QuickBridge Reviews

QuickBridge Reviews
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Pros & Cons

  • Requires only six months in business
  • Quick funding
  • Accepts credit scores as low as 600
  • Early payoff discounts available
  • Requires at least $250,000 in annual revenue
  • Origination fees may apply
  • No business lines of credit
  • Not ideal for long-term funding

Our editor’s take on QuickBridge

QuickBridge fills an important niche for new businesses and those that need funding fast. As a direct lender and fintech company, its strength lies in its quick application process, which is capable of delivering funds in as little as 24 hours of approval.

But QuickBridge lacks online transparency about rates and fees. You won't know your exact costs until approved, and the terms are variable. This lack of upfront clarity might be a concern for some businesses.

Also, you need at least $250,000 in annual sales, which might be a barrier for smaller or less established businesses. If you don’t meet this requirement or are looking for longer-term funding beyond 18 months, consider other lenders.

QuickBridge products

QuickBridge provides businesses with a variety of loan options.

All its loans are available in amounts ranging from $10,000 to $500,000 with terms of four to 18 months. Repayments can be daily or weekly and you can receive funding in as quick as 24 hours.

Working capital loans

A working capital loan can help finance your business’s day-to-day operations. You can use it to cover short-term expenses like payroll, inventory purchases or other operational costs.

Working capital loans come in different varieties, including bridge loans and short-term loans that you often repay in six to 18 months. They’re ideal for businesses that have seasonal revenue fluctuations or need to quickly cover a gap in cash flow.

Unsecured loans

Unsecured loans don’t require collateral, which means you don't need to pledge business assets to secure the loan. This can be a convenient option if you don't want to risk your property or if you don't have sufficient collateral.

But these loans might come with higher interest rates due to increased risk for the lender. Also, you may be asked to sign a personal guarantee that allows a lender to seize your personal assets if you’re unable to repay.

Emergency business loans

Tailored for urgent financial needs, an emergency business loan is designed to be processed quickly to provide rapid funding. They are suitable for unexpected expenses, such as emergency repairs or sudden market opportunities that require immediate capital.

QuickBridge interest rates

QuickBridge does not advertise specific interest rates on its website. Instead, it uses an online scoring system to evaluate applicants' business credit profiles and automatically calculate a customized factor rate for each loan.

This scoring system allows QuickBridge to quickly determine approved loan amounts and rates without a lengthy manual underwriting process.

QuickBridge fees

QuickBridge charges an origination fee that can range from 0% to 5% of the total loan amount. This fee is paid upfront when the loan is funded. There are no prepayment penalties if you pay off your QuickBridge loan early. In fact, eligible customers can receive a discount for paying off loans early.

How to apply for a QuickBridge loan

QuickBridge aims to be fast and digital-first. Its application process is mostly done online through its website. You’ll generally need only your driver’s license and bank statements to apply.

QuickBridge’s eligibility requirements look like this:

  • At least six months in business
  • At least $250,000 in annual sales
  • An active business bank account
  • A minimum credit score of 600 or higher

If you’re approved for a loan, QuickBridge will deposit the funds into your account in as little as one business day.

How does QuickBridge compare?

QuickBridge stacks up well against other online business loan lenders. For example, compared with National Funding’s small business loans, QuickBridge has the exact same terms and eligibility requirements, but the two may use slightly different scoring systems to determine which rates you qualify for.

Compared with OnDeck’s small business loans, QuickBridge has more lenient time in business and credit score requirements, but its annual revenue requirement is higher ($250,000 versus $100,000). If your business isn’t earning at least $250,000 yet, OnDeck might be a better option.

Here’s how each brand’s small business loans compare side by side:

QuickBridge FAQ

What credit score do you need for QuickBridge?

QuickBridge accepts credit scores as low as 600, which is in the fair range. You’ll qualify for the best rate and terms if you have good to excellent credit, which is a FICO score of 670 or above.

What is QuickBridge’s interest rate?

QuickBridge customizes interest rates based on your total borrower’s profile, which includes your credit score, time in business, revenue and other factors. The interest rate you qualify for will also vary by loan type. The best way to see current QuickBridge rates is to submit an online application.

What are the requirements for QuickBridge funding?

You’ll need to meet these general requirements to qualify for a QuickBridge loan: a minimum credit score of 600, at least $250,000 in annual revenue, at least six months in business and a business checking account.

Is QuickBridge legit?

QuickBridge is a legitimate small business loan lender that says it has helped over 18,000 businesses receive more than $1 billion in funding. Founded in 2011, it serves a wide range of industries, including agriculture, farming, construction, food and beverage, health care, transportation and real estate. QuickBridge is headquartered in Irvine, California.

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