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National Funding Review


ConsumersAdvocate.org Rating: 4.6 / 5 (Excellent)
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Founded in 1999, National Funding is a veteran lender that offers small business loans and equipment financing to companies nationwide. The company serves customers in a wide variety of industries and offers loans up to $500,000, an easy application process, and funding in as few as 24 hours. National Funding is located in San Diego, California.
 
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How is National Funding rated?

Breakdown

4.4/5
Loan Options
4.4/5
Application Requirements
4.7/5
Average Rates & Fees

Overall Rating: 4.6 / 5 (Excellent)

National Funding offers consumers business loans for a wide variety of purposes, including working capital loans, unsecured business loans, short term loans and equipment financing. Customers may apply for up to $500,000 in funding.

National Funding's application/approval process is extremely simple and quick, which aids applicants in deciding whether to do business with the company or seek greener pastures. When you do business with the company, you're assigned a dedicated funding specialist who educates you on your options and guides you through the application process.

With a loan from National Funding, customers may receive funding in as few as 24 hours. Other benefits include an early repayment discount of 7% when a loan is paid in full within 100 days of its issue date. Depending on the type of loan you take out, terms between 24 and 72 months are available.

National Funding has an excellent online reputation. It earns an A+ rating from the Better Business Bureau and 4.7 out of 5 stars from consumer reviewers on Trust Pilot.

Loan Options

Available Loan Types

SBA Loans
Revenue-based Financing
Equipment Funding
Working Capital Loans
Term Loans
Lines of Credit
Invoice Financing
Merchant Cash Advances
Equipment Loans

Term Loans

Min Loan Amount
$5,000
Max Loan Amount
$500,000
Min Term Length
4 months
Max Term Length
18 months
Repayment Terms
National Funding offers businesses the option of making daily or weekly payments.

Equipment Loans

Max Loan Amount
$150,000
Min Term Length
24 months
Max Term Length
60 months
Repayment Terms
When you take out an equipment financing loan, you are required to make payments monthly. Companies must be in business for two years to qualify for an equipment loan.

Loan Options - 4.4 / 5

National Funding has several lending products available for small business owners.

Among them are working capital loans, unsecured business loans, short-term loans, and equipment loans. Loan term lengths or repayment details are variable. Maximum loan amounts vary depending on the type of loan you seek, as do repayment options.

National Funding Rates & Fees

Average Rates & Fees - 4.7 / 5

National Funding's website does not provide any information about its loan interest rates, APRs, and fees.

Application & Qualifications

Online Application
Approval Time
Decision in as little as 24 hours
Funding Time
As little as 24 hours
Min. Annual Revenue
$250,000

Application Requirements - 4.4 / 5

Consumers can apply for National Funding loans through a short, one-page online application.

Depending on the type of loan requested, additional requirements may be needed. For example, small business loans require a minimum of 6 months in business and $250k annual gross sales. Equipment financing applicants must have been in business for two years. Applications must be accompanied by bank statements going back a minimum of three months, as well.

To be approved for a National Funding loan, businesses must have a fair to excellent credit score (600-850). The interest rate you are offered on your loan will reflect your credit score and history.

The company’s ability to approve funding in as short as 24 hours is dependent on the applicant submitting all required documentation in a timely manner.

National Funding Reputation

Customer Feedback

Trustpilot Score
4.8 out of 5
BBB Rating
A+
BBB Negative Reviews
0
Date Collected
2022-11-17

Consumer Education - 4.8 / 5

National Funding publishes a blog that covers many topics of interest to small businesses. The company's website \provides feature and benefit information on the many types of loans it offers. In addition, National Funding prides itself on its personalized service. When you work with the company, you are assigned a personal funding specialist who can answer your questions as you go through the application process.

Contact & Additional Information

Homepage URL
https://www.nationalfunding.com/
Company Phone
(888) 733-2383
Headquarters Address
9530 Towne Centre Drive, San Diego, CA, 92121

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Customer Comments & Reviews

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P
Pankaj M
11/3/2018
Every small business owner want finance must read : I apply for my Business funding, they approve $15,000 to 25,000 for 12 Month finance and gave me below option. 3% Origination fee. $15,000 need to pay $20,697.60 with $78.40, Term Daily with 264 payments M to F (5 days in week) finish loan in 1 year. I calculated interest is more than 75%. You need to count compound interest rates because they are getting everyday installment and invest in other loans. Also I calculated $25,000 need to pay 34,499.52 with daily payments $130.68 (264 payments daily M to F) for 1 year. which interest comes to more than 80%. Is their any California law on interest rate cap? Instead of growing business, I... Read More

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Applying won’t affect credit score

  • Loan Amounts: $5,000 to $250,000
  • Average Yearly Revenue requirements: $100,000
  • Minimum Credit Score: 625 FICO
  • Minimum Time in Business to apply: 1 year
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