Fundbox offers a revolving line of credit from Loan Amount: $1K-$150K for growing small businesses.
Fundbox offers repayment terms of 12 or 24 weeks and there’s no prepayment penalty if you pay back your loan early.
Fundbox offers a line of credit ranging from Loan Amount: $1K-$150K. You can borrow up to the amount you have outstanding in pending invoices at any time. Funds are available in your bank account as soon as the next business day.
With Fundbox, you only pay interest on the amount you actually borrow, not your total credit line. In addition, there’s no prepayment penalty, so you can limit your interest payments by paying back your loan early.
Fundbox’s application process is entirely online. To start the application process, enter information about yourself and your business such as your credit score, your annual revenue, and how much you expect to borrow. Next, connect Fundbox to your bank account or accounting software to give the company a look inside your books.
The company’s software is compatible with most major banks and most software, including Quickbooks and FreshBooks.
Fundbox can make a funding decision within a few minutes and only runs a hard credit check once you draw funds. You can request funds as soon as you’re approved and have them transferred to your bank account as soon as the next day.
Fundbox can pre-approve your business for funding from Loan Amount: $1K-$150K in credit.
Fundbox offers 12- or 24-week loans. Interest rates for 12-week loans start at 4.66%, while they start at 8.99% for 24-week loans. There is no prepayment penalty if you repay your loan early.
Although you integrate Fundbox with your banking and accounting software during the application process, the company never stores your login credentials. In addition, your application is encrypted with SSL.
Fundbox offers customer support by phone and email from 8:00am to 8:00pm ET, Monday to Friday. The company’s website also has a detailed FAQs page to guide you through the application process.
Phone: 1-(855) 572-7707
6900 Dallas Parkway,
STE 700, Plano, TX 75024
Fundbox offers lines of credit from Loan Amount: $1K-$150K for growing small businesses to make cash flow easier. The company stands out for its relatively lenient requirements for which businesses can apply. Fundbox has a fully online application, next-day funding and doesn’t charge prepayment penalties if you pay off your loan early.