Features

Where does Strategic Nationwide Funding do business?

Strategic Nationwide Funding is a direct lender based in Friday Harbor, WA. It was founded in 2010 and offers access to business loans in 50 states (and Washington, DC)..

Does Strategic Nationwide Funding charge an origination fee?

Yes, Strategic Nationwide Funding charges a loan origination fee. 

What limitations does Strategic Nationwide Funding set on the purpose of the loan?

Some lenders only provide business loans for certain purposes. Strategic Nationwide 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 Strategic Nationwide 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. Strategic Nationwide Funding provides access to the following business loan types:

  • Merchant cash advances

Does Strategic Nationwide Funding charge a late fee?

No, Strategic Nationwide Funding will not charge you a late fee. Yes, Strategic Nationwide Funding charges borrowers with a late payment fee.

Does Strategic Nationwide Funding charge prepayment fees?

Yes, Strategic Nationwide Funding charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.

How much can you borrow from Strategic Nationwide Funding?

Loan amounts start at $10,000 and go up to $1,000,000.

What do you need to qualify for a loan with Strategic Nationwide Funding?

Strategic Nationwide Funding doesn’t disclose its credit score minimum.

Strategic Nationwide Funding requires businesses to be in business for at least 6 months in business. Active duty servicemembers and their covered dependents are eligible to apply for a loan via Strategic Nationwide 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:

  • Recent pay stubs
  • Proof of income

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

Strategic Nationwide Funding can approve (or deny) a loan application within 3 hours and fund business loans within 24 business days of approval.

  • Employment Statuses Considered
    • Employed Full-Time
    • Employed Part-Time
    • Other
    • Retired
    • 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
    6
  • Minimum Revenue
    $10000
  • Verification Documents Required?
    • Proof of Income
    • Recent Pay Stubs
  • Business Loan Type
    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)
    3
  • Funding Time Range (in days)
    24 - 48
  • Loan Amount
    $10000 - $1000000
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