National Business Capital Logo

National Business Capital

Is This Your Business?
star star star star star
1 User Review

National Business Capital opened its doors in 2009. Based in New York, the company customizes business finance for every size and type of business by offering many loan options. Loans include small business loans, accounts receivable financing, commercial mortgage financing, equipment leasing and financing, merchant cash advances, SBA loans, and more. Customers enjoy zero upfront fees and receive approval in 24 hours or less.

National Business Capital holds a 90 percent approval rate. National Business Capital is a member of the National Restaurant Association, a member of ETA, and an ASA associate member. The lender is also an approved vendor with vendorseek.com. Consumers that choose National Business Captial should remember that they must have a credit score of 550 or higher.

Top Ranked Companies

thumb_up

The Good

  • High Approval Rate
  • Alternative Financing
  • Flexible Requirements
  • Variety of Business Financing Options

High Approval Rate

The National Business Capital platform helps the majority of the businesses who apply for a loan through them. Business owners should be able to gain access to necessary funds quickly. 

National Business capital holds a 90 percent loan approval rate, with 70 percent of clients being previously turned down by a bank before reaching out to National Business Capital.

Alternative Financing

Leaders such as National Business Capital are utilizing newer, faster ways to process and approve loans which make the financing experience far simpler for business owners. Many small business owners are turning this direction because of bank decline rates for business loans.

Flexible Requirements

Depending on the financing options, many National Business Captial loans do not require a personal guarantee or collateral. These lenient requirements give borrowers more freedom in their lending options and make the lender accessible to a wider range of clients.

Variety of Business Financing Options

National Business Capital has numerous loan options from small business loans to equipment financing. Here’s a breakdown of what the company has to offer:

Small Business Loans and Business Line of Credit

  • Three or more months in business
  • $120,000 in annual gross sales
  • No minimum credit score
  • No collateral or personal guarantee
  • 90 percent approval rate
  • $10,000–$5 million loan amounts
  • Flexible terms from 6 months–10 years 
  • Business funding as soon as one business day or up to three days

Accounts Receivable Financing

  • Six or more months in business
  • No minimum credit score
  • $40,000 in monthly accounts receivables
  • Receivables as collateral
  • 90 percent approval rate
  • $10,000–$5 million loan amounts
  • Revolving terms
  • Business funding as soon as two business days or up to five days

SBA Loans

  • Two or more years in business
  • $100,000 in annual gross sales
  • At least a 685 credit score
  • Express funding on loan amounts of $350,000 or less
  • $50,000–$5 million loan amounts
  • Flexible terms from 10–25 years 
  • Prime rates with set rates and set terms
  • Business funding as soon as 45 days

eQuickment Financing Product

  • Equipment purchases under $75,000 require 600 minimum credit score, no minimum annual gross sales required, and no minimum time in business
  • Equipment purchases over $75,000 require 600 minimum credit score, $120,000 in annual gross sales, and six months in business
  • Approval in under an hour
  • Funding in less than two business days
  • Qualifications based on credit or annual sales (depends on purchase price)
  • Finance 100 percent of equipment costs (including deposits and taxes)
  • Equipment purchases through virtual inspection rather than on-site
  • Ability to choose your own vender

Standard Equipment Financing

  • No minimum time in business required if your FICO score is 650 or above
  • No annual gross sales required if your FICO score is 650 or above
  • No minimum FICO score required if you make $120,000 in annual gross sales and have been in business for six months or more
  • $10,000–$5 million loan amounts
  • Flexible terms from one to five years
  • Business funding as soon as two business days or up to five days
  • Ability to own equipment instead of renting

Loans for Doctors and Dental Practices

  • No minimum time in business
  • No minimum annual revenue
  • No minimum FICO score required if you make $120,000 in annual gross sales and have been in business for six or more months
  • No collateral or personal guarantee
  • $10,000–$5 million loan amounts
  • Flexible terms from 6 months–10 years
  • Business funding as soon as one business day or up to five days
  • 90 percent approval rate

Merchant Cash Advance

  • Six or more months in business
  • $120,000 in annual gross sales
  • No minimum credit score
  • No collateral or personal guarantee
  • $10,000–$2 million loan amounts
  • Flexible terms that accommodate repayment terms
  • Business funding as soon as one business day or up to three days
  • 90 percent approval rate

Franchise Financing

  • Six or more months in business
  • $120,000 in annual gross sales
  • No minimum credit score
  • No collateral or personal guarantee
  • $10,000–$2 million loan amounts
  • Flexible terms from 6 months–10 years
  • Prime rates with set terms
  • Express funding on loan amounts of $350,000 or less
  • Business funding as soon as two business days or up to seven days

Purchase Order Financing

  • No minimum time in business
  • No annual revenue
  • No minimum credit score
  • No real estate collateral required
  • Financing up to 90 percent of your purchase order
  • Flexible ongoing terms
  • Business funding as soon as three business days or up to seven days
  • 90 percent approval rate

Commercial Mortgage Financing

  • Two or more years in business
  • $250,000 or more in annual gross sales
  • At least a 620 credit score
  • $500,000–$10 million loan amounts
  • Flexible terms from 15–25 years
  • Business funding as soon as 30 business days or up to 90 days

Startup Business Funding

  • No minimum time in business requirement
  • No annual revenue requirement
  • At least a 620 credit score
  • $5,000–$150,000 loan amounts
  • Revolving terms
  • Business funding as soon as one week or up to four weeks
thumb_down

The Bad

  • Customer Complaints

Customer Complaints

The complaints found online for the company are about mailers the company sends out. Customers have also complained about the company's lack of clarity regarding eligibility requirements, and whether National Business Capital's services are available in every state.

gavel

The Bottom Line

This is a company with multiple years of experience in the business finance industry. Not being a traditional bank, the company has regulations that are less time-consuming and not as harsh of guidelines as a traditional bank. 

National Business Capital claims that 70 percent of its clients were turned down previously by a bank. Although National Business Capital has a 90 percent approval rate for most financing options, business owners need to take into consideration the company's lack of information on their website.

View Best Business Loan Lenders

Was this content helpful?
thumb_up Yes thumb_down No

Star Rating

5.0

star star star star star

1 Reviews

Review Breakdown

5 grade

100%

4 grade

0%

3 grade

0%

2 grade

0%

1 grade

0%

Sentiment Criteria

Value

star_border star_border star_border star_border star_border

Quality

star_border star_border star_border star_border star_border

Service

star_border star_border star_border star_border star_border

Trustworthiness

star_border star_border star_border star_border star_border
cancel

Filter by:

arrow_drop_down

Sort by:

arrow_drop_down
info
star star star star star

Booker Thomas Gadsden, AL

Awsome great outline . couldn't have asked for more

2 years ago

We're on a mission to empower consumers to make the best decisions and connect confidently with companies that deserve their business.

© 2021 BestCompany.com LLC - All rights reserved Privacy Policy | Terms | Do Not Sell My Personal Information