National Funding Small Business Loans Review

About National Funding

National Funding

Founded in 1999, National Funding is one of the country's leading financial technology companies for small and medium-sized businesses, providing working capital loans, equipment financing, merchant cash advances and credit card processing. National Funding has provided more than $1 billion in capital for over 20,000 businesses nationwide. The company believes in American small business owners, and strives to provide fast turnaround, flexible solutions and great service to all of its customers and clients in a diverse range of industries including: automotive, construction, excavation, manufacturing, retail, packaging, printing, restaurant, telecommunications, trucking, and waste management, among others. The company was recognized on the Inc. 500 | 5000 list for the past three years, as well as one of San Diego Business Journal’s Fastest Growing Companies for the past three years.

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Interest Rates
Fees & Closing Cost
Customer Service

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What is National Funding?

National Funding has provided working capital and equipment financing to small business owners since 1999. The company is based in San Diego and operates online. National Funding has provided more than $2 billion in capital to over 35,000 small businesses nationwide and has loaned the most money to businesses in California, Texas and Florida.

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Lender highlights

  1. Fast approval and funding. Like most online lenders, National Funding advertises approval and funding in as little as 24 hours. However, it could take up to a week to see the funds in your bank account.
  2. Partner services are available. National Funding offers two partner services: Vendor Advantage Program and Broker Services Program. By participating in the Vendor Advantage Program, you earn cash for referring customers to National Funding’s equipment financing. The Broker Services Program helps brokers and independent sales organizations provide loans to their customers.
  3. Your information won’t be up for sale. National Funding does not sell, share or trade borrowers’ personal information with third parties for marketing purposes without consent, which is a common policy among reputable online lenders. However, National Funding does share credit reports, credit card processing statements and other documents with the parties involved in approving your loan.

What National Funding offers?

National Funding provides a variety of short-term financing options with quick turnaround time. Here’s a snapshot of National Funding’s products.

Small business loan

  • Automatic payments
  • No collateral required
  • No restrictions on the use of the loan

Equipment financing

  • Available for new or pre-owned equipment
  • Flexible payment options, such as seasonal, quarterly and skip payments
  • Price quote needed from the equipment seller

Merchant cash advance

  • Automatic payments from your business’ credit card sales
  • No collateral required
  • No fixed payments or upfront costs
National Funding: At a glance
Loan product Loan amount Loan term APR range/ factor rate Fees Time to funding
Small business loan $5,000 to $1,000,000 3 months to 5 years Not provided by the lender Not provided by the lender 24 hours to 7 days
Equipment financing Up to $150,000 Not provided by the lender Not provided by the lender Not provided by the lender 24 hours to 7 days
Merchant cash advance Up to $250,000 Not provided by the lender Not provided by the lender Not provided by the lender As soon as 24 hours

Rates current as of 6/20/2018

Eligibility requirements

Loan product Annual revenue Min. business credit score or personal credit score Time in business
Small business loan $100,000 in annual gross sales Not provided by the lender 1 year
Equipment financing Not provided by the lender FICO score of 620 or higher 6 months
Merchant cash advance $3,000 in monthly credit card transactions Not provided by the lender 1 year


Businesses that are not eligible for National Funding loans:

National Funding requires small businesses to be operational for at least six months to qualify for equipment financing and one year for its other products. Based on these restrictions, startup businesses would not be eligible for financing from National Funding.

How to apply for National Funding financing

Applicants can fill out a one-page form online. When you apply, National Funding will ask for your business name, address and tax identification number. National Funding may also ask for your driver’s license, in addition to the following documents:

  • Three months’ worth of business bank statements (for small business loans)
  • Equipment quote from vendor (for equipment financing)
  • Last 4 months of credit card statements (for merchant cash advance)


Pros Cons
 Credit is not a deciding factor.   Rates are not available
  Fast time to funding.   Requirements are unclear.
  Early payoff discounts available.   Startup businesses are not

Who is the best fit?

National Funding offers loans to businesses in a wide range of industries, catering to business owners with equipment needs and those with poor credit. However, equipment financing requires a FICO score of at least 620, so businesses with lower credit may not qualify for that type of funding.

National Funding tailors its product offerings to specific industries, specializing in the following areas:


  • Agriculture
  • Beauty and wellness
  • Chiropractic
  • Construction and contractors
  • Dental
  • Medical
  • Restaurant
  • Retail
  • Trucking

Equipment Financing

  • Automotive repair
  • Commercial trucks and vehicles
  • Construction and contractors
  • Heavy equipment and machinery
  • Dental
  • Farming
  • Fitness
  • Landscaping
  • Manufacturing
  • Medical
  • Restaurant
  • Standard offices

National Funding also customizes its offerings for women-owned, minority-owned and veteran-owned businesses.

Fine print

Rates and fees are not readily available online and are likely not disclosed until you go through the application process. The lack of information could make it difficult to compare National Funding to other lenders when shopping for a specific product. You should call a loan specialist at the toll-free number 1-888-733-2383, to find out what you qualify for.

The bottom line: How National Funding stacks up

National Funding offers several business financing options without strict credit requirements or industry limitations. National Funding’s simple application and short time to funding is similar to other online lenders. However, National Funding’s website is a bit more difficult to navigate compared to similar lenders, and loan details are not accessible. National Funding also does not list executives or founding members on its site, as many other lenders do. Although the lender does not share many details online, National Funding’s nearly 20 years in operation indicates effective business practices.

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