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Fundbox: A Startup-Friendly Online Lender With Minimal Fees

Fundbox has some of the most accessible qualification requirements among online lenders. Plus its line of credit can help you build business credit. But interest rates run high and the repayment schedule is aggressive.
Karrin Sehmbi Randa Kriss

Written by

Randa Kriss , Karrin Sehmbi
Randa Kriss ,
Karrin Sehmbi
Sally Lauckner

Edited by

Sally Lauckner
Sally Lauckner

Edited by

Sally Lauckner
Last updated on Apr 14, 2026

Expert verified

Why trust NerdWallet

Advertiser disclosure

Karrin Sehmbi Randa Kriss

Written by

Randa Kriss , Karrin Sehmbi
Randa Kriss ,
Karrin Sehmbi
Sally Lauckner

Edited by

Sally Lauckner
Sally Lauckner

Edited by

Sally Lauckner
Last updated on Apr 14, 2026

Expert verified

Why trust NerdWallet

Advertiser disclosure

Fundbox - Line of credit

The bottom line:

Fundbox loans are a good option for fast access to working capital, especially for startups and business owners with bad credit.

Loan details

Min. Loan Amount

$100

Min. Term Length

3 months

Min. APR

36%

Max Loan Amount

$250,000

Max Term Length

24 months

Max APR

99%

Qualifications

Min. credit score

Min. credit score

600

Min. Time in Business

Min. Time in Business

3 months

Min. Annual Revenue

Min. Annual Revenue

$30,000

Pros & Cons

Pros

    pros icon
    Financing available within two business days after approval.
    pros icon
    Simple application with minimal documentation required.
    pros icon
    Startup-friendly — accepts borrowers with three months in business.
    pros icon
    Low minimum credit score requirement.
    pros icon
    No application fees, inactivity fees, origination fees or prepayment penalties.
    pros icon
    Can be used to build business credit.

Cons

    cons icon
    High rates compared with traditional banks.
    cons icon
    Requires UCC lien and may require personal guarantee.
    cons icon
    Weekly repayments required.
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Min. credit score
600
Min. credit score
570
Min. credit score
625
Min. Time in Business
3 months
Min. Time in Business
6 months
Min. Time in Business
12 months
Max Loan Amount
$250,000
Max Loan Amount
$1,500,000
Max Loan Amount
$200,000
Need more options? Check our picks for best small business loans of 2026
Fundbox is an online lender offering business lines of credit to entrepreneurs who need to quickly fill a cash-flow gap. You can get approved for a line of credit as soon as the same day you apply. Fundbox is known for its flexible eligibility requirements, offering funding to business owners with bad credit or just a few months in business.
But that flexibility doesn’t extend to its repayment terms. You’ll need to make weekly repayments and pay off the loan between 3 and 24 months. Plus, like many online business loans, interest rates on a Fundbox line of credit run high.

Consider Fundbox if you:

  • Need cash fast. With minimal documentation required, you can complete Fundbox’s application and receive a decision the same day. Once your application is approved, funds are available within two business days.
  • Can afford weekly repayments. Fundbox requires weekly repayments debited from your account.
  • Have a fair personal credit score. Fundbox accepts borrowers with a minimum credit score of 600. While underwriting your loan, Fundbox also looks at your business checking account to get a more holistic look at your financial performance.
  • Run a new business. Many lenders require that you have at least one year in business before you’re eligible for financing. With Fundbox, you may qualify for a line of credit with only 3 months in business.
Not a fit? Consider these lenders instead.

How much do you need?

See Your Loan Options

with Fundera by NerdWallet

We’ll start with a brief questionnaire to better understand the unique needs of your business.

Once we uncover your personalized matches, our team will consult you on the process moving forward.

Fundbox line of credit details

Loan amount
Up to $250,000.
Estimated APR range
36% to 99%.
Fees
  • No application fee, account maintenance fee, inactivity or origination fee.
  • No prepayment penalties.
  • Late payment and non-sufficient funds fees may apply in certain cases based on information provided in your loan agreement.
Terms
3 to 24 months.
Repayment schedule
Weekly.
Funding speed
Get approved as fast as the same day and receive funds within two business days. Processing may take a little longer on weekends or holidays and may also vary depending on your bank.

Where Fundbox stands out

Fast access to cash

Fundbox is a good option for businesses that need fast access to working capital. You can complete an application for a line of credit online by providing basic information about your business and connecting your Fundbox account to your business checking account.
Once your application is approved, you can immediately request funds. Fundbox then transfers the cash to your bank account, and you’ll receive your funds within two business days.

Easy to qualify

Fundbox has less stringent qualification requirements compared with other small-business lenders, including both traditional and online lenders.
Whereas many lenders require one year or more in business to qualify for financing, Fundbox only requires a few months in business. This makes its line of credit a good choice for a startup business loan.
Similarly, if you have fair credit (a FICO score of 580 to 669), you may still qualify for a line of credit from Fundbox. Fundbox has a minimum credit score requirement of 600, and it uses data from your credit report and checking account to evaluate your application.
» Do you have bad credit? Check out our top picks for bad credit business loans.

Early repayment flexibility

Fundbox allows you to repay your line of credit early to save on fees, and there is no prepayment penalty for doing so.
Fundbox also does not charge inactivity fees, account maintenance or origination fees.

💬 From our Nerds: No prepayment penalties can be a game-changer

"The ability to pay off your balance early without being charged a penalty — something not all lenders allow — can be a game-changer. If your business experiences a month or quarter of strong revenue, you can choose to clear debt faster and reduce borrowing costs."
This is a headshot of Ryan Brady

Ryan Brady, lead writer, Small Business

Where Fundbox falls short

Can be expensive

The APR on Fundbox’s line of credit ranges from 36% to 99%, which is higher than traditional banks and some online lenders. Its line of credit is repaid in equal weekly installments with amortized fees.

Weekly repayment schedule

Paying a business loan back weekly rather than monthly can be aggressive. You may feel it more acutely in your cash flow.

Limited funding options

Fundbox offers flexible lines of credit, but it doesn’t offer other products, such as equipment financing or SBA loans.
Fundbox also provides financing up to $250,000 only, which could be problematic for businesses that need to make bigger investments. If you’d prefer a different type of business loan or need access to a larger credit line, you’ll want to consider other lenders.

Alternatives to Fundbox

Fora Financial
Fora Financial - Online term loan

Fora Financial

Fora Financial - Online term loan

NerdWallet Rating

4.7

Min Credit

570

Read Review
External link icon Apply now

with Fundera by NerdWallet
If you think a term loan might be a better fit for your business, or if you need a higher amount of capital, Fora Financial offers financing of up to $1,500,000 for business owners with a credit score of just 570 or higher.
While it’s not a line of credit, Fora’s term loan may come with the option to borrow more money after paying back at least 60% of the original loan.
Note, however, that Fora has a slightly higher minimum time in business requirement of 6 months and a much higher annual revenue threshold of $240,000. Additionally, Fora Financial’s repayment schedule may be even more aggressive than Fundbox’s, as it offers only daily or weekly repayment options.
Bluevine
Bluevine - Line of credit

Bluevine

Bluevine - Line of credit

NerdWallet Rating

5.0

Min Credit

625

Read Review
External link icon Apply now

with Fundera by NerdWallet
Bluevine offers a credit line in amounts up to $200,000. Like Fundbox, Bluevine is a good option for businesses that need quick access to capital, with same-day approval and funds available the next business day.
Like Fundbox, Bluevine’s repayment schedule is weekly (unless you’re highly qualified and in business for at least three years, in which case you may qualify for the monthly repayment schedule). But Bluevine’s terms only extend up to 12 months.
» Learn more: Bluevine vs. Fundbox review.
OnDeck
OnDeck - Line of credit

OnDeck

OnDeck - Line of credit

NerdWallet Rating

5.0

Min Credit

625

Read Review
External link icon Apply now

with Fundera by NerdWallet
OnDeck offers a business line of credit of up to $200,000 for borrowers with a minimum FICO score of at least 625. You must have at least 12 months in business and $100,000 in annual revenue to qualify.
Interest rates on the OnDeck line of credit fall into a similar range to Fundbox’s: 39% to 99%. Unlike Fundbox and Bluevine, however, OnDeck allows you to choose weekly or monthly payments and terms of 12, 18 or 24 months.

Frequently asked questions

Yes. Fundbox is accredited by the Better Business Bureau and has an A+ rating. Fundbox’s loans are funded through First Electric Bank, a Utah chartered Industrial Bank and member of the FDIC. The lender also has a 4.7-star rating on Trustpilot.
Yes, Fundbox reports on-time and missed payments to business credit bureaus and may report missed payments to Experian’s consumer credit bureau. This means you have the opportunity to build business credit by using Fundbox's line of credit. However, late or missed payments may negatively affect your personal credit score.
Yes. Fundbox will do a soft pull on your credit score when you apply for a line of credit. This soft pull will not impact your credit score.
When you draw funds for the first time, Fundbox will perform a hard pull, which will temporarily affect your credit.
Fundbox generally requires that you have a personal credit score of 600 or higher to qualify for financing.

Methodology

NerdWallet’s review process evaluates and rates small-business loan products from traditional banks and online lenders. We collect over 30 data points on each lender using company websites and public documents. We may also go through a lender’s initial application flow and reach out to company representatives. NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary.
Our star ratings award points to lenders that offer small-business friendly features, including: transparency of rates and terms, flexible payment options, fast funding times, accessible customer service, reporting of payments to business credit bureaus and responsible lending practices. We weigh these factors based on our assessment of which are the most important to small-business owners and how meaningfully they impact borrowers’ experiences.
NerdWallet does not receive compensation for our star ratings. Read more about our ratings methodology for small-business loans and our editorial guidelines.