What is extended financing?

We offer two services, a revolving line of credit and net terms on business purchases. This article applies to the net terms service.

 

Depending on the terms you applied for, your account might have extended financing. (If you're not sure whether you have extended financing, you can reach out at nettermssupport@fundbox.com.)

If you have extended financing, weekly payments will begin automatically when net terms end.

Extended financing lets you pay in up to 52 weekly payments. However, you can pay in full anytime before the 52 weeks are up by calling Support or directly from the dashboard. 

There is no prepayment penalty for paying off a draw in full before the 52 weeks are up. In fact, all remaining weekly fees will be waived! You'll only pay fees for the weeks you use.

Within 3 business days of each debit going through, your limit is replenished and can be used for additional purchases.

 

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