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Fundbox business financing review

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Fundbox offers lines of credit and invoice financing with flat rates based on your business’s financial health.’s rating: 3.14 / 5.0


According to a 2015 study, approximately 45% of small business owners are turned down for financing more than once. It’s incredible and slightly horrifying how hard it can be to get the funds you need to grow your business or just keep it running smoothly.


Min. Amount


Max. Amount


Product NameFundbox business loans
Min. Amount$1,000
Max. Amount$100,000
Loan Term3 to 6 months
Min. Credit Score500
RequirementsYou must have an established business.
Check eligibility

Expert review

Aliyyah Camp

Review by

Aliyyah Camp is a writer and personal finance blogger who helps readers compare personal, student, car and business loans. Aliyyah earned a BA in communication from the University of Pennsylvania and is based in New York, where she enjoys movies and running outdoors.

Expert review

Fundbox offers three types of financing to small businesses that may not qualify for larger loans from banks. This makes it a good choice if your business needs access to working capital or doesn’t have the funds to make an important purchase. And it’s open to relatively new startups. As long as you have three or so months of banking history and meet its annual revenue requirements, your business may qualify.

But the speed and loose eligibility criteria come at a cost: Fundbox charges high rates for all of its services. You also won’t be able to borrow much, which doesn’t make it an ideal choice for growth.

See our table for more lenders that offer similar services.

What types of financing does Fundbox offer?

Fundbox offers three borrowing options: Lines of credit, net terms on business purchases and invoice financing.

Line of credit

When you sign up with Fundbox, you’re taking out an unsecured line of credit. That credit line has a maximum draw limit of $100,000 and a minimum rate of 4.66%. 

As you draw from your line, you pay the amount back over 12 or 24 weeks. Fundbox automatically debits the weekly repayments from your connected account. When a payment hits, the amount of the principal you paid back becomes available to draw from again.

Net terms

Fundbox offers interest-free financing when you make a business purchase from one of its vendors. This allows you to postpone payment for a 30- or 60-day net term. If you repay during your net term, you won’t owe money. But once this period is over, you will pay a fee every week your loan is outstanding — up to 52 weeks. 

Invoice financing

Fundbox also allows you to sign up to offer net terms to your customers. You can accept payments from your customers without having to wait for them to pay your invoice, but you will need to pay a transaction fee for the privilege. 

Exact terms and criteria depend on your business, so contact Fundbox for more information to get started.

What accounts can I link to Fundbox?

Fundbox doesn’t require paperwork. Instead, you’ll link your accounting software to demonstrate your eligibility and financing needs.

Supported bookkeeping software includes:

  • Clio
  • Ebility
  • FreshBooks
  • Harvest
  • InvoiceASAP
  • Jobber
  • Kashoo
  • PayPal
  • QuickBooks Desktop
  • QuickBooks Online
  • Xero
  • Zoho Books

To make automatic repayments on the amount borrowed, you’ll need to link a business account. Fundbox can connect to over 12,000 financial institutions including national, regional and local banks and credit unions.

How much will this loan cost my business?

The cost of borrowing from Fundbox depends on the type of funding your business uses.

  • Line of credit. Interest rates start at 4.99% for a 12-week term or 8.99% for a 24-week term. You will be able to review the rates and terms for a draw before confirming it. However, these can change from one draw to the next — and Fundbox doesn’t list a maximum rate. 
  • Net terms. If you use Fundbox to make a business purchase from a vendor, there's no fee if you pay the total amount due before the end of the net-30 or net-60 term. However, there's also a 52-week plan with a 19.42% fee rate if you extend your terms.
  • Invoice financing. Fundbox charges a 1.75% transaction fee for a net-30 term and a 2.9% transaction fee for a net-60 term. Longer net terms will have higher rates, so check your loan agreements for more details.

How it works

Fundbox won’t necessarily use your personal credit score to determine eligibility and fees. Instead, it has base fees for each type of financing it offers. When you apply, it checks your business finances and recent banking history to determine your rates.

What do I need to qualify?

Fundbox requires your business to meet a few basic criteria:

  • Registered in the US
  • Active invoice history for at least the past three months
  • Partnered bookkeeping software or supported business checking account
  • Annual revenue around $25,000 for net terms or $50,000 for line of credit

What information do I need to apply?

The information you need to provide depends on the type of funding you need, but expect to provide tax returns, recent bank statements and other proof of business income when you apply with Fundbox.

Pros and cons


  • Deals directly with you, not your customer
  • No prepayment penalty
  • Flat percentage fee
  • Low personal credit accepted


  • Low maximum credit limit of $100,000
  • Doesn’t support all bookkeeping software
  • Credit limit and fees may change
  • Automatic weekly repayments

See other top business loan options

Data indicated here is updated regularly

Name Product Filter Values Loan amount APR Requirements
First Down Funding business loans
$5,000 – $300,000
Fee Based
At least 1 year in business, an annual revenue of $100,000+, and a minimum credit score of 400
Alternative financing up to $300K with highly competitive rates.
Lendio business loans
$500 – $5,000,000
Starting at 6%
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
ROK Financial business loans
$10,000 – $5,000,000
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.
OnDeck small business loans
$5,000 – $250,000
As low as 9.99%
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
Rapid Finance small business loans
$5,000 – $1,000,000
Fee based
Steady flow of credit card sales, bad credit OK

Compare up to 4 providers

Is Fundbox legit?

Yes. Fundbox uses encryption technology and strict security protocols to keep your information safe. It has multiple FAQ pages outlining how its privacy and security policies work. 

However, its privacy policy doesn’t state a way you can limit the way your information is shared. Read the full privacy policy and other documents carefully to ensure you agree with how Fundbox may use information about you and your business.

Fundbox reviews and complaints

BBB accredited Yes
BBB rating A+
BBB customer reviews 4.59 out of 5 stars, based on 93 customer reviews
BBB customer complaints 11 customer complaints
Trustpilot Score 4.7 out of 5 stars, based on 2,532 customer reviews
Customer reviews verified as of 13 October 2019

Fundbox earns good reviews overall, but some customers report problems with its service. There are multiple complaints about the high fees and weekly repayment schedule, and some customers cite issues with customer service. However, most say that Fundbox provided a quick, simple solution for their temporary cash flow problems.

How do I apply?

You can apply for a line of credit or invoice financing by following these simple steps:

  1. Click the Check eligibility button to be redirected to Fundbox’s website.
  2. Enter your full name, email address and phone number. Create a password and select your business’s estimated annual revenue. Then click See how much you qualify for.
  3. Authorize your account through your accounting software or business checking account. You will need to log in to your account through Fundbox’s secure portal.
  4. Verify your personal and business information, then submit your application.

Funbox may take a few hours to fully process your information and give you an approval decision.

What happens after I apply?

Requests made before 12 p.m. PT Monday through Thursday will be funded as soon as the next business day and deposited into your business checking account. It may take multiple business days to fund requests made outside this window.

How do repayments work with Fundbox?

Fundbox debits payments automatically from your linked business checking account. If you’re able to fully repay the total amount, the remaining fees are waived and there’s no early repayment penalty.

Keep at least the weekly repayment amount available in your connected business account. Late fees are steep. Not only will you owe the missed principal and the weekly fee, but there is an additional weekly fee stacked on top. 

And if you don’t have enough in your account, Fundbox also charges a $6 NSF fee on top of its late fee. If you won’t be able to make a payment, contact Fundbox as soon as possible to discuss your alternative options.

Fundbox is a short-term solution for businesses that have unpaid invoices. For other funding options, learn more about business loans and compare lenders like Fundbox.

Frequently asked questions

Business loan ratings

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★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We rate business loan providers on a scale of 1 to 5 stars based on factors like transparency, costs and customer experience. We don’t take into account elements like eligibility criteria, state availability or payment frequency — we save that for our reviews.

Read the full methodology of how we rate business loan providers to get a better picture of what goes into each star rating.

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