If your bank has turned down your loan application, there are still several options available to you. One such option is to consider getting a loan from a non-bank lender such as Rapid Capital Inc.
Here are some steps you can take:
Research: Check out Rapid Capital that specializes in the type of loan you need. Check out their terms and eligibility requirements.
Apply for the loan: Fill out an application for the loan you need.
Wait for approval: Rapid Capital will review your application and make a decision on whether to approve your loan. This can take anywhere from a few hours to 24 hours.
Review loan terms: If your loan is approved, review the loan terms carefully before accepting the loan. Make sure you understand the terms and other important details.
Receive funds: If you accept the loan, you’ll receive the funds in your account.
Along the entire process Rapid Capital will be there with you holding hands and explaining each step of the way as well as answering any questions.