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  Rapid Finance Commercial Mortgages

Rapid Finance Commercial Mortgages

in Commercial Mortgage from Rapid Financial Services

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Rapid Finance Commercial Mortgages

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in Commercial Mortgage from Rapid Financial Services

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Highlights
Minimum Months in Business 6
Loan Amount $75,000 - $2,000,000
Loan Term (Years) 5 - 30 years
Minimum Revenue $5,000

Rapid Finance Commercial Mortgages Review

Rapid Finance Commercial Mortgages is offered by Rapid Financial Services, a direct lender founded in 2005 and based in Bethesda, MD. Rapid Finance Commercial Mortgages is available in 50 states (and Washington, DC).

Rapid Finance Commercial Mortgages FAQ

How much can you borrow via Rapid Financial Services?

Rapid Financial Services allows borrowers to apply for commercial mortgages with loan amounts of up to $2,000,000.

What is the maximum loan term you can get with Rapid Financial Services?

Rapid Financial Services offers commercial mortgages with terms ranging from 5 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What is the estimated funding time for a commercial mortgage via Rapid Financial Services?

Rapid Financial Services will typically approve (or deny) a mortgage application within 24 hours and fund mortgages within 1 and days of approval.

Does Rapid Financial Services charge a mortgage origination fee?

Yes, Rapid Financial Services may charge a loan origination fee of 0% to 10% of the loan amount.

Does Rapid Financial Services charge a late fee?

No, Rapid Financial Services will not charge you a late fee.

What limitations does Rapid Financial Services set on the purpose of the loan?

Rapid Financial Services considers loan applications for business purposes, such as:

  • Business Debt Refinance
  • Equipment Purchase
  • Hiring
  • Inventory
  • New Location
  • Payroll
  • Product or Service Expansion
  • Technology Investment
  • Working capital

What are the business financing requirements for Rapid Financial Services?

To apply for Rapid Finance Commercial Mortgages, the applicant needs to provide the following business document:

  • Business License
  • Business Bank Account
Rapid Finance Commercial Mortgages Disclosure: Depending on the product, RapidAdvance offers a range of terms. For term loans and merchant cash advances, the average time frame is 3-24 months. However, SBA loans have longer terms between 1-10 years and commercial real estate loans range from 15-30 years. RapidAdvance requires businesses to be in business for at least 12 months for its loan products and as little as 6 months for its merchant cash advance products. RapidAdvance charges a fixed fee for its financing regardless of the time it takes to pay-off the product. Because of this, there is no pre-payment fee; however, you will still be required to pay the entire amount owed, including the fixed fee, regardless if you pay off the financing sooner.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From Rapid Finance Commercial Mortgages

Business funds to meet your needs. Growing a business is not always an easy task. We have a financing solution available to help you grow, no matter what your business needs may be. Here at Rapid Finance, we specialize in business financing made fast and simple. Our financing options such as our business loans were created to help you accomplish great things. Our team knows the ins and outs of owning a business, and we are 100% committed to helping small businesses expand.

Commercial Real Estate Loans help secure the property your business needs.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Late Fee Amount $0
Origination Fee (%) 0% - 10%
Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 500 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Months in Business 6
Minimum Revenue $5,000
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Business Formation Documents
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
Funding Time Range Starting at 1 day
Payment Frequency Monthly
Payment Options
  • Automatic Payments
  • Credit/Debit Card
  • Bank Transfer
Loan Amount $75,000 - $2,000,000
Loan Term 5 - 30 years

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