Rapid Working Capital Review

Rapid Working Capital ReviewRapid Working Capital says you can get up to $750,000 for your business and that it only takes two minutes to complete their application.

The minimum amount they lend is $10,000 so this is not for use as a payday loan or short term loan, and it’s not for individuals. It’s for business owners that are starting or expanding their business and are in need of quick cash. With flexible repayment plans you can put the money to use and use your higher earnings to pay back the loan. Essentially not falling into debt but increasing your overall net worth and positive cash flow.

They say that there isn’t any personal collateral required, so you don’t have to worry about putting your house or car up as collateral. Your individual assets shouldn’t be included in your business dealings, so this makes sense. That can add a lot of stress to your workday, thinking that your entire existence is riding on your latest business deal.

Rapid Working Capital Review

Rapid Working Capital caters to those with businesses in need of cash. Unlike a traditional bank they are going to have more relaxed requirements and will often be able to get you money even after the banks have said no. Banks move very slowly too, so it could take several days or even weeks for them to reach a decision on a large sum of money, which might mean the deal passes you by.

When you are running a business it is important to have the working capital on hand to take advantage of opportunities as they occur. This may involve expanding your current business model by hiring on new employees, or expanding into new territory. It may also include starting something entirely different, but under the umbrella of your current industry, and even trying to break into new industries. Whatever the case, you need money to grow, but often banks want to see a business model and proof of earnings before lending you money.

Encrypted Application
Like all good financial websites, Rapid has a secure connection for the application, and they extend this to the home page so you’re always on a secure server. This is important because you’ll be sharing your business information with them, and you want to make sure that this goes directly to them without any third party interference. There are many financial sites out there with applications that are not encrypted. This is not one of them.

Not a Lender
Rapid Working Capital is not a lender themselves, and will not be the company lending you the money. Instead they offer a one-stop application that will put you in touch with the lenders that are willing to lend to businesses that have been turned down by the bank, or need the cash faster than a bank can provide. Money loves speed, and sometimes there are business opportunities that require quick decisions and quick funding.

It’s up to you whether you want to use a service like this that is sort of a middleman or whether you want to deal directly with a lender. The upside to using this type of matching service is that you only need to fill out one application. It saves time and also saves you from having to go out and find the websites of those direct lenders. Many lenders don’t maintain their own website for public use. They deal privately with borrowers and use a matching service like this to get new business.

Our Recommendation
Rapid Working Capital is a good place to start when you’re in need of quick cash for you business. With just one application you can be in touch with plenty of lenders that are willing to give you the cash needed to take your business to the next level.

Only you can determine whether or not taking out a large loan for your business is a good idea. If everything goes right you’ll be making more money and increasing the value of your business. If something goes wrong you’ll be acquiring debt which will lessen the overall value of your business and make it that much harder to turn a profit.

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