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National Funding

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LAST UPDATED: October 13th, 2022

National Funding provides small businesses with working capital loans. The company networks with a wide variety of vendors and offers equipment leasing for some borrowers. These services are offered nationwide.

With National Funding, no collateral is required and funding turnaround can be as quick as 24 hours. The small business lender offers a wide variety of lending solutions ranging from $5,000 to $500,000 and has been in business since 1999.

Continue reading our National Funding review to learn about the company's pros and cons or jump straight to the National Funding reviews from past borrowers. 


The Good

  • Fair to Excellent Credit to Qualify
  • Loan Amount Available 
  • Loan Types
  • No Collateral Required
  • No-Risk Application

Fair to Excellent Credit to Qualify

You must have fair to excellent credit to qualify for a National Funding loan. The lowest credit score the company will consider loaning to is 600.

To improve your chances of obtaining a loan, take the following steps: 

  1. Know your personal credit score before you apply.
  2. Research your options based on eligibility requirements.
  3. You may be able to qualify by virtue of your years in business or annual revenue, even if your credit score isn’t great.
  4. Consider providing collateral via invoice factoring or equipment financing. In these cases, unpaid customer invoices or the equipment you finance can serve as collateral.
  5. Consider using a co-signer with a favorable credit score and steady income.
  6. Choose your best option from loans for which you qualify, which will most likely be from an alternative financing company like National Funding versus a traditional bank loan. 

Loan Amount Available 

The lender has a wide range of business funding solutions with loan amount options ranging from $5,000 to $500,000. Many business loan companies only offer $200,000 or less.

Having a large range of business loans means that the lender is a viable option for more borrowers than those qualifying for cash from a traditional lender. This increases your chances of funding and ensures the company can best serve you with offerings that fit your financing needs as a borrower. 

Loan Types

With National Funding, there are two solutions for business owners to choose from:

  • Small business loans (secure working capital and unsecured business loan) 
  • Equipment financing and leasing

Small Business Loans

National Funding offers small business loans up to $500,000. The company has helped over 50,000 businesses and funded more than $3 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. Loan use may vary by loan type, but loan funds can generally be used for payroll, debt consolidation, equipment, marketing, or other needs. 

To qualify, you need to be in business for at least 6 months and have a minimum of $250,000 in annual gross sales.

Here are some additional metrics for National Funding's small business loans:

  • Loan term: up to 24 months
  • Starting rate: 1.10 factor rate
  • Early repayment discount: 7% of remaining balance if paid in fulll within first 100 days
  • Repayment schedule: daily or weekly
  • Fees: 1–3% origination fee

Working Capital Loans

You can get a secure working capital loan for inventory, payroll, marketing, cash flow, equipment costs, taxes, or other expenses. National Funding offers working capital loans that are deducted daily based upon the business's future credit card invoices. 

When applying for this type of loan, you’ll need three months of statements from your bank account. Following your application, you’ll receive approval or denial in as little as one business day. 

Equipment Financing and Leasing

National Funding offers equipment financing and leasing to help businesses access equipment without compromising their existing capital.

National Funding offers equipment financing and leasing for new or used 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. 

Because every business owner and business is unique, National Funding will establish a loan term that works for 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 must meet the company's minimum requirements for credit score (fair to excellent) and time in business (two or more years). 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.

Here are some additional metrics for National Funding's equipment financing loans:

  • Loan term: 2–5 yeras, 72 months available in special cases
  • Starting rate: 4.99% simple interest
  • Early repayment discount: 6% of remaining balance
  • Repayment schedule: monthly
  • Fees: 1–3%

No Collateral Required

National Funding does not require collateral where some other business lenders do. That means if you're a small business owner, 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.

But keep in mind that if you have poor credit, choosing to offer collateral can increase your chances of obtaining a small business loan. 

No-Risk Application

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.

You can fill out the loan application online. 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. 

Quick Funding

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. 

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The Bad

  • No Special Interest Group Products 
  • No Merchant Cash Advance, SBA Loan, or Line of Credit 

No Special Interest Group Products 

National Funding makes a point of affirming that it provides business loan options to minorities, veterans, and women, which demonstrates the company’s commitment to serving all small business owners. 

However, there are no special loan products for those groups. Prospective borrowers should be aware that additional, specialized assistance to these groups is limited to a curated list of resources on National Funding’s blog, not specific loan products. 

No Merchant Cash Advance, SBA Loan, or Line of Credit 

Additionally, National Funding does not appear to provide merchant cash advance, SBA loan, or line of credit financing options at this time. 


The Bottom Line

National Funding offers a number of attractive features, including a variety of products, quick approval, and one-day funding.

And since the online lender has been providing capital to businesses nationwide since 1999, it has the experience to back up its claims to providing funding solutions to tens of thousands of businesses in a variety of industries. 

National Funding's financing options are great for short term loan solutions and debt consolidation loan uses, among other business funding needs. However, it doesn't offer federal funding through SBA loans. 

If you’re not sure what type of financing is best for your situation, no worries: National Funding provides you a personalized loan specialist to help you apply for, qualify for, and obtain a customized funding option that meets your needs. 

You can find National Funding reviews below if you’re interested in hearing what past and current customers have to say about the lending option.

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Mary Kate F Greenville, SC

National Funding is a reputable funding company that is perfect if you need a quick loan and will be able to pay it back. They processed my loan and payed it out relatively rapidly, and they kept the whole process smooth and simple, informing me along every step of the way. My only complaint is that you should be careful about how much info you give out… you will receive incessant phone calls, and be wary that if you own a small business, National Funding might not be the right option for you as they tend to prey upon smaller companies with their daily payments. However, overall satisfied with National Funding’s reasonable rates, and customer service!

1 year ago Edited March 25, 2022


Verified Customer


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Well they are so helpful in funding a business especially one with credit issues the interest rates are exorbitant."

3 years ago


Verified Customer


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Matthew Meredith Wills Point, TX

interest is high, but its unsecured funds, so I understand. I would put 5 stars if our rates were lower.

3 years ago


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Phillip Giles Fletcher, OK

I think the loan percentage is way to high

3 years ago