Introducing the Fundbox Stripe App
With the Fundbox Stripe App, Stripe business customers now have even faster, easier access to working capital directly through Stripe via the company’s new Stripe App Marketplace. Stripe, a financial infrastructure platform for businesses, works with millions of companies—from the world’s largest enterprises to the most ambitious startups—to accept payments, grow their revenue, and accelerate new business opportunities.
How the Fundbox Stripe App helps small businesses
Regardless of industry, it’s not uncommon for small businesses to experience cash flow challenges. Many small businesses find themselves with large amounts of capital tied up in outstanding receivables. With $14 trillion of capital stuck in payables and receivables, many businesses need access to funds to manage and grow their businesses. With a Fundbox Line of Credit, business owners get fast, easy access to the working capital and flexible payments solutions they need to optimize their cash flow.
Fundbox offers embedded finance solutions through a number of partners, giving even more businesses access to the working capital they need within the tools they already use. With the Fundbox Stripe App, Stripe customers get even more financial agility, allowing them to draw funds from their Fundbox Line of Credit directly from their Stripe dashboard.
Benefits of a Fundbox Line of Credit
When it comes to business financing, some of the most important considerations are speed, convenience, and flexibility of access to funds. A Fundbox Line of Credit offers more flexibility than financing options from traditional lenders, such as banks and credit unions. Traditional lenders can take weeks or even months to approve applications and release funds. Fundbox offers a fast, paperless application, quick access to funds, and flexible repayment terms. A Fundbox Line of Credit is revolving, so your available credit replenishes as you repay, giving you the flexibility your business needs to succeed.
With a Fundbox Line of Credit, eligible customers can also take advantage of Fundbox Flex Pay and get three extra business days to pay expenses and automate payments, ensuring vendors and expenses can be paid on time. Fundbox Flex Pay can be used for payroll, insurance, taxes, raw materials, marketing, inventory, leases, and more.
How Stripe customers can apply
Applying for a Fundbox Line of Credit through the Fundbox Stripe App is easy and will not impact your credit score. If you’re a Stripe customer, head to the Stripe Apps Marketplace and download the Fundbox app to get started. Simply register, connect business accounts like your bank account and accounting software, and you can get a decision in as few as three minutes. If approved, you can draw from your Fundbox Line of Credit directly from your Stripe account, and funds can be available as soon as the next business day. You can draw funds anytime, and you’ll only pay for what you use.
Fundbox makes capital available to businesses through business loans and lines of credit made by First Electronic Bank, a Utah chartered Industrial Bank, member FDIC, in addition to invoice-clearing advances, business loans and lines of credit made directly by Fundbox.