapidAdvance merchants to enjoy high approval rates and funding within 7 days.
Q. I am already with another financing company providing similar financing. Can you replace that arrangement and offer me more money?
A. Contact us to find out how much we can offer you. We often provide higher dollar amounts than our competitors and will pay off your existing balance if it is in your best interest.
Q. What if I already have a business loan?
A. Our products are designed to work alongside traditional financing. As long as you meet our requirements, we can still provide you with financing without affecting your other obligations.
Q. What can capital from RapidAdvance be used for?
A. RapidAdvance’s financing can be used for any business purpose, including purchasing inventory, repairing equipment, renovations, expansion, reducing debt, and emergencies expenditures. You are free to spend the money on whatever is best for your business.
Q. Whom do I call with questions about my account?
A. your Account Executive is the best contact in regards to questions about your account.
Q. How do I track my account with RapidAdvance?
A. RapidAdvance provides you multiple levels of support ranging from real-time online statements available to you 24 hrs a day to a dedicated Account Executive to speak with and answer any questions. We believe communication is key and want to make sure you are well informed.
You can also contact Customer Service.
Monday - Friday: 9:00 am to 6:00 pm EST
Phone: (866) 224-1162
Click here to contact Customer Service on-line.