QuickBridge Business Loans 2025 Review
QuickBridge offers short-term loans that can be used for working capital, among a variety of other purposes. Funding is fast, but may be expensive.
Overview
The bottom line:
QuickBridge stands out as a fast financing option for borrowers who may not qualify for more traditional business loans. QuickBridge generally has flexible eligibility requirements, although you’ll need strong revenue to get funded.
Loan details
Min. Loan Amount
$6,000
Min. Term Length
4 months
Max Loan Amount
$500,000
Max Term Length
18 months
Qualifications
Min. credit score
600
Min. Time in Business
6 months
Min. Annual Revenue
$250,000
Pros & Cons
Pros
Funding in as little as 24 hours.
Startups and borrowers with bad credit may qualify.
Prepayment discounts available.
No collateral required.
Cons
Requires higher annual revenue than other online lenders.
Charges a factor rate that makes it more difficult to compare costs with other lenders.
Can’t build business credit.
Charges an origination fee.
QuickBridge is an online lender offering small-business loans
QuickBridge is known for its flexible qualification requirements and fast funding timeline. Borrower reviews also highlight the professionalism and attentiveness of QuickBridge’s loan officers.
QuickBridge is best for:
✔️ Fast access to capital.
✔️ Startups and/or borrowers with bad credit.
✔️ Prepayment discounts.
...
IN THIS REVIEW
QuickBridge loan features
Here’s what you can expect from QuickBridge’s short-term business loan
| Loan amount | $6000 to $500000. |
| Estimated interest rate | QuickBridge quotes interest as a factor rate — which starts at 1.11. |
| Fees |
|
| Terms | 4 to 18 months. |
| Repayment schedule | Daily or weekly. |
| Funding speed | Approval as fast as the same day. Funding available in as little as 24 hours after approval. |
QuickBridge loan requirements
To qualify for a QuickBridge business loan, you’ll need to meet the following minimum requirements:
- Credit score: 600.
- Time in business: 6 months.
- Annual revenue: $250000.
QuickBridge also requires that you have a business bank account.
Where QuickBridge stands out
Fast funding process
QuickBridge has a simple application process that can be completed in minutes. Once you’ve submitted your information, you’ll connect with a dedicated funding specialist. Your funding specialist will go over your financing options and collect any additional information the lender needs.
You may be able to receive an approval decision as fast as the same day. After you’re approved, you can get funding in as little as 24 hours.
» Is speed a priority? Compare the best fast business loans
Low credit score and time in business requirements
To qualify for a bank or SBA loan
Early repayment discount
Instead of charging prepayment penalties
To receive the prepayment discount, you must pay off your balance in full, be current and be in good standing within the given time parameters.
Where QuickBridge falls short
Charges interest as a factor rate
QuickBridge charges interest on its business loans as a factor rate
For example, say you have a $50,000 loan with a factor rate of 1.11. You’ll multiply $50,000 by 1.11 to get $55,500 — the total amount you’ll be paying to your lender. Based on the way factor rates work, the cost of your loan can quickly grow with a slight change in rate. If you have the same $50,000 loan with a factor rate of 1.3, you’ll end up paying back $65,000 — $9,500 more than you were paying with a factor rate of 1.1.
Compared with more traditional business loan rates
High annual revenue requirement
QuickBridge requires you to have $250000 in annual revenue to qualify for one of its loans. This requirement is higher than many online competitors and even some bank lenders.
OnDeck and iBusiness Funding, for example, both of which offer online term loans, only require $100000 and $50000 per year, respectively. Similarly, Bank of America’s unsecured term loan requires $100000 in annual revenue.
If you’re still building your business’s revenue, you might look into the best low-revenue business loans
Limited information available online
QuickBridge provides limited details about its business loans on its website — meaning borrowers have to reach out to a company representative or submit an application for more information. For instance, QuickBridge doesn’t disclose its minimum credit score requirement, repayment terms, factor rates or origination fees. NerdWallet gathered that information from the lender.
What borrowers say about QuickBridge
NerdWallet checked online forums like Reddit and review sites like TrustPilot to gauge borrowers' experience with QuickBridge. We used an AI tool to help analyze this feedback. Here are the major trends we spotted.
👍 Fast funding process
Borrowers like QuickBridge’s speedy loan approval process. Some borrowers even highlight that they were able to receive funds within 24 hours.
👍 Customer service
Many borrowers appreciate QuickBridge’s responsive customer service team. Reviewers mention that loan representatives are professional, communicative and do a good job of guiding them throughout the process.
👎 Cost
Some borrowers express concern over the high cost of financing, especially compared with more traditional lenders. Reviewers highlight the importance of thoroughly reading over the loan terms and rates before signing an agreement.
👎 Direct mail marketing
Certain borrowers report receiving unsolicited mail from QuickBridge — some of which include pre-approved loan offers or credit cards. Reviewers tend to find this marketing tactic confusing, aggressive and potentially misleading. QuickBridge responds to many of these borrowers, explaining that mailers are sent to businesses based on information it receives from external list providers. You can reach out to the lender to be removed from these mailing lists.
Alternatives to QuickBridge
Altbanq
Like QuickBridge, Altbanq
Altbanq can be a good option if you’re a more established business, but less revenue than QuickBridge requires. To qualify for a loan from Altbanq, you’ll need a minimum credit score of 650, at least $100000 in annual revenue and at least 12 months in business.
OnDeck
OnDeck offers online, short-term business loans of up to $250000. This lender has a lower minimum annual revenue requirement — $100000 — compared to QuickBridge’s $250000. You will, however, need at least 12 months in business and a minimum credit score of 625 to qualify for OnDeck
OnDeck can be a good option if you want slightly longer repayment terms, up to 24 months. OnDeck also reports to the commercial credit bureaus, allowing you to build business credit, which you can’t do with QuickBridge.
Plus, if you’d like the flexibility of a business line of credit instead of a term loan, OnDeck also offers credit lines of up to $100000.
» Want to consider additional alternatives? Check out our list of the best online business loans
Frequently asked questions
Are QuickBridge loans legit?
What credit score do you need for QuickBridge?
Does QuickBridge do a hard credit pull?