Quantum Lending Solutions: Small-Business Loans for Borrowers With Good Credit
Quantum Lending Solutions (formerly Fundation) offers both term loans and lines of credit for business owners seeking working capital.
Overview
The bottom line:
Quantum Lending Solutions stands out by offering business loans to companies with lower annual revenue than many competitors require, making it a good option for newer businesses still finding their footing. The ability to repay early without penalties is another plus, as it can help business owners save on interest. But given the lender’s high credit score requirements and upfront origination fees, business owners may find more accessible and affordable options elsewhere.
Loan details
Min. Loan Amount
$10,000
Min. Term Length
12 months
Min. APR
20.21%
Max Loan Amount
$150,000
Max Term Length
24 months
Qualifications
Min. credit score
680
Min. Time in Business
12 months
Min. Annual Revenue
$50,000
Pros & Cons
Pros
Low revenue requirements compared with other online lenders.
No prepayment penalties.
Can be used to build business credit.
Cons
Higher credit score requirements than some other online lenders.
Charges origination fees and a line of credit inactivity fee.
Not available in all 50 U.S. states.
Quantum Lending Solutions is an online lender formed in 2023 through a merger of Fundation and Camino Financial. The lender offers term loans and lines of credit for small-business owners seeking working capital. These small-business loans
Consider Quantum Lending Solutions if you:
- Want repayment flexibility: You can make payments on your loan either semimonthly or monthly, depending on the type of loan. Plus, there’s no prepayment penalty if you decide to pay off your debt early.
- Have a good credit score. To qualify for a business loan from Quantum Lending Solutions, you’ll need a credit score of at least 680.
- Don’t generate a ton in sales. Quantum lends money to business owners who bring in at least $50,000 in annual revenue and have been in business for at least 12 months.
Not a fit? Consider these options instead.
How much do you need?
We’ll start with a brief questionnaire to better understand the unique needs of your business.
Once we uncover your personalized matches, our team will consult you on the process moving forward.
Quantum Lending Solutions business loan details
Quantum offers a business term loan business line of credit
Quantum Lending Solutions business term loan
| Loan amount | $10,000 to $500,000. |
| Estimated APR | Starting at 17.63%. |
| Fees |
|
| Terms | 12 to 60 months. |
| Repayment schedule | Semimonthly. |
| Funding speed | Approval and funding within three to five business days. |
Quantum Lending Solutions business line of credit
| Loan amount | $10,000 to $150,000. |
| Estimated APR | Starting at 20.21%. |
| Fees |
|
| Terms | 12 to 24 months. |
| Repayment schedule | Monthly. |
| Funding speed | Approval and funding within three to five business days. |
» If you’re not sure which to choose , compare business loans vs. lines of credit
Where Quantum Lending Solutions stands out
Low annual revenue requirements
Your business must make at least $50,000 in annual revenue to qualify for a term loan or business line of credit from Quantum. This minimum revenue requirement is lower than many other online lenders, some of which require $100,000 or more. A lower revenue threshold can be especially helpful for newer businesses still working to establish a customer base.
Flexible repayment schedules
Quantum Lending Solution's term loan requires borrowers to repay their loan twice a month, while its line of credit offers the convenience of monthly payments. These repayment schedules provide greater flexibility compared with many other online lenders, which require weekly or even daily repayments.
Ability to pay debt early
With a Quantum term loan or line of credit, small-business owners can repay their debt early without incurring a prepayment penalty
💬 From our Nerds: Repayment flexibility gives business owners breathing room
“The ability to make semimonthly or monthly payments gives small-business owners breathing room to manage their cash flow without the constant pressure of daily or weekly withdrawals. This flexibility can be very helpful for businesses with fluctuating revenue, making it a more manageable option than lenders that demand frequent payments.”
Ryan Brady, lead writer, Small Business
Where Quantum Lending Solutions falls short
High credit score requirement
Compared with other online lenders, Quantum Lending Solution’s minimum credit score requirement of 680 is on the high end. For comparison, most of the lenders that make our roundup of best online business loans
Upfront costs
Quantum Lending Solutions charges a 5% origination fee for its term loan and a 3% origination fee for its line of credit. Business loan origination fees American Express Bluevine
Alternatives to Quantum Lending Solutions
OnDeck
OnDeck
OnDeck - Line of credit
NerdWallet Rating
5.0
Min Credit
625
Apply now with Fundera by NerdWallet
This makes OnDeck a good alternative for borrowers with slightly lower credit scores. However, you’ll also need at least $200,000 in annual business revenue to qualify for financing from OnDeck.
Fundbox
Fundbox
Fundbox - Line of credit
NerdWallet Rating
4.7
Min Credit
600
with Fundera by NerdWallet