fundboxQualifying Factor
PREQUALIFIED
Apply to find best lender for my business
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Reports to: Does NOT report
Payment Terms: Loan Customer Service Description: “ Overcome cash flow gaps. Get paid instantly. Fundbox offers business owners a simple way to fix their cash flow by advancing payments for their outstanding invoices.” Instead of waiting 30, 60 or 90 days to get paid, click any of your outstanding invoices to get the amount transferred to your bank account instantly and securely. You no longer need to wait for your customers to pay you to get the funds you need. Fundbox will purchase your outstanding invoices and will immediately transfer the full amount of each invoice to your bank account. Payments to Fundbox are made automatically on a weekly basis. Simple and secure. To Qualify:
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Cost: Fundbox Pricing
“After agreeing to our terms, your business will get 100% of the invoice value deposited into the business’s bank account. Fundbox makes money by charging the business a fee based on the amount of the invoice sold. Payments are due to Fundbox according to the terms of the invoice sale agreement and are typically due over 12 weeks. Your weekly payment is calculated by adding 1/12 of the invoice value plus the small fee (approximately 0.5% of that same invoice value). The fee varies slightly based on the invoice. However, on a $1,000 invoice, you pay ~$60 in fees over the 12 week period – this equates to ~$5 per week. You can choose to pay the full invoice amount early, at any time, without penalty and all remaining fees will be waived.” |
