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Fundbox Invoice Financing Review

Rating: 9.3 / 10 (Excellent)
Disclosure: We receive advertising revenue from this partner. Learn more.
Fundbox is an alternative lending platform currently operating out of two offices in San Francisco and Tel Aviv. They focus on giving owners of small businesses access to credit via invoice financing and credit lines, both of which provide customers funds in one business day. There are no origination fees, maintenance fees, or inactivity fees. The company was founded in 2013, has a 5-star TrustPilot rating and an A+ score with the BBB.

How is Fundbox rated?

Breakdown

9/10
Loan Options
10/10
Application Process
9/10
Rates & Fees
10/10
Reputation

Overall Rating: 9.3 / 10 (Excellent)

Fundbox has low maximums of $100,000, short loan terms, and relatively high APRs. However, they are ideal for small businesses who want to get approved without a credit check. The company has no minimum credit score requirement; it only asks borrowers to connect to their business accounting software, in order to verify activity. Fundbox also approves very quickly, making them great for small businesses who have many small outstanding invoices as the company will fund up to 100% of their value. Lastly, Fundbox enjoys a great reputation for customer service and satisfaction.

Loan Options

Available Loan Types

SBA Loans
Term Loans
Lines of Credit
Invoice Financing
Merchant Cash Advances
Equipment Loans

Business Lines of Credit

Min Loan Amount
$1,000
Max Loan Amount
$100,000
Min Term Length
3 months
Max Term Length
6 months
Repayment Terms
Fixed weekly payments

Invoice Financing

Min Loan Amount
$1,000
Max Loan Amount
$100,000
Min Term Length
3 months
Max Term Length
6 months
Repayment Terms
Fixed weekly payments

Loan Options - 8.5 / 10

Fundbox offers business lines of credit and invoice financing. Maximum amounts for both of these small business loan products top out at just $100,000, which is some of the lowest caps of the businesses we rank. Fundbox's repayments terms are somewhat restrictive as well, at 3-6 months in fixed weekly payments. However, the company does allow you to repay early in order to save on fees and lower APRs.

Fundbox Rates & Fees

Lines of Credit

Min. APR
15.0%
Max APR
59.0%

Lines of Credit

Fees: You repay Fundbox's line of credit in 12 weekly payments which include a fee that starts at 4.66%.

Invoice Financing

Min APR
16.4%
Max APR
76.5%

Invoice Financing

Fees: You repay Fundbox's invoice financing loan in 12 or 24 weekly payments. Fees for 12 week plans start at 4.66%. Fees for 24 week plans start at 8.99%.

Rates & Fees - 8.5 / 10

Because of their relatively short terms, in combination with the fact that loan products like lines of credit and invoice financing from alternative lenders are generally costly in the first place, Fundbox's APRs are on the high side. The good news is, borrowers can repay early to minimize fees and lower effective APRs.

Application & Qualifications

Online Application
Approval Time
Get a decision in hours
Funding Time
Funds transfer as soon as the next business day
Additional Qualification Requirements
Connect Bank Account

Application Process - 10 / 10

Fundbox has probably the most lax qualification requirements in the small business loans marketplace. The company has no minimum credit score, minimum annual revenue, or minimum number of employees. All the company asks is that you allow them to connect to your company's accounting software or bank account, in order to assess your business's health. This will require at least six months of activity. Approval can also occur within hours and funding within a day.

Fundbox Reputation

Customer Feedback

TrustPilot Score
9.7 out of 10
BBB Rating
A+
BBB Neutral Reviews
1
Date Collected
2017-08-23

Reputation - 10 / 10

Fundbox has an excellent 9.7 rating on Trustpilot and a BBB accreditation of A+. The company has also been favorably featured in articles by the the New York Times, Forbes, and Wired.

Contact & Additional Information

Homepage URL
Company Phone
(855) 572-7707
Headquarters Address
300 Montgomery St., San Francisco, CA, 94104
Year Founded
2013

Our Partner
9.3 / 10
  • Grow your business with Fundbox Credit
  • 9.7 of 10 on Trustpilot – trusted by industry leaders and business owners
  • No credit pull or minimum revenue requirement
  • Approval in hours, next business day funding, lines up to $100K
  • One transparent weekly fee with no early repayment penalties
  • No paperwork required, simple application process that’s integrated with accounting software

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Fundbox Invoice Financing