The following information appears only because this entity has hit my radar and has raised a concern and I do not want to lose this information. I’m keeping it handy in case issues appear in the future.
If anyone has any positive or negative comments to share about this company, please post them in the comments section below.
I have no reason to believe there is anything problematic going on. I simply received the message below and would like to hear from readers about their experience with the company.
There are some online complaints here.
The Reader Comment
“Maryland based. They are scamming small business owners left and right. Using their credit card receipts and changing terms at will.”
7316 Wisconsin Avenue
Bethesda, MD 20814
The BBB says Rapid Advance is a BBB accredited business and gives it an A rating. – Source
Rapid Advance describes themselves by saying:
“The founders of RapidAdvance are seasoned financial professionals with diverse backgrounds in building and owning successful businesses. Understanding the challenges associated with small business loans and the need to easily access to working capital, we designed a business loan alternative that addresses many of the shortcomings associated with a traditional bank loan. Our service offers the industry’s best alternative to a small business loan. We’ve reviewed the available options in the marketplace and created the best Business Cash Advance service available by offering the simplest application process, the broadest range of merchant acceptability and the highest advance volumes available.
We understand your need to access available cash to keep your business strong and successful. Unlike a bank loan, that requires a lengthy approval process, our service simple and fast. We are constantly striving to provide you with best-in-class service as we support your business needs. Please explore our website to find out more and contact us directly to answer any questions you may have.
Thank You for your interest. We appreciate the opportunity to help your business. – Source”
Rapid Advance - Watch List by Steve Rhode
If you have had any experience with this program, please post your comments and feedback in the comments below.