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The Best Fundbox Competitors & Alternatives 2024

These vendors offer business lines of credit similar to Fundbox, but each also has a distinct advantage that sets it apart.

    Chris Motola
  • Last updated onUpdated

  • Shannon Vissers
  • REVIEWED BY

    Shannon Vissers

    Lead Staff Writer

Advertiser Disclosure: Our unbiased reviews and content are supported in part by affiliate partnerships, and we adhere to strict guidelines to preserve editorial integrity.

Fundbox (Fundbox review) offers quick access to flexible, short-term lines of credit for small businesses, and is one of our favorite lenders here at Merchant Maverick. However, some businesses may need a Fundbox alternative.

Fundbox provides credit decisions in just minutes, and if approved, you can immediately initiate your first draw and have cash in your bank account in as little as one business day. You don’t need great credit to qualify, so businesses that have trouble qualifying elsewhere may have success in obtaining a Fundbox loan. However, Fundbox’s maximum repayment term is short — just 24 weeks — and the maximum amount you can borrow is only $150,000, which may not be sufficient to meet expenses.

Whether Fundbox doesn’t quite fit your needs, your application has been denied, or another lender can offer you a better deal, we can help you find a good alternative to Fundbox.

Learn More About Our Top Picks

CompanyBest ForNext StepsBest For
Lendio

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  • Term loans, short-term loans, lines of credit, merchant cash advances
  • FICO: No minimum (550+ recommended)
  • APR: Varies by lender
  • Term loans, short-term loans, lines of credit, merchant cash advances
  • FICO: No minimum (550+ recommended)
  • APR: Varies by lender

Apply Now

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Kabbage Loans

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  • Lines of credit
  • FICO: 660+
  • Interest rate: 3%+
  • Lines of credit
  • FICO: 660+
  • Interest rate: 3%+

Apply Now

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OnDeck

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  • Term loans & lines of credit
  • FICO: 625+
  • APR: 29.9%+
  • Term loans & lines of credit
  • FICO: 625+
  • APR: 29.9%+

Apply Now

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Funding Circle

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  • Term loans & lines of credit
  • FICO: 660+
  • Interest rate: 4.99%+
  • Term loans & lines of credit
  • FICO: 660+
  • Interest rate: 4.99%+

Apply Now

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LoanBuilder

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  • Short-term loans
  • FICO: Not disclosed
  • Flat fee: 2.9%+ of borrowing amount
  • Short-term loans
  • FICO: Not disclosed
  • Flat fee: 2.9%+ of borrowing amount

Visit Site

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BusinessLoans.com

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  • Term loans, short-term loans, lines of credit, merchant cash advances
  • FICO: No minimum
  • APR: Varies by lender
  • Term loans, short-term loans, lines of credit, merchant cash advances
  • FICO: No minimum
  • APR: Varies by lender

Visit Site

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Read more below to learn why we chose these options.

The Top 6 Fundbox Alternatives

The best Fundbox competitors offer similar quality and convenience while offering alternative approaches to small business funding. Here are our picks for the top six Fundbox alternatives.

Compare Fundbox Alternatives

Term LengthsMinimum Time In BusinessRevenue RequirementsCredit Score RequirementsBorrowing Amounts
Lendio3 months - 10 yearsN/AN/AN/A$1,000 - $5 million
Kabbage Loans6, 12, or 18 months12 months$3,000 per month660$2,000 - $250,000
OnDeckUp to 24 months (term loans); up to 12 months (lines of credit)1 year$100,000 per year625+$5,000 - $250,000
Funding Circle6 months - 7 years660$50,000 per year660+$25,000 - $500,000
LoanBuilder17 weeks - 1 year9 months$33,000 per yearNot disclosed$5,000 - $150,000
BusinessLoans.com3 months - 5 years6 months$100,000 per yearN/A$5,000 to $3 million

Lendio: Best Marketplace Alternative To Fundbox

Total Rating 4.8
Rates & Fees5.0

Services5.0

Eligibility Requirements4.9

Application4.5

Sales & Advertising Transparency4.4

Customer Service4.9

User Reviews4.9



Pros

  • Apply to multiple lenders with one application
  • Variety of funding options
  • High borrowing amounts

Cons

  • Funds take awhile to disburse

Why Lendio's Marketplace Can Offer You More Options Than Fundbox

If you’ve found Fundbox’s offerings to be too restrictive, you can save yourself a lot of time by using a service like Lendio. With just one application, you can receive offers from over 75 lenders, making it easy to find the best loan for your situation. There's no guarantee you'll get a better offer than you would from Fundbox, but Lendio can, at least potentially, offer better rates and terms.

Additionally, Lendio’s network offers more than just lines of credit and is more likely to be able to accommodate your specific circumstances. Just be aware that it will probably take longer to get your funds.

Unless you fall squarely into Fundbox's niche, we think there's little downside to throwing an application at Lendio to compare your options.

Lendio Services

Lendio offers a variety of funding options, including:

  • Short-term loans up to $500,000
  • Term loans up to $2 million
  • Lines of credit  up to $500,000
  • Merchant cash advances up to $200,000
  • SBA loans up to $5 million
  • Equipment financing up to $5 million

Lendio Rates & Fees

Lendio’s rates and fees vary depending on the lender you are paired with and the specific product you are offered. For example, merchant cash advances will generally be more expensive than term loans. Your credit rating will likely also affect the rates you are offered.

Lendio Eligibility Requirements

Because Lendio works with a network of lenders, eligibility requirements vary from lender to lender. However, Lendio does recommend a credit score of 550 or higher to increase your chances of getting an offer.

When To Use Lendio Over Fundbox

  • You need something other than a line of credit
  • Your credit score is below 600
  • You need to access high borrowing amounts

Get Started With Lendio

Read our in-depth review

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Kabbage Loans: Best Line Of Credit Alternative

Kabbage Loans

Total Rating 3.6
Rates & Fees4.2

Services2.8

Eligibility Requirements4.0

Application3.5

Sales & Advertising Transparency4.0

Customer Service3.1

User Reviews3.0



Pros

  • No extra fees
  • Funds are disbursed quickly
  • Flexible term lengths

Cons

  • Information is scattered across company website
  • Rates can be expensive

Why American Express Blueprint Might Be A Better Line Of Credit For Some Businesses

American Express Blueprint (formerly Kabbage) offers a business line of credit similar to Fundbox, but with a little more flexibility when it comes to term lengths. We appreciate that American Express doesn’t charge origination fees or maintenance fees, so you’ll only incur costs on the money you’re using. American Express Blueprint is also a potentially cheaper option than Fundbox.

Note that American Express does have minimum withdrawal amounts, which can vary depending on the term length of your line of credit.

American Express Blueprint Services

American Express offers lines of credit up to $250,000 with term lengths of 6, 12, or 18 months.

American Express Blueprint Rates & Fees

American Express Blueprint charge a fee for each month in which you have an outstanding balance. Total fees accumulated over the life of the credit line generally breakdown as follows:

  • 3-9% for 6-month lines
  • 6-18% for 12-month lines
  • 9-27% for 18-month lines

American Express Eligibility Requirements

Eligibility for American Express Lines of Credit are as follows:

  • 12+ months in business
  • 660+ FICO score
  • $3,000 per month in revenue

When To Use American Express Blueprint Over Fundbox

  • You have good credit
  • Your revenue is less than $100,000 year
  • You want a longer term length

Get Started With Kabbage Loans

Read our in-depth review

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OnDeck: Best Fast Funding Alternative To Fundbox

Total Rating 3.9
Rates & Fees4.6

Services2.9

Eligibility Requirements3.8

Application4.5

Sales & Advertising Transparency3.8

Customer Service4.1

User Reviews4.0



Pros

  • Multiple types of financing available
  • Application process is fast & easy
  • Funds are disbursed quickly

Cons

  • Rates can be expensive
  • Not available to some industries

We We Chose OnDeck As A Fast-Funding Alternative To Fundbox

OnDeck is similar to Fundbox in many ways. This alternative lender offers a quick and simple online application that can deliver a decision in just a few minutes, and you can receive your funds as soon as the same day.

While OnDeck has slightly more stringent qualifications, we find it offers more flexibility with an additional product option (term loans) and higher borrowing amounts.

OnDeck Services

OnDeck offers term loans up to $250,000 with repayment terms of up to 24 months. OnDeck also offers lines of credit up to $100,000 with repayment terms up to 24 months.

OnDeck Rates & Fees

For OnDeck’s term loans, APRs range from 29.9% to 97.3%, with most borrowers paying an average of 55.8%. An origination fee of up to 5% may apply.

OnDeck’s lines of credit have APRs that range from 29.9% to 65.9%, with the average borrower paying about 52.6%. There are no origination fees, but a $20 monthly maintenance fee will apply to most borrowers.

OnDeck Eligibility Requirements

OnDeck’s eligibility requirements are as follows:

  • 1+ years in business
  • 625+ credit score
  • $100,000+ per year in revenue

When To Use OnDeck Over Fundbox

  • A term loan is a better fit for your needs
  • You need to borrow more than $150,000
  • You need a longer term length

Get Started With OnDeck

Read our in-depth review

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Funding Circle: Best Fundbox Alternative For Mature Businesses

Funding Circle

Total Rating 4.2
Rates & Fees4.6

Services4.0

Eligibility Requirements3.8

Application4.3

Sales & Advertising Transparency4.8

Customer Service4.5

User Reviews3.2



Pros

  • Monthly repayments
  • No prepayment penalty
  • Long-term financing available

Cons

  • Origination fees may be high
  • Not available to some industries

Why Funding Circle Is A Better Lender For Mature Businesses Than Fundbox

Small businesses seeking a longer-term alternative to Fundbox may want to consider Funding Circle. With terms ranging between 6 months to 7 years, you’ll have plenty of time to pay back your loan. Even better, we've found Funding Circle's rates to generally be lower, and there's no prepayment penalty for paying it off early.

Funding Circle also offers a line of credit if you'd prefer more flexible financing comparable to Fundbox.

Funding Circle Services

Funding Circle offers term loans up to $500,000 with terms of up to 7 years. It also offers lines of credit up to $250,000.

Funding Circle Rates & Fees

Interest rates on Funding Circle term loans and lines of credit start at 4.49%. You can also expect an origination fee of 4.49% to 10.49% on term loans and a draw fee of 1.6% on lines of credit.

Funding Circle Eligibility Requirements

Funding Circle’s eligibility requirements are as follows:

  • 2+ years in business
  • 660+ credit score
  • $50,000 per year in revenue

When To Use Funding Circle Over Fundbox

  • You need long repayment terms
  • A term loan would serve you better than a line of credit
  • You have good credit

Get Started With Funding Circle

Read our in-depth review

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LoanBuilder: Best Short-Term Loan Alternative To Fundbox

Total Rating 3.5
Rates & Fees4.1

Services2.9

Eligibility Requirements3.4

Application3.8

Sales & Advertising Transparency3.8

Customer Service2.8

User Reviews4.1



Pros

  • Borrower qualifications are lower than banks
  • No extra fees
  • Funds are disbursed quickly

Cons

  • A blanket lien is required
  • Not available to businesses in some industries

Why LoanBuilder Is A Great Short-term Loan Alternative To Fundbox

LoanBuilder is a fast and easy-to-understand financing service offered by PayPal. Dealing exclusively in fast, short-term loans, LoanBuilder is a great way to get funding quickly with minimal extraneous fees.

Newer businesses, especially, will appreciate that LoanBuilder is willing to work with businesses as young as 9 months old.

LoanBuilder Services

LoanBuilder offers short-term business loans of $5,000 to $150,000. Loans are repaid over 13 to 52 weeks.

LoanBuilder Rates & Fees

LoanBuilder’s flat rates range from 2.9% to 18.72% of the amount borrowed.

LoanBuilder Eligibility Requirements

LoanBuilder’s eligibility requirements are as follows:

  • 9 months in business
  • $33,300+ per year in revenue

LoanBuilder doesn’t currently disclose credit score requirements, but in the recent past they were 620+.

When To Use LoanBuilder Over Fundbox

  • A short-term loan is a better fit for your needs
  • You’re in an industry served by LoanBuilder
  • You need a slightly longer repayment term

Get Started With LoanBuilder

Read our in-depth review

Jump back to comparison chart

BusinessLoans.com: Best Fundbox Alternative For Borrowers With Bad Credit

BusinessLoans.com

Total Rating 4.0
Rates & Fees4.6

Services4.0

Eligibility Requirements4.1

Application3.0

Sales & Advertising Transparency3.6

Customer Service4.1

User Reviews4.4



Pros

  • High borrowing amounts
  • No minimum credit score
  • Quick & easy application

Cons

  • Funding can take awhile to disburse
  • Limited fee & rate information provided

Why BusinessLoans.com Is The Best Fundbox Alternative For Businesses With Bad Credit

BusinessLoans.com is a lending marketplace that offers funding options for businesses that may have had difficulty getting capital from other sources. With no minimum credit score and a minimum of 6 months in business needed to apply, we've found that small businesses stand a pretty good chance of getting funded.

Additionally, BusinessLoans.com offers more product types than Fundbox, and with much higher borrowing limits.

BusinessLoans.com Services

BusinessLoans.com connects borrowers to a variety of funding types, including:

  • Short-term loans
  • Long-term loans
  • Lines of credit
  • Merchant cash advances

BusinessLoans.com Rates & Fees

Rates and fees vary based on the lender and financial product you qualify to receive.

BusinessLoans.com Eligibility Requirements

BusinessLoans.com preferred qualifications are as follows:

  • 6 months in business
  • $100,000+ per year in revenue

Note that BusinessLoans.com may still be able to serve businesses that can’t meet these preferred traits.

When To Use BusinessLoans.com Over Fundbox

  • You have poor credit
  • You need to borrow more than $150,000
  • You’d like to apply to multiple lenders through a single application

Get Started With BusinessLoans.com

Read our in-depth review

Jump back to comparison chart

Business Loan & Funding Products Review Methodology

We spend hours researching and evaluating each business loan and funding product that we review at Merchant Maverick, placing special emphasis on key characteristics to generate our ratings.

When rating lenders and funding providers, we use a 31-point rubric that looks at rates and fees, services, eligibility requirements, application, sales and advertising transparency, customer service, and user reviews. We weigh each section differently to calculate the total star rating. This rubric is applied to traditional term loans, as well as short-term loans, start-up loans, lines of credit, online lending products, merchant cash advances, and equipment financing products.

  • Rates & Fees: 20% of the total star rating
  • Services: 20% of the total star rating
  • Eligibility Requirements: 20% of the total star rating
  • Application: 15% of the total star rating
  • Sales & Advertising Transparency: 10% of the total star rating
  • Customer Support: 5% of the total star rating
  • User Reviews: 5% of the total star rating

Each section is further broken down into granular, weighted subsections, in which we examine specific attributes like terms lengths, conditions of repayment, credit score and revenue requirements, ease of application, length of time to funding, the ethics involved in promoting the lending product, customer support, and the overall reputation of the lender or funding provider.

Read more about how we rate small business lenders.

How To Choose The Right Fundbox Alternative

Even with an overview of some highly-rated Fundbox alternatives, you still have a bit more work to do.

Finding the right lender for your business is a multi-step process. You may have already completed some of these steps, but it’s important to go over them to make sure you didn’t miss anything before you start applying.

Here are the main steps you’ll need to take before choosing a Fundbox alternative:

Determine If A Line Of Credit Best Suits Your Needs

Lines of credit allow you to draw against a credit limit within a specified period. You then pay interest on the amount of credit you’ve utilized.

Lines of credit are more flexible than term loans since you can assert a finer amount of control over how much money you receive. On the other hand, they can often come with more complexity and fees than comparable term loans. If you simply need a lump sum of cash, lines of credit can be overkill.

Determine How Much Money You Need

Fundbox offers a fairly low maximum borrowing amount of $150,000. If you think you’ll need more capital than that, you’ll probably want to start looking at alternatives immediately.

Figure Out How Long You Need To Pay Your Loan Back

Fundbox’s maximum repayment term is short — just 24 weeks. That can be a punishing repayment schedule for some businesses. If you think you need more time to pay back your loan, you should consider a lender that offers term loans.

Check Your Credit Score

Fundbox has a relatively low FICO credit score requirement of 600, which makes it an accessible option for most borrowers. However, if your credit score is lower, you’ll need to consider a lender that works with poor credit. Likewise, if your credit score is considerably higher, you may qualify for a product with better rates.

Apply And Compare Offers

It’s not a bad idea to apply to multiple lenders (or use a loan marketplace to save time) so that you can compare offers and accept the best one.

You will, however, want to check and see if the lender performs a hard or soft pull on your credit before extending an offer. Hard pulls, especially in close proximity, can temporarily lower your credit score.

Is Fundbox The Best Option For Your Small Business?

Fundbox provides credit decisions in just minutes, and if approved, you can immediately initiate your first draw and have cash in your bank account in as little as one business day. You don’t need great credit to qualify, so businesses that have trouble qualifying elsewhere may have success in obtaining a Fundbox loan. However, this comes with a trade-off of a short repayment window, low borrowing amounts, and potentially high rates.

The lenders above should give you a great starting point for researching alternatives. For additional options, check out our picks for best small business loans and best lines of credit for businesses.

FAQs: The Best Fundbox Competitors & Alternatives 2024

Is it hard to get approved for Fundbox?

Fundbox’s qualifications are fairly lenient. You’ll need a minimum credit score of 600 and $100,000 per year in revenue. You’ll also need to have been in business for at least 6 months and have a business checking account.

Does Fundbox affect credit score?

Fundbox only does a hard pull on your credit after you accept your offer. This can potentially impact your credit score. However, Fundbox will only do a soft pull on your credit when you apply. Fundbox does not report to credit bureaus, so it’s not suitable for building up your credit rating.

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Chris Motola

Chris Motola

Senior Staff Writer at Merchant Maverick
Chris has been writing about small business topics since 2003. In 2015, he joined Merchant Maverick, where he writes about business financing, payment processing, and demographic trends in entrepreneurship. Chris has been featured in Fox Business, ABC News, Yahoo Finance, GoBankingRates, Newsweek, BizJournals, and other publications. He has a Bachelor’s of Arts in English Writing Arts from SUNY Oswego, and a Masters of Science in Interactive Media from the University of Central Florida. He currently resides in the Hudson Valley region of New York.
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