
Business Line of Credit Based on Bank Deposits
This funding program is a powerful solution for business owners who have bank deposits. No personal credit check is required to get started.

New Business Line of Credit (Based on Bank Deposits)
Does your business bank account get at least $25k or more in deposits per year?
Does your business bank account have at least a $500+ average daily balance?
Have you been in business for at least 6 months?
If you answered YES to these questions than you may be eligible for an unsecured business line of credit that is based on your company's bank deposits not personal credit.
With a funding program called Direct Draw it's as easy as syncing your business bank account online and have a decision within hours. What's exciting is upon approval you can access your line of credit immediately and have funds deposited into your business bank account as soon as next business day.
Direct Draw issues lines of credit from $100 up to $100k. With Direct Draw, Fundbox underwrites using bank account data instead of accounting software data or personal credit —a business owner just needs to login using their online banking credentials with any of their 12,000+ supported banks.
With Direct Draw, you get these benefits:
- No soft or hard FICO® pull to your credit reports to get started
- Fully automated, fast application—credit decision in hours
- Funds available as soon as next business day
Now keep in mind when you create a Fundbox account, you will have the option of accessing funds through either Invoice Financing or Direct Draw. Select the Direct Draw option since you will be connecting your business checking account during the application process.
What are the terms?
There are no application or origination fees. They charge a fee based on the amount you draw. Payments are automatically debited over 12-week repayment terms, and weekly fees start at 0.58% of the drawn amount. If you repay early then they waive all remaining fees.
For example, if you draw $1,000 with the 12-week repayment term then you would pay about $5-7 a week in fees)
How to Apply
Step 1: CLICK HERE to register for free in seconds
Step 2: Connect your bank account to get accessed
Step 3: If approved for a business line of credit, draw the funds you need and they’ll transfer as soon as the next business day to your business checking account.
