Rapid Finance Wins 2023 FinTech Breakthrough Award for “Best Business Lending Product”

by James · March 27, 2023

BETHESDA, Md., March 27, 2023–(BUSINESS WIRE)–Rapid Finance, a market leader in helping small businesses find sustainable and customized financing solutions through a quick and easy application process, today announced that it was named “Best Business Loan Product” in the 7^th annual FinTech Breakthrough Awards 2023, which recognize the best companies and products in the financial services and technology industry.

Traditional small business decision and SBA loans are more complex than other financing options, typically taking weeks (or even months in some cases) to process and get liquidity to small businesses in need of capital. This leaves many small business owners in a state of limbo as they await a decision, regardless of denial or approval.

Through its digital end-to-end lending platform, Rapid Finance has automated the lending process for small businesses and accelerated decision-making time for business owners. Data enhancements and integration of real-time customer data allow lenders to collect and analyze user documentation through automated processing for a faster and more efficient transaction. As a result, SMB lenders are able to drive a more efficient and intelligent decision-making process while improving employee operational productivity.

“We appreciate the recognition from the Fintech Breakthrough team,” said Will Tumulty, CEO of Rapid Finance. “Being a small business owner is challenging, and we understand what business owners face. Our platform is thoughtfully designed to meet the needs of our lenders and financing partners and their small business customers, helping them more quickly access the vital capital they need to to help their businesses flourish.”

About Rapid Finance/Rapid Enterprise

Since 2005, Rapid Finance has supported the growth and success of small businesses across the United States. Driven by a thoughtful combination of technology, speed and deep industry expertise, the Rapid Enterprise business line offers Lending as a Service solutions to corporate clients. With modular, flexible and scalable financial solutions, Rapid Enterprise solutions are adapted to the needs of our business partners. Learn more at www.rapidfinance.com.