We offer two services, a revolving line of credit and net terms on business purchases. This information applies to the revolving line of credit service.
Yes. We understand that businesses sometimes need to draw funds from multiple lenders but we don’t extend credit to businesses who have more than three lenders in addition to Fundbox. As long as you have no more than three lenders other than Fundbox in a 90-day period, you can also draw funds from Fundbox.
This includes lenders who have extended you a business term loan, business line of credit, invoice financing, startup business loan, equipment and vehicle financing, short-term business loan, merchant cash advance, or a personal loan for your business.
If you have more than three lenders other than Fundbox in a 90-day period, we may debit your total outstanding Fundbox balance and disable your Fundbox account. Once you finish repaying other lenders, we may be able to enable your account again.