QuickBridge Business Loans Review
Ratings and reviews are from real consumers who have used the lending partner’s services.
Ratings and reviews are from real consumers who have used the lending partner’s services.
Not publicly disclosed
Up to $500,000
6 months
$250,000
Pros and cons of QuickBridge
| Pros | Cons |
|---|---|
No collateral or down payment requirement Potential for early payoff discount Easy and quick application process May lend to those with fair credit | High annual revenue requirements Does not lend to those with poor credit Factor rates not shared publicly — you’ll have to apply to see if it’s more or less expensive than the competition |
QuickBridge small business loans review
With QuickBridge, businesses can borrow up to $500,000 to pay for a wide range of business expenses. Whether you’re looking to cover emergency costs or take advantage of a limited-time opportunity, these short-term working capital loans are designed to provide fast financing, allowing you to receive your funds in as little as 24 hours, and if you’re able to repay your debt early, you may qualify for a discount.
However, despite relatively low time-in-business and credit score requirements, businesses will need to generate at least $250,000 in annual revenue to qualify for a loan. It’s also important to note that QuickBridge does not publicly disclose its fees or factor rates, so you’ll need to read your loan offer carefully to understand the total cost of borrowing.
Who is QuickBridge best for?
- Borrowers with fair credit. If you have fair credit, you might get turned down by more traditional lenders. Alternative lenders like QuickBridge are more likely to offer funding if you have fair credit.
- Business owners who need quick funding. In some cases, QuickBridge can get your funding into your bank account as soon as the business day after application.
QuickBridge small business financing at a glance
| Product | Loan amounts | Repayment term | Starting rate | Fees |
|---|---|---|---|---|
| Working capital loans | Up to $500,000 | Not disclosed | Not disclosed | Not disclosed |
Working capital loan
With a QuickBridge working capital loan, you can secure a short-term business loan of up to $500,000. You can use your loan for any number of purposes, whether that’s equipment financing, as a bridge loan or to acquire a competing business. While its website advertises “no hidden fees,” that doesn’t mean there won’t be any fees. Instead, it means you should read your loan offer carefully to ensure you understand all the fees that are disclosed. Keep a particular eye out for any potential origination fees.
QuickBridge working capital loans come with no collateral or down payment requirements. In some instances, you may be offered an early payoff discount. If that option is available to you, it will be outlined in your loan offer, and you’ll have to be current on your payments in order to take advantage of it.
QuickBridge isn’t very forthcoming about the terms of its loans, like what interest rate or fees you’ll pay, what term lengths are available or how often you’ll need to make payments. In order to learn more, you’ll need to apply. If you decide to move forward with an application, read the terms carefully before signing.
QuickBridge borrower requirements
| Minimum annual revenue | $250,000 |
| Minimum time in business | 6 months |
| Minimum credit score | Generally, fair to excellent |
To qualify for a working capital loan with QuickBridge, you will need at least six months of business history, and you must be able to prove the equivalent of $250,000 in gross sales on an annual basis. QuickBridge’s final lending requirement is a fair to excellent credit score, though their site does mention that they consider all credit scores.
Required documents
Usually, Quickbridge only requires a current driver’s license and three months of bank statements. You may need your business or personal tax returns, too. This is a low paperwork burden for a business lender, but it’s still a good idea to prepare the required paperwork before you apply so the process goes as quickly as possible.
Alternatives to QuickBridge
| QuickBridge | Fora Financial | National Funding | |
|---|---|---|---|
| Minimum credit score | Generally, fair to excellent | 570 | 600 |
| Loan products offered |
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|
|
| Time to funding | As quickly as 24 hours | Usually 24 to 48 hours | As quickly as 24 hours |
| Starting rate | Not disclosed | 1.13 factor rate | Not disclosed |
| Maximum loan size | $500,000 | $1,500,000 | $500,000 |
| Minimum annual revenue | $250,000 | $240,000 | $250,000 |
QuickBridge vs. Fora Financial
Fora Financial allows you to borrow a lot more money than QuickBridge, and it also has lower annual revenue requirements. Now, if you’re barely meeting the minimum annual revenue requirement, you may not qualify for the largest loan size, but the difference in limits is still worth noting.
You may have an easier time with Fora Financial if you have a poor credit score, as well — unlike QuickBridge, they’re transparent about their minimum credit score requirements, so it’s easy to know if you’ll qualify ahead of time.
QuickBridge vs. National Funding
QuickBridge and National Funding offer similar maximum loan amounts with similar annual revenue requirements. However, if you do have poor credit, National Funding may be more likely to work with you, as it places a larger emphasis on its time-in-business and minimum revenue requirements than credit scores.