Invoice Financing by Fundbox

Invoice Financing by Fundbox

Fundbox offers business owners a simple way to fix their cash flow by advancing payments for their outstanding invoices. Fundbox is a small business solution designed by a small business. It was built by a group of technological innovators and financial professionals with the mission of helping small businesses grow, become independent and achieve their full potential.

6/10

Cost
70% Complete
Low High
Effort to Apply
20% Complete
Easy Difficult
Funding Speed
10% Complete
Minutes Months
Repayment Terms
15% Complete
Months Years

Bottom Line

Good alternative to MCA or other business cash advances. Make sure you are comfortable with what the weekly payments will be.

Pros

You are given 100% of the invoice funds and then repay weekly for 12 weeks.

Cons

Must have accounting software that you use for invoices, and have at least 3 months of data. Connect directly with Quickbooks, Sage, Xero, Wave, Freshbooks, Clio, Kashoo, Harvest or InvoiceASAP.

Qualification Requirements

Knockouts

No Bankruptcy, no major liens

Accounting Software

At least 3 months of accounting software data. Connect directly with Quickbooks, Sage, Xero, Wave, Freshbooks, Clio, Kashoo, Harvest or InvoiceASAP.

Time in Business

3+ months

Cost
13.44%-67.70%. Fees are charged as a 5-7% of total invoice value.
Repayment Terms
Weekly for up to 12 weeks
Funding Amount
$1,000 - $100,000
Funding Speed
As fast as 1 business day
Prepayment Penalty
None. You’ll only pay the leftover invoice value and all of your remaining fees will be waived.
Application
All digital, data from accounting software

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