Fundbox

Overview

Fundbox offers business owners a simple way to fix their cash flow by advancing payments for their outstanding invoices.

Tens of thousands of businesses have connected to the Fundbox platform to eliminate cash flow gaps by instantly clearing invoices. Fundbox is advancing thousands of invoices weekly, offering small business owners the ability to optimize their cash flow by advancing payments for unpaid invoices. This effectively eliminates the net 30, 60, 90-day problem from which so many small businesses suffer.

Fundbox leverages deep data analytics to accelerate cash flow and clear invoices for small business. The Fundbox risk engine taps into numerous data signals within its network to assess customers and invoices for risk automatically and instantly, allowing small businesses to choose which invoices to clear with a single click. Technology and finance industry veterans Eyal Shinar, Yuval Ariav and Tomer Michaeli founded Fundbox in 2012. Leading Silicon Valley entrepreneurs, finance veterans, and venture capitalists, including Khosla Ventures, SV Angel, and former CitiGroup CEO Vikram Pandit, back the company.



Loan Features

Fundbox gives small businesses access to credit in a snap. We offer healthy businesses a funding solution that is tailored to their abilities, with an optimized and flexible repayment plan. Our mission is to simplify and improve how small businesses pay and are paid.

Fundbox might be an attractive option for for your business, especially if you are just getting started. Fundbox, a fast-growing online lender, if approved, can provide your business a business line of credit that suits your needs and helps to quickly fill up the hole in your cash flow. There is no paperwork and no personal credit investigation to get started. You can be eligible for up to a credit of $100,000. The only real requirement is that your business must have been in business for at least three months.



Application Process

To use Fundbox, which operates with most national, regional, and local banks and credit unions–over 12,000 financial institutions in all–you can just connect your business banks account, or you can connect your compatible invoicing or accounting software such as:
QuickBooks (both Desktop and Online), Zoho (both Books and Invoice), FreshBooks, Xero, Harvest, Wave, Clio, InvoiceASAP, Sage One, Jobber, Kashoo, eBility.

Registering for Fundbox is fast and free. Transparent pricing and no long-term contracts. When you connect your bank account or accounting software to Fundbox, we review your business’s transactions and perform a business health assessment. During the assessment, we determine whether we are able to approve you for Fundbox Credit and, if so, what your credit limit is.

When you draw funds, you repay the amount you drew, plus a fee, each week. Fees start at 4.66% of the amount drawn. Fees may vary over time, but you’ll always know them before you draw. Repay early and we waive all remaining fees. There are no registration or subscription fees at Fundbox. You only pay when you draw funds.

Repayment Terms

Repayments are spread evenly across 12 or 24 weeks, depending on the terms you choose when you draw. Each weekly repayment is made up of two parts: a fraction of the amount drawn, and a simple, flat fee. Your weekly repayment will be automatically debited from your bank account each Wednesday, using ACH. All you need to do is make sure there are sufficient funds in your account when we debit it. You can repay early any time and we’ll waive all of the remaining fees.

Credit score: No requirement
Age of business: 6 months or more
Annual revenue: $25,000
Collateral: No requirement
Personal guarantee: No requirement
Repayment terms: Weekly automatic deductions from your bank account
Term length: 12
Other requirements: Must have business checking account

Customer Support

+1 (855) 572-7707

300 Montgomery St
San Francisco, California

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