Compare Fundbox vs. American Express Small Business Loans

Getting approved for a small business loan can be a hassle, particularly if you have a less-than-ideal credit.

For startup businesses looking to take out a small loan– or who need quick funds in a pinch – companies like Fundbox and Kabbage can be the ideal solution.

 As two of our leading small business loan providers, Fundbox and Kabbage are neck-and-neck when it comes to providing quality small business loans and working capital without the stress of waiting weeks −or even months− to be approved. 

Fundbox

Fundbox focuses its efforts on giving borrowers quick access to funds through invoice financing and lines of credit in as little as one business day.

Like some providers in the industry, Fundbox has lower maximums, gearing itself toward short-term loans which tend to have higher APRs.

Kabbage

Similarly, Georgia-based Kabbage focuses on lending to small businesses that are just starting off and need fast access to working capital.

The company offers various types of loans, including working capital loans, lines of credit, and inventory loans, among others.

Fundbox vs. Kabbage

Both companies are ideal for those lacking in the credit score department, as Fundbox and Kabbage don’t require a minimum credit score and instead use other analytic tools to determine a business’s health, such as bank account transactions. 

In almost all areas would-be borrowers should care about, such as rates, fees, and reputation, both companies score high.

However, there are some slight differences when it comes to loan options and qualifications.

Both companies also enjoy a positive reputation, holding a stellar A+ rating with the Better Business Bureau (BBB). Additionally, both companies score high when it comes to their application process.

Depending on what the borrower is hoping to finance – whether it’s startup capital, making some repairs around a business, or getting new equipment – their decision could affect their loan choice. 

Fundbox Options

Fundbox offers businesses lines of credit and invoice financing, but the payments are somewhat restricting.

Borrowers are expected to make fixed weekly payments over a three to six-month period, and the company has a minimum loan amount of $1,000 and a maximum of $100,000.

Kabbage Options

Kabbage differs slightly, since borrowers have a period of six to 12 months to repay their loan.

The payments are also fixed weekly, but the company does offer slightly larger lines of credit with a $250,000 maximum and $2,000 minimum. 

Both Fundbox and Kabbage have a positive reputations online and an excellent A+ rating with the Better Business Bureau (BBB).

Both also have high TrustPilot scores: Fundbox scores a 9.7 out of 10, while Kabbage scores a 9.3.