Rapid Finance

In today's competitive banking landscape, credit unions have a unique opportunity to thrive by focusing on small business lending. With over 33 million small businesses in the U.S., they are the backbone of local economies and often overlap with credit union memberships. Our latest blog explores how small business lending provides credit unions a strategic edge in serving their communities and how we can assist in building these programs. Read it here: https://hubs.ly/Q02F0jBY0

Our Head of Decisioneer Digital Lending, Kunal Sehgal, is attending the American Banker Digital Banking 2024 conference this week in Boca Raton, FL. Connect with Kunal today to discover how our innovative solutions can enhance your small business lending. #DigitalBanking #SMBLending

BAI's Banking Strategies Executive Report, “Elevating customer service across the enterprise”, features our own Will Tumulty sharing his thoughts on technology's role in the SMB lending gap, the importance of digital adoption for SMBs and more. Download the report here: https://hubs.ly/Q02B8SdF0

#NEWS: In our ongoing commitment to supporting SMBs, we have made a major enhancement to our AI fraud detection platform, Lynx, with the availability of our cloud-based rules engine. The updated rules engine enables enterprise customers to create customized risk management rules and outcomes, further strengthening the ability to make informed lending decisions. Learn more in our latest press release: https://hubs.ly/Q02zRzJD0

Just released! Our new white paper, "Strategic Small Business Lending: How Credit Unions Can Thrive with the 'Right Deposits'," explores how credit unions can improve operational efficiency, grow deposits and increase loans by leveraging small business lending programs. Download it here to learn more: https://hubs.ly/Q02zDZ370

Our CEO, Will Tumulty, was recently a guest on the official Finopotamus Podcast, TechSolutions4CUs, to discuss all things small business lending. Tune in to his episode here: https://hubs.ly/Q02zD-pS0

At Rapid Finance, supporting small businesses has been at the core of what we do since 2005. Happy National Small Business Month to the entrepreneurs, go-getters, and visionaries who are the backbone of our economy. We appreciate you and the impact you are making on your communities each and every day! #smallbusinessmonth

Introducing our Director of Collections, Eric Campbell! We sat down with Eric to learn more about his work at Rapid, as well as his passions outside of work. Q: What are 3 words that best describe you? A: Loyal, Dedicated, and Supportive Q: What does your typical day look like? A: My typical day starts with updating the daily collections numbers to make sure my team is on track to meet production goals. I will review the daily ACH return payment report to assure all payments that our clients set up clear their banks and get applied to their accounts. I check in with senior team members for updates and suggestions, take calls from team members to discuss concerns and production strategies, attend Zoom meetings with our leadership team to triage completed tasks and to give updates about the team's production, and regularly speak with clients in between all of that to move on resolving balances. I am so honored to lead teams that are self-motivated and driven to meet our goals. Q: What do you enjoy doing outside of work that fulfills you? A: Like most people, I love traveling. Traveling with my wife of 19 years is very fulfilling. Beach vacations are the best. In addition to that, my wife and I are foodies. During warmer months, we love eating at our favorite restaurants—we are always in search of new restaurants! Family time is important to us and we enjoy entertaining family and friends in our backyard. My wife and I are long time Spades champs and we enjoy getting out on the water with friends for an afternoon of fishing. In the winter months, I spend a lot of time at home. We whip out our digital recipe book that we saved from YouTube and cook some great meals. We enjoy having dinner parties with our family and friends on the weekends. We also love live entertainment such as comedy shows and music concerts. A couple of my favorite shows include Stevie Wonder performing his Songs in the Key of Life album live in Washington D.C. and Wu-Tang Clan's performance at Jiffy Lube Live in Virginia. Q: What is your favorite work quote that motivates you every day? A: I'm not sure who to give credit for the quote "Simplicity is genius" but it is by far my favorite work quote and ISM. "Simplifying things in this fast-moving, complicated world isn't just good—it's GREAT." What a quote!

Happy #NationalSmallBusinessWeek! It's an honor to be able to support small businesses and their local communities. At Rapid Finance, we believe that small businesses are the backbone of our economy and for nearly 20 years, we've dedicated ourselves to helping small businesses grow by providing them with the capital they need when they need it.

A small business line of credit is a flexible funding tool that allows access to a predetermined amount of working capital. This type of revolving credit is a great option for small businesses to overcome gaps in cash flow and help them grow. https://lnkd.in/dYsnWC7u