Josh LanceJosh Lance

Get To Know Fundbox!

I got to know the Fundbox team at Xerocon this past year and I am really excited about their product.  They provide short term funding to cover your cash flow gaps by analyzing your receivables and providing funding based on open invoices. However, they do not take ownership of your open invoices .  This is a great tool for businesses to cover cash flow shortages quickly and inexpensively.

I tested the process to get setup and it is very simple and easy.  First step is to sign up on their site.  You create a login and you link up Xero or Quickbooks Online.  Within 24 hours, you will get an email from Fundbox on how much credit they are willing to extend to you based on their analysis of your accounting records.  You can then go and login to Fundbox and you will see your outstanding invoices.  Click on the outstanding invoice you want to receive payment for and the money will be sent to your bank account right away.  You will see the full amount of fees associated with the invoice you want to clear The loan created from the funding you receive is payable in 12 weekly payments and will be automatically debited from your account.

Fundbox is a great solution for business who may need short term financing to cover cash flow gaps as well as businesses that have slow paying customers.  There are no costs to sign up and register.

To learn more about Fundbox and sign up for their free account, click here.

About Josh Lance

A licensed certified public accountant (IL) and Chartered Global Management Accountant, Josh is also a family man who calls Chicago home.  Before venturing on his own with a mission to help small businesses, Josh spent his early career at a top-10 national public accounting firm before working at an ultra high net worth family office.  Josh is also an adjunct professor at Northwestern University in Evanston, IL.  He enjoys making wine at home, cooking, traveling, and cheering on his favorite football and soccer teams. Josh was honored by being selected to the 2017 class of the AICPA Leadership Academy and was named as one of the 40 under 40 in 2017 by CPA Practice Advisor.