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QuickBridge small business loans review

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Nontraditional unsecured financing up to $300,000 based on your business's cash flow.

When you’ve tried and failed to find financing that your business can qualify for, QuickBridge might be able to help you out. This alternative lender is open to several industries that many traditional lenders consider high risk, including transportation, trucking and wholesale merchants. Its loans don’t require collateral and are based on your business’s cash flow, so time in business and your personal credit score might not matter as much as with other lenders.


Max. Amount


Product NameQuickBridge small business loans
Max. Amount$300,000
Loan TermUp to 10 years
Requirements500+ personal credit score, $5,000+ bank account deposits in last 3 months

First, do I qualify?

To qualify for a QuickBridge business loan, you must have:

  • At least three months with $5,000 in deposits to your business bank account.
  • A credit score of 500 or higher.

What is QuickBridge?

QuickBridge is an alternative lender that works with a wide range of industries, from trucking to real estate. It opened its doors in 2011 with the purpose of providing funding to businesses that typically can’t qualify for financing from traditional sources like banks or credit unions due to their industry or creditworthiness. It offers a wide range of financing, though it specializes in unsecured business term loans, especially short-term business financing.

How much you can borrow and your loan terms vary depending on your business’s cash flow, though the most anyone can borrow is $300,000. And instead of paying interest, these loans come with a flat fee, typically between 10 and 20 cents for every dollar borrowed. You can start your application online in a few minutes and get your funding in as little as two business days. There are no application fees, and QuickBridge offers discounts on the loan cost if your business can pay off its loan early.

What makes QuickBridge small business loans unique?

QuickBridge small business loans don’t come with interest, so how long you take to pay it off doesn’t affect your loan’s cost. Its emphasis on your business’s cash flow also means that your loan amount is tailored to what you can afford to borrow and repay. While it can be pricier than other types of financing, it’s competitive compared to other short-term unsecured business loans that charge on-the-dollar fees.

What are the benefits of a QuickBridge business loan?

  • Poor credit OK. The cutoff credit score is a low 500, opening these loans to more business owners.
  • Cashflow based. QuickBridge ensures you get the right type of financing by making offers based on how much money your business brings in each month.
  • Some high-risk industries accepted. Auto repair, healthcare, restaurant and transportation are among the industries that QuickBridge works with.
  • Prepayment discount. Even though QuickBridge doesn’t charge interest, your business can still get a discount on your loan cost by paying it off early.

What to watch out for

  • Can be expensive. If you can qualify for a traditional business loan, even QuickBridge’s best offer might not be the best deal you can get — its fees typically start around 10 cents on the dollar.
  • Might only qualify for daily or weekly repayments. QuickBridge offers a wide range of repayment options, but your business might only be eligible for daily or weekly repayments, which are less forgiving if an unexpected financial emergency strikes.
  • Lacks transparency. QuickBridge doesn’t give many specifics about its loans on its site, and its customer service team is generally hesitant to reveal basic information to make an informed comparison — like general ranges for loan amounts, terms and costs.

Compare more business loan providers

Updated March 30th, 2020
Name Product Filter Values Loan amount Starting APR Requirements
First Down Funding business loans
$1,000 – $300,000
Varies by type of loan
Alternative financing up to $300K with highly competitive rates.
$500 – $5,000,000
Operate a business in the US or Canada, have a business bank account and have a personal credit score of 675+.
Submit one simple application to potentially get offers from a network of over 75 legit business lenders.
$5,000 – $500,000
600+ personal credit score, 1+ years in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
Kabbage Small Business Line of Credit
$500 – $250,000
1+ years in business, $100,000+ annual revenue or $4,200+ monthly revenue over last 3 months
A simple, convenient online application could securely get the funds you need to grow your business.
$30,000 – $5,000,000
650+ personal credit score, US citizen or permanent resident, 2+ years in business, $50,000+ annual revenue, no outstanding tax liens, no bankruptcies or foreclosures in past 3 years
Get funding for your small business with a government-backed loan and extended repayment terms.

Compare up to 4 providers

What do customers say about QuickBridge?

QuickBridge has relatively positive online reviews. As of July 2018, it has an A+ rating from the Better Business Bureau (BBB) based on factors like advertising practices and how it handles customer complaints. It’s also been BBB-accredited since 2014. However, the three customer reviews on its BBB page are negative and one customer has filed a complaint against the company.

It does much better on Trustpilot, scoring a 9.4 out of 10 based on 145 reviews, with 85% of customers rating it as excellent. Customers were particularly happy with the quality of customer service, with many mentioning representatives by name. Some were also pleased with how quick and painless the application process was. However, a few customers had a bumpier road getting approved and several mentioned that the cost was higher than they’d expected.

Am I eligible?

To be eligible for a QuickBridge small business loan, you and your business must:

  • Have at least three months of $5,000 deposits. In other words, your business needs to put at least $5,000 into its bank account each month for three months or longer — not $5,000 in monthly revenue.
  • Have a credit score of 500 or higher. Many lenders have higher credit score cutoffs, even for borrowers with less-than-perfect credit.

How do I apply?

You can start your application online or over the phone by calling 888-233-9085. Make sure you have basic information about your business and its financials before you begin. Here’s how to apply online:

  1. Go to the QuickBridge site and click Apply Now.
  2. Fill out a quick form with your and your business’s contact information and how much you’d like to apply for before hitting Submit.
  3. Wait for a funding adviser to get in touch with you — typically within an hour, or sometimes up to 24 hours later.
  4. Discuss your options and pick a loan amount, term and payment plan based on the program you qualify for.
  5. Follow the funding adviser’s directions to submit your business’s documentation.
  6. Review and sign your loan documents.
  7. Wait for your funds to be deposited into your business’s bank account, typically within one to two business days.

How to apply step-by-step with screenshots

What documents do I need to apply?

Typically, small businesses only need to submit two types of documents:

  • A copy of your driver’s license. If you don’t have a driver’s license, a government-issued ID like a passport might work as a substitute.
  • Recent bank statements. QuickBridge will want to look at your business’s past three bank statements to get a sense of its cash flow.

I got a QuickBridge business loan. Now what?

How you repay your loan depends on what type of plan your business qualifies for. Some businesses might qualify for monthly repayments, while others might have to make weekly or even daily repayments.

Consider signing up for automatic repayments if possible. This way you won’t have to take time out of your work schedule to make manual repayments when they’re due. Watch your business’s bank account and your loan balance to make sure there are no errors. If you see something that doesn’t make sense or have any other questions about your loan, reach out to customer service as soon as you can.

Bottom line

QuickBridge business loans could be the answer if your businesses is one that many lenders consider high risk. It has a relatively quick turnaround with minimal paperwork and a hands-on application process that works to ensure you get the right type of loan for your business’s financial situation.

Its high cost means it might not be a great deal for more established businesses that can qualify for a loan from a traditional lender. To learn more about your business’s financing options, visit our business loans guide, where you can also compare more lenders.

Frequently asked questions

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