Fundbox Small-Business Loans: 2021 Review

Fundbox loans can be costly, but they're easy to qualify for and fast to fund.
Steve NicastroJul 8, 2021

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Our Take

Fundbox - Line of credit

Fundbox - Line of credit

Est. APR

10.10 - 79.80%

Min. Credit Score


Pros & Cons


  • Cash can be available by the next day.
  • Low minimum credit score requirement.


  • Rates are high compared to traditional banks.
  • Requires personal guarantee and business lien.

Full Review

Fundbox, an online lender that offers business lines of credit, is best suited to entrepreneurs who need to quickly fill a cash-flow gap.

Fundbox may be a good option for your business if you:

Need very fast cash: Funding is as fast as the next business day.

Don’t meet requirements for other financing: Fundbox requires minimum annual revenue of $100,000 and at least three months of invoicing history with a supported accounting software or business checking account.

Reasons to use Fundbox

Fast access to cash

Once approved, you can immediately request funds. Fundbox then transfers cash to your bank account within one business day, if your request is made before noon Pacific time.

Easy to qualify

Fundbox requires a minimum credit score of 600, lower than other online lenders.

It requires you to connect your accounting software and bank account. The company says its software is compatible with over 14,000 banks and financial services companies and the following accounting software platforms: QuickBooks, FreshBooks, Xero, Harvest, Clio, InvoiceASAP, Sage One, Kashoo and Jobber.

Early repayment flexibility

Fundbox allows you to repay the line of credit early to save on fees, and there is no prepayment penalty for doing so.

Where Fundbox falls short

High cost

The APR on Fundbox’s line of credit ranges from 10.1% to 79.8%, which is higher than traditional banks and some online lenders. Its line of credit is repaid in 12 or 24 equal weekly installments — depending on the frequency you choose — plus a weekly fee, determined by Fundbox’s assessment of your business.

However, you can repay the loan early to save on interest.

Funding tops out at $150,000

Fundbox provides financing of up to $150,000 only, which could be a problem for businesses that need more money. Businesses that need to borrow more than $150,000 may find a better fit with BlueVine, an invoice factoring company that provides up to $5 million. Check out our side-by-side comparison of BlueVine and Fundbox for more information.

Requires personal guarantee and blanket lien

Similar to other lenders, Fundbox requires a personal guarantee for all business lines of credit, which means you’re personally responsible for repayment if your business fails to repay a loan. Borrowers must also agree to a general lien on their business assets to secure the line of credit.

Compare business loans

If you’d like to compare loan options, NerdWallet has a list of small-business loans that are best for business owners. All of our recommendations are based on the lender’s market scope and track record and on the needs of business owners, as well as rates and other factors, so you can make the right financing decision.