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Quick Loans Direct Review

Quick Loans Direct is a newcomer to the small business loans market, having been founded in 2015. It was created by a group of financial industry veterans that felt the traditional business loan route via the banks was just too slow. It now specializes in getting funding as quickly as possible for its clients.

quick loans direct review
Min. Credit Score
Min. Credit Score No minimum required
Loan Amount
Loan Amount $5K-$1M
Loan Repayment
Loan Repayment Not disclosed
Tetiana Sitiugina
Independent writer and content strategist

Many or all of the products featured here are from our partners who compensate us. This may affect which companies we write about and where the company appears on a page. However, any analyses or reviews expressed in this article are those of the author alone and have not been approved or endorsed by any partner.

Quick Loans Direct might not be the biggest player in the market, but it has one of the fastest application and disbursement processes we’ve seen. The platform is able to consistently get cash to its customers within 24 hours and the online form only takes about five minutes to fill in. The company has a mission to support small business growth right across the US and to empower local economies.


Quick Loans Direct Alternatives


Lendzi offer seven different types of small business loans and cater specifically to small businesses that have either been turned down for financing elsewhere or businesses with high revenue.

The application takes just a few minutes to fill out and approved borrowers can get the funding they need in as little as 24 hours.


Biz2Credit offers an ideal solution for businesses looking for fast approval times, and high loan amounts. The lender offers small business term loans, working capital loans and commercial real estate loans. No matter what your financing needs are, this lender can help.

Summarized Ratings

Loan Features4.5
Interest Rates & Fees4
Qualification Leniency4.3
Application Process4
Customer Support4
User Reviews4.9
This parameter considers loan terms, repayment optionality, and loan limits. For each financing arrangement offered, each of these features was evaluated using the five-point scoring system. Then, the various scores were aggregated and averaged to establish an overall loan features score.

Quick Loans Direct gets a 4.5 for Loan Features, primarily due to its highly flexible loan limits. Minimal information regarding loan terms and repayment options is available.

Fast funding
Streamlined application process
No credit score requirements
Low starting rates
Good customer service options
Limited information available pre-application
Some fees may apply
A limited number of online reviews


What Is Quick Loans Direct?

The company was founded back in 2015 but has largely stayed under the radar since then. While the platform has achieved steady growth year on year, it’s not as well known as some of its big-name competitors. But instead of focusing on its own notoriety, the company remains focused on the speed and convenience of its services.

It offers three types of loans: a term loan, a line of credit, and a revenue advance. In each case, the lender promises to try and get funding to you within one business day, making it an ideal solution for those that need emergency cash. Quick Loans Direct small business loans come with very generous borrowing limits too, up to $1 million, which is higher than a lot of the competition.

Eligibility criteria are left deliberately open as the lender encourages applications from people of all financial backgrounds to apply. The only hard requirements it asks customers to comply with are that they make at least $10,000 per month gross revenue and have been in business for more than six months.

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Quick Loans Direct Loan Features

Quick Loans Direct is reluctant to give detailed information on its rates and terms before you apply. This is because each application is considered on its own merits and there could be significant variation between different customers. To get an idea of what you’ll actually be paying, you’ll need to submit an initial application.

Business Loans

This is the most popular loan choice on the platform as a fairly standard term loan offering.

Term lengthNot disclosed
Repayment periodNot disclosed
APR rangeStarting from 5.9%
Min - Max amountBetween $5,000 - $1 million

Business Lines of Credit

Lines of credit work a little bit like credit cards. You can instantly borrow any amount up to a designated maximum. The benefit here is that you only pay interest on the cash you actually withdraw. You’ll usually pay a small fee for every withdrawal and instead of interest, you’ll be assigned factor rates. These work by applying a multiplier to your loan to give you a lump sum payment. In comparison to other providers, the factor rates here are actually quite reasonable.

Term lengthNot disclosed
Repayment periodNot disclosed
APR rangeFactor rates between 1.11 - 1.14
Min - Max amountBetween $5,000 - $1 million

Revenue Advance

A revenue advance is another name for a merchant cash advance. This type of Quick Loans Direct funding isn’t really a loan at all, but a promise to pay a percentage of your future credit and debit card sales plus interest. This can be quite an expensive form of financing, and you’ll need to make sure you don’t fall into any cash flow issues with daily or weekly payments expected.

Term lengthNot disclosed
Repayment periodDaily or weekly
APR rangeNot applicable,
Min - Max amountBetween $5,000 - $1 million

Quick Loans Direct Interest Rates and Fees

The platform doesn’t disclose a lot of information on its interest rates before you apply; other than that, standard loans start from 5.9% and lines of credit will have a factor rate of 1.1 and up. The lender takes multiple criteria into account when determining your rate and credit scores aren’t so important here.

In terms of fees, there are no charges for prepayments, but no additional information is provided on other types of costs. We’d recommend getting in touch with customer service to find out more.

Business Loans

Origination feesNot disclosed
Prepayment feesZero
Late payment feesNot disclosed
Maintenance feesNot disclosed
Interest ratesStarting from 5.9%

Business Line of Credit

Origination feesNot disclosed
Prepayment feesZero
Late payment feesNot disclosed
Maintenance feesNot disclosed
Interest ratesFactor rates between 1.11 - 1.14

Revenue Advance

Origination feesNot disclosed
Prepayment feesZero
Late payment feesNot disclosed
Maintenance feesNot disclosed
Interest ratesNot disclosed

How to Qualify for a Quick Loans Direct Loan?

Eligibility requirements are quite lenient here and the platform tries to encourage users from all walks of life to apply. There are no minimum credit score requirements at all and those with poor credit histories are welcome to submit an application.

The lender, instead, focuses heavily on your business performance to assess the likelihood of you being able to repay the loan. As a minimum, you’ll need to be earning a gross income of $10,000 per month, which isn’t too onerous, and you’ll need to have been in operation for at least six months.

The eligibility requirements are identical across all types of Quick Loans Direct funding.

Minimum credit scoreNo minimum requirements
Minimum annual revenue$120,000
Minimum time in businessSix months

Quick Loans Direct Application Process?

When applying for a small business loan from Quick Loans Direct, you can expect a simple and quick process that will take no longer than five minutes. Quick Loans Direct doesn’t consider credit reports when reviewing applications, which means that your credit score will be unaffected. The only supporting documentation you would need to provide is the three months’ worth of business bank statements, which can be uploaded directly through the lender’s website.

1. Your Business

You can begin your application process directly through the lender’s website. The first thing you would be asked to do is to provide some basic information about your business, such as its name, address, business description, and the number of employees.

2. Your Information

Additional information that Quick Loans Direct asks for includes your percentage of ownership, business start date, desired loan amount, business tax ID, and more.

3. Final Details

The final step of the application involves uploading your business bank statements over the past three months. This is done to prove that your business makes at least $10,000 of monthly gross revenue.

4. Your Offer

Once all the information is submitted, you can sit back and wait for the funding specialist to contact you regarding the next steps. Typically, you can expect to receive the funds on the same or the following business day.

How Does Quick Loans Direct Determine the Loan Amount?

Your loan amount is almost entirely based on your business performance. The more profit you’re making, the more you’ll be able to borrow. The platform states that your credit score doesn’t come into play at all, making this an attractive choice for those that’ve been rejected by other lenders for having a poor credit history.

Quick Loans Direct will review your business bank statements, cash flow status, and history of profit and loss before determining a final lending figure.

Quick Loans Direct has now disbursed $100 million to more than 8,000 small businesses and has seen steady growth since its founding in 2015. There are reports that more than 90% of applications get accepted, making this a hidden gem among lenders.

Quick Loans Direct Customer Support

It’s pretty easy to get in touch with the customer service team at Quick Loans Direct. The easiest route is to call the help center directly, or you can send an email too. The platform promises to respond to messages on the same day where possible, and within 24 hours if you’ve messaged outside of operating hours.

Plus, you can take a look at the FAQ page that covers some of the basics before you start your application. You’ll even find PDF examples of the kind of documents you’ll need, so you’ll have a good idea of exactly what to attach to your application. This can help speed the process along.

Our only gripe is that the lender doesn’t list operating hours, or whether it can be contacted on the weekend.

Quick Loans Direct Loan Reviews

Quick Loans Direct is still quite a small lender in comparison to its online competition. As such, it doesn’t have as much of a presence across aggregate review sites. For example, on Trustpilot, you’ll only find two reviews, one scoring it five out of five and the other, one out of five. This isn’t really useful data.

You can find a much more representative set of customer reviews on where almost 350 customers have shared their opinions. Feedback is overwhelmingly positive, with an average rating of 4.9 out of 5. Users have praised the application process, how quickly they were able to receive funding, and how effective the customer service team is.

On the other side of the fence, several customers have noted they were rejected, but no satisfactory reason was given. It’s difficult to look into the legitimacy of this type of complaint as the lender won’t disclose its reasons for rejection publicly. In addition, others have noted that the $10,000 per month income requirement is a little steep. However, the platform makes this very clear from the outset.

Positive ReviewsNegative Reviews
Great customer serviceHigh-income requirements
Fast applicationsRejected applications
Same-day fundingSome instances of no responses to emails

Quick Loans Direct Perks and Bonuses


Quick Loans Direct encourages applications from a broad range of small businesses, leaving the loan eligibility criteria deliberately open. The rates and terms you qualify for will be based on your business income exclusively, which makes the lender a great option for businesses with subpar credit.


One of the major drawbacks of working with Quick Loans Direct is the fact that the lender doesn’t provide sufficient information about their products prior to the application. Specifically, it can be difficult to find what the interest rates, upper limits, and repayment periods are. Associated fees are also not disclosed prior to the application. Finally, being a smaller lender, Quick Loans Direct has only a limited number of online reviews, which can make it difficult to understand exactly what to expect.


The Quick Loans Direct online application is fully automated, with a quote available as soon as you fill out the required details. Other than that, the lender doesn’t specify whether there are mobile or automated repayment options available.

Final Thoughts

If you have bad credit, need fast funding for an emergency situation, or are simply looking for a convenient lender to partner with, then Quick Loans Direct may be the platform for you. For a provider that welcomes those with bad credit, we’re surprised to see such low starting rates on offer and it’s definitely worth submitting an application to see what rates and terms you could get.

That being said, it’d be nice to have a little more information on hand before you apply, as this makes it easier to plan ahead and set your budget.

About the Author

Tetiana Sitiugina-Babiuk

Independent writer and content strategist

Tetiana Sitiugina-Babiuk is an independent writer and SEO strategist helping a broad range of international clients to convey their stories for over five years.

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