QuickBridge Reviews
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About QuickBridge
QuickBridge delivers small business financing solutions. The company offers short-term loans and working capital options to support business growth and operational needs. Utilizing a streamlined application process and flexible repayment terms, QuickBridge helps businesses access necessary funds quickly and efficiently.
- Rapid funding turnaround
- Flexible credit and business tenure requirements
- Early repayment incentives
- No credit impact to apply
- High annual revenue threshold
- Lack of transparency on rates and fees
- Frequent repayment schedule
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 specializes in providing short-term business loans up to $500,000. It provides options like working capital loans, bridge loans, and emergency business loans. These loans are designed to help businesses cover immediate needs and maintain smooth operations with quick access to funds and flexible repayment terms. While this isn't an exhaustive list, here are some examples of the types of loans QuickBridge offers:
Working capital loans
- Cover day-to-day expenses like payroll, inventory, and operational costs
- Often short-term loans, typically with repayment terms of six to 18 months
- Ideal for businesses with seasonal revenue fluctuations or cash flow gaps
Unsecured loans
- No collateral required
- Higher interest rates may apply due to the increased risk for the lender
- Personal guarantee may be required, risking your personal assets if repayment is missed
Bridge loans
- Short-term loans to bridge funding gaps or during transitions
- Often used to cover immediate expenses while waiting for other funding sources
- Repayment terms generally range from three to 12 months
Short-term loans
- Fast funding for businesses needing quick access to capital
- Repayment terms typically range from six to 18 months
- Used for various business needs, including covering operational expenses or equipment purchases
Emergency business loans
- Designed for urgent needs with quick processing
- Perfect for unexpected expenses like repairs or immediate market opportunities
- Funding can be provided in as little as 24 hours
QuickBridge offers flexible and fast loan solutions to help your business stay on track during critical times. To explore more financing options, check out our comparison of the top business loan lenders in our Best Business Loan Companies guide, where we evaluated 49 companies to help you find the best fit.
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. If you don’t meet the qualifications for QuickBridge, consider applying for a start-up business loan instead.
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:
| Company | Customer rating | Loan amounts | Loan terms | Funding | Minimum credit score | Time in business | Revenue | |
|---|---|---|---|---|---|---|---|---|
 | No ratingView profile | $10,000 to $500,000 | 4 to 18 months | 600 credit score | 6 months in business | $250,000+ in annual sales | Learn More | |
 | 4.0 | $5,000 to $500,000 | 4 to 18 months | 600 credit score | 6+ months in business | $250,000+ in annual sales | Learn More | |
 | 4.6 | $5,000 to $250,000 | 12, 18 or 24 months | 625+ credit score | 1+ year in business | $100,000+ in annual sales | Learn more |
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.
Does QuickBridge do a hard pull?
No, QuickBridge does not do a hard credit inquiry initially. However, if you don’t qualify, it may refer you to one of its partners, which may require a hard credit pull.
Does QuickBridge charge an early payoff fee?
No, QuickBridge doesn't charge additional fees (prepayment penalty) for paying off your loan early. Instead, it offers early payoff discounts, allowing you to save on interest if you settle your loan ahead of schedule, as long as you meet the necessary terms.
Is QuickBridge legit?
Yes, 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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QuickBridge Company Information
- Company Name:
- QuickBridge
- Website:
- www.consumeraffairs.com
