Results 1 to 8 of 8
-
02-27-2019, 10:08 AM #1
- Join Date
- Jun 2017
- Posts
- 2,049
Anyone Signed up with Fundbox???
Is anyone Signed up with Fundbox and want to Cobroker??
Email me your Fundbox Signup Link for Merchants, we can split 50/50
Ryan@jdmerchantcapital.com
-
02-27-2019, 10:24 AM #2
- Join Date
- Jun 2017
- Posts
- 2,049
Got it already. Damn a few people jumped on it real quick. First guy who called me is who im using.
All set. Thanks guys.
-
02-27-2019, 10:58 AM #3
- Join Date
- Nov 2018
- Location
- Phoenix AZ
- Posts
- 90
-
02-27-2019, 11:37 AM #4
- Join Date
- Jun 2017
- Posts
- 2,049
-
02-27-2019, 04:00 PM #5
- Join Date
- Dec 2015
- Location
- Texas
- Posts
- 552
-
02-27-2019, 04:43 PM #6
- Join Date
- Feb 2017
- Posts
- 3,463
Fundbox offers 2% residuals for the life of the client.
Bluevine offers 3% residuals for the life of the client.
Fundbox offers invoice financing (NOT factoring), so the offers may be higher than Bluevine, but the usage is a bit different. No bank statement login is needed to qualify, which means even stacked merchants can qualify. In fact, to get their LOC, the merchant has to be directed accurately to the right place on the website!
Fundbox never files UCCs and officially no minimum credit score, no max position.
Bluevine files UCCs, will only go to 3rd position (SBA -> one MCA -> Bluevine at most), and has 62 minimum credit score.
Fundbox is faster for approvals, that's for sure. But they're 100% computer-driven algorithm to underwrite, no human underwriters at all.
After 30 approved files, Fundbox's approvals are increased to 3%.
Advantages and disadvantages to both.... gotta know your funding source, know your merchant.
-
02-27-2019, 04:47 PM #7
- Join Date
- Feb 2017
- Posts
- 3,463
Fundbox = Simple interest, 12-24 weeks
Bluevine = Amortized, 26-52 weeks with monthly options, too
Oh, and Steven, they no longer offer the 5% of all funded deals within the first 90 days. And they increased from 1% residuals to 2%.
-
02-28-2019, 09:11 PM #8
- Join Date
- May 2016
- Location
- San Francisco & New York City
- Posts
- 75
ryan $ - It looks like we work with you and Andre at JD, but we haven't done much business together. Happy to chat more live, if you think it would be helpful.
We beat Fundbox on everything (except for maybe pure speed) for LOCs >$35,000. I constantly get the feedback that Fundbox is great for super fast micro-deals, which isn't an area that we excel at (or necessarily want to excel at).
Matt Estes
BlueVine
Similar Threads
-
CFG Merchant Solutions - Signed Up Yet?
By mattyk86 in forum Everything elseReplies: 0Last Post: 07-13-2018, 02:51 PM -
Does anyone have contact at Fundbox
By upperlinecap in forum Merchant Cash AdvanceReplies: 2Last Post: 01-09-2018, 03:58 PM -
Thoughts on Fundbox. Count as a position?
By Vfunding in forum Merchant Cash AdvanceReplies: 3Last Post: 05-04-2017, 09:20 AM -
Signed: Mr. Frustrated with On Deck
By BusinessLendingMadeSimple in forum Merchant Cash AdvanceReplies: 25Last Post: 07-31-2013, 12:28 PM