Fundbox

Fundbox is a financial technology platform designed to provide small businesses with flexible access to working capital. It offers a business line of credit, allowing businesses to borrow up to $150,000 on an as-needed basis. This line of credit is particularly beneficial for startups and businesses with less-than-perfect credit, as it requires a minimum credit score of 600 and can be accessed with as little as three months in business.

Key features of Fundbox include fast funding, with approval and funding available within one to three business days. The application process is streamlined, requiring minimal documentation and connecting your business checking account or accounting software for underwriting. Repayment terms are typically 12 or 24 weeks, with weekly payments automatically debited from your business account. Fundbox does not charge prepayment penalties, origination fees, or inactivity fees, making it a flexible option for managing cash flow gaps.

Fundbox is suitable for businesses needing quick access to capital for expenses such as payroll, inventory, or unexpected costs. It evaluates creditworthiness by considering both credit reports and financial data from connected accounts, providing a holistic view of a business's financial health. While the maximum credit line is relatively low compared to some competitors, Fundbox's fast funding and flexible eligibility criteria make it a viable option for businesses seeking short-term financial solutions.