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Fundbox Small Business Loans: 2026 Review

Name: Fundbox
Item: Fundbox
Rating: 4.3
Author: Allison Martin

Written by

Allison Martin

Edited by

Pippin Wilbers

Updated on Jan. 1, 2023

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At a glance

4.3

Bankrate Score

Accessibility

Affordability

Customer experience

Transparency

Flexibility

Overview

Founded in 2013, Fundbox helps small business owners access the credit needed to move their companies forward. It currently offers a flexible business line of credit to fair credit borrowers in all 50 states and U.S. territories.

Lender Details

Loan amount

Up to $150,000
Interest rate

N/A
Term lengths

12 or 24 weeks
Min. annual revenue

$100,000
Min. time in business

3 months

Who Fundbox is best for

Fundbox may appeal to borrowers with lower credit scores seeking fast funding solutions. It’s also a good fit if you prefer a streamlined lending experience, minus the massive documentation requirements. You should also generate consistent revenue and be able to repay draws rather quickly if you want to avoid weekly fees.

Who Fundbox may not be best for

Borrowers with good or excellent credit may qualify for more competitive rates elsewhere. Fundbox also isn’t a good fit if you need to borrow more than $150,000. And if you’re looking to build business credit, consider other lenders, as Fundbox does not report positive account activity to the business credit bureaus.

Fundbox: in the details

Loan amount

Up to $150,000

Interest rate

N/A

Term lengths

12 or 24 weeks

Fastest funding

1 business day

Min. annual revenue

$100,000

Min. time in business

3 months

Fees

Weekly fee: 4.66% for 12-week term | 8.99% for 24-week term

Personal credit score

600

Fundbox pros and cons

Pros

Accessible to borrowers with lower credit scores
Soft credit check upon application
Next-day funding available
No prepayment penalties

Cons

Requires personal guarantee
Low maximum loan limit
Short repayment periods

Business loan types offered

Working capital
Equipment financing
Short-Term Loans

Loan quick facts

Amounts: $5,000 to $500,000
Terms: 4 months to 24 months
Factor rate: Starting at 1.10

National Funding working capital loan overview

A working capital loan from National Funding doesn’t require collateral, unlike many other lenders. Repayment terms are short, though. If you need longer repayment period for loans outside of equipment financing, you’ll need to look elsewhere.

National Funding doesn't provide much information on its website, but a spokesperson stated its working capital loans have a personal credit score requirement of 600, which is closer to the lower end of the fair-credit range. These loans have a starting factor rate of 1.10 and origination fees of one percent to three percent.

Factor rates can make it harder to compare loans from other lenders, and even the slightest increase can significantly increase loan costs. A $100,000 loan with a factor rate of 1.10 will cost at least $110,000 ($100,000 x 1.10) while the same loan with a factor rate of 1.5 will cost at least $150,000 ($100,000 x 1.50), not counting additional fees.

Loan quick facts

Amounts: $5,000 to $500,000
Terms: 4 months to 24 months
Factor rate: Starting at 1.10

National Funding working capital loan overview

Loan quick facts

Amounts: $5,000 to $500,000
Terms: 4 months to 24 months
Factor rate: Starting at 1.10

National Funding working capital loan overview

Do you qualify?

Here’s what you’ll need to qualify for a line of credit from Fundbox:

A U.S.-based business that’s been established for at least six months
An ownership stake of at least 25 percent
A personal FICO score of 600 or higher
At least $100,000 in annual revenue
An active business checking account with at least three months of transaction history

You should also know that Fundbox does not fund companies in adult entertainment, online gaming, online gambling, marijuana, firearms, ammunition, nonprofit or financial sectors.

What we like and what we don’t like

Fundbox makes it easy for both startups and established business owners to access working capital.

What we like

Accessible to borrowers with lower credit scores: The minimum credit score requirement is just 600 to qualify for funding.
Soft credit check upon application: You can check your approval odds without impacting your credit score. After approval, Fundbox will conduct a hard credit pull when you first use your credit.
Next-day funding available: Most applicants receive a lending decision in as soon as three minutes, and if approved, funds are often accessible as soon as the next business day.
No prepayment penalties: Fundbox does not charge early repayment penalties if you repay the balance before the loan term ends. In fact, it waives any remaining fees for the rest of the loan term.

What we don't like

Requires personal guarantee: Borrowers must provide a personal guarantee, which is a promise to repay the loan if they default. If you fail to repay, Fundbox could sue you for your personal assets.
Low maximum loan limit: The limit of $150,000 may not be large enough for companies looking to make large purchases or significant investments.
Short repayment periods: You'll have to repay each draw within 24 weeks at the most. If your cash flow is inconsistent and you borrowed a large amount, keeping up with weekly payments could be a challenge.

How Fundbox compares to other lenders

4.3

Bankrate Score

Loan amount

Up to $150,000
Interest rate

N/A
Term lengths

12 or 24 weeks
Min. time in business

3 months
Min. business annual revenue

$100,000

4.4

Bankrate Score

Loan amount

$5,000-$500,000
Interest rate

Starting at 1.1 Factor rate
Term lengths

Up to 60 months
Min. time in business

12 months
Min. business annual revenue

$100,000

Read our review

on Bankrate

4.5

Bankrate Score

Loan amount

$10,00-$25 million
Interest rate

7.49%
Term lengths

6 months-30 years
Min. time in business

24 months
Min. business annual revenue

$50,000

Read our review

on Bankrate

Fundbox vs. lender 1

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Fundbox vs. lender 2

How to apply for a loan with Fundbox

When you’re ready to apply for funding, visit the website and select the “Apply” button found on the right header. You’ll need to provide at least one of the following:

Access to accounting software or business checking account
Copy of most recent tax return (if you’re not using one of the above options)
Authorization for a soft credit pull

Customer support is available by phone and email Monday through Friday from 8 a.m. to 8 p.m. EST. Call 855-572-7707 or send an inquiry to support@fundbox.com.

Fundbox FAQs

Fundbox is accredited by the Better Business Bureau (BBB) with an A+ rating. Since 2013, more than 500,000 business owners have used the platform to access over $3 billion in working capital.
Fundbox lists its eligibility guidelines on the website. There are no guarantees you’ll get approved if you meet them all, but its loan requirements are lower than those of many traditional lenders.
Your company should be at least six months old and be based in the US to qualify for funding. You'll also need a 600 personal credit score, $100,000 or more in annual revenue and an active business checking account with three or more months of transaction history.
Fundbox conducts a soft credit check to determine your eligibility for a business line of credit. If you are approved and begin using the line of credit, you will undergo a hard credit check that could ding your score by a few points.

How Bankrate rates Fundbox

Overall Score	4.5
Accessibility	4.6	Though Fundbox’s max amount could be higher, they get points for fast funding and a low minimum amount.
Affordability	4.4	Fundbox’s starting rate is reasonable, though its weekly fees make comparison with other lenders tricky.
Transparency	4.4	Fundbox discloses its eligibility requirements, though it doesn’t report payments to credit bureaus.
Customer experience	4.6	This lender gets points for its highly rated app and its online application.
Flexibility	4.6	Fundbox’s website mentions term loans but it’s unclear whether they’re available yet.

Methodology

years in business

30+

lenders reviewed

loan features weighed

770+

data points collected

To select the top small business lenders, Bankrate considers more than 20 factors. These factors include loan amounts, approval and funding times, credit requirements, APR or factor rate ranges, fees, and easy-to-find rate and fee disclosures. Bankrate reviewed more than 30 lenders and gave each a rating, which consists of five categories:

Accessibility: Factors considered in this category include minimum loan amounts, approval and funding speed, minimum annual revenue and minimum credit score.
Affordability: This section measures interest or factor rates and fees.
Transparency: How easy it is to find important rates, fees and eligibility requirements are considered in this category.
Customer experience: Customer service hours, online applications and app availability are considered in this category.
Flexibility: This category considers factors like the number of loan products and ability to change payment due date.

Editorial disclosure: All reviews are prepared by Bankrate.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the lender’s website for the most current information.

Fundbox Small Business Loans: 2026 Review

The Bankrate promise

At a glance

Overview

Lender Details

Who Fundbox is best for

Who Fundbox may not be best for

Fundbox: in the details

Fundbox pros and cons

Pros

Cons

Business loan types offered

Working capital

Equipment financing

Short-Term Loans

Loan quick facts

National Funding working capital loan overview

Loan quick facts

National Funding working capital loan overview

Loan quick facts

National Funding working capital loan overview

Do you qualify?

What we like and what we don’t like

What we like

What we don't like

How Fundbox compares to other lenders

Fundbox vs. lender 1

Fundbox vs. lender 2

How to apply for a loan with Fundbox

Fundbox FAQs

Is Fundbox a legit company?

Is it hard to get approved for Fundbox?

What are the minimum requirements for Fundbox?

Does Fundbox run your personal credit?

How Bankrate rates Fundbox

Methodology

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