Fees & Charges
We at Quick Loans Direct understand that rapid access to financing your business is crucial. That’s why we’ve streamlined the process and created a fast, efficient method to help you acquire additional business capital.
We’ve already done the legwork for you by gathering an approved list of lenders so you don’t need to invest the time researching and sending out a series of applications. From the moment you contact us, we work to get you the best rates by having the lenders and capital providers compete for your business. There is no obligation for you to accept the financing offers we send to you. And there is never an application fee.
Only when you’ve decided to accept a funding offer and the deal is closed, do we receive a commission. After you’re funded, and the repayment process begins per the terms of the lending agreement, your bank account is automatically billed.
- There are no prepayment penalties and many lending terms include a discount incentive for early repayment of your funding.
- A perfect credit history is not required for financing qualification
- Funding is offered for a wide range of businesses and services
For revenue advances, the fees are calculated using a risk factor range between 1.1 and 1.4. The criteria used for determining these factors are:
- Length of time you’ve been in business
- Your gross monthly deposits
- The health of your bank statements
- Terms of the advance
Once you’ve been qualified for funding, we get the money to you fast and at the best rates possible. Quick Loans Direct is in the business of helping your business find the right financing at the right time.