RapidAdvance
Stage
Acq - Fin | AliveAbout RapidAdvance
Rapid Financial Services, dba RapidAdvance, is a provider in the alternative financing industry providing working capital solutions to meet the needs of small and mid-sized businesses. RapidAdvance offers small business owners multiple financing options designed to meet the capital needs of established low-risk businesses, businesses with financial challenges, and newer businesses. RapidAdvance 's suite of products offers business owners the ability to obtain financing to grow their business. Funding can be used for virtually any business purpose including purchasing new equipment, inventory/seasonal merchandising, expansion/remodeling, paying off debt/taxes, and emergency funding. RapidAdvance also offers a partner program for companies who work with small businesses.
RapidAdvance Headquarter Location
7316 Wisconsin Avenue Suite 350
Bethesda, Maryland, 20814,
United States
877-467-2743
Latest RapidAdvance News
Feb 13, 2019
Detroit-Based Rockbridge Growth Equity Acquires RapidAdvance Investment will accelerate growth of small business finance company DETROIT, September 16, 2013 – Detroit-based Rockbridge Growth Equity, LLC, has acquired Rapid Financial Services, LLC, (doing business as RapidAdvance). Based in Bethesda, Maryland, RapidAdvance is a leading provider of capital for small businesses. RapidAdvance has created a technology-powered platform that underwrites small business loans and advances, providing its customers with capital quickly and efficiently. The company has opened up the market for capital to small businesses through its unique web-enabled system that is a dramatic improvement from the typical process a small business experiences with big banks. “RapidAdvance’s product innovation, data driven ‘best-in-class’ underwriting, customer-first approach and talented team are a great addition to our family of companies. We will provide all the necessary resources to accelerate its growth,” said Kevin Prokop, Managing Director, Rockbridge Growth Equity. “We are excited to work with RapidAdvance in its effort to help America’s small business community.” RapidAdvance has experienced year-over-year double digit revenue growth for the past three years, making it one of the most recognized companies in the small business finance industry. The company has provided nearly $600 million in working capital to thousands of small business owners across the nation, ranging from traditional retail establishments, brand name chain restaurants, automotive repair, manufacturing, trucking, and professional service providers. “By aligning with Rockbridge, we will leverage our new relationship with its portfolio of companies, bringing best practices and expertise to nearly every aspect of our business,” said RapidAdvance CEO Jeremy Brown. Current investors Andrew Cherner, Jonathan Cherner and Steven Mandis will remain shareholders of the company. # # # About Rockbridge Growth Equity, LLC Rockbridge Growth Equity, LLC, founded by Dan Gilbert, Brian Hermelin and Kevin Prokop in 2007, is a Detroit-based private equity firm that invests in financial, consumer-direct marketing, and ‘sports, media and entertainment’ industries. Rockbridge is part of the Rock Ventures Family of Companies, whose flagship company, Quicken Loans, is the nation’s third largest residential mortgage lender. Rockbridge also owns equity stakes in Connect America, Account Now, Protect America, Northcentral University, One on One Marketing, Purchasing Power and Triad Retail Media. The firm is also affiliated with other leading businesses including the Cleveland Cavaliers and Fathead. www.rbequity.com . About RapidAdvance Bethesda, Maryland-based RapidAdvance is a leader in the small business finance industry. The company has provided nearly $600 million in working capital to thousands of small business owners across the nation, ranging from traditional retail establishments, brand name chain restaurants, automotive repair, manufacturing, trucking, and professional service providers. RapidAdvance has opened up the market for capital to small businesses through its unique web-enabled system that dramatically improves the typical process a small business experiences with big banks.
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Where is RapidAdvance's headquarters?
RapidAdvance's headquarters is located at 7316 Wisconsin Avenue, Bethesda.
What is RapidAdvance's latest funding round?
RapidAdvance's latest funding round is Acq - Fin.
Who are the investors of RapidAdvance?
Investors of RapidAdvance include Rockbridge Growth Equity.
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