Small Business Loans
QuickBridge offers unsecured small business loans of up to $500,000, which businesses can use for working capital management, emergency business loans, business expansion, and more. QuickBridge offers small business loans at a factor rate – not your standard APR. Factor rates start at 1.1 and can be simpler to understand than APR, as you simply multiply the factor rate by the borrowed amount. This differs from APR, as APR is always an annualized amount.
The company does not disclose its factor rates until you undergo a hard credit check. Therefore, it is hard to recommend the QuickBridge Small Business Loan. Yet, we know that rates start from 1.1. While this is a reasonable rate, it will likely only be available to businesses with excellent credit ratings.
Terms for small business loans are available for up to 24 months, so you should only consider this as a short to medium-term solution to your financing needs. Payments for Small Business Loans from QuickBridge are made daily or weekly.