Rapid Advance - Onex Falcon

Rapid Advance

Complex investment structure with significant industry-related diligence performed with a tight timeframe

Business Description:

Rapid Advance is an independent provider of merchant cash advances and unsecured loans to small businesses.

Falcon Solution:

Falcon partnered with the sponsor to acquire Rapid Advance.  Working under a tight timeframe, Falcon provided a flexible capital structure, including senior subordinated notes with warrants and senior holdco notes with warrants, to supplement the equity capital provided by the sponsor.

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Investment Date:

AUG 2013

Transaction Type:



Financial services – small business finance


Independent sponsor


Senior subordinated notes and senior holdco notes

Exit Date:

Current investment