Where does National Funding do business?

National Funding is a direct lender based in San Diego, CA. It was founded in 1999 and offers access to business loans in 50 states (and Washington, DC)

What are National Funding’s rates?

National Funding offers business loans with APRs ranging from 5.9% and up to 29.9%.

Does National Funding charge an origination fee?

Yes, National Funding charges a loan origination fee of 0% to 2% of the loan amount. National Funding deducts the fee directly from your loan amount before depositing your money, 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?

Some lenders only provide business loans for certain purposes. National Funding offers considers loan applications for the following reasons:

  • Equipment purchase
  • New location
  • Product or service expansion
  • Working capital
  • Business debt refinance

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 for a National Funding business loan?

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 a loan with National Funding?

Applicants with a credit score of at least 300 can apply for a loan via National Funding.

National Funding requires businesses to be in business for at least 1 year in business. Active duty servicemembers and their covered dependents are eligible to apply for a loan via National Funding. Its rates and terms 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:

  • Driver's license
  • Proof of income

Does National Funding report loan payments to credit bureaus?

National Funding reports credit data to the following credit reporting agencies:

  • Equifax

How does National Funding describe itself?

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.

  • Max Loan Term (Months)
  • Institution Type
    Direct Lender
  • Credit Score Range
    300 - 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 Revenue
  • Minimum Years in Business
  • Verification Documents Required?
    • Proof of Income
    • Driver License (or other photo ID)
  • Late Fee Amount
  • No Prepayment Fee
  • Origination Fee
    Up to 2%
  • Business Loan Type
    • Unsecured Term Loan
    • Merchant Cash Advance
  • Intended Use of Funds
    • Business Debt Refinance
    • Equipment Purchase
    • Lease Improvements
    • New Location
    • Product or Service Expansion
    • Working Capital
  • Approval Speed (Hours)
  • Credit Bureau Reporting
  • Loan Amount
    $5000 - $500000
  • APR
    5.9% - 29.9%
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