Repayment of loan
There are two primary ways to repay a QuickBridge Funding loan: through monthly installments or with a lump sum payment.
If you choose to repay your loan with monthly installments, you'll make fixed payments each month for the loan term. The advantage of this repayment method is that it can help free up cash flow for your business.
If you can make a lump-sum payment, you can pay off your QuickBridge loan in full at any time without penalty. This is an excellent approach if you have a large sum of money coming into your business (such as from selling a business asset).
Early payoff
Borrowers can pay back their QuickBridge Funding loan early. QuickBridge encourages borrowers to pay off their loans early if they can do so. This is because it helps the borrower save on interest costs and get out of debt more quickly.
