Major Clients:
Confidential
Revenue:
$10 million - $50 million
Year Founded:
2013
Pricing:
M
Fulltime Employees:
100 - 250
Active Clients:
56
Client Retention Rate:
86%
Social:

Major Clients:
Confidential
Year Founded:
2013
Fulltime Employees:
100 - 250
Active Clients:
56
Client Retention Rate:
86%
Revenue:
$10 million - $50 million
Pricing:
M
Secondary Services:
Social:

About - QuarterSpot, Inc.

Adam Cohen, Chief Executive Officer

Adam Cohen, CEO

345 7th Avenue | New York, New York, 10001

QuarterSpot is an online lender that offers a short-term loan product.

Founded in 2013, the company has yet to hit the same level of name recognition as some of its competitors, such as OnDeck and Kabbage. Regardless, QuarterSpot stands out from the competition for a couple of different reasons. The merchants who would benefit the most from using QuarterSpot are those who plan on repaying their loan before the term is up.

Unlike many of its competitors, QuarterSpot’s loans are fully amortizing, which means you can save money on the cost of the loan by repaying early. This lender also offers the option of repaying on a weekly basis, an arrangement many merchants find easier to handle than the standard daily repayments common in the industry. I would not recommend QuarterSpot for every eligible business because the capital is very expensive.

However, because QuarterSpot has eliminated some of the less-than-stellar characteristics of borrowing money for such a short period of time, this lender is worth considering if you don’t have access to less expensive forms of debt. Read on for the details!