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Advertiser & Editorial Disclosure

Line of Credit by Fundbox

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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

LowHigh

Effort to Apply

EasyDifficult

Funding Speed

MonthsMinutes

Repayment Terms

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

Apply Now

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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Personal FICO credit scores and other credit scores are used to represent the creditworthiness of a person and may be one indicator to the credit or financing type you are eligible for. Nav uses the Vantage 3.0 credit score to determine which credit offers are recommended which may differ from the credit score used by lenders and service providers. However, credit score alone does not guarantee or imply approval for any credit card, financing, or service offer.

Editorial Disclosure

Any personal views and opinions expressed are author’s alone, and do not necessarily reflect the viewpoint of Nav. Editorial content is not those of the companies mentioned, and has not been reviewed, approved or otherwise endorsed by any of these entities.

Reviews are not provided or commissioned by the credit card, financing and service companies that appear in this site. Reviews have not been reviewed, approved or otherwise endorsed by the credit card, financing and service companies and it is not their responsibility to ensure all posts and/or questions are answered.