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 minimum credit score required. 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 90,000 small business customers served.

Cost
70% Complete
LowHigh
Effort to Apply
20% Complete
EasyDifficult
Funding Speed
90% Complete
MonthsMinutes
Repayment Terms
30% Complete
MonthsYears

7/10

Bottom Line

A great way to grow your business with an easy and transparent application and approval process.

Pros

No draw fees. Fully automated using bank account data that represents most of the business activity. Fast Approval & Funding.

Cons

Maximum initial draw is $40,000. 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 3 months in business

Annual Revenue

At least $25,000

Other Requirments

Must have a business bank account

Cost
10.1% - 68.7% APR
Repayment Terms
Weekly payments 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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