Consumer reviews and reports on scam companies, bad products and services
Rapid Capital Funding
Rapid Capital Funding Deals and Employment Miami, Internet
11th of Jun, 2011 by User606195
For all you merchants thinking of getting a cash advance through this company never believe what the agent on the phone tells you as far as what kind of deals they do. ITS SALES!!!! You can only talk real deals only with underwriters. When an underwriter finally calls you its because you have been approved and are not a risk for them as a client. The underwriter will go over options with you and offer you deals. (Sometimes fair and sometimes at the limit where they will get the most bang for their buck when they do the deal with you) I'm sure you catch my drift. Again its sales. Employment: The two owners of this business have no respect for any sales agent on the floor. Expect your check to be average 350 a week MAX if your an amazing sales agent 475. RAPID fired about 20 agents over a period of a month because they happened to open an office or merge with an office in Nicaragua. This office now has like maybe 10 employees max. Not including the 4 "underwriters" that offer you deals. I'm an amazing sales agent and I could run this office. The solution is not to fire everyone but to have better training. Then the company can succeed. Good luck Rapid
Comments
4629 days ago by Craighecker
CEO: "RCF solved a problem Brian created".

I am Craig Hecker, CEO and founder of Rapid Capital Funding, LLC, a direct funder of
merchant cash advances. Rapid Capital Funding has offices in Michigan and Florida and is one of America’s most trusted and reliable merchant cash advance providers. We have maintained an ‘A’
rating with the Better Business Bureau for close to four years. 80% of our
clients are repeat customers. Since 2007, RCF has been providing working capital solutions to all types of businesses nationwide. We do not now, nor have we ever, charged up front fees for our cash advance services. We have dedicated underwriting, in house funding and legal departments, on site customer service and pride ourselves on 100% customer satisfaction. We also have certain relationships with third – parties representing our services in certain markets, all of whom have met and maintain the highest standards of professionalism and ethics.

In response to this post, I wish to inform the reader that it was written by a former third-party independent representative whose contract was terminated. In violation of Rapid Capital’s policy against bait and switch sales tactics, Brian quoted non-approved rates to the merchant – rates below the acceptable margin to Rapid Capital in context of the risk assessment (underwriting). In keeping with our 100% customer satisfaction policy, we offered, and Brian agreed, to take a lower commission
if we discounted the program so he could “save face” with the customer. Rapid reduced (and nearly eliminated) our margin on the transaction for the customer’s, and Brian’s benefit.

In light of this situation we have
revised our training and screening process for independent representatives.

Craig Hecker

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