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8 alternatives to Fundbox lines of credit

Find fast financing with lower rates and higher credit limits than this online lender.

Fundbox offers fast, paperwork-free lines of credit (LOC) to businesses with as little as six months in business and a personal credit score as low as 600. It’s also in the process of launching a short-term loan. But rates can be high, starting at 4.66% per week — that’s equivalent to an APR over 240%. Its credit limits stop at $150,000, which is on the low end next to its competitors.

Many Fundbox alternatives also offer low-doc online applications, fast turnaround times and flexible requirements. And you’re not limited to traditional lenders or fintechs. You can also consider connection services to quickly narrow down your options or peer-to-peer lending platforms for an alternative lending option.

Our top 8 alternatives to Fundbox

Alternative for comparing lenders quickly

Lendio business loans

4.8 / 5 ★★★★★

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Lendio is an online business loan marketplace that partners with over 75 lenders, including many 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. But while it has a wide range of partners, it doesn't work with every lender out there, and the application requires you to have quite a bit of information on hand.
Pros
  • Over 75 partner lenders
  • Compare lenders in 15 minutes
  • Wide variety of lending options
Cons
  • Application is hefty
  • Exact rates and terms vary by lender
Loan amount$1,000 – $10,000,000
APRVaries by lender
Min. Credit Score500
Loan term3 months to 25 years
RequirementsOperate business in US or Canada for 6 months or more, have a business bank account, minimum 520 personal credit score, at least $8,000 in monthly revenue.

Alternative for a low-fee line of credit

American Express® Business Line of Credit

4.4 / 5 ★★★★★

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American Express Business Line of Credit also offers a business LOC higher than you may get with similar competitors. It has flat monthly fees based on your loan term. A 6-month line of credit ranges from 3% to 9%, 12-month terms are 6% to 18%, 18-month terms range from 9% to 27% and 24-month lines of credit can range from 12% to 18%. You can access your funds by making a request through the American Express Business Line of Credit app or your online portal.

However, American Express Business Line of Credit's credit score requirement is 660, which is higher than Fundbox at 570, so borrowers with less-than-ideal credit may have better chances with Fundbox.

The required FICO score may be higher based on your relationship with American Express, credit history, and other factors.

All businesses are unique and are subject to review and approval.

American Express® Business Line of Credit offers two loan types, installment loans and single repayment loans for eligible borrowers. All loan term types, loan term lengths, and pricing are subject to eligibility requirements, application, and final approval. This article contains general information about the American Express® Business Line of Credit installment loan type only.
Pros
  • No-doc application
  • Same credit limit as Fundbox
  • Access funds through app
  • Accepts fair credit
Cons
  • Higher credit score requirement than Fundbox
  • High monthly fees
Loan amount$2,000 – $250,000
APRN/A
Min. Credit Score660 (The required FICO score may be higher based on your relationship with American Express, credit history, and other factors.)
Loan term3-9% 6-months
6-18% 12-months
9-27% 18-months
12-18% 24-months
RequirementsMinimum FICO score of at least 660 at the time of application, have started your business at least a year ago, and an average monthly revenue of at least $3,000

Alternative for no contract invoice financing

FundThrough Invoice Factoring and Financing

4.5 / 5 ★★★★★

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FundThrough is one of the few fully-automated factoring companies that can transfer funds within 24 hours by connecting with your business accounting software. One of the biggest advantages of going with FundThrough is that there are no contracts — you aren't obligated to commit to a number of months.

While the financing fee range of 2.75% to 8.25% is average, it can provide as much as 100% of the funds upfront, minus the estimated fees. Most factoring companies only advance up to 90%.

Pros
  • No-doc application
  • Next-day funding available
  • Offers 100% advances
  • No contracts
Cons
  • Not all accounting software accepted
  • Financing fee 2.75% to 8.25%
Loan amount$500 – $10,000,000
APRNot applicable
Min. Credit Score500
Loan term1 to 3 months
RequirementsAt least $100k in accounts receivable to one customer, invoice B2B or government agencies, invoices are for completed work, no construction or real estate, no explicit liens on receivables

Alternative for a low-fee line of credit

American Express® Business Line of Credit

4.4 / 5 ★★★★★

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American Express Business Line of Credit also offers a business LOC higher than you may get with similar competitors. It has flat monthly fees based on your loan term. A 6-month line of credit ranges from 3% to 9%, 12-month terms are 6% to 18%, 18-month terms range from 9% to 27% and 24-month lines of credit can range from 12% to 18%. You can access your funds by making a request through the American Express Business Line of Credit app or your online portal.

However, American Express Business Line of Credit's credit score requirement is 660, which is higher than Fundbox at 570, so borrowers with less-than-ideal credit may have better chances with Fundbox.

The required FICO score may be higher based on your relationship with American Express, credit history, and other factors.

All businesses are unique and are subject to review and approval.

American Express® Business Line of Credit offers two loan types, installment loans and single repayment loans for eligible borrowers. All loan term types, loan term lengths, and pricing are subject to eligibility requirements, application, and final approval. This article contains general information about the American Express® Business Line of Credit installment loan type only.
Pros
  • No-doc application
  • Same credit limit as Fundbox
  • Access funds through app
  • Accepts fair credit
Cons
  • Higher credit score requirement than Fundbox
  • High monthly fees
Loan amount$2,000 – $250,000
APRN/A
Min. Credit Score660 (The required FICO score may be higher based on your relationship with American Express, credit history, and other factors.)
Loan term3-9% 6-months
6-18% 12-months
9-27% 18-months
12-18% 24-months
RequirementsMinimum FICO score of at least 660 at the time of application, have started your business at least a year ago, and an average monthly revenue of at least $3,000

Alternative for flexible repayment

Fundera business loans

4.9 / 5 ★★★★★

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Fundera is a marketplace for small business loans, including lines of credit, where you can compare multiple options from lenders like PayPal, Bluevine and Funding Circle. Like Fundbox, it has a simple application form that takes minutes to complete and doesn't require a Social Security number or hard credit check.

Plus, there are no fees to use the service and it offers flexible repayment options and terms to best fit your financial needs. This service can help connect you to a more cost-effective lender than Fundbox, but APRs and credit score requirements vary significantly depending on the lender you're matched with.

Pros
  • Offers a wide range of loan options
  • Flexible repayment terms
  • Access to multiple lenders with a single application
Cons
  • APRs can be high depending on the lender
  • Processing times may vary based on lender
Loan amount$2,500 – $5,000,000
APRVaries based on lenders
Loan term3 months to 25 years
Requirements$60,000+ of annual revenue, 550+ personal credit score, in business for 6+ months

Alternative for small business owners needing emergency funds quickly

PayPal Working Capital loans

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If you are a small business owner and a PayPal customer in need of immediate access to funds, PayPal Working Capital is a good option. Like Fundbox, it has a streamlined application process with minimal paperwork and no credit checks. The approval and funding process can be completed in less than an hour, which is ideal for business owners who come across unexpected expenses that need to be immediately taken care of. Though you have to be a PayPay customer to be eligible, you only need to have had an account for three months and make a minimum of $15,000 in Paypal sales.

Pros
  • No prepayment penalties
  • No credit check required
  • Quick access to funds based on PayPal sales history
Cons
  • Limited to businesses using PayPal
  • Lack of transparency around cost information
  • Minimum payment required every 90 days
Loan amount$1,000 – $250,000
APRFee based
Loan termVaries
RequirementsHave a PayPal Premier or Business account for 3+ months and make $15,000 to $20 million in PayPal sales.

Alternative for a larger line of credit

Bluevine business lines of credit

4.3 / 5 ★★★★★

BlueVine also offers business LOCs and invoice financing with credit score, time in business and revenue requirements similar to Fundbox. The main difference is the credit limit, which can reach $250,000. Instant funding is also available for a $15 fee, and rates start at 6.2% over a 26 week-term.

But it sets a $5,000 limit for first-time draws and doesn't offer information on rates for longer terms. Sole proprietors and partnerships may also have a more difficult time getting approved, as options for those are limited.

Pros
  • Higher credit limit than Fundbox
  • Invoice factoring with Fundthrough
  • Same-day funding available
Cons
  • Limited options for sole proprietors and partnerships
  • $5,000 minimum first draw
Loan amount$5,000 – $250,000
APRStarting at 6.2%
Loan term6 or 12 months
Requirements12+ months in business, $40,000+ in monthly revenue, 625+ credit score

Alternative for instant funding

OnDeck short-term loans

4.6 / 5 ★★★★★

OnDeck is an online lender that offers business LOCs and short-term loans. It has similar credit requirements and low-doc application process to Fundbox. However, OnDeck advertises that it can transfer some draws within seconds or minutes. It also offers a credit limit of $250,000 — much higher than Fundbox's $150,000.

While its starting rates are high at 29.9% APR, it's less expensive than Fundbox — though still more costly than a traditional LOC. Quick funding can be great in tough spots, but watch out for those high rates.

Pros
  • Instant access to credit line funds
  • Credit limits as high as $250,000
  • Accepts fair credit
Cons
  • High starting APR of 29.9%
  • Repayment schedule depends on term
Loan amount$5,000 – $250,000
APRAverage is 55.9% to 56.1%.
Min. Credit Score625
Loan term3 to 24 months
RequirementsCompanies in business at least 1 year, $100,000+ in gross annual revenue, majority owner with a 625+ personal credit score, active business checking account

Alternative for peer-to-peer loans

Funding Circle business loans

4.4 / 5 ★★★★★

Funding Circle is a peer-to-peer lender that offers a range of business financing, including LOCs and invoice factoring. The rates vary widely by product, with the LOC rates from 7% to 25% APR and the invoice factoring rates from 10% to 60% APR — competitive compared to Fundbox's fees.

Funding Circle offers instant or same-day draws on its LOC, though other types of financing can take longer. The APR also includes an origination fee of 4.49% to 10.49%. But it requires a 660 credit score and at least two years in business.

Pros
  • Competitive rates
  • Wide range of financing options
  • Instant or same-day draws
  • Few fees
Cons
  • High origination fee
  • Not for bad credit
Loan amount$25,000 – $500,000
APRstarting at 7.49%
Loan term6 months to 7 years
Requirements660+ credit score, 2+ years in business, operates in an approved industry, no bankruptcies in the past 7 years.

How Fundbox compares

Fundbox is a low-fee provider with no application, maintenance or origination fees. And unlike many other business lenders, its time-in-business requirements are more lax, only requiring six months in business versus the typical 12. But its line of credit caps out at $150,000, whereas other lenders like OnDeck offer up to $250,000.

Fundbox shines in its simple, low-doc application, and it accepts credit scores as low as 600. So if your business has been active for less than 12 months and your credit score isn’t ideal, Fundbox might be the provider for you.

Pros

  • No-doc application
  • Fast approval and funding
  • Accepts fair credit
  • Only requires 6 months in business

Cons

  • High 4.66% starting weekly rate
  • Front-loaded fees
  • Low maximum credit limit
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To make sure you get accurate and helpful information, this guide has been edited by Holly Jennings and reviewed by Anna Serio, a member of Finder's Editorial Review Board.
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Editor, Banking

Bethany Hickey is the banking editor and personal finance expert at Finder, specializing in banking, lending, insurance, and crypto. Bethany’s expertise in personal finance has garnered recognition from esteemed media outlets, such as Nasdaq, MSN, Yahoo Finance, GOBankingRates, SuperMoney, AOL and Newsweek. Her articles offer practical financial strategies to Americans, empowering them to make decisions that meet their financial goals. Her past work includes articles on generational spending and saving habits, lending, budgeting and managing debt. Before joining Finder, she was a content manager where she wrote hundreds of articles and news pieces on auto financing and credit repair for CarsDirect, Auto Credit Express and The Car Connection, among others. Bethany holds a BA in English from the University of Michigan-Flint, and was poetry editor for the university’s Qua Literary and Fine Arts Magazine. See full bio

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