Fundbox
Fundbox offers cash advances based on your outstanding invoices.
Excellent 9.8/10
417 reviews 

To sign up for a free Fundbox account, you just have to connect Fundbox with your accounting software (see the list above). Once you’re connected, you will see unpaid invoices that are eligible for Fundbox to advance. If you’d like the funds, you simply select that unpaid invoice and you’re able to “clear” that invoice and receive an advance for the full amount transferred automatically to your bank account.

NO AFFECT TO YOUR CREDIT SCORE

What DOES

Fundbox

OFFER?

Fundbox offers cash advances based on your outstanding invoices.

What Do I Need

to Qualify?

  • Unpaid B2B Invoices

  • Accounting Software

  • Annual Revenue: N/A

  • Credit Score: No Check Done

  • Business Age: 3 months+

  • Profitability: No

 

HOW DO I APPLY?

To sign up for a free Fundbox account, you just have to connect Fundbox with your accounting software (see the list above). Once you’re connected, you will see unpaid invoices that are eligible for Fundbox to advance.

Apply Here with Fundbox

Fundbox Financing at a Glance

Fundbox might have one of the least complicated—and quickest—underwriting processes of any financing company out there. Their number one goal is to help business owners better control their cash flow, so they make the entire experience as simple as possible.

loan amount

$100 to $100,000

Loan Term

12 weeks  

LOAN rates

Approx. 0.5% of the invoice value per week

speed

Fundbox can fund an application in 1 to 5 days.

On average, Fundbox funds applications in 1 day.

Fundbox cannot work with the Business types below:

  • That don’t invoice their customers

  • That sell B2C

Other Important Eligibility Factors for Fundbox:

  • Fundbox can work with any entity type.

  • Fundbox requires you to use one of the following accounting softwares: QuickBooks Online, QuickBooks Desktop, Freshbooks, Harvest, Wave, Xero, SageOne, InvoiceASAP, or Clio

  • Fundbox will not check your credit score.

You’ve Reviewed Fundbox.

Are You Ready to Apply?

Getting Started With Fundbox 

Fundbox might have one of the least complicated—and quickest—underwriting processes of any financing company out there.

To sign up for a free Fundbox account, you just have to connect Fundbox with your accounting software (see the list above). Once you’re connected, you will see unpaid invoices that are eligible for Fundbox to advance. If you’d like the funds, you simply select that unpaid invoice and you’re able to “clear” that invoice and receive an advance for the full amount transferred automatically to your bank account.

When it comes to defining an eligible invoice, Fundbox rarely will fund an overdue invoice. However, keep in mind they do underwrite each invoice separately.

Once Fundbox is hooked up to your accounting software, it really starts to act like a line of credit more than anything else. When you keep your Fundbox account connected, you’ll always know what invoices are eligible for advances.

Most Customers who qualified had 

Annual Revenue
Not A Factor
Time in Business
Over 3 Months
Credit Score
No Check Done 

What your business will need to apply? 

  • Outstanding accounts receivable for your business customers

  • An accounting software such as QuickBooks Online, QuickBooks Desktop, Freshbooks, Harvest, Wave, Xero, SageOne, InvoiceASAP, or Clio

Find out how much funding you qualify for with Fundbox?

What you should know about Fundbox

  • Fundbox doesn't have a set remittance schedule, but borrowers must pay back the advance and fees in 12 weeks.

  • Fundbox will waive all remaining fees if you choose to pay your advance early.

  • Fundbox does not report to the personal credit bureaus or the business credit bureaus.

  • Fundbox can fund an application in 1 to 5 days. On average, Fundbox funds applications in 1 day.

  • Fundbox does not have any additional fees outside of the clearing fees.

  • Fundbox will not put a lien on your business.

  • Fundbox will not require a personal guarantee

Want to know which Equipment Financing Lenders Offer the Best Rates?

Fundbox Reviews: The Underwriting Process

Fundbox might have one of the least complicated—and quickest—underwriting processes of any financing company out there.

Their number one goal is to help business owners better control their cash flow,

so they make the entire experience as simple as possible.


To sign up for a free Fundbox account, you just have to connect Fundbox with your accounting software (see the list above). Once you’re connected, you will see unpaid invoices that are eligible for Fundbox to advance. If you’d like the funds, you simply select that unpaid invoice and you’re able to “clear” that invoice and receive an advance for the full amount transferred automatically to your bank account.

When it comes to defining an eligible invoice, Fundbox rarely will fund an overdue invoice. However, keep in mind they do underwrite each invoice separately.

Once Fundbox is hooked up to your accounting software, it really starts to act like a line of credit more than anything else. When you keep your Fundbox account connected, you’ll always know what invoices are eligible for advances. When you need the cash, you can clear an invoice and pay it back over the 12 weeks or even earlier if you want—and save on the fees.

Fundbox Reviews: Post-Funding

If you decide to take funding with Fundbox, you’ll be able to keep up with everything in your Fundbox dashboard.

One full week after you receive your funds, you’ll be debited for your first payment on Wednesday and every Wednesday thereafter for 12 weeks, unless you choose to pay back your advance early.

Once you’ve worked with Fundbox once, it is very simple to work with them again. You are able to clear more invoices in the future, easily, thanks to their integration with your accounting software.

Fundbox Reviews: Why Work With Them?

 

Fundbox is a great lender if you’re looking for invoice financing. They have one of the quickest and most automated processes out there. Another advantage is that their fees and terms are very straightforward: you pay back the advance in 12 weeks and know exactly what the fee will be per week. As well, they’re the only invoice financing company out there that will advance you 100% of your invoice.

With Fundbox, they will not take over collecting from your customer like many invoice financing companies will. You’ll get to stay in control of your customer experience.

Beyond ease-of-use, Fundbox is great for younger business or business owners that might not have good credit and can’t get funds elsewhere. As they do not check your credit score and only require 3 months in business, neither of these will be a barrier to you getting approved.

Lastly, if you’re unsure if invoice financing is the option you want to go with but you know you need cash fast, Fundbox is one of the fastest options out there, even compared to something like a short-term loan. They can often deliver funds in under a day.

Fundbox Reviews: When Are They Not a Fit?

For starters, Fundbox isn’t a fit for the obvious reasons: you don’t invoice your customers, your customers are consumers and not businesses, or you don’t use one of their required accounting softwares.

If you check of all these 3 boxes, the next thing to figure is how Fundbox stacks up against other invoice financing options. Their process is one of the easiest. The only downside (in comparison to other invoice financing options) is that you have to pay back the advance in 12 weeks, whether or not your customer paid their invoice. If you’re not sure you can do that, Fundbox might not be your best option.

The last question to ask is whether invoice financing in general is the right option for you. No matter what, you should always go with the lowest-cost business loan for your business. Be sure to compare invoice financing alongside other products, like a term loan or line of credit. These two small business loans tend to have lower APRs than invoice financing companies.

The information contained on this page was sourced from fundera.com. We are not in anyway affiliated with fundera.com.This page is for informational purposes only.

READY? Its Free - Prequalify without affecting your credit score 

11721 Whittier Blvd, 

Whitter, CA 90601

Ste 212

© 2016 by

LendingMatchup.com