Line of Credit by Fundbox
The Fundbox Line of Credit offers transparent pricing with no origination or application fees, with one weekly fee that’s based on the amount you draw. Fundbox has provided access to capital to over 500,000 businesses.
625 minimum personal credit score. No impact to credit score to apply (soft pull only). No draw fees. Fast approval and funding, with funds available as soon as the next business day. Use as much as you need, only pay interest on what you use
Must have a business checking account with a minimum balance of $500. May require large weekly payments (0.4% - 0.7% of the original draw amount per week) due to the short repayment duration.
Time in Business
At least 6 months in business
At least $30,000
Must have a business bank account
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