Rapid Advance – How It Works
Every company has a way of working. Some look upfront at their clients and some are straight-forward in their dealings. We at Rapid Advance reviews believe in going the way our clients go. We look at them, talk to them, realize their problems and then offer them solutions. While offering solutions we see to it that they are realistic/ practical which means they are workable. Under any circumstance, they should be workable. Once we reach this point, only then we offer solution to them.
How Rapid Advance Works
There is a way one can apply for funds
- Fill up the application form available on our website
- Fill in the details like Company Name, State/Province, Name, Office Email and Phone No and ask for a free quote.
- After you have filled the form, our customer care executive will call you and ask about your business needs and the fund you require. He/she will also discuss the various plans which we have and tell you the best plan which suits you.
- Once both of you agree upon the “best suited plan”, our Account Executive will customize the plan as per your business needs and requirements. Once this is done the procedure for payback too shall be discussed.
- 5. After this, a small paperwork shall be done by our Underwriting department. Once the papers are processed our underwriting department shall provide a decision (within 48 hours). After this, our executive shall visit your site for the final approval and signature.
Repayment Plan
Since we believe in doing the things at one go, we also make out a plan to repayment of the loan amount you have taken. This we do for a small yet simple reason, earlier we decide upon things, better they are in the long run. So, we sit down with you and get the repayment plan chalked out for you as well us!
For repayment, we have basically two ways:
Merchant Cash Advance Programs
In this method the processor will set up split – withholding for your account. This means, a small yet fixed repayment amount shall be fixed upon your future credit card sales. As and when you make the sales, we get the repayment. As simple as that!
Loan Programs
We have all heard about Automated Cleaning House (ACH). (ACH is a kind of electronic clearing network for financial transactions. It processes large volumes of credit and debit card transactions in batches. It includes direct deposit payroll and vendor payments. It uses POP (point – of – purchase check conversion program for payments. This method is generally used by businesses in commercial sector to make payments). It is the same process which we apply here to take the balance. In this case, your business repays the capital through ACH.
In the end, what all we can say is – whichever method we may use, purpose is the same. We are here just to help people in their business, to help them flourish and be happy. And this we will keep on doing till the day we are there…..
