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)
National Funding offers business loans with APRs ranging from 5.9% and up to 29.9%.
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.
Some lenders only provide business loans for certain purposes. National Funding offers considers loan applications for the following reasons:
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:
Yes, National Funding charges borrowers with a late payment fee of up to $10.
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.
Loan amounts start at $5,000 and go up to $500,000.
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.
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:
National Funding reports credit data to the following credit reporting agencies:
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.
Be the first to write a review for this company!Write a Review