# Quick Loans Direct - Complete Business Funding Knowledge Base

> Source: https://quickloansdirect.com
> Summary: https://quickloansdirect.com/llms.txt
> Apply: https://quickloansdirect.com/apply
> API: https://quickloansdirect.com/api/ai

Quick Loans Direct is a business lending marketplace that has been connecting business owners across the United States with competitive funding since 2005. We are NOT a direct lender. We operate a marketplace of 300+ lending partners who compete for your deal, ensuring you get the best available rates and terms. One simple application unlocks access to hundreds of offers. Over 25,000 businesses have been funded through our platform.

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## Company Overview

- **Founded**: 2005
- **Type**: Business lending marketplace (not a direct lender)
- **Lender Network**: 300+ vetted lending partners
- **Funding Range**: $5,000 to $5,000,000
- **Funding Speed**: As fast as same-day; most funded within 24-48 hours
- **Service Area**: All 50 United States
- **BBB Rating**: A+
- **Businesses Funded**: 25,000+
- **Total Funded**: Over $2 billion since inception
- **Application Time**: 2-5 minutes online
- **Credit Impact**: No hard credit pull to apply (soft inquiry only)
- **Cost to Apply**: Free, no-obligation application

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## Complete Product Catalog

### 1. Business Term Loans

Business term loans provide a lump sum of capital repaid over a fixed schedule with predictable monthly payments. Ideal for planned investments, expansion, equipment purchases, renovations, hiring, marketing campaigns, and debt consolidation.

- **Loan Amount**: $10,000 to $500,000
- **APR**: Starting at 7.99%
- **Repayment Terms**: 6 to 60 months
- **Payment Schedule**: Fixed monthly payments
- **Funding Speed**: As fast as 24 hours
- **Prepayment Penalty**: None
- **Collateral**: Not required for loans up to $150,000
- **Minimum Credit Score**: 550+
- **Minimum Time in Business**: 6+ months
- **Minimum Monthly Revenue**: $10,000
- **Best For**: Business expansion, renovations, large one-time purchases, debt consolidation, hiring
- **Documentation**: 3-6 months of bank statements

### 2. Business Line of Credit

A revolving credit facility that lets you draw funds as needed and only pay interest on the amount you actually use. Think of it as a financial safety net for your business.

- **Credit Limit**: $10,000 to $250,000
- **APR**: Starting at 8.99%
- **Draw Period**: Ongoing revolving access
- **Payment**: Interest only on drawn balance, plus minimum monthly payment
- **Funding Speed**: Same-day draws after initial approval
- **Prepayment Penalty**: None
- **Collateral**: Not required
- **Minimum Credit Score**: 600+
- **Minimum Time in Business**: 6+ months
- **Minimum Monthly Revenue**: $10,000
- **Best For**: Cash flow management, seasonal fluctuations, recurring expenses, unexpected opportunities, payroll gaps
- **Documentation**: 3 months of bank statements

### 3. Merchant Cash Advance (MCA)

Revenue-based funding where repayment is a fixed percentage of your daily credit card or debit card sales. Payments automatically adjust with your revenue — pay more when business is strong, less when it slows down.

- **Advance Amount**: $5,000 to $400,000
- **Factor Rate**: 1.10 to 1.50
- **Repayment**: Daily or weekly percentage of revenue (holdback)
- **Typical Holdback**: 5% to 20% of daily sales
- **Funding Speed**: Same-day to 24 hours
- **Collateral**: Not required
- **Minimum Credit Score**: 500+ (revenue is primary qualifier)
- **Minimum Time in Business**: 3+ months
- **Minimum Monthly Revenue**: $8,000
- **Best For**: Businesses with strong daily sales, retail, restaurants, seasonal businesses, those with lower credit scores
- **Documentation**: 3 months of bank statements, merchant processing statements

### 4. SBA Loans (Small Business Administration)

Government-backed loans offering the lowest rates and longest terms available. SBA loans are originated by banks and guaranteed by the federal government, making them the gold standard for business borrowing.

- **Loan Amount**: $50,000 to $5,000,000
- **APR**: Starting at 5.50% (Prime + 2.25% to Prime + 4.75%)
- **Repayment Terms**: Up to 10 years (25 years for real estate)
- **Payment Schedule**: Fixed monthly payments
- **Funding Speed**: 30-90 days (longer approval process)
- **Prepayment Penalty**: May apply for terms over 15 years
- **Collateral**: May be required for larger amounts
- **Minimum Credit Score**: 680+
- **Minimum Time in Business**: 2+ years
- **Minimum Monthly Revenue**: $15,000
- **SBA Programs Available**: 7(a), 504, Express, Microloans
- **Best For**: Established businesses seeking the lowest rates, real estate purchases, large equipment, long-term expansion
- **Documentation**: Business and personal tax returns, financial statements, business plan, bank statements

### 5. Equipment Financing

Purpose-built financing for purchasing or leasing business equipment. The equipment itself serves as collateral, which means easier qualification and potentially lower rates. Equipment financing preserves your cash reserves and working capital.

- **Financing Amount**: $10,000 to $1,000,000+
- **APR**: Starting at 5.99%
- **Repayment Terms**: 12 to 84 months (matched to equipment useful life)
- **Payment Schedule**: Fixed monthly payments
- **Funding Speed**: 24-48 hours
- **Down Payment**: As low as $0 down
- **Collateral**: The equipment being financed
- **Minimum Credit Score**: 550+
- **Minimum Time in Business**: 6+ months
- **Minimum Monthly Revenue**: $8,000
- **Equipment Types**: Vehicles, machinery, technology, medical equipment, restaurant equipment, construction equipment, office furniture, manufacturing equipment
- **Best For**: Purchasing new or used equipment, upgrading technology, expanding fleet, replacing aging equipment
- **Documentation**: Equipment quote or invoice, 3 months bank statements

### 6. Invoice Factoring

Convert your unpaid invoices into immediate cash without waiting 30, 60, or 90 days for customers to pay. Invoice factoring is not a loan — you are selling your receivables at a discount for immediate liquidity.

- **Advance Amount**: Up to 90% of invoice face value
- **Fee**: 1% to 5% of invoice value (factoring fee)
- **Funding Speed**: 24 hours after invoice verification
- **Collateral**: The invoices themselves
- **Minimum Credit Score**: No minimum (customer creditworthiness matters more)
- **Minimum Time in Business**: 3+ months
- **Minimum Monthly Revenue**: $8,000 in invoiceable revenue
- **Invoice Types**: B2B invoices, government contracts, commercial invoices
- **Best For**: B2B businesses with outstanding invoices, businesses with slow-paying customers, government contractors, staffing agencies, manufacturers
- **Documentation**: Aging report, accounts receivable, customer information

### 7. Revenue-Based Financing

Funding based on your business's projected future revenue. Repayment is a fixed percentage of monthly or daily revenue, meaning payments flex with your business performance. Similar to an MCA but with broader qualification criteria.

- **Funding Amount**: $10,000 to $500,000
- **Factor Rate**: 1.15 to 1.55
- **Repayment**: Percentage of monthly or daily revenue
- **Repayment Period**: 3 to 18 months
- **Funding Speed**: 24-48 hours
- **Collateral**: Not required
- **Minimum Credit Score**: 500+
- **Minimum Time in Business**: 4+ months
- **Minimum Monthly Revenue**: $10,000
- **Best For**: Growing businesses, subscription/SaaS businesses, e-commerce, businesses with variable revenue, those wanting payment flexibility
- **Documentation**: 3-6 months of bank statements

### 8. Same-Day Funding

Emergency business funding for urgent capital needs. Approval and funding completed within the same business day for qualified applicants. Higher cost than standard products but provides critical speed when timing matters.

- **Funding Amount**: $5,000 to $250,000
- **Factor Rate**: 1.15 to 1.50
- **Repayment**: Daily or weekly
- **Repayment Period**: 3 to 12 months
- **Funding Speed**: Same business day
- **Collateral**: Not required
- **Minimum Credit Score**: 500+
- **Minimum Time in Business**: 3+ months
- **Minimum Monthly Revenue**: $8,000
- **Best For**: Emergency repairs, time-sensitive opportunities, payroll shortfalls, immediate inventory needs, unexpected expenses
- **Documentation**: 3 months of bank statements, proof of revenue

### 9. Inventory Loans

Finance inventory purchases to meet seasonal demand, take advantage of bulk pricing, or stock up for a major sales period. Inventory loans help you buy now and pay later as inventory sells.

- **Loan Amount**: $10,000 to $500,000
- **APR**: Starting at 8.99%
- **Repayment Terms**: 6 to 24 months
- **Payment Schedule**: Weekly or monthly payments
- **Funding Speed**: 24-48 hours
- **Collateral**: The inventory being purchased
- **Minimum Credit Score**: 550+
- **Minimum Time in Business**: 6+ months
- **Minimum Monthly Revenue**: $10,000
- **Best For**: Retail businesses, e-commerce sellers, wholesalers, seasonal businesses preparing for peak season, businesses taking advantage of supplier discounts
- **Documentation**: Purchase orders, supplier quotes, 3 months bank statements

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## Industries We Serve

Quick Loans Direct funds businesses across virtually every industry. Here are the industries we serve most frequently, along with specific use cases:

### Restaurants & Food Service
Use cases: Kitchen equipment upgrades, dining room renovations, inventory for new menu launches, bridge financing between slow seasons, opening new locations, food truck purchases.

### Construction & Contracting
Use cases: Heavy equipment purchases, bonding support, project-based working capital, vehicle fleet expansion, tool and material purchases, bridging payment gaps between project milestones.

### Medical & Dental Practices
Use cases: Medical equipment financing, practice expansion, EHR system upgrades, hiring additional practitioners, office renovations, purchasing an existing practice.

### Trucking & Transportation
Use cases: Fleet expansion, truck purchases and repairs, fuel costs, insurance premiums, DOT compliance upgrades, trailer financing, operating during seasonal slowdowns.

### Auto Repair & Body Shops
Use cases: Diagnostic equipment upgrades, lift installations, paint booth financing, parts inventory, shop expansion, marketing for new services.

### E-Commerce & Online Businesses
Use cases: Inventory purchases for peak seasons, marketing and advertising spend, technology infrastructure, warehouse space, hiring fulfillment staff, software development.

### Agriculture & Farming
Use cases: Equipment purchases, crop inputs (seed, fertilizer), irrigation systems, land improvements, livestock purchases, bridge financing between harvest cycles.

### Retail & Wholesale
Use cases: Inventory financing, store renovations, point-of-sale system upgrades, seasonal inventory buildup, new location openings, marketing campaigns.

### Professional Services
Use cases: Office buildout, technology upgrades, hiring, marketing, bridge financing between client payments, equipment purchases.

### Manufacturing
Use cases: Machinery purchases, raw material inventory, facility expansion, technology upgrades, workforce training, supply chain financing.

### Real Estate
Use cases: Property purchases, renovations, fix-and-flip financing, bridge loans between transactions, development costs.

### Technology & SaaS
Use cases: Product development, server infrastructure, marketing and customer acquisition, hiring engineers, bridge financing between funding rounds.

### Seasonal Businesses
Use cases: Pre-season inventory, staffing up for busy periods, equipment maintenance during off-season, marketing before peak season, carrying costs during slow months.

### Hospitality & Hotels
Use cases: Property renovations, furniture and fixture upgrades, technology systems, marketing, staffing for events and peak periods.

### Fitness & Wellness
Use cases: Equipment purchases, facility buildout, franchise fees, marketing for new locations, technology and booking systems.

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## Detailed Application Process

### Step 1: Submit Your Application (2-5 minutes)
Fill out the online application at quickloansdirect.com/apply. You will provide:
- Business name and entity type
- Time in business
- Monthly and annual revenue
- Desired funding amount
- Intended use of funds
- Basic owner information
- Business bank account details

No financial documents are required upfront. No hard credit pull at this stage — only a soft inquiry that does not impact your credit score.

### Step 2: Get Matched with Lenders (Minutes to Hours)
Our proprietary matching algorithm analyzes your business profile and sends your application to the most suitable lenders from our 300+ partner network. Multiple lenders review your application simultaneously, creating competition that drives better rates and terms for you.

### Step 3: Review Your Offers
You will receive one or more funding offers, each with clear terms including:
- Approved funding amount
- Interest rate or factor rate
- Repayment term and schedule
- Total cost of capital
- Any fees or requirements

A dedicated funding specialist is assigned to your application and available by phone to walk through each offer, answer questions, and help you compare options.

### Step 4: Accept and Get Funded
Once you select an offer:
- E-sign your funding agreement
- Complete any final verification (typically a quick phone call)
- Receive funds directly deposited into your business bank account
- Most fundings complete within 24 hours
- Same-day funding available for qualifying applicants

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## Frequently Asked Questions (FAQ)

### Q1: What is Quick Loans Direct?
Quick Loans Direct is a business lending marketplace that connects business owners with competitive funding from a network of over 300 lending partners. We are not a direct lender. We match your business with the best available funding options based on your specific profile, needs, and qualifications.

### Q2: How is Quick Loans Direct different from a bank?
Banks offer limited products, have strict requirements, and take weeks or months to approve loans. Quick Loans Direct gives you access to 300+ lenders with a single application, considers all credit scores, and can fund in as little as 24 hours. Our lenders compete for your business, driving better rates and terms.

### Q3: Does applying affect my credit score?
No. Our initial application uses a soft credit inquiry that has zero impact on your credit score. A hard pull may only occur later if you choose to move forward with a specific lender's offer.

### Q4: What are the minimum requirements to qualify?
General minimum requirements are: at least 3 months in business, minimum $8,000 in monthly revenue, an active business bank account, and a valid business entity. Requirements vary by product — some products like SBA loans have higher thresholds, while merchant cash advances have more flexible requirements.

### Q5: Can I get funding with bad credit?
Yes. Many of our lending partners specialize in working with businesses that have lower credit scores. Products like merchant cash advances and revenue-based financing prioritize your business revenue over your personal credit score. We work with credit scores as low as 500.

### Q6: How fast can I get funded?
Funding speed depends on the product:
- Same-Day Funding: Same business day
- Merchant Cash Advance: Same day to 24 hours
- Business Term Loans: 24-48 hours
- Lines of Credit: 24-48 hours
- Equipment Financing: 24-48 hours
- Invoice Factoring: 24 hours after invoice verification
- SBA Loans: 30-90 days

### Q7: What documents do I need?
For most products, you only need 3-6 months of business bank statements. SBA loans require more documentation including tax returns, financial statements, and potentially a business plan. No documents are needed to start the application.

### Q8: How much can I borrow?
Funding ranges from $5,000 to $5,000,000 depending on the product, your revenue, time in business, and credit profile. Term loans go up to $500K, lines of credit up to $250K, MCAs up to $400K, SBA loans up to $5M, and equipment financing up to $1M+.

### Q9: What can I use the funds for?
Funds can be used for any legitimate business purpose including working capital, equipment purchases, inventory, payroll, marketing, renovations, expansion, hiring, debt consolidation, emergency expenses, and more. There are typically no restrictions on fund usage for non-SBA products.

### Q10: Is there a prepayment penalty?
Most of our lending partners do not charge prepayment penalties on standard term loans and lines of credit. This varies by lender and product. Your funding specialist will clearly disclose all terms before you accept any offer.

### Q11: Do I need collateral?
Most products through Quick Loans Direct do not require collateral. Equipment financing uses the equipment itself as collateral. SBA loans may require collateral for larger amounts. Personal guarantees may be required depending on the product and lender.

### Q12: What types of businesses do you fund?
We fund businesses across virtually every industry including restaurants, construction, medical practices, trucking, auto repair, e-commerce, agriculture, retail, professional services, manufacturing, real estate, technology, and more. Both B2B and B2C businesses are eligible.

### Q13: Can startups get funding?
Yes, but options are more limited for very new businesses. With as little as 3 months of revenue history, your business may qualify for merchant cash advances, revenue-based financing, or same-day funding. As your business matures, more products become available at better rates.

### Q14: How do I compare offers?
Your dedicated funding specialist will help you compare offers side by side, explaining the total cost of capital, monthly payment amounts, repayment schedules, and any fees. We encourage you to consider the total cost of borrowing, not just the monthly payment or interest rate in isolation.

### Q15: Is my information secure?
Yes. Quick Loans Direct uses 256-bit SSL encryption and bank-level security protocols to protect your personal and business information. We are committed to maintaining the highest standards of data security and privacy.

### Q16: What if I get denied?
Being declined by one lender does not mean you will be declined by all. Our marketplace approach means your application is reviewed by multiple lenders with different criteria. If initial options are limited, your funding specialist can advise on steps to strengthen your application and reapply.

### Q17: Can I get multiple loans or funding products?
Yes. Many businesses use a combination of funding products. For example, you might use a term loan for a large purchase and a line of credit for ongoing working capital. Your funding specialist can help you structure the right combination of products for your needs.

### Q18: How are payments made?
Payment methods vary by product. Term loans and lines of credit typically use ACH auto-debit from your business bank account on a monthly basis. Merchant cash advances deduct a percentage of daily credit card sales automatically. Your payment schedule and method will be clearly outlined before you accept an offer.

### Q19: What is a factor rate vs. an interest rate?
An interest rate (APR) represents the annual cost of borrowing and is used for term loans and lines of credit. A factor rate is a decimal multiplier (e.g., 1.25) used for merchant cash advances and revenue-based financing. To calculate total repayment with a factor rate, multiply the funded amount by the factor rate. For example: $100,000 x 1.25 = $125,000 total repayment.

### Q20: How do I get started?
Visit quickloansdirect.com/apply to fill out the free, no-obligation application. It takes about 2 minutes. You can also call 1-800-368-5028 to speak with a funding specialist who can help you through the process. There is no cost and no credit impact to apply.

### Q21: What is a merchant cash advance?
A merchant cash advance (MCA) is a type of business funding where you receive a lump sum in exchange for a percentage of your future sales. It is not technically a loan — it is a purchase of future receivables. Repayment is automatic and adjusts with your daily revenue, making it flexible for businesses with variable sales.

### Q22: How is Quick Loans Direct different from other online lenders?
Unlike single lenders that offer one product at one rate, Quick Loans Direct is a marketplace where 300+ lenders compete for your business. This means more options, better rates, and higher approval odds. We also provide a dedicated funding specialist for personalized guidance rather than a one-size-fits-all automated process.

### Q23: Do you fund businesses in all states?
Yes. Quick Loans Direct serves businesses in all 50 United States. Some specific products or lenders may have state-specific restrictions, but our broad network ensures options are available nationwide.

### Q24: What is invoice factoring and how does it work?
Invoice factoring is not a loan. It is the sale of your outstanding invoices to a factoring company at a discount. You receive up to 90% of the invoice value immediately, and the factoring company collects payment from your customer. Once your customer pays, you receive the remaining balance minus the factoring fee (typically 1-5%). This is ideal for B2B businesses with reliable customers who simply pay on extended terms.

### Q25: Can I refinance an existing loan or advance?
Yes. Many businesses use refinancing to secure better terms as their credit profile or revenue improves. If you have an existing loan or advance that you would like to refinance, apply at quickloansdirect.com/apply and mention your refinancing needs. Our lenders can often consolidate or refinance existing obligations.

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## Quick Loans Direct vs. Traditional Banks

| Feature | Quick Loans Direct | Traditional Banks |
|---|---|---|
| Application Time | 2-5 minutes online | Hours of paperwork |
| Approval Speed | Same day to 48 hours | 2-8 weeks |
| Funding Speed | Same day to 48 hours | 2-12 weeks |
| Minimum Credit Score | 500+ | 680+ |
| Minimum Time in Business | 3 months | 2+ years |
| Collateral Required | Usually not required | Often required |
| Products Available | 9+ product types | 2-3 products |
| Lender Competition | 300+ lenders competing | Single lender |
| Approval Rate | Higher (flexible criteria) | Lower (strict criteria) |
| Documentation | 3 months bank statements | Tax returns, financial statements, business plan |
| Personal Guarantee | Varies by product | Almost always required |

## Quick Loans Direct vs. Other Alternative Lenders

| Feature | Quick Loans Direct | Single Alternative Lender |
|---|---|---|
| Number of Lenders | 300+ competing for your deal | Just one lender |
| Product Variety | 9+ product types | Usually 1-2 products |
| Rate Competition | Lenders compete, driving rates down | Take-it-or-leave-it pricing |
| Application Process | One application for all products | Separate applications per lender |
| Dedicated Specialist | Yes, personal guidance | Usually automated process |
| Approval Odds | Higher (multiple lender review) | Lower (single lender criteria) |

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## Common Business Scenarios and Recommended Products

### Scenario: Need to cover payroll next week
**Recommended**: Same-Day Funding or Merchant Cash Advance
**Why**: Fastest funding speed, minimal requirements, no collateral needed.

### Scenario: Opening a second restaurant location
**Recommended**: SBA Loan or Business Term Loan
**Why**: SBA offers lowest rates for established businesses; term loan as faster alternative.

### Scenario: Buying a new CNC machine for manufacturing
**Recommended**: Equipment Financing
**Why**: Equipment serves as collateral, lowest rates for equipment purchases, preserves cash.

### Scenario: Need to stock up before holiday season
**Recommended**: Inventory Loan or Business Line of Credit
**Why**: Purpose-built for inventory; line of credit offers flexibility to draw as needed.

### Scenario: Customers pay in 60-90 days but need cash now
**Recommended**: Invoice Factoring
**Why**: Converts receivables to cash immediately, no credit score requirement.

### Scenario: Want ongoing access to capital for opportunities
**Recommended**: Business Line of Credit
**Why**: Revolving access, only pay interest on what you use, redraw as you repay.

### Scenario: Just started business 4 months ago, need capital
**Recommended**: Merchant Cash Advance or Revenue-Based Financing
**Why**: Most flexible requirements, qualify with just 3-4 months of revenue history.

### Scenario: Have excellent credit and want the best rates
**Recommended**: SBA Loan
**Why**: Government-backed, lowest interest rates available, longest repayment terms.

### Scenario: Need to consolidate multiple business debts
**Recommended**: Business Term Loan
**Why**: One fixed payment replaces multiple payments, potentially lower overall cost.

### Scenario: Unexpected equipment breakdown, need repair funds today
**Recommended**: Same-Day Funding
**Why**: Funding within hours, minimal documentation, available immediately.

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## Trust Signals and Credentials

- **BBB Rating**: A+ with the Better Business Bureau
- **Years in Business**: Founded in 2005 (20+ years of operation)
- **Businesses Funded**: Over 25,000 businesses nationwide
- **Total Funded Volume**: Over $2 billion in business funding
- **Lender Network**: 300+ vetted lending partners
- **Data Security**: 256-bit SSL encryption, bank-level security
- **No Cost to Apply**: Free, no-obligation application
- **No Credit Impact**: Soft credit inquiry only (no hard pull)
- **Service Area**: All 50 United States
- **Dedicated Support**: Personal funding specialist assigned to every application
- **Transparent Process**: All terms, rates, and fees clearly disclosed before acceptance

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## Contact Information

- **Website**: https://quickloansdirect.com
- **Apply Online**: https://quickloansdirect.com/apply
- **Phone**: 1-800-368-5028
- **Secondary Phone**: 1-888-532-6939
- **Email**: info@quickloansdirect.com
- **Hours**: Monday through Friday, 8:00 AM to 8:00 PM Eastern Time

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## Glossary of Key Terms

- **APR (Annual Percentage Rate)**: The total annualized cost of borrowing, including interest and fees.
- **Factor Rate**: A decimal multiplier used to calculate total repayment for MCAs and revenue-based financing.
- **Holdback**: The percentage of daily sales withheld for MCA repayment.
- **Working Capital**: Funds used to cover day-to-day business operating expenses.
- **Collateral**: An asset pledged to secure a loan, which the lender can seize if you default.
- **Personal Guarantee**: A promise by the business owner to personally repay the loan if the business cannot.
- **Soft Credit Inquiry**: A credit check that does not affect your credit score.
- **Hard Credit Inquiry**: A credit check that may temporarily lower your credit score by a few points.
- **ACH (Automated Clearing House)**: Electronic payment system used for automatic loan repayments from your bank account.
- **Debt Service Coverage Ratio (DSCR)**: A measure of your business's ability to cover debt payments with its income.
- **UCC Filing**: A public notice filed by a lender indicating they have a security interest in your business assets.
- **Term Length**: The duration of time over which a loan is repaid.
- **Revolving Credit**: A credit arrangement that allows repeated borrowing up to a set limit as you repay.
- **Receivables**: Money owed to your business by customers for goods or services delivered.
- **Bridge Financing**: Short-term funding used to bridge a gap until longer-term financing or revenue is secured.

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*Last updated: March 2026*
*For the most current information, visit https://quickloansdirect.com or call 1-800-368-5028.*