SMALL BUSINESS LOANS REVIEWS
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QuickBridge Small Business Loans: 2024 Review

Written by
Allison Martin
Edited by
Robert Thorpe

Updated Nov 27, 2024

At a glance

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4.2
Bankrate Score
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Accessibility
Affordability
Customer experience
Transparency
Flexibility
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Overview

QuickBridge offers business owners with fair credit or above several small business loans with flexible terms and the chance at an early payoff discount. You can apply in minutes and receive personalized support to choose the funding solution that best fits your company’s needs.

Lender Details

  • Money Bag Icon

    Loan amount

    Up to $500,000

  • Rates Icon

    Interest rate

    1.10 Factor rate

  • Clock Wait Icon

    Term lengths

    Up to 24 months

  • Dollar Icon

    Min. annual revenue

    $250,000

  • Briefcase Icon

    Min. time in business

    6 months

Who QuickBridge is best for

Startup businesses in need of short-term financing may get the best value. But you’ll need at least six months’ time in business and an annual revenue of $250,000 to get a Quickbridge business loan. Business owners with a personal credit score of at least 660 and above may want to take a look at QuickBridge to see if its rates are more affordable than other lenders. QuickBridge also has dedicated Funding Advisors available, which can be useful for business owners who may need additional support when searching for funding.

Who QuickBridge may not be best for

QuickBridge does not provide some information on its website about its business loans. So it may not be the best fit for business owners who like to quickly shop around and compare loans. You’ll also want to look elsewhere if you don’t generate a sizable annual revenue or are seeking a business line of credit.

QuickBridge: in the details

Loan amount
Up to $500,000
Interest rate
1.10 Factor rate
Term lengths
Up to 24 months
Fastest funding
1 business day
Min. annual revenue
$250,000
Min. time in business
6 months
Personal credit score
660

QuickBridge pros and cons

Pros

  • Checkmark Icon

    Streamlined application process

  • Checkmark Icon

    Fast funding times

  • Checkmark Icon

    Early payoff discount

Cons

  • Interest rates and fees not stated online

  • Steep annual revenue requirement

Business loan types offered

Loan quick facts

  • Amounts: $10,000 to $500,000
  • Terms: Up to 24 months
  • Factor rate: Starting at 1.10

QuickBridge working capital loan overview

To qualify for a working capital loan with QuickBridge, you’ll need fair-to-excellent credit, $250,000 or more in annual gross sales and six months in business.

Origination fees range from 1 percent to 3 percent. These aren’t the highest fees around, but if you have good or excellent credit, you may qualify for loans with lower or no origination fees.

Instead of an APR, QuickBridge uses factor rates to assess interest. Rates start at 1.10, which is similar to an annualized interest rate of 10 percent. 

It doesn’t take much change in factor rates for the cost of your loan to rise rapidly. While a $30,000 loan with a factor rate of 1.10 will cost $33,000 ($30,000 x 1.10) before additional fees, that same loan with a factor rate of 1.30 will cost $39,000 ($30,000 x 1.30) while a factor rate of 1.50 will cost $45,000 ($30,000 x 1.50)  — and that’s before any additional fees. 

Loan quick facts

  • Amounts: Up to $500,000
  • Terms: Not stated
  • Factor rate: Not stated

QuickBridge unsecured business loan overview

Unsecured business loans do not require collateral to get approved, making them a viable option for business owners who want to protect their company’s assets. QuickBridge promises a quick application process and the potential to have your loan funded within as little as 24 hours. 

QuickBridge doesn’t offer much information on its website, far less than many traditional banks and online lenders. To find more information, you’ll need to call or start an application.

Loan quick facts

  • Amounts: Up to $500,000
  • Terms: Up to 18 months
  • Factor rate: Not stated

QuickBridge offers additional financing options, such as bridge loans, receivables financing and short-term loans. To learn more about the financing options and what you qualify for, you’ll need to call or start an application.

Do you qualify? 

To be eligible for QuickBridge business loans, you'll generally need:

  • At least $250,000 in annual revenue
  • Personal credit score of at least 660
  • At least 6 months time in business
  • Business bank account

Quickbridge also has experience working with a variety of industries from farming to transportation to retail. However, your business won’t qualify if you work in these industries:

  • Gambling
  • Cannabis
  • Weapon sales
  • Adult entertainment

If you're unsure whether you'd qualify for a loan with QuickBridge, you can speak with directly with a representative from the company for more information. 

What we like and what we don’t like

QuickBridge business loans offer attractive features, but its annual revenue requirement will edge some businesses out of eligibility.  

What we like

  • Streamlined application process. You can apply online for a small business loan in minutes. 
  • Fast funding times. Some applicants received funding as soon as one day. 
  • Early payoff discount. This perk is available on select small business loans and may be a good fit for business owners who want to pay off loans early without having to deal with prepayment fees. 
  • Dedicated Funding Advisor. Quickbridge’s dedicated funding advisors will work with you on finalizing your application and getting your business loan approved. 

What we don’t like

  • Interest rates and fees not stated online. This may be frustrating for some business owners who want to quickly compare lenders and their loan products.  
  • Steep annual revenue requirement for working capital loans. Gross yearly sales of $250,000 or more are required to qualify for funding.

How QuickBridge compares to other lenders

If you’re in the market for a business loan, it’s key to compare your options to find the best deal. Keep these alternatives in mind.

4.2

Bankrate Score

  • Loan amount

    Up to $500,000

  • Interest rate

    1.10 Factor rate

  • Term lengths

    Up to 24 months

  • Min. time in business

    6 months

  • Min. business annual revenue

    $250,000

4.4

Bankrate Score

  • Loan amount

    $10,000-$10 million

  • Interest rate

    7.99% APR

  • Term lengths

    6 months-25 years

  • Min. time in business

    6 months

  • Min. business annual revenue

    $100,000

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on Bankrate

4.4

Bankrate Score

  • Loan amount

    $5,000-$500,000

  • Interest rate

    Starting at 1.1 Factor rate

  • Term lengths

    Up to 60 months

  • Min. time in business

    6 months

  • Min. business annual revenue

    $250,000

Read our review

on Bankrate

QuickBridge vs. SMB Compass

SMB Compass has a few advantages compared to QuickBridge business loans. For example, it offers a wider variety of loan types, such as SBA loans, equipment financing and lines of credit. That makes it an appealing choice if QuickBridge doesn’t have the type of loan you’re looking for.

SMB Compass also has slightly less strict lending requirements, offering certain types of loans to companies that have only $100,000 in annual revenue.

However, QuickBridge has the benefit of early repayment discounts, which may help borrowers save money.

QuickBridge vs. National Funding

National Funding is another lender that offers short-term loans with early repayment discounts. It has high requirements for applicants, matching QuickBridge’s requirement of $250,000 in annual revenue. National Funding generally offers the same types of business loans as QuickBridge. That said, National Funding offers equipment financing and leasing, while Quickbridge does not. 

National Funding and QuickBridge’s factor rates for working capital loans are the same: 1.10. But National Funding’s equipment loans have relatively low rates, starting at a 4.99 percent simple interest rate. Since the lenders are comparable, choosing between them may come down to which lender gives you the best offer based on your finances and eligibility and whether you are specifically looking for equipment financing.

How to apply for a loan with QuickBridge

QuickBridge offers a simple online application that takes just a few minutes to complete. Once you apply, a Funding Advisor will notify you of your credit decision and review financing options if you’re a good fit for a small business loan. If you decide to move forward, select a loan product and formally apply for a loan. Upon final approval, you could receive funds in just one business day.

QuickBridge frequently asked questions

How Bankrate rates QuickBridge

Overall Score 4.2
Accessibility 4.6 QuickBridge has a low minimum time in business and options for borrowers with fair credit.
Affordability 4.1 The lender’s starting factor rate is an affordable option for those who qualify.
Transparency 3.6 More information could help potential borrowers compare lenders quickly.
Customer experience 4.1 A fast application process and quick funding are appealing options for customers.
Flexibility 4.6 QuickBridge tailors its loans for a variety of borrowers and also offers early payment discounts for some loans.

Methodology

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47
years in business
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30+
lenders reviewed
Loan Icon
22
loan features weighed
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770+
data points collected

To select the top small business lenders, Bankrate considers more than 20 factors. These factors include loan amounts, approval and funding times, credit requirements, APR or factor rate ranges, fees, and easy-to-find rate and fee disclosures. Bankrate reviewed more than 30 lenders and gave each a rating, which consists of five categories:

  • Accessibility: Factors considered in this category include minimum loan amounts, approval and funding speed, minimum annual revenue and minimum credit score.
  • Affordability: This section measures interest or factor rates and fees.
  • Transparency: How easy it is to find important rates, fees and eligibility requirements are considered in this category.
  • Customer experience: Customer service hours, online applications and app availability are considered in this category.
  • Flexibility: This category considers factors like the number of loan products and ability to change payment due date.

Editorial disclosure: All reviews are prepared by Bankrate.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the lender’s website for the most current information.

What small business owners think

CTA QuickBridge Small Business Loans has 17 reviews

QuickBridge Small Business Loans has 17 reviews

Dive into community reviews below and see what others think about QuickBridge Small Business Loans.

4.5 Star Icon
17 ratings
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Score breakdown
5 stars
47%
4 stars
53%
3 stars
0%
2 stars
0%
1 star
0%
Score by category
Customer experience 4.5 / 5
Accessibility rating 4.6 / 5
Affordability rating 4.5 / 5
Transparency rating 4.4 / 5
Flexibility rating 4.3 / 5

Community Reviews

See what users like you are saying about QuickBridge Small Business Loans.
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Overall
Were you able to contact the lender for customer support? What was the process like?
Yes I was able to contact customer support and it was a really pleasant experience. They were super friendly and patient, answered all of my questions thoroughly and didn't rush me or get short with me at any time, they were very helpful and assisted me the whole way. They were really great!
Score by category
Flexibility rating 4 / 5
Transparency rating 4 / 5
Accessibility rating 4 / 5
Affordability rating 4 / 5
Customer experience 5 / 5
Overall
Did you feel that the lender was knowledgeable about their product and loan terms? Why or why not?
I'd definitely have to say that it's overall just really because i felt like i could trust them with my business they're very professional.
Score by category
Flexibility rating 5 / 5
Transparency rating 5 / 5
Accessibility rating 5 / 5
Affordability rating 5 / 5
Customer experience 5 / 5
Overall
What was your biggest pain point during the application process?
the biggest pain point was the initial offering had to be negotiated because they weren't offering much
Score by category
Flexibility rating 4 / 5
Transparency rating 4 / 5
Accessibility rating 4 / 5
Affordability rating 4 / 5
Customer experience 5 / 5
Overall
Did you feel that the lender was knowledgeable about their product and loan terms? Why or why not?
Yes I feel like they know what they are doing for the most part
Score by category
Flexibility rating 3 / 5
Transparency rating 2 / 5
Accessibility rating 4 / 5
Affordability rating 2 / 5
Customer experience 3 / 5
Overall
Was the lender receptive to your business unique needs? If so how? If not, why not?
Yes. I needed finances quickly and they were able to deliver them in their promised time frame.
Score by category
Flexibility rating 5 / 5
Transparency rating 5 / 5
Accessibility rating 5 / 5
Affordability rating 5 / 5
Customer experience 5 / 5
Overall
Did you feel that the lender was knowledgeable about their product and loan terms? Why or why not?
Went above and beyond to make me comfortable
Score by category
Flexibility rating 4 / 5
Transparency rating 4 / 5
Accessibility rating 4 / 5
Affordability rating 4 / 5
Customer experience 4 / 5
Overall
Did you feel that the lender was knowledgeable about their product and loan terms? Why or why not?
Yes. I was able to receive my fund at the specified time.
Score by category
Flexibility rating 4 / 5
Transparency rating 4 / 5
Accessibility rating 4 / 5
Affordability rating 5 / 5
Customer experience 5 / 5
Overall
Did you feel that the lender was knowledgeable about their product and loan terms? Why or why not?
I gave my loan specialist all my info and he had my loan to me in less than 4 hours.
Score by category
Flexibility rating 5 / 5
Transparency rating 5 / 5
Accessibility rating 5 / 5
Affordability rating 5 / 5
Customer experience 5 / 5
Overall
What was your biggest pain point during the application process?
Navigating the extensive documentation requirements and verifying financial statements was the most time-consuming and laborious aspect, but the lender's streamlined online portal and guidance alleviated the complexity.
Score by category
Flexibility rating 5 / 5
Transparency rating 4 / 5
Accessibility rating 5 / 5
Affordability rating 5 / 5
Customer experience 4 / 5
Overall
Was the lender receptive to your business unique needs? If so how? If not, why not?
The lender was remarkably receptive to my business's unique needs, offering customized loan solutions and flexible repayment terms after carefully reviewing my business plan and financial projections.
Score by category
Flexibility rating 4 / 5
Transparency rating 5 / 5
Accessibility rating 5 / 5
Affordability rating 5 / 5
Customer experience 4 / 5

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