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So I wouldn't advocate abusing this, but... If you have a Freshbooks account and you use it for sending your clients invoices, Freshbooks has recently partnere
by chrsstrm 11y ago
So I wouldn't advocate abusing this, but...
If you have a Freshbooks account and you use it for sending your clients invoices, Freshbooks has recently partnered with a company called Fundbox which provides advances on your outstanding invoices. I'm not sure what kinds of qualifications you may need to be offered this service (not sure if account age or previous activity plays a role, I've used Freshbooks for a long time before this advance service was put in place), but any invoice under $1K is typically available for an advance immediately.
Repayment is on a weekly basis and the fee is rather reasonable compared to the payday loan and title loan services you see advertised to "help" the desperate.
You can add anyone as a client with nothing more than a name and an email address and you can send them an invoice instantly. The account set up for Fundbox is literally just connecting your bank account for them to ACH to you (inbound is about 2 days) and for them to automatically pull their weekly payment out. And, you can repay the entire loan at any time with no penalty.