In this article, I will review the best Fundbox alternatives for invoice financing to help small businesses find the proper funding solutions.
We’ll take a look at top providers such as Bluevine, Lendio, FundThrough, altLINE, and others, and compare their features, speed of funding, eligibility, loan size, fees, repayment terms, and pros and cons to help you find the best financing solution.
Key Points & Best Fundbox Alternatives for Invoice Financing
| Provider | Explanation |
|---|---|
| Bluevine | Offers flexible business lines of credit to manage cash flow and expenses. |
| Lendio | Connects businesses with multiple lenders offering invoice financing and other funding options. |
| FundThrough | Provides invoice factoring solutions that unlock cash tied up in unpaid invoices. |
| Funding Circle | Offers business loans helping established companies finance growth and manage working capital. |
| altLINE | Provides invoice factoring and asset-based lending to improve business cash flow. |
| OnDeck | Offers short-term business loans and lines of credit for working capital. |
| eCapital | Delivers invoice factoring and financing solutions tailored to businesses across multiple industries. |
| American Express Business Line of Credit | Provides eligible businesses access to revolving credit for managing short-term cash needs. |
| Scale Funding | Offers invoice factoring and accounts receivable financing to support business liquidity. |
| Parafin | Provides embedded financing solutions helping eligible businesses access capital through partner platforms. |
10 Best Fundbox Alternatives for Invoice Financing
1. Bluevine
Bluevine is a business financing provider best known for its revolving business line of credit, useful for companies managing recurring cash-flow gaps rather than financing invoices directly. Funding Speed & Approval Time: Eligible applicants may get an initial decision within a short period of time, while approved funds may arrive within hours or the next business day, depending on transfer method and verification.
Credit Score & Eligibility Rules: General minimums include a 625 FICO score, 12 months in business and $10,000 monthly revenue. Borrowing Limits: Credit lines range from $1,000 to $250,000. Fees & Repayment Terms: Pricing depends on underwriting, with weekly or monthly repayments. USP: Revolving access to working capital.
Bluevine Pros & Cons
| Pros | Cons |
|---|---|
| Offers revolving business credit for recurring cash-flow needs. | Primarily offers credit lines rather than direct invoice factoring. |
| Provides an online application and potentially quick funding. | Approval depends on creditworthiness and business financials. |
| Allows eligible businesses to reuse available credit. | Repayment schedules may require frequent payments. |
| Combines financing with business banking services. | Not all businesses meet its eligibility requirements. |
2. Lendio
Lendio is a lending marketplace that connects businesses with multiple financing providers, including lenders that offer invoice factoring, term loans and lines of credit. Funding Speed & Approval Time: Funding and application processing depends on the lender you choose, some marketplace offers may fund in as little as 24 hours from approval.
Credit Score & Eligibility Rules: Requirements vary by lender and financing product, commonly reviewed are revenue, credit history and time in business. Invoice-Financing Limits Minimum and maximum amounts vary by lender and type of financing
So there isn’t a universally applicable invoice-financing limit. The rates, origination fees, and repayment terms will differ depending on the offer. USP: One app to compare all financing options for businesses.
Lendio Pros & Cons
| Pros | Cons |
|---|---|
| Connects businesses with multiple lenders through one application. | Does not directly lend its own funds. |
| Offers access to different financing products. | Rates and terms vary between lending partners. |
| Helps borrowers compare potential financing offers. | Comparing offers may require additional documentation. |
| Some financing options provide relatively fast funding. | Funding speed depends on the selected lender and product. |
3. FundThrough
FundThrough is a specialist in invoice factoring. We help eligible businesses get cash out of their unpaid business-to-business and government invoices. Funding Speed & Approval Time Some invoices are paid within one business day of being approved and you could see the funding arrive in days.
Credit Score & Eligibility Rules: The platform primarily looks at the validity of the invoices and the creditworthiness of the customer and not a hard business credit check. Invoices should be for completed work and have an expected payment date.
Advance Limits: Advances are based on eligible receivables and can be small advances or millions of dollars. Fees & Repayment Terms Typical published fees start at 1.9% per 30 days, subject to customer eligibility and invoice terms. Repayment per customer payment. USP: Invoice financing, selective, upfront pricing, advances up to 100% less fees.
FundThrough Pros & Cons
| Pros | Cons |
|---|---|
| Specializes in invoice factoring and receivables financing. | Businesses need eligible unpaid invoices to qualify. |
| Helps unlock cash before customers pay invoices. | Factoring fees reduce the amount ultimately received. |
| Financing decisions can emphasize customer creditworthiness. | Customer payment delays can affect the financing process. |
| Can accommodate substantial invoice-financing needs. | Availability depends on invoice quality and approval criteria. |
4. Funding Circle
Funding Circle is primarily a small business term loan provider, so it’s an alternative for businesses in need of structured financing versus direct invoice factoring. Funding Speed & Approval Time: Underwriting, documentation and the loan product determine approval and disbursement; applicants should check the current timeline before applying.
Credit Score & Eligibility Rules: The lender checks business performance, creditworthiness and financial documents. Eligibility criteria vary from market to market and product to product. Loan Amounts: Loan amounts vary with the financial strength of your business and the particulars of the deal.
Fees & Repayment Terms: The rate of interest quoted, the fees charged at the time of origination of the loan, the frequency of repayment and the total cost of borrowing are some important comparison points for businesses.
USP: Structured business financing with predictable installments may be a good fit for established businesses looking to finance expansion, equipment or working capital. Before you consider it a direct Fundbox equivalent, make sure to check whether invoice financing is available in your location.
Funding Circle Pros & Cons
| Pros | Cons |
|---|---|
| Offers structured business loans for growth and working capital. | Primarily provides business loans rather than invoice factoring. |
| Predictable installments can help with financial planning. | Applicants must satisfy product-specific eligibility requirements. |
| May suit established businesses seeking larger financing. | Underwriting and funding may take longer than invoice-based advances. |
| Provides defined loan terms for budgeting repayments. | Interest and fees increase the total borrowing cost. |
5. altLINE
altLINE offers invoice factoring and accounts receivable financing, so companies can get advances on eligible unpaid invoices instead of waiting for customers to pay. Funding Speed & Approval Time: Timing reliant on underwriting, invoice verification and customer payment arrangements; verify anticipated initial funding date directly.
Credit Score & Eligibility Rules: Approval may be based on quality of invoices, customer creditworthiness, business operations and receivables history. Funding is not based on a set advertized limit, but on the amount of eligible invoices and the approved factoring facility.
Fees & Repayment Terms: Advance rates published range from 80%-90%, initial fees range from 0.5%-3%, possible origination charges are $150-$500. Actual terms vary. USP: A bank-based factoring provider that provides transparent cost comparisons and receivables-focused financing.
altLINE Pros & Cons
| Pros | Cons |
|---|---|
| Specializes in invoice factoring and accounts receivable financing. | Businesses need qualifying commercial invoices. |
| Helps convert unpaid invoices into available working capital. | Factoring fees reduce the proceeds received. |
| Customer creditworthiness can be important during underwriting. | Customer concentration and invoice quality may affect approval. |
| May support businesses with significant receivables. | Contract terms and minimum requirements can limit flexibility. |
6. OnDeck
OnDeck offers short-term business loans and business lines of credit, making it a good option for companies needing working capital, not invoice-specific advances. Funding Speed & Approval Time Once approved, qualified businesses can expect to receive their funds as soon as the same day, subject to verification and banking qualifications.
Credit Score & Eligibility Rules Eligibility is determined by the business’s credit history, revenue and operating history. Different products have different requirements. Borrowing limits: Marketplace listings may offer loans from $5,000 to $250,000, but that is subject to the product and what’s available at that time.
Fees & Repayment Terms: Check the annualized borrowing cost, origination fees, payment frequency and total repayment amount before signing. USP: Accelerated access to structured business financing for companies with immediate operational costs.
OnDeck Pros & Cons
| Pros | Cons |
|---|---|
| Offers short-term business loans and lines of credit. | Does not specialize in direct invoice factoring. |
| Provides a streamlined online application process. | Borrowing costs can be higher than traditional bank financing. |
| May offer fast funding to approved businesses. | Eligibility depends on credit, revenue, and business history. |
| Provides financing for general operating expenses. | Frequent repayments can pressure cash flow. |
7. eCapital
eCapital provides business financing solutions, including invoice factoring and accounts receivable financing, to assist businesses in turning unpaid invoices into working capital. Speed & Approval Time: Timeframes for funding are dependent on the facility, documentation, and invoice verification; businesses should ask for a specific estimate during underwriting.
Credit Score & Eligibility Rules: Approval may be based on the quality of receivables, the reliability of customer payment, and the circumstances of the business, rather than credit alone. borrower limits Financing available is based on eligible receivables, customer concentration and approved facility. Minimums and maximums vary by program.
Fees & Repayment Terms. Make sure the written offer states the factoring fees, advance percentages, reserves and contract commitments. USP: Multiple financing structures can help companies meet cash-flow needs as receivables and operations grow. Carefully compare the proposed factoring agreement before choosing it over Fundbox.
eCapital Pros & Cons
| Pros | Cons |
|---|---|
| Offers invoice factoring and accounts receivable financing. | Fees and terms vary by financing arrangement. |
| Helps businesses manage cash flow during payment delays. | Approval depends on receivables and underwriting requirements. |
| Provides financing solutions for different business situations. | Contract commitments may reduce flexibility. |
| Can support businesses with growing receivables. | Not every business or invoice qualifies for funding. |
8. American Express Business Line of Credit
The American Express Business Line of Credit provides eligible businesses with credit to meet short-term cash-flow needs, inventory purchases and operating expenses. Funding Speed & Approval Time: Application confirmation and disbursement speed is subject to verification and approval; please confirm your expected funding date before relying on it for urgent expenses.
Credit score & eligibility rules The published minimums are that you have a FICO score of 660, been in business for at least one year and average monthly revenue of $3,000, but approval isn’t guaranteed. Borrowing Limits: Credit lines are from $2,000 to $250,000.
Fees and Repayment Terms: Prices and repayment periods differ by offer, so make sure you read the entire cost before accepting. USP: Established financial brands offer a flexible credit line to eligible US businesses.
American Express Business Line of Credit Pros & Cons
| Pros | Cons |
|---|---|
| Provides eligible businesses with access to revolving credit. | Does not directly specialize in invoice financing. |
| Offers multiple credit-line sizes for different funding needs. | Applicants must meet credit and business eligibility criteria. |
| Can help cover short-term expenses and cash-flow gaps. | Fees and repayment terms depend on the selected offer. |
| Comes from an established financial services provider. | Available only to eligible applicants in supported markets. |
9. Scale Funding
Scale Funding provides invoice factoring and other business financing solutions that enable companies to manage working capital and bridge gaps caused by delayed customer payments. Funding Speed & Approval Time: The time required varies with application review, invoice verification and financing agreement; get a written estimate for initial funding.
Credit Score & Eligibility Criteria: Eligibility might be based on invoice quality, customer creditworthiness, business performance and the facility being applied for. Borrowing Limits: Financing amounts are subject to the receivables available and approved financing arrangement; confirm minimums and maximums with provider.
Fees & Repayment Terms: Inquire about advance rates, factoring fees, reserve releases, minimum volume commitments and termination charges. USP: Funding against receivables can help businesses with reliable customers meet payroll, inventory and operating expenses without waiting for invoice due dates.
Scale Funding Pros & Cons
| Pros | Cons |
|---|---|
| Offers invoice factoring and receivables-based financing. | Businesses need suitable invoices or receivables. |
| Helps bridge gaps between invoicing and customer payment. | Factoring fees reduce net funding proceeds. |
| Can help cover payroll and operating expenses. | Approval depends on business and customer risk. |
| Financing may grow with eligible receivables. | Minimum volumes or contract requirements may apply. |
10. Parafin
Parafin offers embedded financing solutions on partner platforms, enabling eligible small businesses to access capital through services they already use. Its offerings may include business financing and revenue-based repayment products, rather than traditional invoice factoring.
Funding Speed & Approval Time: Timing of offers and disbursement depends on partner platform, business verification and approval process. Credit Score & Eligibility Rules: Eligibility criteria may include sales history, transaction data, business performance and the requirements of the financing partner; criteria vary by offer.
Funding Amount: This depends on the platform and the business offer, so check the minimum and maximum available. Fees & Repayment Terms: Review the financing cost, payment deductions, repayment conditions and charges that may apply. USP: Embedded finance can provide easier access to capital for businesses if they qualify.
Parafin Pros & Cons
| Pros | Cons |
|---|---|
| Provides financing through integrated partner platforms. | Availability depends on participating platforms and eligibility. |
| Can simplify applications for existing platform users. | Does not primarily specialize in invoice factoring. |
| Uses business and transaction information to assess offers. | Financing products and terms vary by partner. |
| May offer convenient access to business capital. | Funding limits and repayment options may be restricted by the offer. |
How We Select the Best Fundbox Alternatives for Invoice Financing
- Funding: We look at invoice factoring, business loans and credit lines.
- Requirements for Qualification: We look at credit scores, revenue and business operating history.
- Borrowing Limits: We look at the minimum and maximum amounts of funding available.
- Interest Rates and Fees. We consider the cost of borrowing, including fees and other charges.
- Repayment Terms: We review the repayment schedules, flexibility and total repayment obligations.
- Invoice Financing Characteristics: We select providers that offer reliable receivables-based funding solutions.
- Flexibility to approve: We consider options for businesses with diverse financial circumstances.
- Customer Support: We evaluate the accessibility and support available to you during the financing process.
- Transparency: We look at whether providers are clear about fees, terms and eligibility.
- Business Suitability: We match the provider best-suited to different business sizes and cash-flow requirements.
Conclusion
To summarize, the choice of the best Fundbox alternatives for invoice financing will depend on your business needs, cash flow and eligibility. Invoice factors such as FundThrough, altLINE and eCapital are providers, whereas Bluevine and OnDeck offer other types of financing.
Before you apply, compare how quickly they fund, how much you can borrow, fees, repayment terms and approval requirements. Choosing the right provider can help you manage costs, improve cash flow and enable business growth.
FAQ
Which Fundbox alternative offers the fastest funding?
Bluevine and OnDeck may provide quick funding, depending on approval and verification.
Which alternatives specialize in invoice factoring?
FundThrough, altLINE, eCapital, and Scale Funding specialize in invoice factoring solutions.
Can businesses with low credit scores qualify?
Some providers prioritize invoice quality and customer creditworthiness over personal credit scores.
How much funding can businesses receive?
Funding amounts vary depending on provider, eligibility, revenue, and available qualifying invoices.
