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Up to $500,000
Min. credit score
Time to funding
As soon as the next business day
Since its inception in 1999, San Diego-based National Funding has served small businesses with short-term working capital loans and equipment financing. To date, the company has originated more than $4.5 billion in loans for over 75,000 businesses. Whether you’d like a working capital loan or equipment loan, you can enjoy lenient qualification requirements and fast funding.
Revenue-based financing from National Funding can come in handy if you’d like to cover the cost of everyday expenses, like payroll, marketing, inventory, and taxes. This is particularly true if you’re a seasonal business or would like to avoid cash flow shortages. Here are the details on National Funding’s working capital products.
Overall, National Funding is a solid pick for small businesses in need of fast working capital loans. The company offers fast approvals and funding. It serves businesses in a variety of industries, such as agriculture, construction, law, and real estate. However, to take advantage of its offerings, you must prove at least $250,000 in annual gross sales and repay what you borrow on a daily or weekly basis. Here’s how National Funding compares to some of the other best business loans out there.
As long as you provide all of the required information and documents in a timely manner, National Funding may approve your application within 24 hours. Upon approval, you can receive funding as soon as the next business day. This is a huge benefit, as traditional loans from banks and credit unions often take days or even weeks.
National Funding’s short-term working capital loans require daily or weekly payments. The company will debit your first payment the day after you receive your funds automatically. If you’re a startup or newer business, this type of repayment structure may hinder your cash flow. Other lenders and loans accept monthly repayments which might be easier to manage, especially if you’re already stretched thin.
Some lenders will penalize you for repaying your loan early with prepayment fees. National Funding, however, will reward you with an early repayment discount. If you pay back your working capital loan in full within the first 100 days, you’ll score a 7% discount.
National Funding offers customer care Monday through Friday from 7:30 a.m. to 4:30 p.m. PT. Many reviewers state that its funding specialists are friendly and knowledgeable. You can contact them at 800-294-1702. Please note that, at this time, there is no online chat feature.
Revenue-based financing typically includes a factor rate and an origination fee. NationalFunding’s factor rate starts at 1.1. Origination fees include 2.5% on the first loan, 1.25% on the second loan and 0% on the third loan.
To build or improve your business credit score, you’ll need to maintain a history of on-time payments and borrow from lenders who report them. Unfortunately, National Funding does not do this. Even if you make your payments on time, every time, you won’t see any positive changes in your credit score.
National Funding has an excellent 4.8-star ranking on TrustPilot. It sports more than 1,500 reviews, 86% of which are “excellent.” Most of the excellent reviews mention the professional, helpful representatives and fast funding. National Funding also earned an A+ rating from the Better Business Bureau (BBB).
*The information contained in this page is Lendio’s opinion based on Lendio’s research, methodology, evaluation, and other factors. The information provided is accurate at the time of the initial publishing of the page (October 21, 2022). While Lendio strives to maintain this information to ensure that it is up to date, this information may be different than what you see in other contexts, including when visiting the financial information, a different service provider, or a specific product’s site. All information provided in this page is presented to you without warranty. When evaluating offers, please review the financial institution’s terms and conditions, relevant policies, contractual agreements and other applicable information. Please note that the ranges provided here are not pre-qualified offers and may be greater or less than the ranges provided based on information contained in your business financing application. Lendio may receive compensation from the financial institutions evaluated on this page in the event that you receive business financing through that financial institution.
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California loans made pursuant to the California Financing Law, Division 9 (commencing with Section 22000) of the Finance Code. All such loans made through Lendio Partners, LLC, a wholly-owned subsidiary of Lendio, Inc. and a licensed finance lender/broker, California Financing Law License No. 60DBO-44694.