Line of Credit by Fundbox

Line of Credit by Fundbox

The Fundbox Line of Credit is a common sense approach to small business funding, with no paperwork or personal credit check required to get started. You can qualify for up to $100,000 in credit. Fundbox offers transparent pricing with no origination or application fees, with one simple weekly fee that’s based on the amount you draw. Fundbox is trusted by small businesses owners and industry experts, with over 50,000 small business customers served.

7/10

Cost
70% Complete
Low High
Effort to Apply
20% Complete
Easy Difficult
Funding Speed
10% Complete
Minutes Months
Repayment Terms
30% Complete
Months Years

Bottom Line

A great way to grow your business with no FICO pull and a fairly easy application, especially if your personal credit does not qualify you for cheaper loan options.

Pros

Fully automated using bank account data that represents most of the business activity. Fast Approval & Funding. Personal credit is not pulled, and not taken into account.

Cons

Must have a business checking account with a minimum balance of $500. Could have large weekly payments (0.5% - 0.7% of the original draw amount per week) due to the short repayment duration.

Qualification Requirements

Time in Business

At least 6 months

Annual Revenue

At least $25,000

Credit

No requirement, no pull

Knockouts

No business bank account

Cost
15.1% - 53.7% APR
Repayment Terms
Weekly for up to 12 weeks
Funding Amount
$100 - $100,000
Funding Speed
As fast as 1 business day
Application
All digital, data from business checking account

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