Jul. 27, 2022

1 min read

Fundbox summary

Fundbox offers a revolving line of credit up to $150K for new businesses. You only need $100K in annual revenue to qualify for a loan. The application process is entirely online and only takes a few minutes, and you can get money as soon as the next business day.

Pros

Get money in as little as 1 business day
No prepayment penalties
Credit score will not be affected until you draw funds

Cons

Requires at least 6 months in business

Fundbox at a glance

4.2

Editorial score

Online experience

Has learning resources, access to rates, mobile app

5.0

Customer services and support

Multiple ways of reaching lender, wide range of hours

4.0

Variety of loan types

Offers most loan types

4.0

Loan amount range

Loan amount up to $150K

3.0

Eligibility

Loans available to most credit types, revenue levels, and businesses

5.0

Fundbox View Rates

Overview

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.

Loan Features

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.

Line of credit ranging from Loan Amount: $1K-$150K
No prepayment penalty
12- or 24-week terms
Get funds by the next business day

Application Process

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.

How Much Can You Borrow?

Fundbox can pre-approve your business for funding from Loan Amount: $1K-$150K in credit.

Repayment Terms

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.

Privacy and Security

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.

Help & Support

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

Email: support@fundbox.com

Physical Address

6900 Dallas Parkway,

STE 700, Plano, TX 75024

Fundbox View Rates

Summary

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.

Written by

Michael Graw

Michael Graw is a Bellingham, Washington-based writer focusing on finance, tech, and science. His work has been featured in print magazines and high-impact websites. He writes for BestMoney and enjoys helping readers make sense of the options on the market.‎

Trustpilot reviews

See what some costumers are saying about Fundbox

Excellent

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Reviews 3,635

Excellent

89%

Great

Average

Poor

Bad

david rail

3 days ago

Great financial institution

Great financial institution. We love our line of credit with them. Terms are great, and payments and fees are reasonable.

dwayne lee

4 days ago

Easy to use

Easy to use, fast funds

linda eastwood

7 days ago

Love Fundbox

Love Fundbox, excellent customer service and they always respond to any issues

c g.

9 days ago

Donta went above & beyond to be…

Donta went above & beyond to be Professional, Helpful, & Comforting. I was very distressed due to a bank change, & locked myself out of the portal. Plus, I was out of town on the East Coast, & the Owner, was on the West Coast. The Business Owner & I were conferenced in on a call. All was resolved. Serious problem averted, All, bc Donta went that extra mile. We are very Grateful for his service!!!! 5 Star Service!

k & m auto brokers llc

10 days ago

I love fundbox, it is easy to use and great tool for any small business.

Great funding tool for any small business.

greg martin

11 days ago

Worst customer service in the world

Worst customer service in the world! We have used FB since 2017 and for years it was so easy to make a draw and get funds. For almost a year now it has been nearly impossible! Everytime I go to make a LOC draw the FB is out of sync with QB's. It takes 5-6 hrs of time I don't have to make a simple draw! I call CS and they can't help but tell me someone will call me back shortly. I get a return call in 3-4 days. We have high speed business internet and $4k top of the line Dell desktops and we still can't get their software to work correctly.

javonte’

6 days ago

Everything was going well until I…

Everything was going well until I received a random “audit” and they paused my account. I’ve never missed a payment, I actually paid extra the week prior and now here we are with no real answer.

freetime llc.

12 days ago

I have been with fundbox for many years…

I have been with fundbox for many years they have alway's been extremly helpful and very resposive they have help over and over in my buisness i would recomend fundbox to anyone including my family and close freind's needing line's of credit i can not say enough. Thank you so much Ken.D. Lewey at Freetime llc

sfernandes

13 days ago

Fantina is a pleasure to work with!

Fantina is such a pleasure to work with! Professional, helpful and understanding. She has helped me resolve many issues and I look forward to continuing to work with her in the future!

danielle

19 days ago

Do NOT use this company

Do NOT use this company! Everything has been fine since i signed on a year or so ago if not longer than that. The only complaint I had until their huge misstep today was that the initial limit was to low and I never received any increases...but whatever I have consistently used them to fill in the gaps when I needed a floater for my business bills. Today out of nowhere they decide to take the line of credit away from me pending some review with zero warning when I have a big expense I was going to use it for on the 2nd. I called to find out why and although the agent was very nice he couldnt give me any answers just that he saw the same thing I did. Not helpful. This company touts how it helps small businesses but this little power play out of nowhere for no reason when Ive always paid hurt us more than anything. small businesses are always at a huge disadvantage and can use whatever help they can get which this company did at first but doing this is going to cause a huge repercussion because it came out of nowhere. I will never use this company ever again even after they complete this review because of what they did. they cannot be trusted.....how would i know that they wouldn't do this again out of the blue and cause another repercussion because they cant be bothered to give a good notice or tell you exactly what the problem was. I was told to write a letter to find out why.....how about you just tell me what the problem is .....they cant be trusted dont use them and if you do just know this can happen to you

cindy eckels

a month ago

The whole process is so easy and mind…

The whole process is so easy and mind free!

crawford am enterprises

a month ago

Great convenient

robert

2 months ago

Great company for financing

nate tant

2 months ago

Poor customer service

Fundbox has a good system and is convenient but they don't honor their programs and dodge phone calls and never get back to you. I just found out their system logged me as a missed payment in the very beginning even though it was their system that was having glitches this is not good faith when the customer is on the phone with you relentlessly trying to get it fixed.

levi glick

2 months ago

Ease of access to funding is great

Ease of access to funding is great. The rates are a little high

ian morales

2 months ago

Worst Funding Company For Small Businesses

Not only did we make every payment and complete our loan. They keep doing credit pulls with no way of removing them from or our business account. They will deny you new funds based off of algorithms. Only one person answers the phones and it’s the same person every time. The last reason they did not provide funding was due to “Inadequate performance in related Fundbox account”. So just know if you make all you daily payments on time and pay off your full amount it’s considered “Inadequate performance”. Nothing personal about this company. Just a bunch of robots.

keith iwu

2 months ago

Extreme ease of use

Extreme ease of use. Fast funding which makes short term business funding worries a thing of the past. Great service.

kelin buchannon

2 months ago

I absolutely love Fundbox

I absolutely love Fundbox. We work with a lot of large REIT’s in which payout from 7 days to one month out. This LOC has continuously allowed us to make payroll every week with no hiccups. Our business would be totally different without the LOC.

anthony l. sanders

2 months ago

By requiring bi-weekly payments is…

By requiring bi-weekly payments is helpful.

dustin

2 months ago

Very Easy to use

chaz betz

2 months ago

It seems like your borrowing from your…

It seems like your borrowing from your savings account ,very convenient, easy and you feel like your not being overcharged for a small loan!

towing & service department

2 months ago

AWSOME I WISH THEY WOULD GIVE…

AWSOME I WISH THEY WOULD GIVE INCREASES FOR COMPANIES TO HELP THEM EXPAND

kirk

2 months ago

fund box is very reasonable on fees an…

fund box is very reasonable on fees an payment terms, easy to use , and is in great when waiting on outstanding receivables. kirk NO DIRTY BOAT LLC

wade rosenquist

2 months ago

When they tell you they'll loan again once it's paid to 50%...don't believe them.

They tell you that you can loan back/get additional funding once you've paid it down to 50%. I've made every payment on time and now I'm down to 25% of the total amount paid off and still no option for funding. I conducted business assuming that what they were telling me was true, I paid off another loan and added inventory when I was getting close to 50%.

michael nixon jr

3 months ago

Easy to Use

Easy to sign up and easy to use.

wilson

3 months ago

Fundbox is fantastic

Fundbox is fantastic! Easy to get funds and be approved.

aadmirals travel& transportati

3 months ago

Do not believe what you received from…

Do not believe what you received from Fundbox, they are lying to you. They are providing you with a fake pre approval letter of 150k, when you enter all the required information of your business, your personal info, and connect to your business bank account they will email you approval with line of credit of only $1000 while I have a minimum of 665 credit score. it does not even worth the time spent on the online portal and connect your business bank account with them. Be careful, be careful.

whitestone dci

3 months ago

Good if you have high net regularly.

High interest rates, but if you need to close a gap quickly I think its a good option to have.

michael sharp

3 months ago

Great source of funds in building a…

Great source of funds in building a financial relationship. I truly suggest the reporting of credit to help your clients build To not get credit for paying off debt should not be allowed. I'm sure Fund box has the bandwidth to report to credit reports

berry/andre eugene

3 months ago

The funding is easy to manage and I can…

The funding is easy to manage and I can make early payments

matt titus

3 months ago

Precise & to the point

charles montgomery

3 months ago

Success - Simple Interface

Simple interface - worked every time so far for me.

diana velasco

3 months ago

I never have any trouble with customer…

I never have any trouble with customer service. The app is user friendly

jesse garcia

3 months ago

Easy

Easy understandable

dustin and dena perkey

3 months ago

DO NOT DO IT!

Fundbox seemed to make perfect sense for our small growing business. First time we used it was great no issues money was there quickly we really thought okay cool this is exactly what we need. We were told use it so we could up our limit. So we decided why don't we just pay them off the $8,000 that we still owe so that they will up our limit. Long story short what we weren't told was that when we went in a couple months later to use the money that it was no longer there! So then they say we'll just reapply. Okay, no problem right? Except it is a problem because they want to do another hard pull on your credit and that to me is a problem! They were very misleading I feel like I was lied to and just told what I needed to hear so that they got their money right away and I got my line of credit shut down. Use any other company! Do not I repeat do not attempt this unless you plan on using the money at least once a month because if you don't when you need it it will not be there! Bad business.

ritzy rerack resale & consignm

3 months ago

Trustworthy. Was a bit apprensive at first but…

Was a bit apprensive at first but Fundbox tured out to be a helping hand at the right time. Very efficient and communicate well with clients.

tiran jackson

4 months ago

Their process to access funding and get…

Their process to access funding and get it when it is needed is quick and easy to accommodate. They really helped me out in a moment where it was necessary to acquire additional funding.

normanpinkston jesus

4 months ago

Easy to use

Easy to use. And I've been using fundbox for years

jessica cutright

4 months ago

Fast and convenient

Fast and convenient. No penalties for paying early. Effortless every time we need to use it!

anthony

4 months ago

Using Fundbox is very easy and helpful

Using Fundbox is very easy and helpful. They allow option on payback terms and let you know before using the funds how much the repay amount will be. You can't go wrong. Very transparent.

l. wheeler

4 months ago

Very Satisfied

I truly like how Fundbox stays in touch and gives constant updates and reminders. Fees are reasonable and their business model is very compatible with how we operate. I would recommend them to anyone!

wilson ribeiro

4 months ago

I love Fundbox

I love Fundbox. It was easy to get approved, easy to access the funds and they have reasonable interests rates.

geannie hewett

4 months ago

easy to work with

kelli veal

4 months ago

Always there when you need them!

dr joseph g morelli jr.

4 months ago

The help of the staff.

moshe

4 months ago

Easy to use

Easy to use. The process was very simple and quick.

gene martin

4 months ago

Experience has been wonderful!!!

Experience has been wonderful. Quick funds, flexible terms and good customer service.

sunny anderson

4 months ago

They're good!

leslie bizzell

4 months ago

Very Disappointing business model- customers not valued

We were very pleased to have found Fundbox, it truly looked like it was going to be a perfect fit for our new and growing business. Our personal rep was awesome and helpful in every way. We did use Fundbox and again were very pleased with the set up and re payment process. However we didn't use it for a couple of months. And just as we had decided we were going to use it to make a purchase for our business we received an email they had deactivated our account because we had not used it in 3 months. We were unaware this was something they would do. The email said to contact them to reactivate our account but that is terribly misleading as you are not allowed to reactivate you have to apply all over again. This is an awful business model. We do not want another hard credit pull on our account just because we didn't use the funds within a certain period of time. The way it was explained to us from the onset was the more you use it the more opportunity for you funding to increase not anything about them closing it. When I called to see what could be done- the rep was very kind but said nothing could be done but to reapply I even asked to speak to someone higher up but was told there was no one. Just very disappointed in how this played out for us. And a very poor business model. Not very concerned about their customers at all.

bruce rutkin

4 months ago

A company that cares.

The care from the customer representative, the help I received and the professionalism were top notch. Our lives have been changed and help is needed by many. Fundbox has been there whenever I have had a need. Thankl YOu

tamika adams

4 months ago

Truly Helps Startup Businesses

As a new business owner Fundbox has been a lifesaver. They were the first lender to give me and my business a chance. For that I am super grateful.

steven mark taylor

5 months ago

Great

Just good to be able to get to money when your really need it. Thank you for being the company to help us get on our feet at Ta'lore Transportation.

dennis

5 months ago

easy to use

it's very easy to usethe app is very easy to use and the funds arive very quickly,and the withdrawals from my account are also very easy and the intrest is fair

joseph ihimekpen

5 months ago

great platform.

This platforms is very transparent and has given a boost to my business.

df healthcare partners, llc

5 months ago

Very easy to use and timely

Very easy to use and timely. Also btter terms then hard money lenders.

james d galligan jr

5 months ago

Very self explanatory and easy to…

Very self explanatory and easy to follow. Would recomend to my constiuents.

customer

5 months ago

ease of service

ease of service professionalism speed

matt

5 months ago

Run don’t walk

Run don’t walk. Constant lay offs while management flies across country to party. No notice given to lay offs but online press release from Ceo gets published before you know you lost your job. No healthcare no severance, meanwhile high salary employees given increases, and hiring of high pay employees the same day.

5 months ago

Great and simple experience

Great and simple experience, quick funds and easy repayment.

natasha

5 months ago

No hassle and affordable payback…

No hassle and affordable payback options.

branden

5 months ago

Good business

Tiffany has been a pleasure to work with as an account specialist and accommodating to my communication preferences! Would recommend this company to fund your business needs!

noura skaf

5 months ago

Elliot was very knowledgeable and…

Elliot was very knowledgeable and helpful . My line got disconnected he called back right away and made sure my transaction went through before we hang up . He was very patient and detailed Definitely an asset to your company.

idms llc

5 months ago

Fundbox is helping with cashflow

Fundbox is helping with cashflow. As I invoice my clients monthly, and the net payment terms vary between 15-45 days (per each client's contract), it is helpful to utilize Fundbox's line of credit. -Founder, Information Design & Management Solutions, LLC

denise banks

5 months ago

Efficient and Professional

Quick, easy and reasonable. Customer service is friendly and helpful.

kim betts

5 months ago

Approval was quick with easy to…

Approval was quick with easy to understand terms. Withdrawals were in my account within two days

sergio

5 months ago

Reduced total LOC+Flex lines by 60% today via email

As of Noon today they sent out an email (supposedly to all customers): "Update to your Flex Pay transaction limit" The amount available to you for Flex Pay transactions will be decreased soon. Starting on Oct 18, 2022, the total amount of your outstanding Flex Pay balance, together with your outstanding Line of Credit balance, cannot exceed your total credit limit which is a nice way to say: "Your total credit used to = $100k LOC + $150k LOC Flexpay, Total $250k, as of NOW it's just $100k for both LOC AND Flexpay, Total $100k credit" NET REDUCTION OF 60%!! I called to find out if this was something specifically related to our company and the rep assured me it was sent to all customers. I asked them to clarify how we can use our account reliably between now and the intended change date of 10/18 and gave some specific payments that we intended to direct to our Flexpay account, and was told basically "according to the new rules you're already over your limits and can't use Flexpay at all right now". To put things in perspective my LOC is at 75% and my Flexpay was at 60% of their limits, but their new rules and no fault of our own we're ALREADY past our limits and anything already on the way to Flexpay will be declined. I spoke with a nice representative for quite some time and explained how disruptive this is to our business, especially with effectually NO advanced warning. They claim the changes are effective next week but the rep made it clear that the new calculations are in effect NOW. I know how much of a headache this creates for my business which has grown to use the features of this service to effectively manage our cashflow, but fortunately we're well established and we'll get through this curveball, but I can't believe Fundbox would do something so irresponsible and financially perilous to their customers and not anticipate either the reaction or the shared increased risk it puts to both them and their customers. Poorly planned, executed and communicated, looking elsewhere.

jennifer

5 months ago

Fundbox is very easy to use.

sup

5 months ago

great experience

wayne walters

5 months ago

Great 👍 service 👏

Great 👍 service 👏, absolutely no problem or issues

samantha king

6 months ago

Sketchy, changing policies during hard times. Bad biz.

With only two weeks to figure out how to pay bills with my FlexPay account that was reduced by 30% (and I paid on time and before the grace period to avoid fees). They reduced it because: “Flex Pay is a beta test, and we have had some amazing feedback. In order to release Flex Pay more broadly we have needed to make decisions about how Flex Pay works so it can be a sustainable feature. That is why we are making these changes today. Please let me know if there's anything else I can help with. Best, Iman Fundbox Support Team” I paid off my remained FlexPay line to have it decrease, change policy, and screw my business over. Not helpful at all. And posting statistics of how small businesses struggle with cash flow is so gross and insulting. I would not suggest this business solution. They are not helpful and more hurtful and should be looked into.

rali wade

6 months ago

My experience with Fundbox has been…

My experience with Fundbox has been really smooth. They have been pretty dependable and gave me a line of credit when others wouldn't (due to lack of credit history within my business) Overall good experience. The fees are a little high but that's typical for someone in my situation.

travis

6 months ago

Great service

So far so good.

jason davis

6 months ago

Fundbox is an excellent source of alternative funding

Fundbox is an excellent source of credit. I applied through 1800BizFund and they made the application process easy. I highly recommend using both.

ebby tabari

6 months ago

loan

good and easy loan

terry stevens

6 months ago

It's a great line of credit

john smith

6 months ago

I have had good time with funbox

noel ramirez

6 months ago

easy access to business capital and…

easy access to business capital and good timing of receipt of funds! Great customer service as well.

pamela reynolds

6 months ago

Speaking with Shelby

Speaking with Shelby, funding specialist with Fundbox was an amazing experience!! She was kind, patient and upfront about terms and payback!! I would highly recommend Fundbox for funding. Thanks for all you do!!

julie grimes

6 months ago

Identity mix up

My account was put on hold. They put someone else's bankruptcy information on my account. Then told me I need to get legal counsel to contact them on my behalf. Why am I paying for their clerical mistake? I cannot get a live person to connect me with their legal team so they can fix this mistake.

philly guy

6 months ago

The approval process was quick and…

The approval process was quick and painless. The funds show up as promised and gives my company the flexibility to improve our cash flow and meet our clients needs

donald glover

6 months ago

Customer service was great and…

Customer service was great and everything went smoothly. Thanks...

mcadams capital builders

6 months ago

Great Platform

mm ketter

6 months ago

Easy to use and fair.

beth from bama

6 months ago

Tangela was great!

Tangela was great and very informative. Her professionalism was a breath of fresh air! Thank you for informing of the rate decrease.

colleen

6 months ago

Easy peasy

Easy peasy! Super helpful and terms are clear.

paul canney

6 months ago

Excellent Customer Service.

Every time I've contacted Fundbox with a question or an issue, they have responded promptly, answering my question or resolving whatever the issue might be. I find their customer service to be excellent and I am a big fan of their products and offerings.

bob c

6 months ago

Fundbox has been easy to work with and…

Fundbox has been easy to work with and provided very helpful resources.

eandh valestin

6 months ago

Communication is good and ease of use…

Communication is good and ease of use is phenomenal

chaz betz

6 months ago

Gerald Finegan

Gerry, was outstanding when it came to explaining about Fundbox it's a great concept,Chaz Betz

alfredo

6 months ago

Very easy process

Very easy process, great customer service and the app is great.

anand s. anandan

6 months ago

Fund Box - Great Products, Transparent and Reliable

Fund Box has excellent lending products perfect for small businesses. Cost-effective and transparent. I have to really thank 1800Bizfund for introducing me and guiding me with this excellent product.

kelley rogers

6 months ago

It's an easy straight forward process

It's an easy straight forward process. That can really ease the pain during slow business times. The reps are easy to speak with and very informative as well. I recommend it..

shawn conran

6 months ago

Great option in a pinch

Great option in a pinch. Quick and reliable!

robert

6 months ago

tennessee

Great company to work with

t. christopher

7 months ago

Fundbox is Quick

Fundbox is Quick, Simple, and Convenient!!

taurus hamilton

7 months ago

This is a helpful service and great…

This is a helpful service and great support staff

jay automotive

7 months ago

Funds when you really need them!

dieudonne louismeme

7 months ago

Fundbox is the best.

eric bell

7 months ago

Their people make it HAPPEN!!

My dealings with Fundbox started slowly. I was not approved quickly as advertised and part of the reason was a lack of understanding regarding my business. Bracken, my initial contact, took the additional information and I was approved 2 days later. I appreciate his resolve to get this done for me. After being approved, I was transferred to Tiffany, the account specialist. My conversation with her, as it was with Bracken, was professional, personable and polite (PPP). Although, I didn't get the line I wanted and it took longer than advertised, my client experience because of their people deserves a 5 star. Eric B

shannon

7 months ago

Always helpful and definitely helping…

Always helpful and definitely helping build my credit.

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