QuickBridge offers funding to a range of industries, including trucking and real estate companies that are typically too high risk to qualify for more traditional loans. The lender offers good credit business loans, but also considers loans to businesses with credit scores that might not qualify elsewhere. However, some reviewers complained of unexpected costs and fees, so be sure to review your loan's term details before signing.
Best for: Best for business owners with fair credit.
- Accepts credit scores starting at 600
- Prepayment discount
- Funds loans in as little as 24 hours
- More expensive than typical term loans
- Large annual revenue requirement
- Not transparent about costs online
Factor rate starting at 1.11
What makes QuickBridge shine
QuickBridge is an alternative lender that works with a wide range of industries, including trucking and real estate, which are typically seen as high risk. The lender offers funding to business owners who may not be able to qualify for financing from traditional sources due to their industry or creditworthiness.
It offers a wide range of financing, though it specializes in business term loans, especially short-term business financing.
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 business loans that charge on-the-dollar fees.
Where QuickBridge falls short
As an alternative lender, QuickBridge’s loans use factoring instead of interest to make its money, which makes its loans more expensive than a traditional loan. The lender also charges an origination fee of 1% to 5%, depending on your qualifications.
QuickBridge only offers short-term loans, from 6 to 18 months, that cap out at $400,000. And while it does offer lending to businesses with credit scores as low as 600, you also must have $250,000 or more in annual revenue to qualify.
QuickBridge small business loan details
QuickBridge business loans come with a fixed fee instead of interest, also called a factor rate. This factor rate starts at 1.11 for well qualified borrowers, which translates to about 11 cents for every dollar borrowed.
Loans that come with a flat fee instead of interest typically wrap the cost into your balance, rather than charging the fee upfront. Since there is no interest, going for a longer term can lower your repayments without making your loan more expensive. QuickBridge also offers a discount on the fee for repaying the loan early.
|Minimum credit score/credit range||Starts at 600; though high scores generally secure better rates and terms|
|Factor rate||Starting at 1.11|
|Loan amounts||Up to $400,000|
|Terms||Up to 18 months; repayments can be daily, weekly or monthly depending on your loan type|
|Turnaround||Typically within 24 hours; funding in 1–2 business days|
|Fees||1% to 5%|
|Availability||All 50 states|
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Additional Quickbridge financing solutions
QuickBridge also features a range of loans and financing options beyond its standard business loan. A customer service representative can help you understand what options best suit your business needs.
- Alternative Lending
- Bridge Loans
- Daily Payment Financing
- No Collateral Loans
- Receivables Financing
- Short Term Loans
- Business Loans
- Working Capital
- Tax Debt Loans
- Inventory Financing
- Payroll Loans
- Emergency Business Loans
- Marketing Loans
- Renovation Financing
- Expansion Financings
- Operating Loans
How to qualify for a QuickBridge business loan
You generally must meet the following requirements to qualify for a QuickBridge business loan:
- At least $250,000 in annual sales
- 6 months or more in business
- Have a business bank account
- A credit score of 600 or higher
But your requirements may change slightly based on the type of financing you need.
What information do I need to apply?
Most businesses only need to submit a state-issued ID and three months of their most recent bank statements along with the completed application. Business and personal tax returns may be required in some cases.
However, it might be beneficial to also have the following information on hand before you start the application.
- Business and personal contact information
- Gross annual revenue
- Time in business
- Social Security number or Employer identification number
What industries does QuickBridge work with?
QuickBridge works with a wide range of industries — even some that traditional lenders might consider high-risk. It has special lending programs for the following industries, which might struggle to find funding elsewhere:
- Construction and contracting
- Food services
- Health and wellness
- Business services
- Transportation and auto repair services
How to apply for a QuickBridge loan
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:
- Go to the QuickBridge site and select Apply now.
- Fill out a quick form with your name and hit Next.
- Provide your business’s address, time in business, three months of bank statements and annual gross sales. Select Next.
- Wait to be directed to the business loan application. Note the name and contact information of a funding advisor if you have any questions.
- Enter your home address and any other incomplete fields.
- Review the application. Then sign it and submit your email address. Hit Click to sign.
After you submit the application, wait for a funding adviser to get in touch with you — typically within an hour or sometimes up to 24 hours later. You’ll discuss your options and pick a loan amount, term and payment plan based on the program you qualify for.
Follow the funding adviser’s directions to submit your business’s documentation before you review and sign your loan documents. After you submit the completed application, QuickBridge deposits the funds into your business’s bank account. This usually takes one to two business days.
How do repayments work?
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. In any case, borrowers are required to sign up for automatic repayments.
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.
How QuickBridge compares to other lenders
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Quickbridge reviews and complaints
|BBB customer reviews
1.88 out of 5 stars, based on 17 customer reviews
|BBB customer complaints
11 customer complaints
4.7 out of 5 stars, based on 353 customer reviews
|Customer reviews verified as of
01 May 2023
QuickBridge has relatively positive online reviews. Customers are particularly happy with the quality of customer service, with many mentioning representatives by name. Some are also pleased with how quick and straightforward the application process was.
However, a few customers had a bumpier road getting approved, and several mention that the cost was higher than they expected. Be sure to review the terms of your loan agreement before you sign to confirm your business can afford the total cost.
Is QuickBridge legit?
QuickBridge is a licensed lender in California. It has funded more than $800 million through 34,000 loans to 18,000 customers as of May 2023.
But it lacks transparency, which can be a red flag. 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.
Frequently asked questions
Is QuickBridge a direct lender?
Yes, QuickBridge is a direct lender. But it also works with other lending partners to help you find financing if you don’t meet its criteria.
Does QuickBridge do a hard credit check?
No. Unlike other lenders, QuickBridge does a soft pull only when qualifying you for a loan.
Is a QuickBridge loan worth it?
The answer to this question depends on the APR and repayment terms of your loan. To get the best deal, compare quotes from different business lenders and see what APRs, fees and terms they’re offering. Compare the best business loans of 2023.