
in Business Loans from Fundbox
Claimed Visit Site Get Personalized RatesFundbox Small Business Loans
in Business Loans from Fundbox
Would you recommend Fundbox Small Business Loans to your friends?
Community Rating | Mostly recommended |
Loan Amount | $1,000 - $150,000 |
APR (Fixed APR) | 7% - 59% |
Loan Term (Months) | 6 - 12 months |
Number of Reviews | 6 |
Fundbox Small Business Loans Review
Fundbox Small business loans is a business financing offering by Fundbox, based in San Francisco, CA. Founded in 2013, Fundbox offers access to small business loans in 50 states (and Washington, DC).
What are Fundbox Small business loans’s rates?
Fundbox Small business loans offers a fixed APR business financing product that ranges from 7% APR up to 59% APR.
Does Fundbox Small business loans charge an origination fee?
No, Fundbox Small business loans does not charge a loan origination fee. A loan origination fee is what some lenders charge for processing, underwriting, and funding a business loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.
What limitations does Fundbox Small business loans set on the purpose of the business loan?
Fundbox Small business loans considers business loan 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
What types of small business loans does Fundbox Small business loans offer?
Not all small business loans are made equal. The type of business loan you choose will determine the range of interest rates and terms you receive. Fundbox Small business loans provides access to the following business loan types:
- Lines of Credit
- Invoice Financing
Does Fundbox Small business loans charge prepayment fees?
No, Fundbox Small business loans does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the business loan off early.
How much can you borrow from Fundbox Small business loans?
Business loan amounts start at $1,000 and go up to $150,000.
What is the maximum business loan term you can get with Fundbox Small business loans?
Fundbox Small business loans offers small business loans with terms ranging from 6 to 12 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What do you need to qualify for Fundbox Small Business Loans?
Fundbox Small Business Loans requires companies to be in business for at least 6 months. Businesses must have a minimum annual revenue of $100,000 to be considered.
Applicants with a credit score of at least 600 and up to 850 may be eligible for Fundbox Small Business Loans.The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Fundbox Small Business Loans. Their rates fall within the limits of The Military Lending Act.
U.S. citizens are, of course, eligible for the services offered by Fundbox Small Business Loans. Permanent resident / green card holders are also eligible to apply.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Proof of identity
What is the estimated funding time for a business loan via Fundbox Small business loans?
Fundbox Small business loans can approve (or deny) a business loan application within 1 hour and fund small business loans within 1 business day of approval.
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Contact
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785 Market St.
San Francisco, CA 94103 - (855) 572-7707
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Availability
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- Washington, DC
- Delaware
- Florida
- Georgia
- Hawaii
- Iowa
- Idaho
- Illinois
- Indiana
- Kansas
- Kentucky
- Louisiana
- Massachusetts
- Maryland
- Maine
- Michigan
- Minnesota
- Missouri
- Mississippi
- Montana
- North Carolina
- North Dakota
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- New Hampshire
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- New York
- Ohio
- Oklahoma
- Oregon
- Pennsylvania
- Rhode Island
- South Carolina
- South Dakota
- Tennessee
- Texas
- Utah
- Virginia
- Vermont
- Washington
- Wisconsin
- West Virginia
- Wyoming
Fundbox Small Business Loans Community Reviews
Would you recommend Fundbox Small Business Loans to your friends?
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