Frequently Asked
Questions

Applying is simple and takes about two minutes. Click the "Apply Now" button on our website, answer a few basic questions about your business — such as industry, time in business, and monthly revenue — and submit your application. There is no hard credit pull at this stage, and you are under no obligation. Once submitted, our matching engine compares your profile against 300+ lenders to find the best options for you.

Through our lender network, we offer access to a wide range of business funding products including term loans, business lines of credit, SBA loans, revenue-based cash advances, equipment financing, invoice factoring, and commercial real estate loans. Each product is designed for different business needs, and our platform helps match you with the one that fits your situation best.

Funding amounts range from $5,000 to over $5 million depending on the product type, your business revenue, time in business, and creditworthiness. Term loans and lines of credit typically range from $10,000 to $500,000, while SBA loans can go up to $5 million. During the application process, you can specify the amount you need and we will match you with lenders who can accommodate your request.

Minimum qualifications vary by product, but in general you will need at least 3 months in business, $10,000 or more in monthly revenue, and a personal credit score of 500 or higher. Some products — like SBA loans — have stricter requirements, while others — like revenue-based cash advances — are more flexible. Even if you have been declined elsewhere, we encourage you to apply as our lender network includes options for a wide range of credit profiles.

A term loan provides a lump sum of capital that you repay over a fixed period with regular payments. It is ideal for one-time investments like purchasing equipment or expanding a location. A business line of credit, on the other hand, gives you access to a revolving pool of funds that you can draw from as needed — you only pay interest on the amount you actually use. Lines of credit are best for managing cash flow, covering seasonal expenses, or having funds available for unexpected opportunities.

A business cash advance (also called a merchant cash advance or revenue-based advance) provides upfront capital in exchange for a percentage of your future revenue. Instead of fixed monthly payments, repayment is made through small daily or weekly debits that adjust based on your sales volume. This makes it a flexible option for businesses with fluctuating revenue. Advances typically range from $5,000 to $400,000 and can be funded in as little as 24 hours.

SBA loans offer some of the most competitive rates available for small business funding. Interest rates typically range from Prime + 2.75% to Prime + 4.75%, with repayment terms of 10 to 25 years depending on the loan type and use of funds. SBA 7(a) loans can go up to $5 million, while SBA Microloans max out at $50,000. Because these loans are partially guaranteed by the U.S. government, they require more documentation and processing time (typically 2 to 4 weeks), but offer significantly lower rates and longer terms than conventional options.

Quick Loans Direct does not charge any upfront fees or application fees. Our service — matching you with the right lender — is completely free to you. Individual lenders in our network may charge origination fees, closing costs, or other standard lending fees, but these will be clearly disclosed in any offer you receive before you commit. We believe in full transparency, so you will always know the total cost of funding before signing anything.

No. Submitting an application through Quick Loans Direct does not trigger a hard credit inquiry. We perform a soft credit check to help match you with appropriate lenders, which has zero impact on your credit score. A hard credit pull may only occur later if you choose to move forward with a specific lender's offer and formally accept their terms. You are always in control of that decision.

Most applicants receive their first funding offers within a few hours of submitting their application. For standard products like term loans, lines of credit, and cash advances, approval decisions often come back the same business day. SBA loans and larger commercial deals may take longer — typically 1 to 4 weeks — due to additional underwriting and documentation requirements. We keep you informed throughout the entire process.

For the initial application, you typically do not need any documents — just basic information about your business. If you move forward with a lender offer, you may be asked to provide 3 to 6 months of business bank statements, government-issued ID, proof of business ownership, and in some cases a voided business check. SBA loans and larger funding requests may require tax returns, financial statements, and a business plan. Your dedicated funding specialist will guide you through exactly what is needed.

Funding speed depends on the product type. Revenue-based cash advances and short-term loans can be funded in as little as 24 hours after approval. Business lines of credit and term loans typically fund within 1 to 3 business days. SBA loans and commercial real estate financing generally take 2 to 6 weeks due to additional processing requirements. We work with our lender partners to expedite funding whenever possible.

Absolutely. We use 256-bit SSL encryption — the same level of security used by major banks — to protect all data transmitted through our website. Your personal and financial information is stored on secure, SOC 2 compliant servers with strict access controls. We never sell your personal information to third parties for marketing purposes. Your data is only shared with lenders in our vetted network for the sole purpose of evaluating your funding application.

No, Quick Loans Direct is not a direct lender. We are a financial technology platform and lending marketplace that connects business owners with our curated network of 300+ lending partners. Think of us as your business funding matchmaker. This model benefits you because instead of applying to one lender at a time, your single application is evaluated by multiple lenders competing to offer you the best terms. Our service is free to business owners — we are compensated by lenders when a successful match is made.

We serve virtually every industry. Our lender network includes specialists in restaurants and food service, construction and contracting, healthcare and dental, automotive, trucking and transportation, e-commerce, retail, salons and beauty, landscaping, HVAC and plumbing, franchises, real estate, manufacturing, professional services, and many more. If your business generates revenue and has been operating for at least 3 months, we likely have a lending partner who can help.