
National Funding Merchant Cash Advance
in Merchant Cash Advance from National Funding
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National Funding Merchant Cash Advance
in Merchant Cash Advance from National Funding
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Factor Rate | N/A |
Loan Amount | Up to $250,000 |
Minimum Revenue | $36,000 |
APR (Variable APR) | 17% - 36% |
National Funding Merchant Cash Advance Review
National Funding Merchant Cash Advance is offered by National Funding, a direct lender founded in 1999 and based in San Diego, CA. National Funding Merchant Cash Advance is available in 50 states (and Washington, DC).
What APRs does National Funding Merchant Cash Advance offer?
Does National Funding Merchant Cash Advance charge a late fee?
Yes, National Funding Merchant Cash Advance charges borrowers with a late payment fee of up to $10.Does National Funding Merchant Cash Advance charge prepayment fees?
No, National Funding Merchant Cash Advance does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the National Funding Merchant Cash Advance off early.
What types of repayment method does National Funding Merchant Cash Advance accept?
National Funding Merchant Cash Advance accepts the following repayment method from the Merchant:
- Split withholding
- ACH withholding
How often does National Funding Merchant Cash Advance process payments?
National Funding Merchant Cash Advance processes payments daily based on your business's credit card transactions. This means that a percentage of your transactions will automatically be sent to National Funding Merchant Cash Advance as payment for your cash advance until the full amount is paid.
Does National Funding Merchant Cash Advance charge an origination fee?
Yes, National Funding Merchant Cash Advance charges a origination fee of 1% to 5% of the total amount advanced. National Funding Merchant Cash Advance deducts the fee directly from your merchant cash advance amount before disbursing merchant cash advance proceeds, so make sure you take this fee into account when deciding how much you need to borrow.
What is the minimum repayment amount required by National Funding Merchant Cash Advance?
There is no minimum repayment ammount.
What is the estimated funding time for a merchant cash advance via National Funding Merchant Cash Advance?
National Funding Merchant Cash Advance can approve (or deny) a merchant cash advance application within 4 hours and fund your merchant cash advance within 1 business day of approval.
What do you need to qualify for National Funding Merchant Cash Advance?
Applicants with a credit score of at least 575 and up to 850 may be eligible for National Funding Merchant Cash Advance.National Funding Merchant Cash Advance does not have or does not disclose a minimum annual income eligibility requirement.
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 Merchant Cash Advance. 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 Merchant Cash Advance. Permanent resident / green card holders are also eligible to apply.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Recent bank statements
- Business formation documents
- Driver's license
- Proof of identity
- U.S. tax identification number
What limitations does National Funding Merchant Cash Advance set on the purpose of the merchant cash advance?
National Funding Merchant Cash Advance considers merchant cash advance 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
Contact
- Headquarters
-
9530 Towne Centre Drive
San Diego, CA 92121 - (888) 733-2383
- Visit Site
Other Services by National Funding
Message From National Funding
Availability
- 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% |
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