We offer two services, a revolving line of credit and net terms on business purchases. This article applies to the net terms service.
Customers may be approved for up to $100,000 in Fundbox credit.
This is a revolving line of credit: As customers pay Fundbox for purchases they made with Fundbox credit, their credit line is replenished and they can draw again.
With revolving credit, customers are able to continuously make purchases with net terms until they’ve reached their credit limit. Similar to how a credit card works, whenever they draw funds, that amount is taken from their total credit limit, and whenever they make a payment, their available credit goes back up.
Each customer who applies is assessed individually and receives a personalized credit limit and fee rate.