Customers may be approved for up to $100,000 in Fundbox Credit.
This is a revolving line of credit: As customers repay draws, their credit is replenished and they can draw again.
With revolving credit, customers are able to continuously draw funds 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 limit and fee rate.