Fundbox business financing review April 2021 |
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Fundbox business financing review

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Paperwork-free invoice financing to cover working capital expenses.’s rating: 3.14 / 5.0


Bottom line: Fundbox offers a simple line of credit with no paperwork required. But the weekly repayments can be inflexible.


Min. Amount


Max. Amount


Product NameFundbox business loans
Min. Amount$1,000
Max. Amount$150,000
Loan Term12 or 24 weeks
Min. Credit Score600
RequirementsYou must have an established business.
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  • No paperwork
  • Applying doesn’t affect your credit score
  • No draw fees


  • Must use eligible accounting software to qualify
  • Weekly repayments
  • Higher rates for longer terms

Expert review

Anna Serio

Review by

Anna Serio is a trusted lending expert and certified Commercial Loan Officer who's published more than 1,000 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like Business Insider, CNBC and the Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

Fundbox is one of the few business lenders to offer lines of credit with no paperwork. Instead, it connects to your accounting software and bank account to review your business finances. It’s simple, fast and available to businesses as new as six months old, making it a good option for startups.

But its credit limits stop at $150,000 and longer terms come with higher rates. It also charges weekly repayments on each withdrawal, which can be difficult to afford if your business has uneven cashflow throughout the month.

See our table for more lenders that offer similar services.

Fundbox rates, fees and terms

Fundbox offers revolving lines of credit from$1,000 to $150,000. Each withdrawal turns into a loan with a term of 12 or 24 weeks. Rates on a 12-week term start at 4.99% APR, while rates on a 24-week term start at 8% APR. There are no withdrawal fees.

Use our calculator to see how much you might pay per month, depending on your withdrawal amount, rate and term.

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How Fundbox compares with other lenders

Here's how Fundbox stacks up to other online lenders that offer businesses simplified lines of credit:


Finder Rating: 4.7 / 5

Check eligibility

Loan amount

$5,000 to $250,000


Starting at 35%

Loan term

3 to 12 months


600+ personal credit score, 1 year in business, $100,000+ annual revenue

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 to qualify

Fundbox works with businesses that meet the following requirements:

  • At least six months in business
  • Annual revenue of at least $100,000
  • Personal credit score of 600 or higher
  • Based in US
  • Business checking account

You also must be able to share at least three months of your business bank account transactions or two months of activity through your accounting software.

What accounts can I link to Fundbox?

Fundbox works with the following types of accounting software:

  • 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 the application works

You can apply by filling out a form on the Fundbox website with basic information about yourself and your business. Instead of uploading documents, Fundbox asks you to log in to your bank account or accounting software. While you'll be using your login credentials, Fundbox doesn't store this information.

You can have access to your credit line as soon as the next business day. Typically it takes up to 24 hours for funds to appear in your business's bank account after you make a draw request. Each withdrawal turns into a term loan with automatic weekly repayments. Your credit limit increases as you pay off the loan.

What sets it apart

Fundbox's application is simple — even compared to other online lenders — thanks to its paperwork-free application. And its relatively flexible requirements make it a viable option for business owners that don't have the credit score, experience or annual revenue required for a bank loan.

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 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

Read answers to common questions business owners have about this online lender.

Does Fundbox check credit?

Yes, Fundbox will do a soft credit pull when you apply. If you’re approved and choose to continue with your application, it may then do a hard pull of your credit, which can temporarily lower your score.

How does Fundbox make money?

Fundbox makes money by charging interest and fees on its lines of credit.

Does Fundbox require a personal guarantee?

It depends. Small business owners may be required to provide a personal guarantee. But if you're financing a subsidiary of a larger organization, your parent organization may need to provide a guarantee.

See other top business loan options

Use our table to compare Fundbox to even more online lenders your business might be eligible for.

Data updated regularly
Name Product Filter Values Loan amount APR Requirements

OnDeck small business loans
Finder Rating: 4.7 / 5: ★★★★★

OnDeck small business loans
$5,000 – $250,000
As low as 35%
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.

Fora Financial business loans
Finder Rating: 3.4 / 5: ★★★★★

Fora Financial business loans
$5,000 – $500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Great for SBA loan applicants.

Lendio business loans
Finder Rating: 4.75 / 5: ★★★★★

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

ROK Financial business loans
$10,000 – $5,000,000
Starting at 6%
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.

LendingClub personal loans for business

LendingClub personal loans for business
$1,000 – $40,000
8.05% to 35.89%
US citizen or permanent resident, verifiable bank account, steady source of income, ages 18+.
Get prequalified for a personal loan up to $40,000 to help you grow your business. Great for new business owners with at least fair credit.

Compare up to 4 providers

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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