Fundbox – www.fundbox.com
From the March 2017 review of Invoice Management systems.
Fundbox is designed to proactively address cash flow gaps that typically affect small and in-transition businesses that rely on timely payments from their customers. Fundbox users can create an account at no cost, with users only assessed a fee when they request an advance payment on an invoice.
Once an advance is requested, and the request approved, funds are typically available the following business day.
Fundbox provides users with a business-purpose loan, or will simply purchase the outstanding invoice, depending on state regulations. Users can pay advances back in either 12 or 24 week increments, and payments are processed automatically by Fundbox. Users also have the option to pay early and eliminate extra fees.
Fundbox pricing is based on the invoice amount and users will see the exact repayment schedule including fees prior to accepting the advance.
Fundbox has its own particular niche, and can be a lifesaver for the freelancer or small business owner who relies on steady cash flow to remain in business. Pricing is based on invoice amount and repayment schedule agreed upon.
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Tags: Accounting, Technology
