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QuickBridge business loans: 2023 review

May 19, 2023
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At a glance

Overall Score 4.2
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.
Loan amount: Up to $500,000
Factor rate: Starting at 1.10
Term lengths: 4 to 24 months
Minimum credit score: 650

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. 
Business owners with a credit score of 650 and above may want to take a look at QuickBridge to see if its rates beat the rates offered with bad credit business loans.


Who this lender may not be best for

QuickBridge does not provide much information on its website. 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 pros and cons


  • Checkmark

    Streamlined application process

  • Checkmark

    Fast funding times

  • Checkmark

    Early payoff discount


  • Close X

    Interest rates and fees not stated online

  • Close X

    Steep annual revenue requirement

Business loan types offered

QuickBridge offers term loans that can be tailored to suit a variety of needs.

Unsecured business loans

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 a few days. 

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.

Working capital loans

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.
A spokesperson provided additional information for QuickBridge’s working capital loans: Loan amounts range from $10,000 to $500,000 with repayment terms of three to 24 months.
Origination fees range from one percent to three 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 that’s slightly higher than 20 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. 

Additional loans

QuickBridge also offers the following loans with similar loans with the potential for quick funding and loan amounts of up to $500,000:

  • Good credit business loans
  • Short-term business loans
  • Emergency business loans

Do you qualify? 

It depends on the type of small business loan you’re considering. QuickBridge doesn’t provide much information about its loan eligibility requirements online beyond the six-month business requirement. But the lender does disclose that applicants seeking a working capital loan must have fair-to-excellent credit and $250,000 in annual gross sales. You must also operate in an industry the lender serves to be eligible for funding. 

Business loans are available to contractors and companies in farming, food service, health and wellness, retail and business services and transportation. You may also qualify for funding if you operate a female or minority-owned business.

What we like and what we don’t like

QuickBridge offers several flexible small business loans with attractive features, but the lack of information on its website won’t appeal to everyone.  

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. 

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 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 Specialist 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 FAQs

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.


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 20 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 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.