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National Funding Business Loans

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National Funding Business Loans

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in Business Loans from National Funding

Net Recommendation Score +100%

SUPERMONEY NET RECOMMENDATION SCORE

+100%

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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Highlights
Community Rating

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Loan Amount $5,000 - $500,000
APR  (Variable APR) 5.9% - 29.9%
Loan Term (Months) Up to 60 months

National Funding Business Loans Review

National Funding Business Loans 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).

National Funding Business Loans FAQ

What are National Funding Business Loans’s rates?

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

Does National Funding Business Loans charge an origination fee?

Yes, National Funding Business Loans charges a loan origination fee of 1% to 5% of the loan amount. National Funding Business Loans 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 Business Loans set on the purpose of the loan?

National Funding Business Loans 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 Business Loans 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 Business Loans provides access to the following business loan types:

  • Unsecured term loans
  • Merchant Cash Advances

Does National Funding Business Loans charge a late fee?

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

Does National Funding Business Loans charge prepayment fees?

No, National Funding Business Loans 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 Business Loans?

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

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

National Funding Business Loans 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 Business Loans?

National Funding Business Loans 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 575 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 Business Loans?

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

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Other Services by National Funding

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.

Availability

  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 575 - 850
Employment Statuses Considered
  • 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 12
Minimum Revenue $100,000
Verification Documents Required
  • Proof of Income
  • Driver License (or other photo ID)
Loan Amount $5,000 - $500,000
APR (Variable APR) 5.9% - 29.9%
Loan Term Up to 60 months

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SUPERMONEY NET RECOMMENDATION SCORE

+100%

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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