Fundbox Invoice Financing

Fundbox Invoice Financing Review

Fundbox Invoice Financing is offered by Fundbox, a financial services company founded in 2013 and based in San Francisco, CA. Fundbox Invoice Financing are available in 50 states (and Washington, DC).

Fundbox Invoice Financing FAQ

What APRs does Fundbox Invoice Financing offer?

The cost of accounts receivable financing is typically calculated as a percentage of the invoice value, which is charged monthly. Pricing varies widely depending on several factors, such as how long you it takes to repay the invoice advance.

Does Fundbox Invoice Financing charge an origination fee?

No, Fundbox Invoice Financing does not charge an origination fee. An origination fee is what some lenders charge for processing, underwriting, and funding a business financing product. Typically fees range from 0.5% to 5% of the total amount advanced. Whenever possible, go with lenders that don’t charge origination fees.

How much cash can you get from Fundbox Invoice Financing?

Fundbox Invoice Financing advances 95% of the total account receivables amounts, with cash amounts start at $100 and go up to $100,000.

What type of invoice collection structure does Fundbox Invoice Financing offers?

What types of invoices does Fundbox accept?

Fundbox Invoice Financing accepts the following invoice type when applying for accounts receivable financing.

• Business-to-business invoices (B2B).

What trade credit terms does Fundbox accept?

Fundbox accepts the following trade credit term. Trade credit terms are usually expressed as Net D, where D stands for the numbers days after which payment of the invoice is expected.

• Net 30 days.
• Net 60 days.
• Net 90 days.

What is the estimated funding time?

Fundbox Invoice Financing can approve (or deny) an application within 1 hour and fund within 1 business day of approval.

What are the business financing requirements for Fundbox Invoice Financing?

To apply for Fundbox Invoice Financing, the borrower needs to provide the following business document:

• Business license
• Business bank account

What limitations does Fundbox Invoice Financing set on the purpose of the loan?

Fundbox Invoice Financing considers accounts receivable financing applications for business purposes, such as:

• Business debt refinance
• Emergency repairs
• Equipment purchase
• Hiring
• Inventory
• Lease improvement
• Marketing
• New location
• Payroll
• Product or service expansion
• Technology investment
• Working capital