Business LoansSmall Business Lender Reviews
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How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

QuickBridge Business Loans Review

Updated on:
Content was accurate at the time of publication.

  • Starting rate: 1.11 factor rate
  • Best for: Relatively new businesses with strong annual revenue who need funding quickly, and can repay their debts quickly, as well.

Pros and cons of QuickBridge

ProsCons

  Quick, flexible funding

  Available to businesses with as little as six months of business history

  You can qualify with a credit score as low as 600

  Cannot be used for equipment financing

  Minimum annual revenue requirement of $250,000 isn’t unheard of, but it’s not the lowest around, either

  Other lenders will consider you with an even lower credit score

QuickBridge small business loans review

QuickBridge is an alternative online lender that has provided more than 18,000 businesses with small business loans over its 12-year history. Its only product — a working capital loan — can be used for an array of purposes, though it can’t be used for equipment financing. Rather than APR, QuickBridge charges interest as factor rates, which are a comparatively expensive way to borrow — but QuickBridge’s factor rates are competitive for this sector of the market. You can secure financing from QuickBridge as soon as the day after you submit your application.

Who is QuickBridge for?

  • Those who want flexible funding quickly. You can use QuickBridge’s working capital loans for a number of funding needs and, if you qualify, funds can be available as soon as the next day.
  • Business owners who aren’t seeking equipment financing. One of the few things you can’t use a QuickBridge loan for is equipment financing.
  • Those who can repay their loan quickly. QuickBridge offers loan amounts of $10,000 to $500,000, but you have to repay the money over the course of 4 to 18 months depending on your loan terms. If you need a longer-loan term, this is not the lender for you.

QuickBridge small business financing at a glance

ProductLoan amountsRepayment termStarting rateFees
Working capital loans$10,000 to $500,0004 to 18 months1.11 factor rate1.00% - 5.00% origination fee

Working capital loan

QuickBridge’s working capital loans are flexible. You may see them marketed as short-term business loans, small business term loans or emergency business loans. You could also use these loans as a bridge loan or payroll loan, though no matter how you see it marketed, it is all one lending product.

Instead of an APR or interest rate, QuickBridge charges a factor rate on its working capital loans. Factor rates start at 1.11, which means that on a loan of $10,000 — if you qualified for the lowest factor rate of 1.11 — your total repayment would be $11,100.

Repayment terms can be anywhere from 4 months to 18 months, with loan amounts of $10,000 to $500,000. In addition to the factor rate, you will also be charged an origination fee that can range from 1.00% - 5.00% of the total loan amount.

QuickBridge loans are generally funded quickly. If your application is approved, you could see your money in as little as one day.

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QuickBridge borrower requirements

Minimum annual revenue$250,000
Minimum time in business6 months
Minimum credit score600

To qualify for a small business loan from QuickBridge, your business must be at least 6 months old with a minimum annual revenue of $250,000. You will need a credit score of at least 600 to qualify, but bear in mind that if your credit score is on the lower end, you’re not likely to qualify for the lowest factor rates. Your loan is likely to end up being more expensive.

Required documents

When you apply for a loan with QuickBridge you will be asked for the following information:

  • Name
  • Date of birth
  • Phone
  • Email
  • Business address
  • Home address
  • EIN (not mandatory)
  • Social Security number (mandatory)

Other business loan requirements you may be asked to provide to prove your business’s financials before qualifying for a loan are:

  • Tax returns
  • Bank statements
  • Proof of business ownership
  • Documentation of your debts
  • Proof of collateral if your loan requires collateral

Alternatives to QuickBridge

How Does LendingTree Get Paid?
LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.

How Does LendingTree Get Paid?

LendingTree is compensated by companies on this site and this compensation may impact how and where offers appear on this site (such as the order). LendingTree does not include all lenders, savings products, or loan options available in the marketplace.
QuickBridgeNational FundingFora Financial
Minimum credit score600600570
Loan products offered
  • Working capital loans
  • Working capital loans
  • Equipment financing
  • Small business loans
  • Merchant cash advances
Time to fundingAs soon as next dayAs soon as 24 hours after applicationUsually within 24 to 48 hours
Starting factor rate1.111.111.10
Maximum loan size$500,000$500,000$1,500,000
Minimum annual revenue$250,000$250,000$180,000

QuickBridge vs. National Funding

In 2018, fintech lender National Funding acquired QuickBridge, so the two lenders are owned by the same parent company. However, there are slight differences in their lending products. The biggest difference is that National Funding offers equipment financing, while QuickBridge does not. Loan qualifications and factor rates are the same at each lender, though.

QuickBridge vs. Fora Financial

Fora Financial offers small business loans that are similar to QuickBridge’s working capital loans, as well as merchant cash advances. The factor rates for these products can range from 1.15 to 1.40, which are higher than the starting rates offered by QuickBridge, though you can bring your factor rate as low as 1.10 if you enroll in early payback programming.

Fora Financial does allow you to borrow significantly more money — up to $1,500,000. However, qualification will depend on your annual revenue and other details about your business. Usually, you can qualify for an amount that’s equal to 75% to 125% of your monthly gross sales.

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