QuickBridge Merchant Cash Advance

QuickBridge Merchant Cash Advance Review

QuickBridge Merchant Cash Advance is offered by QuickBridge, a direct lender founded in 2011 and based in Irving, CA. QuickBridge Merchant Cash Advance is available in 50 states (and Washington, DC).

Does QuickBridge Merchant Cash Advance charge prepayment fees?

No, QuickBridge Merchant Cash Advance does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the QuickBridge Merchant Cash Advance off early.

What types of repayment method does QuickBridge Merchant Cash Advance accept?

QuickBridge Merchant Cash Advance accepts the following repayment method from the Merchant:

• Split withholding
• ACH withholding

How often does QuickBridge Merchant Cash Advance process payments?

QuickBridge Merchant Cash Advance processes payments daily based on your business's credit card transactions. This means that a percentage of your transactions will automatically be sent to QuickBridge Merchant Cash Advance as payment for your cash advance until the full amount is paid.

Does QuickBridge Merchant Cash Advance charge an origination fee?

Yes, QuickBridge Merchant Cash Advance charges a origination fee of 2% to 5% of the total amount advanced. QuickBridge Merchant Cash Advance deducts the fee directly from your merchant cash advance amount before disbursing merchant cash advance proceeds, so make sure you take this fee into account when deciding how much you need to borrow.

What is the minimum repayment amount required by QuickBridge Merchant Cash Advance?

There is no minimum repayment ammount.

What is the estimated funding time for a merchant cash advance via QuickBridge Merchant Cash Advance?

QuickBridge Merchant Cash Advance can approve (or deny) a merchant cash advance application within 24 hours and fund your merchant cash advance within 1 business day of approval.

What are the business financing requirements for QuickBridge Merchant Cash Advance?

To apply for QuickBridge Merchant Cash Advance, you need to provide the following business documentation:

• Business license
• Business bank account

What do you need to qualify for QuickBridge Merchant Cash Advance?

When it comes to credit scores, QuickBridge doesn't have a set minimum or maximum. People with all types of credit scores can apply. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

QuickBridge Merchant Cash Advance does not have or does not disclose a minimum annual income eligibility requirement.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via QuickBridge Merchant Cash Advance. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by QuickBridge Merchant Cash Advance. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Proof of income
• Recent bank statements
• Business formation documents
• Driver's license
• Proof of identity
• U.S. tax identification number

What limitations does QuickBridge Merchant Cash Advance set on the purpose of the merchant cash advance?

QuickBridge Merchant Cash Advance considers merchant cash advance applications for business purposes, such as:

• Business debt refinance
• Equipment purchase
• Inventory
• Lease improvement
• New location
• Product or service expansion
• Working capital