Fundbox logo

Loan Amounts


$1,000 – $100,000

Loan Term


12 weeks – 24 weeks

APR Range



Min. Credit Score



Editorial Rating

Fundbox logo

Editorial Rating

Fundbox Review

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Loan Amounts


$1,000 – $100,000

Loan Term


12 weeks – 24 weeks

APR Range



Min. Credit Score





Start at 4.64%

Funding Time


24 hours

Founded in



BBB Rating



Min. Revenue





United States, US Territories

Fundbox logo

Editorial Rating

Are you having trouble finding business loans for bad credit? We got a solution: you only need a score of 500 to get funding from Fundbox!

In our Fundbox review you will find the following information:

  • What is Fundbox and who it is best for
  • How to apply for Fundbox’s services
  • Terms and requirements
  • Fundbox reviews from business owners
  • The pros and cons of using Fundbox
  • The costs associated with using Fundbox
  • Frequently asked questions (FAQ) about Fundbox

What Is Fundbox?

Fundbox is a San Francisco-based financial technology company that provides small business owners with capital.

They offer two types of services:

  • Business lines of credit
  • PPP loans.

Who Is Fundbox Best for?

Fundbox is best for business owners that need quick loans and don’t meet the loan requirements of traditional lenders.

Banks and lending platforms with an extensive network of lenders tend to have high borrower requirements which makes it hard for small business owners to get ready access to working capital.

The lowest personal credit score required usually starts at 620. Your personal credit is used to evaluate the risk of lending money, as the personal score shows the likelihood that person will pay their debts. While there are ways to improve your credit score, sometimes business owners need emergency funding.

Other factors that are taken into account include the average monthly payroll cost, your annual revenue, etc.

A lot of lenders also require collateral which comes with serious implications of non-payment.

Lastly, marketplace platforms that work with reputable partner lenders only display the estimated annual percentage rate of the loan, and by reading the loan agreement, borrowers find out that the costs are higher.

Fundbox is a good alternative for business owners that need to borrow money online, but can’t find unsecured loans for bad credit or aren’t meeting the loan eligibility requirements.

Another advantage of Fundbox is that you can use their line of credit to spend only as much as you need — unlike other lenders and banks which require you to borrow a high minimum loan amount.

Note that Fundbox doesn’t provide invoice loans. If you’re in need of invoice factoring, you can consider applying with BlueVine.

Getting started with Fundbox

Fundbox is currently offering Paycheck Protection Program loans.

You can fill out your Paycheck Protection Program application on their official website.

If you meet the requirements, you may be able to get some government funding to help you during the ongoing financial crisis.

To apply for the loan, you will need to create a Fundbox account or if you already have one, you can simply use your Fundbox login credentials to connect it and most of the information will be filled out automatically.

You can read this informative post on which documents you need to apply:

PPP Application Checklist: 12 Documents You Need

If you want to apply for a Fundbox business line of credit, you will again need to create a Fundbox account, or if you have one, to use your Fundbox login details. You will then need to fill out a free application.

Once you’ve created an account on Fundbox, you can use your Fundbox login credentials to browse the website. The resource sections will provide you with useful information about business loans, among which is Fundbox invoice financing, the service no longer available on Fundbox.

Terms & Requirements

The difference between personal loans, business loans, and a business line of credit, is that unlike the first two, the business line of credit is a revolving facility. With a traditional term loan, you will get a lump sum upfront and you will then need to make fixed monthly payments with interest.

With a Fundbox line of credit, you can get funds of up to $100,000.

The qualifications to apply for a business line of credit are the following: 

  • You need to create a Fundbox account
  • You need a business checking account
  • Your business should be based in one of the 50 United States or one of Fundbox’s supported US territories: Guam, American Samoa, Northern Mariana Islands, Puerto Rico, and the US Virgin Islands
  • You need to connect your account to your business accounting software or business bank account
  • You need to have at least two months of activity in supported accounting software or three months of transactions in a business bank account
  • You should have at least $50,000 in annual revenue but you can still apply if you have a little less
  • Minimum credit score — 500

Fundbox supports the following accounting software:

  • QuickBooks Online and Desktop
  • FreshBooks Classic and New
  • Xero
  • Harvest
  • Clio
  • invoiceASAP
  • Kashoo
  • Jobber
  • eBility
  • Zoho

If your accounting software is not supported, you can apply with your checking account instead.

Your credit limit will be determined based on your:

  • Creditworthiness
  • Average monthly revenue
  • Time in business
  • Transaction volume, etc.

Fundbox makes automatic reviews to check if you are eligible for a credit increase.

Rates start at 4.66% for a 12-week repayment plan, but vary by applicant and can be changed over time.

Fundbox User Reviews

We looked up Fundbox reviews online from various sources and we will sum up the good and bad things customers had to say about their experience with Fundbox. We have also included a few screenshots of Fundbox reviews.

Here are good things customers had to say about Fundbox:

  • Fast loan approval
  • Better lending option than banks
  • The funds were deposited within a week.

Here are the bad things customers had to say about Fundbox:

  • A number of  Fundbox line of credit reviews mentioned a credit limit decrease
  • Weekly payments are required.

Fundbox reviews BBB are mainly positive. The company boasts a 4.53-star rating based on 90+ user reviews.

Trustpilot Fundbox reviews are also excellent, with an overall rating of 4.7 stars from more than 2.5k users.


In the following section, we’ll discuss details about Funding pricing and customer support.

Fundbox Rates & Fees

These are the Fundbox fees associated with a business line of credit:

  • Applying to Fundbox is free.
  • Rates start at 4.66%.
  • If you repay early, the remaining fees are waived.
  • No prepayment penalty fees.
  • If you miss a payment, you will be charged a fee.

Privacy & Security

Fundbox collects the following information about you:

  • Account information
  • Business information
  • Purchase information
  • Log files (IP address, Internet service provider, browser type, etc).

The information is used to:

  • Provide you with the services requested
  • Contact you

The information may be shared with:

  • Their affiliates or subsidiaries
  • Third-party service providers

While Fundbox will take adequate measures to protect your personal information, keep in mind that no electronic transmission or storage of data is 100% secure.

Users also have the option to opt out of interest-based ads.

Customer Support

Fundbox’s customer support can be contacted via phone or email. They also have an extensive FAQ section on their website.

Fundbox Alternatives

How does Fundbox compare to other business lenders?

Fundbox Vs. OnDeck

Out of all the other lending platforms we have reviewed, OnDeck is the only other online small business lending company that offers a line of credit.

To qualify for their business loans, you need a score of 600. As a comparison, you need a score of 500 for Fundbox’s line of credit.

Fundbox Vs. LoanBuilder

Another alternative for a business loan is LoanBuilder, which is a PayPal service that provides funding to small businesses.

You need a score of 620 to apply, however you can get loans of up to $500,000, whereas with Fundbox you can only get a line of credit of up to $100,000.

Final Verdict

Now, let’s sum up what we liked and didn’t like about Fundbox.

What we liked the most is the low borrower requirements. It is hard for business owners to borrow money if they have a low score and small yearly revenue. Business loans offered by banks are usually targeted at big businesses and only a fraction of small businesses can get approved.

Another advantage is the fact that business owners can get a smaller amount of money — not everyone needs a big loan. Big loans usually come with a large interest rate and are costly. With Fundbox, you can get a smaller amount or exactly as much as you need. This way, you can avoid paying interest on money you don’t need.

We also noticed that some of the best available lenders don’t waive the interest fee if you repay the loan early, which is not the case with Fundbox.

And lastly, no collateral is required. This can save you from the financial implications that come with failure to repay a loan.

On the flip side, the rates are high, and the maximum credit limit is $100,000. Not all applicants can qualify for the lower rates and if you need a bigger loan, you should go with another lender.

All in all, we recommend Fundbox if you need to borrow money online instantly.

So, start your application process now!


  • Low business loan requirements
  • A fast and easy application process
  • No collateral required
  • No early repayment fees.


  • Frequent payments required
  • The maximum loan amount is $100,000.
Fundbox logo

Editorial Rating


Is Fundbox legit?

Yes, Fundbox is a legitimate company that has an A+ rating with the Better Business Bureau.

Is Fundbox a good lender?

We read a large number of reviews online and most of them were positive. Fundbox also has a 4.7 rating on Trustpilot.

How does Fundbox work?

Business owners can apply for the financial product they need on the official website. Fundbox will then evaluate the application.
To use the line of credit, business owners need to connect their banking account or accounting software to Fundbox. The platform will use this information to reach a decision.

Does Fundbox check credit?

Yes, Fundbox will do a soft pull or a soft inquiry to make a credit decision. The soft inquiry won’t damage your credit score. When you draw funds or make a purchase through Fundbox for the first time, they may do a hard pull or a hard inquiry which has a potential impact to credit score.

Can I get a loan from Fundbox if I have a bad credit score?

Compared to other lenders, Fundbox has low credit score requirements. In order to apply, your credit score should be at least 500.

Is it hard to get a loan from Fundbox?

As Fundbox has lower borrower requirements than most lenders, getting approved for their services is a fast and easy process.

All you need to do is create an account and fill out a short online form providing information about your business. The whole process takes less than a week.

How much can Fundbox lend?

Fundbox offers funds of up to $100,000.

How does Fundbox compare to other lenders?

Fundbox is not a typical lender. Instead of loans, they offer a revolving line of credit and invoice financing.
Another company that offers a line of credit is OnDeck. They also offer term loans, so we suggest checking out our OnDeck review.
Before you decide which lender to go with, make sure you have read Fundbox reviews by other customers as well as reviews of other lending platforms.