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QuickBridge Funding Review: Pros, Cons, and How to Apply

Small business owners have plenty of financing options today thanks to alternative online lenders and advancements in fintech. While many of these are disrupting traditional business financing requirements, it’s still true that the better your credit score, time in business, and revenue, the better loan you can get.

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So, how do younger businesses or those still building or repairing credit get from where they are to where they need to be for the most advantageous loans? One option is to use bridge financing to fund your company in the short-term while building credit for future long-term financing.

This is the niche that QuickBridge seeks to fill. The company provides quick access to bridge financing so you can run your business today with an eye on tomorrow.

However, QuickBridge business loans might not be for every small business owner. This review will cover how the company’s loan packages work and the benefits and risks to help you determine if it’s the right fit for your business.

Specifically, we’ll answer these questions and more:

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    What is QuickBridge Funding?

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    QuickBridge is an alternative online financial institution that provides small business loans. The company launched in 2011 with the intent of helping small businesses that couldn’t qualify for traditional loans. National Funding acquired the lending platform in 2018.

    Small business owners can complete the online application in minutes, and funding is potentially available in as little as 24 hours. The lending platform provides a fast-funding option for short-term loans and bridge financing.

    Unsecured Term Loans

    You can apply for unsecured small business loans of up to $500,000. Term loan funds are used for large capital expenditures. Terms go up to 24 months. An unsecured loan does not require collateral, although you might need to sign a personal guarantee.

    Working Capital Loans

    Business owners can apply for a short-term small business loan of up to $500,000 to cover working capital needs such as covering payroll or rent. The terms are between 12 and 18 months and are repaid daily or weekly.

    Equipment Loans

    Borrowers use QuickBridge equipment loans to purchase needed business equipment or machinery. Loan amounts go up to $150,000 with terms between 2-6 years. You’ll use monthly payments to repay the loan.

    What are the costs of QuickBridge Loans?

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    The loan cost includes both interest and fees. QuickBridge small business loans carry an origination fee of 1%-3%.

    Working capital and term loans use a factor that starts at 1.1. To calculate interest on a factor rate, multiply the principal by the rate. So, if you borrowed $100,000 at a factor rate of 1.10, you would owe $110,000, which means the total interest cost is $10,000.

    Equipment loans use a traditional APR. The APR starts at 4.99% but can go higher depending on your business financials and credit score.

    How do you qualify for a QuickBridge Business Loan?

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    Like many alternative lenders, QuickBridge focuses more on business health than credit scores. But you still must meet the minimum requirements.

    Applicants must meet the following:

    • A minimum credit score of 600.
    • At least 6 months in business.
    • At least $250k in annual revenue.

    QuickBridge is available in all 50 states and Washington D.C. The lender services the following industries:

    • Contracting.
    • Farming.
    • Food services.
    • Retail and business services.
    • Transportation.

    How to apply for QuickBridge loans:

    The application process is quick and easy. Follow these steps for the QuickBridge business loan application.

    Step 1: Complete the Online Form

    The first step is to provide information about your business. You’ll provide your name, the business’s name, and contact information. You’ll also indicate the company’s revenue.

    Step 2: Provide Bank Statements

    Next, you’ll be asked to provide business bank account statements for the past several months.

    Step 3: Get a Decision

    QuickBridge performs a soft credit pull to determine if you’re approved. You will likely need to speak with a QuickBridge funding advisor at this point in the process.

    Step 4: Get Funded

    If approved, you can receive a wire transfer of your loan funds in as little as 24 hours. Funding for equipment finance can take up to 72 hours.

    QuickBridge, Post Funding:

    Repayment begins after you receive your funds. Term loans are repaid either daily or weekly, and equipment loans are repaid monthly. There is no early payment penalty, and in some cases, you might be able to get a prepayment discount.

    What are the advantages of QuickBridge?

    The main advantage of QuickBridge is that it provides quick access to bridge financing, as its name implies. Small business owners can complete an application in minutes and receive funding in as little as 24 hours.

    The lending platform also provides several forms of financing, giving business owners more flexibility in how they fund their businesses. Borrowers can also select daily or weekly repayments for term loans.

    QuickBridge costs are competitive with similar lenders. Borrowers can also save money by taking advantage of early payment discounts.

    What are the disadvantages of QuickBridge?

    While the costs for QuickBridge loans are competitive with similar online lenders, you’ll still pay more than you would with a traditional loan. There is also an origination fee that adds to your cost of borrowing.

    Equipment financing caps out at $150,000, which is lower than many equipment loan providers. Some lending platforms provide access to equipment loans for up to $5 million per piece of equipment.

    The annual revenue requirement of $250,000 makes it difficult for some small businesses to qualify. You must find a different lender if your company earns less than that.

    QuickBridge Loan Pros & Cons:


    • Quick and easy application.
    • Funding is available in as little as 24 hours.
    • Flexible loan payment options.
    • Early payment discounts are available.


    • The costs are higher than a traditional loan.
    • QuickBridge charges an origination fee on loans.
    • Equipment loans only go up to $150,000.
    • High annual revenue requirement.

    Apply for business funding through United Capital Source today.

    Frequently Asked Questions about QuickBridge Small Business Loans

    Is QuickBridge Funding legit?

    Yes, QuickBridge is a legitimate lender. The Better Business Bureau (BBB) accredits QuickBridge with an A+ rating. It also has a 4.8 rating on TrustPilot.

    The company provides a privacy policy, uses Norton security, and is a licensed lender in California.

    What do QuickBridge reviews typically focus on?

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    Positive QuickBridge funding reviews talk about how easy it is to work with the company. Multiple reviewers mentioned their funding advisors by name. Customers talk about their representatives’ knowledge and expertise.

    Most of the negative reviews discussed the cost of the loans. Some of the complaints on BBB discussed unsolicited loan offers sent to their business. We should note that QuickBridge actively responds to customer complaints and attempts to resolve them.

    Does QuickBridge Funding report to the credit bureaus?

    Yes, QuickBridge reports loan payments to Equifax, Experian, and Transunion. One of the ways to use the loans is as bridge financing until your business can qualify for larger loans at lower rates. On-time payments should help boost your personal credit score. In addition, QuickBridge also reports payments to Dun and Bradstreet, which should also increase your business credit score.

    What if QuickBridge denies my loan request?

    If you applied to QuickBridge and were denied, it could be because you don’t meet their requirements for time in business, annual revenue, or credit history. Also, recent bankruptcies or issues with cash flow could trigger a denial.

    The denial letter should explain why QuickBridge didn’t approve the request. If not, or you need more information, contact them to discuss.

    Fortunately, there are plenty of lenders able to service small business loans. You should be able to find lenders that provide working capital loans, term loans, equipment financing, and more. There are also options for bad credit business loans if you’re dealing with a poor credit score.

    Making Your Decision

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    QuickBridge business loans are best suited for small businesses operating for at least six months and needing fast access to short-term loans or equipment financing. Companies with a poor credit history, startups, or those that don’t have the cash flow to support short-term loan payments should seek funding elsewhere.

    Additionally, companies with two or more years in business, high credit scores, and can afford to wait for funding will find more affordable financing with another lender. That being said, one of the best ways to utilize the loans is as bridge financing.

    Based on loan availability, customer reviews, and funding time, we rate QuickBridge as 4 out of 5. See our other lender reviews for comparison.

    Apply for business funding through United Capital Source today.

    Why Choose United Capital Source?

    Why businesses choose UCS:

    Quick funding options that won’t affect credit
    Access to 75+ lenders with multiple products to choose from
    Financing up to $5 million in as few as 3 days
    1500+ 5 star reviews from happy clients!

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