Do business loan brokers charge fees?
Some do, some don't, and the difference matters a lot. Many brokers charge borrowers a success fee (often a percentage of the loan), and some charge upfront "packaging" or "application" fees, which is a red flag. Quordx Capital never charges borrowers anything: no application fees, no broker fees, no processing fees, ever. Lenders pay Quordx Capital a commission when a deal funds. Paying a broker out of pocket, especially before funding, is an avoidable cost that can also signal a bad actor. Knowing the fee models before you sign anything protects both your wallet and your deal.
Last updated · Reviewed by Cody Dreis
50+ Lenders|Funding in as little as 24 hours
How broker fee models work
There are three common models. First, borrower-paid fees: the broker charges you a percentage of the funded amount or a flat fee, sometimes thousands of dollars. Second, lender-paid commissions: the lender pays the broker when the loan closes, at no cost to you. Third, the one to run from, upfront fees charged before any funding happens. Legitimate brokers don't need your money to start working.
Quordx Capital uses the lender-paid model exclusively. We're paid a commission by the lender only when your deal funds. Because we work with 50+ lenders across every major category and our AI matches you to the 3-7 best fits, we don't need to push you toward any single lender to get paid: the deal that's right for you is the deal that works for us.
Free-to-you options through Quordx Capital
Business term loans: $10K-$500K+, 1-5 year terms, fixed payments. Best for planned investments.
SBA loans: up to $5M via 7(a), with rates currently around 10.5%-14% variable. Best for the lowest long-term cost.
Business lines of credit: $10K-$250K+ revolving credit. Best for flexible, repeat access to capital.
Working capital loans: $5K-$500K short-term funds. Best for covering operational gaps quickly.
How Quordx Capital Works
Apply once, it takes around 5 minutes, then upload your documents: typically 3-6 months of bank statements, your most recent business tax return, and a government-issued ID. The platform identifies 3-7 best-fit lenders from our 50+ lender network, ranked by approval probability. Decisions generally come back in 24-48 hours, with funding in 3-7 business days.
What to Expect
Expect full transparency: every lender fee and every term is disclosed before you commit to anything. The lenders themselves may have their own costs, interest, origination fees, factor rates on advances, and we'll walk you through exactly what each offer really costs. But Quordx Capital's service is free to you from first click to funded deal, with no obligation at any point. If no offer makes sense, walking away costs you nothing.
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No obligation · Initial inquiry doesn't impact credit · Takes about 10 minutes
Written by
Cody Dreis
Founder, Quordx Capital
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Important Disclosures
Quordx Capital is a business funding broker, not a lender. We facilitate introductions between U.S. small and medium-sized businesses and lenders or capital providers in our network. All credit decisions, funding amounts, rates, fees, repayment terms, and timelines are determined solely by individual lenders based on their own underwriting criteria.
Funding figures and timelines shown on this page are illustrative and represent ranges within our lender network, they are not guarantees and individual outcomes may vary based on business profile, industry, time in business, revenue, credit history, and lender availability. Not all applicants qualify for every product.
The initial inquiry does not impact your personal credit score. Some lenders may perform a hard credit pull during underwriting; Quordx only authorizes such checks with your specific consent for the lender presenting an offer. Applicants are protected under the Equal Credit Opportunity Act (ECOA) from discrimination based on race, color, religion, national origin, sex, marital status, age, or because all or part of an applicant's income derives from any public-assistance program.
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