AN EXPERIENCED PARTNER YOU CAN TRUST
Rapid Factors provides invoice factoring and working capital loans for the small and mid-sized business market. Based in Manhattan, we have relationships with every major bank and non-bank lender and can provide working capital and factoring facilities in all 50 states.
Frequently asked questions
Q. WHO IS RAPID FACTORS?
A. Rapid Factors offers invoice factoring and working capital solutions to small and medium sized businesses nationwide.
Q. WHY SHOULD I WORK WITH RAPID FACTORS?
A. Based in Manhattan, we have relationships with every major bank and non-bank lender and can provide working capital and factoring facilities in all 50 states.
Q. WHERE DOES RAPID FACTORS PROVIDE FINANCING?
A. We currently provide financing in all 50 states of the United States of America.
Q. WHAT TYPES OF PRODUCTS DO YOU OFFER?
A. We offer invoice factoring and working capital loans.
Q. WHAT IS INVOICE FACTORING?
A. Invoice factoring is a form of business financing, in which a business sells its outstanding invoices to a third party at a discount. Invoice factoring provides an advance on payments for outstanding invoices and is not considered a loan.
Q. WHAT IS WORKING CAPITAL?
A. A working capital loan is a type of short-term business financing. It generally has a very quick approval and funding process (1-2 days), requires little documentation and no hard collateral. Banks and traditional finance companies typically do not offer working capital to small and/or medium sized businesses. Rapid Factors offers financing solutions for business owners seeking short-term financing. It is not a typical bank loan so you are more likely to be approved.
Q. HOW DOES IT WORK?
A. Please visit both Products pages for a comprehensive description of each of our financing products.
Q. WHO IS ELIGIBLE FOR FINANCING?
A. You must be an operating business for at least 6 months, with at least $15,000 in monthly revenue. All industries in all 50 states are eligible.
Q. WHAT ARE THE AMOUNTS OF A TYPICAL RAPID FACTORS FINANCING?
A. The factor line can be as high as $5,000,000. Working Capital options can range from $5,000 to in excess of $1,000,000.
Q. HOW DO I APPLY?
A. Applying for financing from Rapid Factors is simple and typically takes about 10 minutes. You can start the process by clicking here to Apply Now. You will be contacted shortly after submission by one of our representatives.
Q. WHAT DO I NEED TO SUBMIT WHEN I APPLY?
A. For the application process, you will need: Completed and signed application and your 3 most recent business bank statements.
Q. HOW LONG DOES IT TAKE TO GET PRE-APPROVED AND FUNDED?
A. We give pre-approval within 24 hours of your submission. We fund most new clients within 48 hours.
Q. I HAVE A QUESTION, WHO CAN I CONTACT TO HELP ME START THE FUNDING PROCESS?
A. You can reach a representative at (212) 518-3150. You can also fill out our Contact Form, or email us at info@rapidfactors.com