What does "clearing invoices" mean?

For the majority of businesses, issuing invoices is a natural part of day-to-day business operations. An equally natural part, where invoices are involved, is payment terms.

Invoices are almost always paid 30, 60, or 90 days after they are issued. These long repayment terms often leave businesses in a cash-flow limbo, which holds back their growth, and keeps them from reaching their full potential.

Fundbox is built to help businesses overcome these gaps in their cash flow by allowing them to clear outstanding invoices. Instead of waiting weeks or months for invoices to get paid, they can now use our service to get the money on the next business day. They will then repay the funds weekly, with a small fee, over a period of up to 90 days.

Have more questions? Submit a request