Funbox provides capital in the form of business loans and lines of credit to businesses in need. Funbox is affiliated with First Electronic Bank, a Utah chartered Industrial Bank, member FDIC.
Businesses use the additional capital for a variety of needs but Funbox is a quick option that affords them up to $150,000 in business credit that can be qualified for in under 3 minutes.
How to Apply for FundBox Funding
- Visit www.tryfundbox.com
- Enter your Try Fundbox code
- Click the black Apply code button
***If you would like to apply but don’t have a referral code click the Don’t have a code Click here link
You will be taken to the application page when you can enter the following info:
- First name
- Last name
- Email address
- Phone number
- Select password
- Enter average monthly revenue the last 3 months
- Date established
- Click the green Sign Up button
- Enter some basic information about your business
- Connect your accounting software and business checking account
If you are approved for a loan select the following:
- how much you want to borrow
***you will have an approved limit you cannot go over
- Your repayment plan
- Review the fees
- The opportunity for the loan will be open for 30 days
Criteria Needed to Apply for Fundbox Loan
In order to qualify you will need to have the following criteria ready before applying at tryfundbox.com:
- based in the United States
- $100,000 in annual revenue
- in business for at least 6 months
- FICO score over 600
- business checking account
TryFundbox Perks and Benefits
- Receive a fast credit decision
- After approval with a click funds can be withdrawn from Funds account
- Only pay when you draw funds
- Repay early and save
- No application fees
- No subscription fees
- No inactivity fees
- Applying is free
- Applying won’t affect your credit score
Apply for TryFundbox Line of Credit or Business Loan
There are two types of funding that tryfundbox.com offers its business customers which are a line of credit or an actual business loan. Here is a breakdown of the benefits of each:
Benefits of Fundbox Term Loan
- Receive a one-time loan up to your approved limit
- An additional term loan can be taken without reapplying if you’re eligible
- Loan terms are in 24 to 52 week repayment plans
- Funds can be borrowed with no origination fee and repaid early with no prepayment penalty
- Depending on your needs a term loan may be appropriate if you’re looking to upgrade or invest in a one-time huge investment
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Benefit of Fundbox Line of Credit
- Draw funds repeatedly without reapplying
- After repaying draws your available credit is replenished so you can draw again
- Select a 12 or 24 week repayment whenever you draw
- Funds are drawn with no origination fee and repay early with no prepayment penalty
- This option is best for individuals wanting to fund ongoing expenses to bridge cash flow gaps while waiting for outstanding receivables
Term Loans Info
Customers that receive a term loan will have their funds transferred to their bank account the next following business day
Loans can be repaid in equal installments over a 24 or 52 week plan
Make one-time manual payments each month or setup recurring payments
Contact TryFundbox Customer Service
Call 1-855-262-5307
Monday – Friday 8am to 8pm EST
Reference
www.tryfundbox.com