Fundbox offers short term business loans based on a business’s receivables. They provide credit limits up to $100,000. We compiled user reviews from around the web and determined that Fundbox has generally positive ratings. We also compared the most popular pricing options for small business owners.
Summary of Fundbox User Reviews
What Fundbox does well:
Users who gave Fundbox positive feedback said that the process was made easy and simple by the company’s professional and helpful representatives.
What Fundbox does not do well:
Users who gave Fundbox negative feedback complained about not being able to change the payment terms to longer periods.
Most Helpful Positive User Review
““Fundbox directly hits at one of the biggest pain points for any small company: revenue generation. They provide an exceptional tool that allows for us to move faster as we wait for clients to pay their tabs. It also allows us to be more flexible with clients, which is beautiful when working to close an important deal with a client you hope to build a long-term relationship with. Fundbox is a much smarter alternative to a traditional loan.””
— Jeremy Gotwals
Most Helpful Negative User Review
““I’ve only made 1 payment and can’t change the terms from 12 weeks to 24 weeks. I was unaware that I wouldn’t be able to change it and then I was told that if I changed it I wouldn’t be able to use Fundbox again.””
— Ryan Shaffer
Fundbox provides small businesses with funding based on their outstanding invoices. Fees start at 4.66% of the draw amount for 12-week repayment. You pay the fees in equal installments over 12 weeks. Fees may vary depending on the terms agreed upon. Use their online calculator to check out how much it will cost you.
|Credit Line||$100 to $100,000|
|Fee||Starts at 4.66% of the draw amount (12-week repayment)|
8.99% of the draw amount for 24 week terms
|Repayment Period||12 and 24 weeks|
Once the financing is approved, the funds will be sent within 2 business days to the business account. Fundbox doesn’t charge repayment fees, which means you can pay back the advance in full before the period has ended, and Fundbox will waive all the remaining fees.
- Free registration
- Receive funds quickly
- Auto repayments
Useful Fundbox Resources
Best Accounts Receivable Financing Companies 2017: Fundbox vs. BlueVine vs. Fluid – Read our buyer’s guide for a comparison of the top accounts receivable financing companies for small businesses. We compare Fundbox vs. BlueVine vs. Fluid to give you an idea of which financing option will work best for your business needs.
How to Improve Your Invoice Factoring Application: A Step-by-Step Guide – Learn about the seven ways to increase your chances of getting approved by a factoring company.
What Are the Best Invoice Payment Terms for Your Small Business – In this article, we’ll help you determine what payment terms to set to get paid faster and establish positive relationships with your customers.
Best Unsecured Business Loans for Small Businesses 2017 – In this article, we’ll review the best unsecured business loans for borrowers who either can’t or don’t want to pledge personal collateral in order to get a business loan.
Extending Credit To Your Customers: A Primer for Small Business Sellers – Understand why extending credit to customers is essential to business growth and how you can use invoice factoring and AR financing to support cash flow.
Fundbox Video Overview
This video shows how Fundbox works.
When choosing a financing solution, it’s important that it integrates with other applications your business is currently using. Here is a list of some of Fundbox’s popular integrations.