Fundbox was founded in 2012 and started offering its product in 2014 with a niche business model of providing advances on outstanding invoices to businesses and freelancers. One of the company's founders, Eyal Shinar, came up with the idea for Fundbox after he watched his mother struggle with cash flow in her staffing business in Israel.

Fundbox's goal is to help small businesses maintain adequate cash flow by reducing the wait time for customers to pay invoices. The company also offers lines of credit options. Fundbox aims to address a more narrow and immediate need: paying business owners for the work they've already done. 

Fundbox offers a hassle-free, easy application process where merchants simply connect their Quickbooks or business checking accounts to Fundbox's platform and then they receive a credit decision in three minutes or less. There is one flat weekly fee and no draw fee, no front-loaded fees, and no pre-payment penalty.

You can find Fundbox reviews below to see how Fundbox funding measures up against other lending options. 

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The Good

  • Fast Credit Decision
  • No Minimum Credit Score Required
  • Flexible Funds

Fast Credit Decision

If you're looking to fund a growth investment or business expense, you know how limited that window of opportunity can be. A slow credit decision process or delayed transfer of funds could make or break that crucial inventory purchase or marketing launch you have planned.

Fundbox has designed a simple application process that gives you a credit decision in under three minutes (based on the median decision time for Fundbox customers), allowing you to make faster, smarter financial decisions with your limited time. The process is: 

  • Sign up in minutes and get a credit decision in hours without paperwork
  • If approved, draw funds for your business at any time
  • Funds transfer as soon as the next business day

According to the company's website, business owners need the following to apply: 

  • A business bank account (specifically a checking account) 
  • At least two months of activity in a supported accounting software or three months of transactions in a business bank account 
  • An ideal minimum of $50,000 in annual income  
  • A business based all 50 states in the U.S. or these U.S. territories: Guam, American Samoa, North Mariana, Islands, Puerto Rico, U.S. Virgin Islands 

After the application process is complete and you are approved for a Fundbox loan, you will receive your loan funds in as little as one business day. 

No Minimum Credit Score Required

Fundbox underwrites Direct Draw business loans--which go up to $100,000--using your business bank account transactions and other business data sources, and determines your eligibility and fee based on that data. Your personal credit score is just one small piece of the equation, and there is not a hard pull until you decide to draw funds, so there is no risk to your score until you've seen your credit limit. 

Flexible Funds

Fundbox makes it easy to use your funds how you want. Stay in control with transparent pricing and funds that you can use for your business, however you see fit. Decide how much you want to draw and choose a 12- or 24-week repayment term. From there: 

  • Pay a simple flat fee only for the weeks you use your funds.
  • Repay early and Fundbox will waive any remaining fees from your 12- or 24-week term. Since fees aren't front-loaded, you save big.
  • When you make a payment, that amount (minus the fees) becomes available again for you to use.
  • You'll always be able to see the full cost of drawing before transacting.

The Bad

  • Limited to the United States
  • Short-Term Financing
  • Fees Vary
  • Small Maximum Loan Amount

Limited to the United States

Currently, Fundbox only offers small business loans to businesses registered in the United States. The company also will not advance funds for outstanding invoices that are in a foreign currency or are being billed to international clients. 

Short-Term Financing

Fundbox offers 12- and 24-week repayment plans. While these repayment terms work well for quicker business investments or expenses, they are not usually suited for longer-term financing needs. 

Fees Vary

Fundbox's flat fees for its business loans vary from business to business depending on the amount you draw, the payment plan you select, and other factors. You will always be able to see the full cost before you confirm a draw. 

Small Maximum Loan Amount

Fundbox only offers up to $100,000 in financing options. With Fundbox funding being limited, small business owners may need to research other short-term financing options from alternative lenders. Many financing companies offer closer to $500,000 or $1 million in funding. 

The Bottom Line

Unlike traditional lending companies, Fundbox has taken the things that matter in your financial decisions and has designed a funding process to match. Its fast credit decisions and flexible funds make it simple for small business owners to seek funding and use new resources for any business endeavor.

At the same time, by taking your total business performance into account and aligning pricing with what's best for your business, you get a fast, straightforward decision and more control over your funding. Fundbox wants businesses to provide their business bank accounts (specifically a checking account), have two months of activity in accounting software or payroll software, have a minimum of $50,000 in annual income, and be based in all 50 U.S. states and/or U.S. territories. Fortunately, Fundbox does not have a personal credit score requirement, unlike many other lenders. 

The company strives to help small businesses maintain good cash flow by lowering the wait time for customers to make invoice payments and it offers lines of credit options. Clearly, Fundbox succeeds when the businesses that use it succeed, and its product reflects that. However, if your business operates outside of the United States and its territories, you're out of luck. Business owners considering funding products should strive to read Fundbox reviews in order to get a better grasp of what the company has to offer. 

View Best Business Loan Providers

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User Reviews

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19 Reviews

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Melanie Koerperich
August 22nd, 2019 DETAILS
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Fundbox was a great tool for us to bridge the gap between invoicing and payroll. We had a few clients who have been late in paying their invoices and Fundbox really helped us out when we needed them. Once the invoices were paid, we were able to repay early with a waiver of the remaining fees. I highly recommend.

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Tino
August 21st, 2019 Burbank, CA

I have a good experience with this company, the app is really simple to use and fast verification to get your capital .

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Tim Tingle
August 21st, 2019 Tuscaloosa, AL DETAILS
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I just wanted to drop a note to let you know how Katelyn B took care of me. She answered all the questions that I had, and helped me navigate through the portal site. She was very helpful and had such a great attitude. She is truly an asset to your company. Tim Tingle Owner Tuscaloosa Fire Equpment, Inc.

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b*factor
August 21st, 2019

Katlyn was most helpful. She made me feel very welcome. There need to be more Katlyn's in the customer service world! Thank you!

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Cantex Dedicated Freight Service, LLC
August 19th, 2019

Easy to use.....and Katelyn is great & informative....and you are inexpensive...36 dollars is cheap per week for 5000.00 loan

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Jason Saulten
August 19th, 2019 Santa Ana, CA DETAILS
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So easy had funds next day highly recommend!

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Mark DeCoursey
August 16th, 2019 Lenexa, KS DETAILS
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Fundbox was there for me when I needed them. They made the entire process super easy and painless. After uploading a few simple documents my money was on its way to my bank. TY, Fundbox!!!

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Kristin Martinez
August 16th, 2019 Bakersfield, CA DETAILS
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Fundbox has made doing business easier and less stressful for us. The process to withdraw funds is fast and simple. The fact that the funds are revolving really helps us have funds when we need them. Our customers often take 90 days to pay, so this resource truly helps us get by in between payments.

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Jennifer Armstrong
August 16th, 2019 North Stonington, CT DETAILS
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It was very easy to apply for and set up. Love that it links to my QuickBooks online! Matthew H my account representative is very responsive and helpful.

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ALEJANDRO
August 14th, 2019 Sun Valley, CA DETAILS
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So easy to setup an account And the process to withdraw and to repay make it the best place to request a business loan.

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Brian Lollie
August 13th, 2019 Richmond Hill, GA DETAILS
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Hello, Everybody or Anyone Reading this Review Right Now! I have to say Running A Small Business Is Very Challenging. I've Been in Business now for 5 Years and Cash Flow, Cash Flow, Cash Flow, is my #1 Problem until today. FundBox has awarded my company an opportunity to inject steroids into my cash flow therefore, Approval Process was very easy and smooth and fair. Thanks, Katelyn Bryant my Account Specialist For making my Experience Awesome! she is Great to work with and very knowledgeable not to mention funny and fun to work with. Brian Lollie

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Chelsey Seaton
August 13th, 2019 Dayton, OH DETAILS
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This is a great tool for my business! Easy to use!

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Tynisha B
August 5th, 2019 Columbia, SC

Katelyn was very knowledgeable and was able to answer all my questions! She took the time to walk me through the all the functions and benefits of Fundbox and I am thrilled she will be our account specialist.

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Hershy from Structure
August 5th, 2019 Brooklyn, NY DETAILS
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We are a construction company based in Brooklyn NY. We were referred to fundbox by a third party lender. Signup was very simple we got approval within hours. Have been using it since. Fabulous and very simple loan and payment program. To top it off my account manager Matthew is extremely knowledgeable and very helpful. Thanks

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Humes c/o Humes McCoy Aviation, Inc.
July 30th, 2019 Atlanta, GA DETAILS
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Let's Talk! My Account Specialist-Katelyn B not only keeps in touch with me to assure my funding needs for daily and future growth, have been and are being met. She took the time to review my website and to learn about my company and our future financial needs for continued growth. Where others were not, Account Specialist-Katelyn B providing approval care of Fundbox is with you. Humes c/o Humes McCoy Aviation, Inc.

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Jerry
July 30th, 2019 Madisonville, KY DETAILS
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Great to work with. Outstanding customer service.

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Chris McCraley
July 30th, 2019 Rego Park, NY DETAILS
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Matthew H was excellent: professional, smart, responsive, attentive, and great to talk to. All around professional. Have had a great experience with your product and with the team. Keep it up, please!

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Wágner dos Santos
August 21st, 2017 Orlando, FL

My experience with FundBox has been incredible, from the first contact to getting funded. With the integration into our QuickBooks account, the process is so simple because they have access to your cashflow snapshot. Plus no early payment penalties. I highly recommend them.

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Kelly Gonsalves
August 4th, 2017 Ridgewood, NY

The employees are super friendly and I absolutely love their funding structure