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National Funding Business Loans
in Business Loans from National Funding
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National Funding Business Loans

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in Business Loans from National Funding
SuperMoney Net Recommendation Score +57  

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +57, equating to 4.1 on a 5 point rating scale.

+57

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Strongly recommended

4 users recommend
3 users are unsure
0 users don't recommend
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Highlights
Community Rating Strongly recommended
Loan Amount Up to $500,000
APR  (Variable APR) 5.9% - 36%
Loan Term (Months) Up to 60 months
Number of Reviews 7

National Funding Business Loans Review

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

National funding FAQ

What are National funding’s rates?

National funding offers a variable APR business financing product that ranges from 5.9% APR up to 36% APR.

Does National funding charge an origination fee?

Yes, National funding charges a loan origination fee of 1% to 2% of the business loan amount. National funding deducts the fee directly from your business 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 business loan?

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

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

What types of small business loans does National funding offer?

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

  • Unsecured Term Business Loans

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 business loan off early.

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

National funding offers small 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 Business Loans?

National Funding Business Loans requires companies to be in business for at least 6 months. Businesses must have a minimum annual revenue of $250,000 to be considered.

Applicants with a credit score of at least 600 and up to 850 may be eligible for National Funding Business Loans.

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 Business Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by National Funding Business Loans. Permanent resident / green card holders are also eligible to apply.

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 business loan application within 4 hours and fund small business loans within 1 business day of approval.

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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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. National Funding provides the following products:
  • Short Term Business Loans.
  • Unsecured Business Loans
  • Working Capital Loans
  • Business Loans for Women

Contact

Hours of Operation

  • Sunday Closed
  • Monday 7:30am - 4:30pm
  • Tuesday 7:30am - 4:30pm
  • Wednesday 7:30am - 4:30pm
  • Thursday 7:30am - 4:30pm
  • Friday 7:30am - 4:30pm
  • Saturday Closed

About National Funding Business Loans

Availability

  Available in 50 states and Washington, D.C.
  • Alaska
  • Alabama
  • Arkansas
  • Arizona
  • California
  • Colorado
  • Connecticut
  • Washington, DC
  • 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

Feature Breakdown

No Prepayment Fee
Late Fee Amount $10
Origination Fee (%) 1% - 2%
Credit Score Range 600 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Months in Business 6
Minimum Revenue $250,000
Verification Documents Required
  • Proof of Income
  • Driver License (or other photo ID)
Business Loan Type Unsecured Term Loan
Collateral Requirement Unsecured
Intended Use of Funds
  • Equipment Purchase
  • Lease Improvements
  • New Location
  • Product or Service Expansion
  • Working Capital
  • Business Debt Refinance
  • Inventory
  • Payroll
  • Hiring
  • Technology Investment
  • Other (All)
  • Marketing
  • Emergency Repairs
Approval Speed 4 hours
Funding Time Range Starting at 1 day
Lender Features
  • Loan Restructuring Option
  • Pre-Approved Soft Credit Inquiry
Payment Options
  • Automatic Payments
  • Bank Transfer
Loan Amount Up to $500,000
APR (Variable APR) 5.9% - 36%
Loan Term Up to 60 months

National Funding Business Loans Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +57, equating to 4.1 on a 5 point rating scale.

+57

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

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