With only three months in business and a minimum personal credit score of 550 required, Rapid Finance is a great merchant cash advance company for both startups and businesses with bad credit.

Rapid Finance offers merchant cash advances in amounts up to $500,000 with factor rates starting at 1.22. You can apply for an MCA from Rapid Finance quickly and easily online and receive funding as fast as 24 hours.

To apply, Rapid Finance only requires four documents:

• Government-issued photo ID
• Voided check from your business checking account
• Last three statements from your business bank account
• Last three credit card processing statements

Although Rapid Finance may be a little more expensive than some of their merchant cash advance company competitors, they’re fast, flexible (with the option for daily or weekly payments), and worth considering for those who can’t qualify for other loan products.

Plus, Rapid Finance also offers short-term loans, lines of credit, among other financing options, so you may also find that another solution from Rapid can meet your funding needs.