“Fundbox is an awesome service! The rates are VERY competitive, and the approval process was extremely quick. My only issue is that the credit limit is not high enough for me. This is a company I would recommend giving it a shot. “I was skeptical at first just like every other user… The fees are very transparent, the terms are fair. The next day, they closed my account… Fundbox, I am really wondering why you ran my credit and requested all my information, reviewed and approved me, only to cancel the next day with no explanation.” “I appliedfor Fundbox and was immediately approved for $21k. Take for instance a few of the reviews shared below from HighYa: However, when it comes to analyzing the experiences and feedback supported by FundBox borrowers then things start to become interesting. FundBox ReviewsįundBox reflects relatively good credibility amongst online review portals due to their legitimacy as a legally operating business with over 70,000 customers to date. on March 19th, 2005 through the GoDaddy, LLC registrar.Īccording to SimilarWeb, reflected a global rank of 201,259 with a US rank of 48,384 as of April 22nd, 2019.ĭetailed in the market intelligence report would be how FundBox once supported an average of 1.4 million visitors per month in October 2018 and November 2018, but since their site has greatly declined and supports just over 312,000 monthly visitors. Domain Insightį was registered by Fundbox Inc. If you wish to repay early to get the line of credit off your mind, FundBox states they you can repay early at any time and they’ll waive all remaining fees, this can be scheduled through the FundBox dashboard.įundBox can also be reached through Facebook and Twitter. Repayments are spread evenly across 12 or 24 weeks while weekly repayments are composed of two parts: a portion of the amount drawn and a simple, flat fee. When a FundBox applicant connects their bank account or accounting software to FundBox, they review your business’s transactions and perform a business health assessment.ĭuring the assessment, FundBox gauges whether they are able to approve you for Fundbox Credit, and if so, what your credit limit is.įundBox currently supports a maximum credit line of $100,000.Īccording to their FAQ, FundBox fees start at 4.66% of the amount drawn while fees are said to vary over time, however, you’ll always know about them before you draw from FundBox supposedly.į states that they do not charge a registration or subscription fee.įunds are estimated to arrive between 1 to 4 business days while the following accounting softwares supported by FundBox are as followed: Second, if approved, you can draw funds at anytime while funds transfer as soon as the next business day. The borrowing process conducted through FundBox is simplified into 3 steps.įirst, you connect your accounting software or business checking bank account to give FundBox insight into your business. **The average FundBox customer earns over $250,000 in annual revenue and has been in business for over a year.** Borrowing Process territories: Guam, American Samoa, Puerto Rico, Mariana Islands, U.S. A business based in the 50 United States or the following U.S.Ideally a minimum annual revenue of $50,000.A minimum of 2 months of activity in a supported accounting software or 3 months of transactions in a business bank account.Prior to applying to FundBox, you should have: However, FundBox now offers invoice financing in addition to lines of credit. Traditionally, FundBox use to only offer advance payments for invoice financing. Were You SCAMMED Online? Recover Your Money Now! Best International Crypto Exchange - Buy/Sell BTC & other Cryptocurrencies
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