Enquire Now

FAQ

  • You must turnover a minimum of £100,000 per month
  • You must have been operating for at least 1 year
  • You must be able to provide 6 months business bank statements
  • You must be able to provide a copy of your ID when you apply
  • Be a Homeowner

Rapid Advance provides unsecured business advances to businesses throughout the UK. Through our years of industry knowledge, we can provide you with fast and hassle-free advance approvals. Whether you need the money for equipment, stock, expansion or cash flow, our purpose is to eliminate the hassle for you to receive the funds fast. Our aim is to ensure you have quick access to funds with the easiest application process so you can focus on growing your business.

Our advances do not have an interest rate attached to them. We charge a fixed fee on the advance which is agreed upfront. We assess your business type, time in business and your bank statements to determine the fixed fee based on the risk of the advance and provide you with full transparency upon giving you your offer.

We can offer the following

  • Easy application process
  • Fast access to funds (receive funds within days)
  • Flexible terms to suit your business
  • Get up to £500,000 for any business purpose
  • High approval rates
  • Personalised service
Once we receive your application and paperwork our aim is to approve you within 24 hours. You can receive the funds the following day although on some occasions the funds can be available on the same day. Funding can sometimes be held up when not all paperwork is provided up front so the cleaner the application, the faster we can get you approved.
We offer advances from £100,000 to £500,000 and our advance terms vary from 8 to 12 months.
We carry out both consumer and company credit bureau searches, which will leave a record of the search on the credit files which will be visible to other finance providers. However, neither of these credit scores will be affected by this search.
It’s not a problem. Because of our experience in the industry, we know that the credit score isn’t the be-all and end-all and we consider each application on an individual basis. We assess lots of different factors to make sure we’re acting responsibly and to make sure you get the best options available to you.

You can use the money for any business purpose, and we don’t stipulate what you use the funds for. Below are what customers typically use funds for:

  • Purchase stock
  • Equipment purchase/upgrades
  • Extra Marketing
  • Hire more employees
  • Pay expenses
  • Cash flow

Yes. You choose the amount of funds you need and how fast you’d like to pay it back. This determines the amount you pay back overall, which we’ll agree with you upfront.

You can use the money for any business purpose, and we don’t stipulate what you use the funds for. Below are what customers typically use funds for:

  • Hospitality
  • RetailManufacturing
  • Transport
  • Real Estate
  • Hair & Beauty
  • Construction
  • Contractors
  • Automotive
  • Cleaning Services
We do place a debenture on your business but there are no charges against any assets. We do require a personal guarantee, typically from a shareholder.
Absolutely. You can even top your advance up once you have paid off part of the balance assuming your circumstances haven’t changed. If your business has grown, then we may even be able to increase your available funds.

TESTIMONIALS

I couldn’t have grown my business in such capacity without Rapid Funding. Their expert team are so hands on and helped me understand the funding process every step of the way. Thank you guys!
Simon, Small business owner
Rapid Funding helped me secure funding for me to bulk purchase stock which will help me on the lead up to and over the Christmas period.
Sarah, Retail owner
When I was declined by the bank, I didn't think I'd be able to raise the money needed for my business expansion. The funding I got was fast and efficient and I was kept informed, every step of the way.
James. Recruitment owner
The funding received will help me grow my business to the next level. The Repayments are very straight forward.
Steve, Care home owner
Previous
Next

ABOUT

Rapid Funding provides short-term unsecured business lending to firms in the United Kingdom. Our finance is designed exclusively to assist UK SME’s in obtaining capital for their operations.

NAVIGATION

LEGAL

GET IN TOUCH

© 2024 All rights reserved