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.
Nav's Verdict
7/10
Bottom Line
A great way to grow your business with an easy and transparent application and approval process.
Pros
No minimum credit score required, and there is no impact to credit score to apply (soft pull only). No draw fees. Fast approval and funding.
Cons
Maximum initial draw is $50,000. 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 $50,000
Other Requirements
Must have a business bank account
Reviews
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