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Short-Term Loan by QuickBridge

Short-Term Loan by QuickBridge

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Working capital loan programs ranging 4-18 months with daily and weekly repayment options.

Nav's Verdict

Cost

LowHigh

Effort to Apply

EasyDifficult

Funding Speed

MonthsMinutes

Repayment Terms

MonthsYears

7/10

Bottom Line

Good option for construction businesses and/or for seasonal businesses. Use of funds ranging from cash flow, equipment purchase, supplement late-paying clients, payroll, and more, expansion, payroll, or inventory.

Pros

Funding speed in as little as 24 hours, subject to approval. Only requires a driver’s license, tax identification number, and bank statements; if a credit approval is established, funds are sent directly to the borrower's bank account in a matter of days. Terms and conditions apply.

Cons

Must be in business for a minimum of 6 months; Minimum $250,000 in annual gross revenue. Origination fees apply.

Qualification requirements

Time in Business

At least 6 months in business

Annual Revenue

At least $250,000 in annual revenue

Other requirements

Credit Score

You must have a 600+ credit score and no bankruptcies in the past six months

Qualification requirements

Minimum Daily Balance

Your business checking account must hold at least $1,500 in average daily balances

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Cost

1.11+ Factor Rate

Repayment Terms

Daily or weekly payments for 4-18 months

Funding Amount

$10,000- $500,000

Funding Speed

1 - 4 days

Origination Fee

1-5%

Reviews

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Reviews are not provided or commissioned by the credit card, financing and service companies that appear in this site. Reviews have not been reviewed, approved or otherwise endorsed by the credit card, financing and service companies and it is not their responsibility to ensure all posts and/or questions are answered.