Will my credit limit change over time?

Your Fundbox Credit ™ limit and fees could change over time. We review most approved and active accounts periodically to make sure that each business is receiving the optimal amount of Fundbox Credit. 

We look at a number of different factors during these credit reviews to determine both the optimal Fundbox Credit amount and fee rate for your business.

Three of the most important factors are:

1. Your Fundbox payment history. Late payments can hurt your credit limit and fee pricing. Check to see how much your account will be debited in the payments tab on the Fundbox dashboard. We automatically deduct payments from your account each Wednesday, so make sure there are sufficient funds available!


2. Invoicing volume. High invoice volume helps us understand your revenue, and therefore set your credit limit and fee prices.

3. The accuracy and timeliness of your accounting data. Since your bookkeeping application is the principal insight we have into your business, the more accurate and up-to-date, the more information we have to better assess you.

What happens if I don’t make my payments?

As we stated above, making payments on time is an extremely important part of maintaining your Fundbox Credit. If you think you are going to be late making a payment, please give us a call in advance to avoid penalties or additional fees. If you are late with a payment, please make your weekly repayment as soon as you can, preferably by card, to avoid extra fees.

If you miss multiple payments, we will do everything we can to get your payments back on track through our recovery process. However, we prefer to avoid that if we can.

If you have any questions, please reach out! Email us at yourfriends@fundbox.com or call us at (855)572-7707.

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