Do You Love the Hardwork of Business Ownership? Fundbox CEO Prashant Fuloria Offers Insights.

Fundbox provides fast small business loans to business owners to help them finance the growth of their businesses. Often times the cash coming in (accounts receivables) is a lot slower than the cash going out. Business owners often need money for payroll, making a large purchase or other needs to “smooth cash flow” until we get payments for customers. Fundbox helps with this.

Ramon Ray, entrepreneur and founder of SmartHustle.com, had a discussion with Prashant Fuloria, CEO of Fundbox all about this and more. At the end of our discussion, we also talked about the fact that just starting and growing a business is HARD WORK. So salute to all the hard-working business owners out there!

VIDEO INTERVIEW:

PODCAST INTERVIEW:

Transcript of our discussion via Rev

Who is Prashant?

Prashant Fuloria, Fundbox:

I’m the CEO of Fundbox. And Fundbox is a financial platform for small businesses. And what that really means is that we are a company with the mission of harnessing the power of technology to be able to provide financial tools and services for small businesses that help them unlock their growth potential, and really power the small business economy.

And just personally, I guess I might be a technology executive. I’ve been that for a long time, but really I’m a product manager at heart. I’m a recovering product manager. I just love building products, technology products, and it’s so incredible how much impact technology has had on our lives over the last, in particular information technology, over the last couple of decades. And I feel very fortunate to have been able to play a small role in those efforts.

So, I sort of grew up as a product manager at Google in the early days of the company working on Google AdWords, when we just launched AdWords, I think back in 2003. And what really struck me at that time, which was really interesting, was it started democratizing the access to marketing and advertising for small businesses, because not every small business could buy a page in the newspaper or put an ad on TV, but people would go online and try out this new Google AdWords thing, and run a small campaign and get traffic to their website or what have you.

And so, really the idea that technology could maybe level the playing field a little bit, right? In terms of sort of the competitive market was something that really appealed to me. And from Google, I went on to Facebook. Again, kind of worked, I was actually the product director for Facebook ads, did that as well in the early days, and then also did a startup that was acquired by Yahoo.

So, I’ve sort of worked at a few of the larger Internet technology companies, but then also a bunch of startups in between. And beyond working on advertising products, again for small and large businesses, have also done a lot of work in payments. So, just building out payment platforms for some of these companies, so just a lot of technology, marketing, payments, now Fintech for the last five years at Fundbox. And it’s been just so, I guess, fun and also satisfying to be building a product and building products that we think have had and will have and will have even more of an impact on the lives and businesses of our customers.

Developer / Programmer 101

Ramon Ray, Smart Hustle:

Sure. No, I love that. I’m curious if, Prashant, can you just unpack a little bit, this is not like the Dev show, but I’m curious, can you help us understand, you were in Facebook ads, Google AdWords, some other things. Your specialty, is that a discipline? I’m just curious. Is there a slice of the, and pardon me if I don’t get the words right, programming development world, where you’re a specialist in financial payments? Other people may be specialists in security. Other people may be specialists in more imagery, things like Adobe and Canva. All of you are developers and programmers, but maybe is there kind of specialties in these areas, or no? Just curious. Is it…

Prashant Fuloria, Fundbox:

That’s a great question. We think about it all the time. I think one way to think about this is it’s a combination of, I guess, function and domain. So, when I say function, it means kind of what exactly is your role? Are you a marketer? Are you a product manager? Are you an engineer? Are you a lawyer? Right? And those are the different kinds of functions that you could have in a company.

Prashant Fuloria, Fundbox:

And then, the domain is sort of what kind of, what part of this big world of information technology are you working in? So for example, you could loosely call, broadly, Google, Facebook, and Yahoo, all consumer Internet technology companies. They do a lot more than that, but it’s in a consumer Internet, whereas for example, you would call a Fundbox or a Stripe or what have you, just financial services, like Fintech, right? If you will.

Prashant Fuloria, Fundbox:

And so, that’s the domain. And so, if you’re lucky, within each of these domains, you get an opportunity to work on different kinds of things. And I’ve been very fortunate to work on different kinds of things, ranging from sort of advertising and marketing, which is kind of like a domain in itself, building these tools for advertisers big and small to go about acquiring the customers, to payments. I built Google’s global payment network back in the early days when we had to get money from advertisers all over the world and pay out our publishers all over the world. And there really weren’t any good means to do it, so we just have to build it ourselves, which is what we did.

Prashant Fuloria, Fundbox:

And so, there’s payments. And now of course at Fundbox for the last five years, I think it’s been financial services. In particular, the domains are payments and credit, right? Moving money around, and then also assessing the credit wordiness of customers to be able to give them financial products. So, if you’re lucky, you get to work in a few different domains, and it’s all interesting. It’s all good stuff. It’s all things that it’s fun to learn and to do new things.

Ramon Ray, Smart Hustle:

I guess it’s like being a speaker. I mean, if you asked me the same question, there’s a lot of speakers, broadly speaking, and whatever we do showcasing and hosting, but my specialty is small business with big brands, so yeah, I get it.

What is Fundbox

Ramon Ray, Smart Hustle:

So, let’s talk about Fundbox. For those who don’t know, I have an understanding of what it is, but since I have the man here himself, you can better explain what is Fundbox and how does it relate to, I think especially the need of small business owners?

Prashant Fuloria, Fundbox:

Yeah. So, Fundbox is a financial platform for small businesses. And let’s start with what’s really important, which is our customers and who are we trying to serve. And why is there a need out there? Because I think it’s always fascinating, especially for people in Silicon Valley, to start with a cool technology or what have you. But I think it’s probably a better idea to start with what’s the need that you are trying to actually satisfy?

Funding Small Business – The Challenges

Prashant Fuloria, Fundbox:

… About small businesses and how important they are for the economy and for our society, and the fact that literally half of our GDP comes from small businesses, and half of our private sector employment is small businesses, and that there are 30 million small businesses in the US and of course so many more all over the world.

Prashant Fuloria, Fundbox:

But I think what many folks on this show also know is that there are a lot of challenges that small businesses face day in and day out. And when it comes to financial services, one of the most common and ubiquitous challenges is the access to capital, right? You need capital to run a business. And this isn’t like, “I need capital now,” or, “I might need capital some time later.” This is like oxygen, right? You need oxygen all the time. Not just some of the time. And this access to capital is something that, why that’s so important is also something that’s highly underserved.

Prashant Fuloria, Fundbox:

And there’s some structural reasons why traditional providers, like you might think of your bank, whether it’s a large national bank or even your local credit union, might not be able to address that need that a business may have for capital, for credit. And it all boils down to how difficult it is to actually assess and underwrite a small business and how expensive it is. And so, many folks don’t know this, but it takes the average bank more than $3,000 to just assess a small business. $3,000 in terms of people’s time and fees, whether it’s an underwriter, an auditor and so on.

Prashant Fuloria, Fundbox:

So, if you’re underwriting a large enterprise, $3,000 is peanuts, right? You’re going to make 10s of 1000s or maybe $100,000 on whatever product you sell them, so it’s all good. But if a small business comes to you looking for, let’s say, a $20,000 line of credit, and you’ve just spent $3,000 assessing them, that’s [crosstalk 00:09:27].

Ramon Ray, Smart Hustle:

A lot of money.

Prashant Fuloria, Fundbox:

[crosstalk 00:09:28] business, yeah. So, it’s no surprise that just the fundamental economics of understanding small businesses is tricky. And small businesses are actually not homogenous at all. There’s much more diversity in small businesses than there is in consumers. And consumers, actually, it’s interesting. It’s actually a bit easier, because there are relatively fewer templates, if you will, to think about, right? And I’m not suggesting at all that the world of consumer finances is incredible, and because we have large pockets of, whether it’s recent migrants or students who are underserved or people without, who are not necessarily have a traditional job, but the world of small business is even more diverse, because the books of a hairdresser and the books of a small manufacturer and the books of, I don’t know, a contractor, all look very, very different.

Prashant Fuloria, Fundbox:

So, you either have to have a skilled human being who is also expensive, to actually understand that in order to underwrite a small business, or you have to think about ways to do this through technology. And that’s really what Fundbox is all about. We’ve really invested a lot over the last seven, eight years, we’re eight years old, as a company, in really the technology to really understand a small business’s transactions and their books to be able to in an automated way give them access to capital, which is so important. So, that’s-

Why is Fundbox Different?

Ramon Ray, Smart Hustle:

… No, I was just going to say, for example, I’m a pizza shop owner, and I come to my traditional big bank. I assume there’s paper. There’s costs. There’s however they’re doing what they’re doing. What is Fundbox doing differently? I’m a pizza, I’m a hair salon, I’m an accountant, whatever. Whoever you want to put as an example, what’s the Fundbox differentiation?

Prashant Fuloria, Fundbox:

Absolutely. So, the way we are completely different is that all we require is for you to connect something to Fundbox that gives us an understanding of your transactions. So, if you’re, let’s say using an invoicing system, you can just connect your invoicing system to Fundbox, and we just see your invoices and the customers that you’re invoicing.

Prashant Fuloria, Fundbox:

If you’re using an accounting package, like say a QuickBooks, we can do that too. You can just connect to QuickBooks. If you don’t really use any system, we can just connect your bank account. And just looking at the transactions in your bank account, once you authorize us to take a look at them, we can build a picture of what kind of business you have and understand the credit worthiness of that business, and then give you a responsible amount of credit.

Prashant Fuloria, Fundbox:

So, instead of having to deal with sending a bunch of paper, trying to meet somebody in person, or even just making a phone call, this is a completely automated, very, very fast and simple process. It takes our customers just minutes to sign up. And literally within less than a minute, we are able to provide credit, once we just run the run the numbers. And so, that’s a fundamentally different sort of experience. It’s something where it’s very little time commitment and complexity. It’s very transparent, because you immediately get to see what you have.

Prashant Fuloria, Fundbox:

But the other thing that we like is because we’re simply looking at your true business fundamentals, we stay connected with our customers. So, as they evolve and as they grow, we’re able to learn more about them and then adjust what we think would be a responsible amount of credit, right? So for example, if you’re growing, we’re able to give you access to more capital that’ll help fuel your growth.

Prashant Fuloria, Fundbox:

So, that’s the Fundbox experience. And you can come to us directly. You can go to our website fundbox.com. You can download our mobile app, or you can also find us embedded inside some of the tools that you already use, like we are natively integrated inside of QuickBooks, for example, or FreshBooks or other systems that you use. And you can discover us inside those systems and use Fundbox there as well.

Funding Options – Loans? Venture Funding? Line of Credit?

Ramon Ray, Smart Hustle:

I love that. And in a way, I don’t want you to fight against yourself, but in a way I do, but can you help unpack for us? I’m a business owner, if you don’t mind, who is Fundbox not for? Meaning, I can get credit cards. I can go to my bank. I have Fundbox. I have my cousin, Jake. I have my aunt. Give us an idea where Fundbox sits into the equation.

Prashant Fuloria, Fundbox:

Of course.

Ramon Ray, Smart Hustle:

Who would you say, “You know what? This is a perfect idea for Fundbox.” Or if you don’t mind, Prashant, saying, “You know what? You don’t need us,” or, “We don’t have to service you,” if you don’t mind.

Prashant Fuloria, Fundbox:

Right. That’s a great question. By the way, in the list of characters, you mentioned your aunt and so on. One character that I learned about only after I joined Fundbox was the hard money man.

Prashant Fuloria, Fundbox:

And you would hear these customers talk about the hard money man. And I had never heard that phrase before, but then I realized it’s somebody who’s got hard money, but they’re also pretty tough characters that you have to deal with. But more seriously, I think we serve a variety of small businesses. First of all, today we are focused only on the US, but all 50 states. Our customers are like the heat map of business in the US, so that’s one thing.

Cash Flow Challenges

Prashant Fuloria, Fundbox:

We serve two kinds of, both kinds of businesses, and I’m going to call them B2C and B2B. What I mean is small businesses that serve consumers, like the hairdresser that we were talking about, or small businesses that serve other businesses. It’s interesting. We’re very good at serving B2C, which is the small businesses that serve consumers. But what’s really interesting is that a large part of our business is serving small businesses that serve other businesses, because their needs are actually even more tricky than the ones that serve consumers.

Prashant Fuloria, Fundbox:

And let me explain what I mean. If you’re a restaurant, for example, and then someone comes in for lunch, when they walk out, they pay you immediately. They’re going to swipe their card or pay you by cash. It’s typically by card these days. And within a few days, within two or three days, depending on how the settlement cycle works, you have the cash in your account.

Prashant Fuloria, Fundbox:

But if you serve other businesses, you’ve delivered a product, and then you send an invoice to them, to your customers. And then, you wait to get paid, because the invoice may have terms on it like net 30, net 60, net 90, and then they’re going to take your own sweet time paying you [crosstalk 00:16:21] most of the time.

Ramon Ray, Smart Hustle:

Prashant, let tell you the rest of the story. This is the world I live in. So, I mean, I have a small team. You have 1000 to 100, but team of five. So, in a respectful way, my team, I want to pay them instantly, because they’re small businesses like me. But to your point, the vendors I work with, all who we love, but like you just said, so I get it. It’s, okay, the project took two months to complete, so by the time we complete it, “Oh, now you can invoice us.” And then we, “No, no, no. Not 10 days. We’re not going to pay you immediately.” Now it’s 90 days, the clock starts, “What? We talked about this two months ago.”

Prashant Fuloria, Fundbox:

And ironically, as a small business, the more established your customers are, chances are they’re going to negotiate more stringent terms. So, we’ve got customers whose clients include the LA Philharmonic or Microsoft or other big organizations that you and I have heard about. But frankly, the bigger you are, like Microsoft’s not going to pay you as a vendor immediately. They have an army of people whose only job it is to do to maximize the float of that company. And so, this is the way it is. Businesses that serve other businesses really have this very significant sort of challenge.

Prashant Fuloria, Fundbox:

And I don’t know if you know this, but if you take all the open invoices that are owed to small businesses in the US today, and you add them up, it’s over $900 billion. So, at any point in time, there’s literally a trillion dollars that’s lying locked up in sort of suspended animation owed to small businesses who can’t avail of it.

Prashant Fuloria, Fundbox:

So, this is where Fundbox comes in, and this is where our customers use Fundbox to be able to advance working capital by doing things like connecting their invoicing system, which is how we can figure out, for example, how much they’re owed and so on. So really, that’s what Fundbox is. It’s a financial platform with a focus on capital and credit to be able to help our customers do the things they need to do, make those critical business payments they need in order to run their businesses and to grow.

Ramon Ray, Smart Hustle:

Love it.

Prashant Fuloria, Fundbox:

And we do this in a variety of different ways, but the underlying theme is the same.

Ramon Ray, Smart Hustle:

Got it. And I do want to get some tips of small business growth from you, whatever that may be. But just so I understand this so I can repeat what I’m hearing. And if I’m wrong, feel free to stop me. It’s not for the small business owner that may say, “I have an idea. I want to open up a store.” You probably don’t want to go to Fundbox for that. Go to your VC grant, loan from a bank, whatever. Am I right on that so far?

Prashant Fuloria, Fundbox:

I think that’s right. So, we’re not a venture capitalist, right? That’s not our focus.

Ramon Ray, Smart Hustle:

Or startup funding or anything like that.

Prashant Fuloria, Fundbox:

Exactly. That’s not our focus. [crosstalk 00:19:28]

Ramon Ray, Smart Hustle:

And then the second thing would be, what if you’re saying, “Hey, I want to grow and get a new property. I need a million dollars to buy a property?” Is it fair to say, “Probably get a traditional loan for that if you’re looking to buy property or something?” Is that…

Prashant Fuloria, Fundbox:

Well, so that’s interesting you mention that, because the core of our business so far has been working capital, but earlier this year, we also launched a term loan product. And we did it because a lot of our customers were basically saying, “Look, I like this. I like having this line of credit, which I can use to do things like make payroll when I’m running a little late on some incoming payment or pay my leads or make some other, or just invest in some travel,” maybe not a great example for the last 12 months-

Ramon Ray, Smart Hustle:

I know what you mean.

Prashant Fuloria, Fundbox:

… But in general, but it’s very different than saying, “Look, I’m just buying some equipment, and I want a more traditional sort of loan.” We’ve actually added that to our portfolio, just recently, back in February. So, we do that as well. We do that as well, but generally, yes, we don’t fund startups, right?

Ramon Ray, Smart Hustle:

But I bet on your white board, even though you don’t fund startups, on the white board, I’m guessing, my words, not yours. You want to serve as much of the financial pie to small business as you can, whether that’s today or tomorrow, or whatever it may be.

Prashant Fuloria, Fundbox:

Absolutely.

Ramon Ray, Smart Hustle:

Got it.

Prashant Fuloria, Fundbox:

And we want to serve them in more and more ways. And today, we give credit to our customers. And we’re also in the process of adding other products that they can use to be able to run their businesses and their financials better. So, that’s something that’ll sort of happen over time, but absolutely, we want to serve as many customers as we can, with an increasing range of products.

Small Business Success Tips

Ramon Ray, Smart Hustle:

I always want to respect your time. So, I guess then, I want to end on getting some tips and insights from you for small businesses, but before I get there, can you talk as best you can, what is the way then to have a healthy, small business with cash? Meaning it’s kind of like a quandary, like a credit card company, right? They make their money. You’re using their card, but yet I think any executive would want healthy customers.

Ramon Ray, Smart Hustle:

So, in the same way with Fundbox, what’s that best scenario of, I wouldn’t think any small business should want to go to Fundbox, and they’re drowning. They feel like it’s a noose on their neck, but yet we all have cashflow issues. Payments come late, and you have to do payment. If you’re able, can you paint a picture of what’s kind of a healthy scenario to use Fundbox as a tool, but yet not be drowning in debt, where your business, Marcus Lemonis, the prophet, has to come in and say, “Do you know that you’re going out of business in six months?” How does that work?

Prashant Fuloria, Fundbox:

So, I think that’s a really, really important point to make, which is our goal is to be able to give a responsible amount of credit to our customers. And this is because we’ve tried to create a structure where our incentives are aligned with our customers. So, I think the one thing I would is this. If you’re thinking about any financial product, think about whether your incentives and your vendors’ or providers’ incentives are actually aligned. And [inaudible 00:22:53], this is true for anything, whether you’re looking for a partner, whether you’re looking for a new vendor or any sort.

Prashant Fuloria, Fundbox:

And there are folks that provide financial products, where, if for whatever reason that your business doesn’t do very well, they’re okay. They’re protected. Maybe they have a lien on some of your property or what have you. The way we’ve set up Fundbox, right from the beginning, actually, and it was a good thing, was our most successful customers are duals who use us in small and responsible ways on a regular basis for a long period of time. So, we have customers who, right when we launched the product back in 2014, 2015, we have customers right from then, and we’ve grown with them. So, today they get access to a lot more than they got back then, because they’re much larger now, frankly, six, seven years later. And so, we can give them access to more credit.

Prashant Fuloria, Fundbox:

I think the amount of credit that you have access to is something that you have to be careful about as a small business. More isn’t always better. And I think the other part that’s important is for you to understand what the debt actually means in terms of the payments that you have to make, right? Sometimes you may see a certain balance, but not really think through, oh, this means I have to be paying so much every month or every week, which is why we’ve actually structured our product in a way, which is where you make equal sort of payments over time, and the fees are sort of fixed. So, it’s a little bit like upfront, when you draw funds from Fundbox, you see, here are the fees, and here’s my fixed payment over time. And oh, by the way, if I were to get funds from somewhere, I can pay Fundbox back without, and all the future fees are waived. That way, I have this flexibility.

Prashant Fuloria, Fundbox:

So, I’ll just say, look for just easier vendors’ incentives aligned with your incentives. How much transparency and flexibility do you actually have in the financial product you’re getting? Right? And I think, of course, this has come to, there’s been a lot in the press over the last, I’d say few years, around sort of more like predatory credit practices. And that’s what you have to be sort of extremely, extremely careful.

Ramon Ray, Smart Hustle:

Sure. No, I respect that. Hence, I know you all are a great company, but hence I just wanted to give you the ability to express that, put it that way. And last thing, but you’re welcome to share anything I didn’t ask, but let’s talk about tips, advice. Fundbox, as CEO, and I’m sure you’re seeing, these are my numbers, not yours, but trillions of transactions every month, every day, every year. You kind of are a barometer of small business success and failure and things. Any advice for us, Prashant? And this is an open-ended question. Just as you look at the top three, four or five things, maybe as a leader in your own company, what is your message to America’s and the world’s, but in this context, America’s small businesses of how we can be successful? I mean, COVID, we’re seeing a little light out of it. So, it’s just a broad question from Prashant, CEO of Fundbox. What’s your best advice for us?

Prashant Fuloria, Fundbox:

Well, it’s a tricky question. It’s a tough question. But I would say, one thing you mentioned about the small light, I think we’re seeing a very significant uptick in small business activity. I think this is a well published fact. There’s over two and a half, I think 2.7 million new small businesses were created in the second half of 2020.

Prashant Fuloria, Fundbox:

So, strangely enough, even though COVID had a big impact on the small business economy, and I think it hurt a lot of small businesses, this is also a really resilient part of our world, right? The resilience and the grit of the small business owner can not be underestimated. So, as people started thinking about what is life beyond COVID, folks had already started taking those ideas and they’re going to start new businesses. So, I think we’re going to see, and we are seeing a lot of activity and new business starts, people looking to bootstrap those businesses and so on. So, that’s there.

The resilience and the grit of the small business owner can not be underestimated

Running a Small Business is Hard Work

Prashant Fuloria, Fundbox:

In terms of advice, I guess, I mean, I think the one thing I can say, and this is probably not financial advice, if you will, maybe you’re looking for-

Ramon Ray, Smart Hustle:

No, that’s great. Any advice, as a leader, and anything.

Prashant Fuloria, Fundbox:

… I will say that it helps to do something you really enjoy doing. Right? And it’s interesting that… I think running a small business, it’s probably not the easy thing to do.

Ramon Ray, Smart Hustle:

It’s not.

Prashant Fuloria, Fundbox:

It’s not. It’s not. And I think it’s not the easy thing to do. There may be easier ways to live, to be honest, right? You could have sort of a more steady job, and sort of then maybe in a larger company or what have you.

Ramon Ray, Smart Hustle:

Prashant, just today I was telling my team member, “Some days I wake up, and I’m like, man, I should go work for the 7-Eleven down the block.” It’s easier just to do what I’m told. I don’t have to think, and then I get paid.”

Prashant Fuloria, Fundbox:

So, if you’re going to take that path, which is harder, I think it’s really useful to really love what we do. And I’ll give you an example from Fundbox.

Ramon Ray, Smart Hustle:

Please.

Prashant Fuloria, Fundbox:

What we do at Fundbox, unfortunately it’s not easy. And it’s not easy because serving… Our customers are many and diverse. Reaching them is not always very easy compared to consumers. We’re helping them. But to me, that’s really sensitive and important for them. So, we don’t want to screw up. That’s kind of not good at all. And we’re in a regulated space. So, in the past, I worked at… We’re not building a video sharing app, where you can just do whatever you want. No, there’s a lot of responsibility here, so it’s not easy. But we have fun doing it, because we actually like what we’re doing. And we think it’s something that’s important. And so, I guess this may not be the financial advice you were thinking about-

Ramon Ray, Smart Hustle:

No, it’s okay.

Prashant Fuloria, Fundbox:

… But my only thought is if you’re going to take the hard path, do what you love, right?

But my only thought is if you’re going to take the hard path, do what you love, right?

Ramon Ray, Smart Hustle:

Yes.

Prashant Fuloria, Fundbox:

And that does make things easier. And I think that’s something that I’m just learning. Frankly, even when we think about data and our data science team, which is so critical to what we do, when we’re hiring people, some data scientists may say, “You know what? I don’t like this problem.” Some of the folks we interview, because this is too tricky. The data is not clean. There’s all of this, people have their invoices set up differently. Or the bank accounts, it’s like dirty data, “I don’t like it. I’d rather just go to a clean environment. And I can just work with data sets that are clean.”

Prashant Fuloria, Fundbox:

Then this is not the right company for you.

Ramon Ray, Smart Hustle:

That’s right.

Prashant Fuloria, Fundbox:

Right? You’ve got to be passionate about solving this problem. And so, that’s all.

Ramon Ray, Smart Hustle:

No, I love it.

Prashant Fuloria, Fundbox:

That’s my only piece of advice.

Ramon Ray, Smart Hustle:

And I think, Prashant, I like what you said, because it’s funny. That’s the other part of it, I think, or anything you’re doing hard, but focusing on small businesses, is that there’s the passion. I love what we do. If I look to my left, I have all kinds of books on starting and growing small businesses. But I think also, and you can help me with even, you can interview me to a degree, but to love the hard part of it, meaning it’s kind of like working out. You feel your abs hurting, your muscles hurting. It’s painful, but you know the results.

Prashant Fuloria, Fundbox:

Exactly.

Closing Comments

Ramon Ray, Smart Hustle:

So, I think I get you. I’m picking up what you’re putting down. I totally get it, what you’re saying. Prashant, anything I didn’t ask you? Anything you wanted to share? I think this has been just so amazing to unpack. There’s such a variety of, I’ll call it funding, financing mechanisms, I think, for small businesses. There’s so many tools. And I think the small business owner just has to be smart picking which tool they use, when they use it, how they use it. And I’m honored to have brought you, the head of Fundbox, to our Smart Hustle small business community, but anything you wanted to add or share before we end our discussion?

Prashant Fuloria, Fundbox:

No, I really appreciate what you’re doing. I think it’s incredible. And it’s great that you’re out there, and you are sort of sharing these insights with folks and talking to people, so nothing really to add again. We’re Fundbox. This is our mission. This is why we get up in the morning, to find ways to build products and services that help small businesses grow.

Prashant Fuloria, Fundbox:

And so, please do check out our site or download our mobile app. And if you’re in the need for a capital or a credit solution to grow your business, please do to think of us.

Ramon Ray, Smart Hustle:

Absolutely. We will, for sure. And one more time, Prashant, give us your full name, your title, and the name of your company. Just say that all in one line for me as well.

Prashant Fuloria, Fundbox:

Sure, sure. I’m Prashant Fuloria, and I’m the CEO of Fundbox.

Ramon Ray, Smart Hustle:

Awesome. And I’m Ramon Ray, founder of smarthustle.com. If you’re listening to the sound of my voice, reading this article, or yeah, I think that’s about it, or listening to this podcast, please definitely give us a like. Give us a review. Share it with somebody else. We’re here to inspire and educate you to start and grow your business, and excited to be able to interview cool and amazing executives from cool and amazing companies like Fundbox as well. Again, Ramon Ray, founder of smarthustle.com.