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National Funding

in Business Loans from National Funding

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National Funding

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in Business Loans from National Funding

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Highlights
Highlights
Loan Amount $5,000 - $500,000
APR 5.9% - 29.9%
Loan Term Up to 60 months

National Funding Review

Where does National Funding do business?

National Funding is a business financing offering by National Funding, based in San Diego, CA. Founded in 1999, National Funding offers access to business loans in 50 states (and Washington, DC).

What are National Funding’s rates?

National Funding offers a business financing product that ranges from 5.9% APR up to 29.9% APR.

Does National Funding charge an origination fee?

Yes, National Funding charges a loan origination fee of 1% to 5% of the loan amount. National Funding deducts the fee directly from your loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.

What limitations does National Funding set on the purpose of the loan?

National Funding considers loan applications for business purposes, such as:

  • Business Debt Refinance
  • Equipment Purchase
  • Hiring
  • Inventory
  • Lease Improvement
  • New Location
  • Payroll
  • Product or Service Expansion
  • Technology Investment
  • Working capital

What types of business loans does National Funding offer?

Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. National Funding provides access to the following business loan types:

  • Unsecured term loans
  • Merchant Cash Advances

Does National Funding charge a late fee?

Yes, National Funding charges borrowers with a late payment fee of up to $10.

Does National Funding charge prepayment fees?

No, National Funding does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

How much can you borrow from National Funding?

Loan amounts start at $5,000 and go up to $500,000.

What is the maximum loan term you can get with National Funding?

National Funding offers business loans with a maximum term of 60 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for National Funding?

National Funding requires companies to be in business for at least 12 months. Businesses must have a minimum annual revenue of $100,000 to be considered.

Applicants with a credit score of at least 500 and up to 850 are eligible for National Funding.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via National Funding. Their rates fall within the limits of The Military Lending Act.

Only U.S. citizens and permanent residents can apply for a loan.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Driver's license

What is the estimated funding time for a business loan via National Funding?

National Funding can approve (or deny) a loan application within 4 hours and fund business loans within 1 business day of approval.

Does National Funding report your account activity to credit bureaus?

National Funding reports your account activity to the following credit reporting agencies:

  • Equifax

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and can help improve your credit score.

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Message from National Funding

Since 1999, National Funding has supported business owners by lending them over $2 Billion to boost their growth. Over the years we’ve become one of the nation’s most reputable business lenders by catering to the specific needs of each business, providing funds quickly, and offering early payoff discounts. When borrowing from National Funding, businesses are creating a lasting partnership with experts in the industry.

About National Funding

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Prepayment Fee  
Late Fee Amount $10
Origination Fee 1% - 5%
Credit Score Range 500 - 850
Employment Statuses Considered
  • Other
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Months in Business 12
Minimum Revenue $100,000
Verification Documents Required
  • Proof of Income
  • Driver License (or other photo ID)
Funding Time Range (in days) Starting at 1
Approval Speed (Hours) 4
Credit Bureau Reporting
  • Equifax
Loan Amount $5K - $500K
APR 5.9% - 29.9%
Loan Term Up to 60

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