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6 alternatives to Fundbox business loans

Compare other providers that offer invoice financing and lines of credit.

Editor's choice: OnDeck business lines of credit

  • Business loan amounts up to $250k
  • Repayment terms up to 18 months
  • $100k in annual revenue required
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Fundbox offers fast, paperwork-free lines of credit to businesses with as little as six months in business and a personal credit score as low as 600. It's in the process of launching a short-term loan. But Fundbox isn't always the best option. Starting at 4.66% per week, Fundbox's fees translate into an APR that's much higher than your traditional line of credit — and may even be more costly than other online options. Its credit limit of $150,000 is also on the low end.

These Fundbox alternatives offer a similarly simple application and flexible requirements. They also offer higher limits and, in some cases, lower starting rates and fees.

Our top 6 alternatives to Fundbox

  • If you want instant funding: OnDeck
  • If you want a line of credit with lower rates: BlueVine
  • If you want multiple ways to access funds: Kabbage
  • If you want to compare offers first: Lendio
  • If you want a peer-to-peer loan: Funding Circle
  • If you want to finance unpaid invoices: FundThrough

For instant funding

OnDeck short-term loans

4.6 / 5

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on OnDeck Capital's secure site

OnDeck is an online lender that offers business lines of credit and short-term loans. It has similar credit requirements to fundbox, and a similar approval process. But it’s one of the few online lenders that can transfer funds within minutes after requesting a draw. It also has a higher credit limit and offers discounts to repeat borrowers. However, it’s starting rates tripled during the coronavirus outbreak — it might not offer much savings compared to a Fundbox line of credit.

  • Instant access to credit line funds
  • Credit limits as high as $250,000
  • Accepts fair credit
  • High starting APR of 35%
  • Choice between higher rates and prepayment penalty
  • Weekly or daily repayments
Loan amount$5,000 – $250,000
APRAs low as 35%
Min. Credit Score600
Loan Term3 to 18 months
Requirements600+ personal credit score, 1 year in business, $100,000+ annual revenue

For a line of credit with lower rates

BlueVine business lines of credit

4.5 / 5

BlueVine is an online lender that offers lines of credit and invoice factoring — which Fundbox also used to offer. Its credit, time in business and revenue requirements are similar to Fundbox. But its credit limits can reach $250,000 and it offers a lower starting rate of 4.8%. While you can receive funds within the same day you make a withdrawal request, BlueVine charges a $15 fee. Sole proprietors and partnerships might also have a more difficult time getting approved than other types of businesses.

  • Low starting rate of 4.8%
  • Credit limits as high as $250,000
  • Also offers invoice factoring
  • $15 fee for same-day funding
  • More requirements for sole proprietors and partnerships
  • $5,000 minimum first-time draw
Loan amount$5,000 – $250,000
APRStarting at 4.8%
Loan Term6 to 12 months
Requirements6+ months in business, $10,000+ in monthly revenue, 600+ credit score

For multiple ways to access funds

Kabbage small business loans

4.15 / 5

Kabbage is another online lender that offers business lines of credit. It has a similar fee structure to Fundbox and minimizes paperwork by connecting with online business accounts. It’s one of the few providers that offers a debit card connected to your credit line, which you can swipe wherever Visa is accepted. You can also access your funds by making a request through the Kabbage app or through your online portal. But American Express acquired this lender in 2020 and may be rolling out new rates, fees and additional products in the near future.

  • Minimal paperwork
  • Debit card linked to credit line
  • low revenue requirements
  • Frontloaded fees
  • Options may change in coming year
Loan amount$500 – $250,000
Min. Credit ScoreNo set minimum
Loan Term6 to 12 months
Requirements1+ years in business, $100,000+ annual revenue or $4,200+ monthly revenue over last 3 months

For comparing offers 

Lendio business loans

4.75 / 5

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on Lendio's secure site

Lendio is an online business loan marketplace that partners with over 75 lenders, including many of the providers on this page. While it won’t fund your loan, it allows you to prequalify with multiple providers by filling out a simple online form — at no cost. This makes it easier to make a more accurate comparison based on your business’s profile rather than a general range of rates and terms. But while it has a wide range of partners, it doesn’t work with every lender out there— you still might be able to find lower rates if you prequalify with providers on your own.

  • Network of over 75 partner lenders
  • Funding available within 24 hours
  • Offers a variety of financing options
  • Warning from FTC over charging fees on PPP loans
  • Some product may have high rates
Loan amount$500 – $5,000,000
APRStarting at 6%
Loan Term1 to 25 years
RequirementsOperate business in US or Canada, have a business bank account, 560+ personal credit score

For peer-to-peer loans

Funding Circle business loans

4.4 / 5

Funding Circle is one of the few peer-to-peer lenders that offers business loans. You can find term loans, lines of credit and a range of other financing options. Its term loans have much lower rates, starting at 4.99% plus an origination fee of 3.49% to 6.99% — though other products are generally more expensive. But you’ll need a credit score of at least 660 and must be in an eligible industry to qualify for the term loan. It also typically takes three days to fund your loan after you get started on the application — fast for a peer-to-peer lender but slower than Fundbox.

  • Low rates starting at 4.99%
  • Wide range of financing options
  • Funded by investors instead of a bank
  • Relatively high origination fees
  • Non-loan products are more costly
  • Limited industry eligibility
Loan amount$25,000 – $500,000
APRStarting at 4.99%
Loan Term3 to 120 months
Requirements660+ personal credit score, 2+ years in business, for-profit business in an approved industry, not located in Nevada

For invoice financing and factoring


FundThrough Express business cash advances

4.5 / 5

FundThrough is an online factoring company that offers advances on your business’s unpaid invoices from other businesses or government agencies. It’s one of the few fully-automated factoring companies that can transfer you the funds within 24 hours by connecting with your business accounting software. While the factoring fee of 2.5% to 5% are average compared to other factoring companies, it can provide as much as 100% of the funds upfront, less the estimated fees. Most factoring companies only advance up to 90%.

  • Fully automated application
  • Funding within 24 hours
  • Up to 100% of advance upfront
  • Average factoring fees
  • May not work with all accounting software
  • Expensive compared to term loans
Loan amount$500 – $10,000,000
APRNot applicable
Min. Credit ScoreNone
Loan TermUp to 3 months
RequirementsConsiders your business’s invoicing and banking history

How Fundbox compares

You can read our Fundbox review for more details on how this lender works. But here are the main benefits and drawbacks.


  • No paperwork required
  • Approval within minutes
  • Accepts fair credit


  • High cost compared to traditional credit line
  • Front-loaded fees that reduce savings with early repayment
  • Low maximum credit limit of $150,000

Explore more financing options with our guide to small business loans.

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