# RapidAdvance

> RapidAdvance, renamed Rapid Finance in 2019, provides and arranges financing for small and mid-sized U.S. businesses. Founded in 2005 and headquartered in Bethesda, Maryland, it has expanded into enterprise lending software through Decisioneer, embedded lending and the Lynx data and fraud platform.

- **Founded:** 2005
- **Headquarters:** Bethesda, United States
- **Founders:** Jeremy Brown (Founder; chairman at the time of the 2019 rebrand)
- **Products:** Small business term loans, Business line of credit, Merchant cash advance, Marketplace financing, Decisioneer
- **Notable:** Nearly $600 million in cumulative working capital reported at the September 2013 acquisition., Changed its name to Rapid Finance in 2019 after expanding beyond advances., Acquired digital lending provider Thrive in October 2022.

## Products & services

- **Small business term loans** — Advertised financing of $5,001-$1 million with terms of 3-60 months and automatic daily, weekly or monthly payments; subject to approval and terms.
- **Business line of credit** — Offers and facilitates $5,001-$250,000 with 3-18 month amortization; interest or a fixed fee and possible other fees apply.
- **Merchant cash advance** — Purchases future receivables at a discount, with advertised advances of $5,000-$500,000 and payments based on receivables.
- **Marketplace financing** — Arranges access to products including SBA loans, bridge loans, invoice factoring, asset-based loans and commercial real estate financing through relevant entities and partners.
- **Decisioneer** — Digital small-business loan origination platform with configurable workflows, data integrations and referral access to a funding network.
- **Embedded Lending** — Lets institutions integrate small-business financing into their own channels with Rapid’s balance sheet or their own.
- **Lynx** — Data aggregation, analysis and fraud-detection platform with network-monitoring capabilities added in March 2025.
- **SPADE** — Smart Processing and Data Extraction module in Lynx; company-reported internal tests processed documents in as little as 20 seconds.
- **Rapid Access prepaid Mastercard** — Eligible Rapid credit-line customers can draw onto a prepaid card issued by SoFi Bank with Galileo supporting the program.

## Achievements

- Nearly $600 million in cumulative working capital reported at the September 2013 acquisition.
- Changed its name to Rapid Finance in 2019 after expanding beyond advances.
- Acquired digital lending provider Thrive in October 2022.
- Demonstrated Lynx at FinovateFall 2024.
- Enterprise site reports $5 billion delivered in growth capital and more than 25 million applications processed through its platforms.

## Latest updates

- **2026-03** — Opposed Maryland S.B. 0881 as drafted in testimony dated March 27, arguing among other points that APR disclosures can confuse comparisons for sales-based financing; testimony is a company policy position, not a finding about the bill.
- **2025-06** — Announced SPADE, a Lynx document-extraction module; reported internal processing times as low as 20 seconds.
- **2025-03** — Added Lynx network monitoring and anonymized shared signals to support fraud detection.

## Links

- Website: https://www.rapidfinance.com/
- LinkedIn: https://www.linkedin.com/company/rapidfinance
- Twitter/X: https://x.com/RapidFinanceUSA
- Facebook: https://www.facebook.com/RapidFinanceUSA

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Profile page: https://yespress.io/rapidadvance
Published by YesPress — https://yespress.io
Last updated: 2026-10-25