National Funding provides small businesses with loans and merchant cash advances for working capital. The company does equipment leasing for some customers, networking with a wide variety of vendors.

Rank Chart
Interest Rates
Revenue Requirement
Review

#1

1.5-12%
$50k/year

#2

15-35%
$54k/year

#3

5.99-36%
$100k/year

#59
natonal-funding-logo

Undisclosed
Unknown

Typical Borrowers

Like most other business loan companies, the two biggest factors that National Funding looks at are credit score and annual revenue. Having a low credit score won’t necessarily disqualify you as long as it is above the company’s threshold. Additionally, a company must make over $100,000 in revenue per year.

Best Uses

Business loans from National Funding can be used to expand, increase or replace inventory, advertise, consolidate debt, or even pay taxes.

Minimum Qualifications
  1. Credit score at least 500
  2. $100,000 in revenue per year

The Good

National Funding provides businesses with the solutions they need to finance new projects or services. This financing, despite the requirements, can provide the freedom needed to launch a business. Other benefits include:

Features

The following are helpful features available through National Funding:

  • Offers a Variety of Products
  • Fast Approval Time
  • No Collateral Required

Products

There are lots of products for business owners:

  • Small business loans of up to $500,000
  • Merchant Cash Advances that are deducted daily based upon the business’s future credit card invoices.
  • Equipment leasing to help businesses get access to equipment without compromising their existing capital

Access to Cash

A big incentive to use National Funding financing is their fast access to cash and loan approval time. Generally, customers can apply for and receive approval for a lending product from National Funding instantly. Access to cash happens within 24 hours. For other unsecured lenders in the industry, it could take as long as two weeks to get access to cash and even longer with traditional banks – 30 days.

With unsecured loans from National Funding, no collateral is required. You can get unsecured loans up to $250k.

The Bad

While National Funding does offer some quality financial services, there are also some concerns that need to be addressed. Prospective borrowers should consider the following items prior to borrowing through National Funding:

Missing Information

One of the big reasons we rank National Funding so low is because they do not display key pieces of information on their website. For starters, there are no application requirements (credit score, time in business, or current revenue requirements). There is also no information on the company’s interest rates, term lengths, or fees.

Website

The website was a little bit difficult to navigate. We had to browse press releases, read other online reviews, and make a phone-in to answer some key questions about the lending products offered by National Funding. As stated above, there was not a lot of information to find.

Compare to the top rated business loan companies.

The Bottom Line

This type of loan may be good for those who don’t qualify for other business loans, but need large loans for equipment financing. However, there are too many unknowns for us to recommend using National Funding. Actual application requirements and loan interest rates are not given online – which we view as a big red flag.

View Top Rated Companies

*Star Rating is determined by evaluating APR range, minimum credit score requirement, revenue requirement, length in business requirement, and other related approval data.

More Information

Types of Loans Offered

Rates Offered

Unknown View Top Rated Companies

Term Lengths

Unknown Compare to Top Rated Company

The Borrowing Process

National Funding offers a simple and fast application process with minimal paperwork. Regardless of whether you are approved or not, there is no obligation with the application. The company will tailor a loan that meets the borrower’s needs and budget. Funding can come in as few as 24 hours with loans up to $500,000. Additionally, Smaller, more frequent payments rather than one lump sum monthly payment is a type of payment that can be easier to manage for some borrowers.

Before Applying

Before applying for a small business loan with National Funding, we recommend contacting them to see what their minimum requirements are (since they do not display them online).

Are there any inaccuracies in this review? We take our accuracy very seriously and would love your feedback. Give feedback here.

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  1. User Score

    10

    June 29th, 2015 San Diego, CA

    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.

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