Line of Credit by Fundbox

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.

Nav's Verdict

Cost
7% Complete
LowHigh
Effort to Apply
2% Complete
EasyDifficult
Funding Speed
9% Complete
MonthsMinutes
Repayment Terms
3% Complete
MonthsYears

7/10

Bottom Line

Use of funds includes payroll, purchasing materials or inventory, and marketing costs.

Pros

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

Cons

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.

Qualification requirements

Time in Business

At least 6 months in business

Annual Revenue

At least $30,000

Other Requirements

Must have a business bank account

Cost
As low as 4.99%*
Repayment Terms
12 or 24 weeks
Funding Amount
$1,000 - $150,000
Funding Speed
If approved, funds arrive as soon as the next business day.
Application
All digital, data from business checking account

Reviews

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