How do fees work?

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.

When you draw funds, you’ll choose a weekly repayment plan. That plan will include the number of weekly payments, and the amount you’ll be repaying each week. All of the weekly payments will be for the same amount and include a portion of the total principal and fees due on the draw.

Weekly fees

Weekly fees are the standard fees paid on each draw.

When you draw funds, your repayment terms include amortized weekly fees. This means that while the total amount of your weekly payments is the same each week, the breakdown between principal and fees changes. You will pay more of the fees and less of the principal early in the plan. And less of the fees and more of the principal later on. You can always review the fees before you draw.


Please note that if you were approved for Fundbox before December 3, 2019, all draws you made before January 7, 2020 included flat weekly fees. In other words, the weekly fee for each week of your repayment plan was the same amount each week.  

Other fees

These fees are only relevant in certain cases.

Late payment fees

If you miss a payment one week, it will be due at the end of your payment plan, and fees will be added to it. That last week you will need to pay 

  • the amount of the missed principal;
  • the missed weekly fee;
  • an additional weekly fee for this additional week that has been added to your repayment plan equal to the average of the weekly fees for all of the other weeks of the plan; and
  • a $6-NSF fee, if the missed payment was due to non sufficient funds in your account.

Weekly payments are debited automatically—as long as you have enough funds available in your checking account to cover the next debit, you will never miss a payment. 

Non-sufficient funds (NSF) fee

If you do not have enough funds in your checking account to cover a debit, the debit will bounce. This is called “debit failed due to non-sufficient funds (NSF)” and it carries a fee from Fundbox and a separate fee from your bank.

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