June 24, 2018 1:27 PM ET

Diversified Financial Services

Company Overview of Rapid Financial Services, LLC

Company Overview

Rapid Financial Services, LLC, doing business as RapidAdvance, provides Web-enabled financial services for small and medium-sized businesses in the United States. The company offers small business loans, merchant cash advances, lines of credit, and SBA bridge loans. It serves customers in businesses, such as auto repair shops, franchises, medical practices, liquor stores, and grocery stores; beauty and nail salons; restaurants and bars; taxi, limo, and trucking; and others. Rapid Financial Services, LLC was formerly known as Rapid Advance, L.L.C. The company was founded in 2005 and is based in Bethesda, Maryland with an additional office in Detroit, Michigan.

7316 Wisconsin Avenue

Suite 350

Bethesda, MD 20814

United States

Founded in 2005

Phone:

240-482-4684

Fax:

240-380-1650

Key Executives for Rapid Financial Services, LLC

Chief Executive Officer
Executive Chairman
Chief Operating Officer and General Counsel
Chief Revenue Officer
Compensation as of Fiscal Year 2017.

Rapid Financial Services, LLC Key Developments

RapidAdvance Announces New Partnership with iPayment, Inc

RapidAdvance announced a new partnership with iPayment Inc. Under terms of the agreement, iPayment will offer RapidAdvance's business lending solutions and alternative financing programs to its more than 140,000 merchant customers. Providing working capital to business owners quickly, easily and seamlessly allows them to spend more time growing their business rather than searching for capital. iPayment will leverage RapidAdvance's technology-driven platform and personalized support to increase the availability of capital to merchant customers as an alternative or a complement to traditional avenues of business financing.

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