In-Depth Analysis

Fundbox Review

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Written By
I. Mitic
August 11, 2023
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Fundbox offers two types of funding: revolving lines of credit and invoice financing. Based on what you see in Fundbox reviews on the internet, you’re likely to believe this lender is praiseworthy on the basis of its fast, simple application process and its liberal borrowing requirements. We decided to check it out for ourselves.

We’re happy to recommend Fundbox to start-up companies and small businesses, especially those whose owners’ credit histories can make it difficult to qualify for loans.

Loan Amounts
$1,000 - $100,000

Minimum Credit Score: 550

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Fortunly Rating

Fortunly's Rating: Our editorial team determines the rating based on a set of evaluation criteria developed for each product and service category.

$1,000 - $100,000
12 weeks – 24 weeks
Start at 4.64%
24 hours
6 months
United States, US Territories
pros thumb up Strengths
  • Simple, fast application process
  • Fast funding
  • Good solution for startups
  • Invoice financing available
  • Low credit score requirement
  • Only banking details required to apply for a line of credit
pros thumb up Weaknesses
  • Rates can be high
  • Short repayment period

Fundbox Overview

Established in 2013, Fundbox is focused on providing invoice financing services to small businesses. In 2017, Fundbox started offering its clients revolving lines of credit. For almost a decade, Fundbox Inc. has supported thousands of small businesses and startups, helping them get funds quickly and without too much paperwork.

Thousands of small business owners, entrepreneurs, and freelancers trust this lender and use its services for different purposes. Thanks to its flexible eligibility requirements, Fundbox is a good source of funding for businesses that have just entered the market and established businesses with low credit scores.

Unlike traditional banks, this lender evaluates a business’s strength based upon a variety of parameters, not particularly just credit score.

Although Fundbox is one of the best solutions for start-up businesses and entrepreneurs, well-established businesses should look for other solutions. Fundbox loans come with a short repayment period (24 weeks maximum) and high interest rates.

Furthermore, the maximum amount a business can borrow is $100,000, which might be limiting for businesses that are looking for big cash injections. In this case, a traditional bank loan, or maybe a Fundbox alternative, would be a better option.

However, Fundbox is beneficial for businesses and individuals who are looking for fast funding. The application process is one of the simplest in the whole online lending community. In fact, for a line of credit, you’ll need to provide only your banking details to apply for a loan.

How Does Fundbox Compare to Other Business Lenders?

Fundbox Logo
APR Range


Min. Credit Score


Fundation Logo
APR Range

7.99% to 29.99%

Min. Credit Score


Reliant Funding Logo
Reliant Funding
APR Range


Min. Credit Score


Fundbox Financing Types

Fundbox offers two types of financing: lines of credit and invoice financing. Both financing solutions are good for businesses that are prepared to face a short repayment schedule. Term loans run for 12 or 24 weeks, depending on the agreement with the lender. In most cases, a short repayment period comes with higher rates, which is exactly why many businesses choose other lenders.

Revolving Lines of Credit

If you’ve just started your own business and you need a safety net from which you can draw funds any time you want, a Fundbox line of credit could be just what the doctor ordered. With a line of credit, you get access to a pool of money from which you can draw funds any time you want.

You can use the money for different purposes – for buying equipment, payroll, rent, or whatever. The lender doesn’t inquire about how you will spend the loan.

The amount you can borrow from Fundbox goes up to $100,000, and there is no collateral necessary.

The main features of this type of loan:

  • Loan amount: $1,000-$100,000
  • Term loan: 12-24 weeks
  • Rate: Starts at 4.64%
  • Withdrawal fee: None
  • Repayment Options: Weekly

Like other online lenders, has minimum requirements that a borrower must fulfill in order to get a loan. Still, Fundbox requirements are among the industry’s most flexible. Fundbox competitors expect to see an excellent business score or stable revenue, while Fundbox underwriters are more lenient.

However, it is still important to meet some of the lender’s terms. To qualify for a line of credit at Fundbox, a business should:

  • Be in operation at least 6 months
  • Have annual revenues of at least $50,000
  • Have a credit score of at least 500
  • Have a business checking account or accounting software
  • Be based in the United States, Guam, American Samoa, Northern Mariana Islands, Puerto Rico, or the US Virgin Islands.

Fundbox line of credit reviews reviewed during our research reveal that clients like this service because once you make a payment, your credit line remains in place so you can withdraw the funds again.

Another reason for great customer response is that Fundbox allows you to check the fees each time you decide to draw funds from the account. The rate starts at 4.64% for a 12-week repayment period. The lender doesn’t charge withdrawal fees, and there are no penalties if you pay off your debt early.

Net Terms

Fundbox offers a unique form of invoice financing for small business that it refers to as “Net Terms.” Under this service, your customers enjoy net 30 or net 60 terms on your invoices. However, Fundbox pays you the full invoiced amount immediately. The money generally arrives in your business banking account within two days after you issue the invoice.

Under Fundbox’s Net Terms system, customers pay Fundbox instead of your company. Payment in full is due at the end of the term unless your customer has made an extended financing agreement with Fundbox.

Your customers can pay their invoice amounts in full any time within the 30-day or 60-day term with no finance charge. If they haven’t fully paid the invoice within that time, Fundbox begins charging them by withdrawing payments and service fees from their bank accounts once a week. Fundbox lends up to 100% of your outstanding receivables under its Net Terms service.

This Fundbox invoice financing scheme lets you get money from invoices before your customers pay. You get instant access to revenue that can be used for further investments.

One advantage of Net Terms financing is that you can choose how much of your receivables you wish to finance.

To get invoice financing at Fundbox, a business should:

  • Be in operation at least 6 months
  • Have an annual revenue of $25,000
  • Have a credit score of at least 500
  • Have three months invoicing history in the accounting software
  • Be based in the United States or a US territory or protectorate

Almost all Fundbox reviews on BBB praise this lender for its fast and easy access to funds. The Fundbox login takes only a few seconds, and you can access the money almost immediately.

Fundbox Paycheck Protection Program

Fundbox developed its Paycheck Protection program in response to the Covid-19 epidemic and its effects on small businesses. Payroll Protection loans take advantage of short-term Small Business Administration emergency funding authorized by Congress. Under this program, businesses can borrow the amount of their monthly payroll times 2.5, up to a cap of $10 million.

The interest rate is just 1%, and the loan is forgiven entirely by the SBA if you use at least 75% of the amount to cover payroll costs within eight weeks.

Companies eligible for this program are small businesses with up to 500 employees, independent contractors, and sole proprietors.

Fundbox Application Process

Fundbox reviews agree that this lender has a simple, fast, and transparent application process. The money will be in your account quickly, too. You need only to create an account and provide information about you and your business (name, email, address, business name, years in business). Then you’ll need to connect the account with your accounting software and bank account.

This lets Fundbox representatives review your transactions and decide how much funding you are qualified to receive.

You’ll ordinarily get a loan offer the same day you send the application. After that, you can start using Fundbox funding. It takes just one business day for Fundbox to move money to your bank account.

What information do I need to apply?

  • Your business name
  • Years in business
  • Annual revenue
  • Credit score
  • Bank account

Whether you want to apply for invoice financing or a line of credit, the process is pretty straightforward. You’ll need to connect your invoicing software (Quickbooks, FreshBooks, and may other programs are compatible) or your bank account to your Fundbox account. For lines of credit, Fundbox will check two months of activity on your accounting software or three months of transactions on your bank account.

For invoice financing, Fundbox evaluates your business based on the data in your accounting software. Once your Fundbox loan is verified, you can choose which of the invoices you want to sell. You’ll get the money within one business day.

In-Depth Description of Fundbox Features

Fundbox offers short-term loans ranging between $1,000 and $100,000. The repayment period is 12 or 24 weeks. Borrowers can choose between Net Terms services or revolving lines of credit.

Fundbox is often referred to as one of the best services for invoice financing because of its Net Terms service. Fundbox requirements for creditworthiness are easy to meet, which is the reason thousands of businesses all around the United States choose Fundbox.

The main advantage of using Net Terms services is that you can choose which receivables to accelerate. Also, you can expect funds to appear in your bank account within one business day. If you apply for Net Terms, you must use some of the compatible invoicing software for at least three months.

Here is the list with some of the options you can use: QuickBooks Online, FreshBooks, FreshBooks Classic, QuickBooks Desktop, Sage, Xero, Clio, eBility, and Zoho.

Revolving lines of credit are also simple to get. The amount a borrower can request ranges between $1,000 and $100,000. Fundbox fees start at 4.64%. This type of loan is really easy to apply and qualify for. The minimum annual revenue a business should have is $25,000. However, the lender is unlikely to reject your application even if you have a little less than that.

Loan Amount and APR Details

Whether you are applying for a line of credit or invoice financing, Fundbox allows you to apply for up to $100,000. For both services, the repayment period can be 12 or 24 weeks.

For lines of credit, there are weekly rates with the borrowing fee which starts at 4.64%. If you pay off the debt earlier, there is no repayment penalty.

For Net Terms, the Fundbox rate also starts at 4.64%. Unlike some other online lenders, Fundbox doesn’t charge draw fees.

Eligible and Non-Eligible Businesses With Fundbox

This online lender is good for B2B USA businesses, startups, freelancers, and entrepreneurs. It’s one of the industry’s best choices for those who have been in business a short time or have blemished credit histories. Businesses with $25,000 or less in annual revenue can qualify for Fundbox invoice financing. As for the line of credit, a business should have at least $50,000 in annual revenue.

Fundbox is popular among businesses that are looking for invoice financing services because they are having trouble collecting from customers. Fundbox reviews and information on the lender’s site confirm that once you put Fundbox in charge of collections, you can leave those worries behind.

Fundbox services are available for small businesses based in the United States, American Samoa, North Mariana Islands, Puerto Rico, Guam, and the US Virgin Islands.

Fundbox approves loans for businesses whose owners have low credit scores, but a score of 500 is the practical minimum. Also, the borrower must be in operation for at least six months.

Fundbox Repayment Terms

Fundbox requires weekly payments for both types of financing. Fundbox pricing is based on high interest rates, but the company assesses no origination or closing fees. There are no withdrawal fees for Fundbox revolving lines of credit.

The Bottom Line

Overall, Fundbox is a great choice for B2B companies that are looking for invoice financing services. A simple application process and quick approvals separate this online lender from the rest. Fundbox Glassdoor reviews show that this lender is a great choice for small businesses looking for financial support.

It is also an excellent option for new businesses that have just entered the market and have not yet built up their revenue streams. In fact, this might be one the few lenders that provides services for businesses that are in operation for only six months.

Fundbox complaints from customers tend to focus on the lender’s short repayment period. A term length can’t be longer than 24 weeks, and that means interest rates are higher. This is why many small businesses choose other lenders that have loans similar to Fundbox.


Is Fundbox legit?


Yes, Fundbox is legit. The lender provides financing services to small businesses based in the United States, American Samoa, North Mariana Islands, Puerto Rico, Guam, and the US Virgin Islands.

What is Fundbox?


Fundbox is an online lender that provides two types of financing - invoice financing and revolving lines of credit. According to Fundbox reviews, this lender has supported more than 100,000 businesses across the United States.

Does Fundbox check credit?


Yes, Fundbox checks credit score. However, the lender does only a soft credit pull, meaning that it will not affect your credit.

How does Fundbox work?


The Fundbox application process is simple and fast. The only thing you need to do is connect your accounting software or your bank account with the Fundbox account. The lender will evaluate your business and send you loan offers within one business day.