National Funding provides small businesses with working capital loans. The company networks with a wide variety of vendors and offers equipment leasing for some customers.
With National Funding, no collateral is required and funding is quick. The lender offers a wide variety of lending solutions, ranging from $5,000 to $500,000.
Individuals who are considering borrowing from National Funding should remember that they must have a minimum credit score of 550 or higher.
National Funding offers a number of attractive features, including a variety of products, quick approval, and one-day funding. In addition, the company does not require customers to offer up any collateral to receive capital for their business.
The lender has a wide range of small business loans, amounts ranging from $5,000 to $500,000. Many business loan companies only offer up $200,000 or less. Having a large range of business loans means that the lender is a viable option for a wide variety of borrowers. This increases your chances of funding and ensures the company can best serve you with offerings that fit your financing needs.
With National Funding, there are several products for business owners to choose from, including the following:
National Funding offers small business loans up to $500,000. The company has helped over 40,000 businesses and funded more than $2 billion in loans. With such high numbers, borrowers can have peace of mind knowing National Funding is a trusted lender among business owners.
National Funding’s small business loans are not limited to certain industries and expand to a variety of different needs, including truck loans, retail business loans, construction business loans, agriculture loans, and many more. Regardless of your small business type, National Funding has loan options that will most likely fit your needs.
National Funding offers equipment financing and leasing to help businesses access equipment without compromising their existing capital. You can fill out the loan application online and it is simple and straightforward. National Funding will also supply you with a loan specialist that will assist you in deciding which financing option works best for your business. Once your application is completed, you’ll receive an answer within 24 hours.
National Funding offers equipment financing and leasing for commercial vehicles, medical equipment, farm equipment, restaurant equipment, office equipment, construction equipment, and much more. The company has a list of all offered industries on its site. If you are leasing equipment, you have the option to lease new equipment or pre-owned equipment.
Because all businesses are different, National Funding offers flexible loan terms that will vary based on your needs. If you want equipment financing and leasing for a short period of time, you can make your repayment term a couple of years. Or, if you need financing for longer — even as long as a decade or more — National Funding has longer repayment terms that the company will customize to best fit your financial needs.
To qualify for National Funding’s equipment financing, you need at least six months in business as well as a minimum credit score of 575. You’re also required to supply National Funding with an equipment quote from the vendor you plan to use. You can receive up to $150,000, but funds will vary based on credit score, time in business, etc.
National Funding offers working capital loans that are deducted daily based upon the business's future credit card invoices. To qualify, you need to be in business for at least one year and have a minimum of $100,000 in annual sales. You can use working capital to add to your inventory, manage cash flow, hire more staff members, finance equipment costs, etc.
When applying for this type of loan, you’ll need three months of bank statements. Following your application, you’ll receive approval or denial in as little as one business day.
Unlike other small business lenders, National Funding does not require collateral. This means you don’t have to provide the company with leverage, such as a mortgage or car loan, to cover your loan costs in case you don’t repay the loan in full and default on your account.
Similar to other financial institutions, applying for National Funding’s loan services will not impact your credit score. Until you complete the application process and officially borrow the funds, your credit score will not be affected. This can give borrowers peace of mind that they can submit a loan application and compare the offer against other lenders before having their credit affected.
After you are approved for a National Funding loan, you will receive your funds in as little as one business day. Receiving your money in less than 24 hours makes the lending process quick and simple and ensures you can begin expanding your business and attending to its needs as soon as possible.
If you lease equipment with National Funding, the company guarantees you the lowest lease payment. If National Funding does not provide the lowest lease payment when compared to other lenders, the company will pay you $1,000 in cash. Some restrictions may apply, so check with a service representative if you are interested in the guarantee.
Unfortunately, National Funding does not display key pieces of information on its website. The company does not provide application requirements such as revenue requirements. Further, National Funding does not disclose interest rates, term lengths, or fees on its website. Potential customers are encouraged to contact the company for more information on requirements, interest rates, terms, and fees.
It was an easy application. They just needed 3 months of our bank statements and we were approved in minutes. And they answered any questions I had during the process.
I'm extremely satisfied with the National Funding's service. They are great people to work with
Ease and speed of getting money is great however their payback time (usually 12 tro 15 months) is very short so your daily payment is high.
very helpful and quick answers on during the approval process
THEY HAVE EXCELLENT CUSTOMER SERVICE IF YOU HAVE ECONOMIC NEED THEY ARE VERY QUICK TO HELP YOU
Great customer service. I have never had an issue with payments or anything to do with our contract. Gentleman who helps us out is fantastic.
they gave no issues just good business everytime
It is challenging to make the weekly payments and then have to wait to reach the 50% pay back before you can access anymore funds.
Very helpful great for businesses that need funding great customer service!
They do what they say. There are no hidden agendas.
no communication with customer service and staff
Reply from National Funding
Oct 17, 2019
Thank you for your feedback as it helps us improve our processes. We strive to give our customers the best possible experience. Clearly this time around that was not the case and for that we are sincerely sorry. Please let us know if there is anything we can assist with in the future.
Always rapid in having Funds in account in less than 24 hours no long paper work no long interviews just money when small businesses need with no hassle
We appreciate the service and funding provided.
very easy process, with great communication with the agent and details
Easy and fast to get funding. Definitely recommend!
Always a quick and easy process with no hassle and the sales rep is always responsive to every question and every call
excellent service . great rates and fast funding
I've been with so many years and they always take care of me. Their customer service is always good. People always talk to you get back with you right away, they don't give you the runaround. They're just very kind and understanding and they're very helpful knowledgeable. They worked with me you know whatever I need or want they seem to work with you so it was pretty easy process
National Funding has a quick turnaround; their service is excellent.
National Funding was great to work with! I had an urgent need for capital for my business. I filled out the simple form on their website and a representative contacted me within a matter of minutes. I got the funds I need in my account the next day! National Funding got me the cash I needed when I needed it, I would recommend them to anyone in need of cash or equipment.