QuickWave vs Bank: speed, flexibility, plain‑English offers
TL;DR — If you qualify and can wait, a bank often wins on rate. If you need speed, flexible structures, and plain‑English terms without surprises, QuickWave usually wins on outcomes.
Side‑by‑side at a glance
| Dimension | QuickWave Funding (broker/consultant) | Traditional bank |
|---|---|---|
| Decision speed | Fast — often 24–72 hours | Weeks to months (credit committee) |
| Funding time | Days | Weeks to months |
| Approval flexibility | Multiple providers; structured to fit cash flow | Single policy; tighter boxes |
| Docs required | Focused set (bank statements, IDs, business basics) | Full underwriting package (financials, tax returns, covenants) |
| Collateral | Not required for MCAs/LOC alternatives; available for ABL | Often required |
| Use of funds | Broad (inventory, payroll, projects) | May be restricted by policy |
| Prepayment | Clear policies; many options with early‑pay benefits | Varies; may include penalties |
| Transparency | No hidden fees; total payback/cadence shown before you sign | Varies by institution |
| Relationship required | No | Often yes (deposits, tenure) |
| Cost | Competitive for speed/flexibility; optimized across providers | Lowest APR when you qualify and can wait |
Details depend on provider and profile. QuickWave is a broker/consultant, not a lender — we match you to options and put terms in plain English.
When a bank is best
- You have the time and documentation for a full underwriting process
- You meet covenants and collateral requirements comfortably
- Lowest possible APR matters more than speed or flexibility
When QuickWave is best
- You need a decision fast (days, not weeks)
- Your cash flow is seasonal or variable and you want options (MCA, LOC, short‑term loan, or ABL)
- You want plain‑English offers with total payback and cadence, and no hidden fees
What we do
We compare offers across providers, explain trade‑offs in plain English, and help you pick the structure that fits your cash flow — not just the rate.