RapidAdvance announced a new partnership with iPayment,  Inc.  Under terms of the agreement, iPayment will offer RapidAdvance's business lending solutions and alternative financing programs to its more than 140,000 merchant customers.

"We  are excited to partner with iPayment to  provide fast and flexible business financing for its clients and help meet the demand for solutions that can be tailored to the specific needs and business goals of each client," said Will Tumulty, CEO of RapidAdvance. "iPayment understands  that access to growth capital is an essential component to success for businesses."

"Small business lending is a critical offering for companies like ours," said O.B. Rawls IV, CEO and President, iPayment, Inc. "After a thorough search and pre-qualification process, we made the decision that RapidAdvance is the right partner for us, and more importantly for our customers. We are excited to bring their suite of offerings to our customers and our partners."

Providing working capital to business owners quickly, easily and seamlessly allows them to spend more time growing their business rather than searching for capital. iPayment will leverage RapidAdvance's technology-driven  platform and personalized support to increase the availability of capital to merchant customers  as an alternative or a  complement  to traditional avenues of business  financing.