What is Direct Draw?

Fundbox is now offering a line of credit for businesses who do not use one of our supported accounting solutions. 

How does it work?

Instead of using accounting data, the new line of credit uses your bank transactions to give us a sense of the health of your business. All you have to do is follow a few simple steps to connect Fundbox to the checking account you use to run your business. If we determine there’s a fit, we’ll offer you Fundbox Credit and you can draw funds in increments over $100 whenever you like. For each draw, you will pay us back over 12 weeks; pay us back early and we’ll waive all remaining fees. As you pay us back, your Fundbox Credit replenishes. 

Where is it available?

This service is available in all 50 states and the following US territories:
American Samoa, Federated States of Micronesia, Guam, Marshall Islands, Northern Mariana Islands, Puerto Rico, Palau, Virgin Islands.

The service is exclusively limited to use for business purposes and resulting lines of credit are commercial revolving credit facilities.

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