National Funding offers short-term working capital loans, equipment financing programs, and merchant cash advances. They provide loan amounts ranging from $5,000 to $500,000. In this article, we cover user reviews and rates. Ready to get started with National Funding? Apply now.
What National Funding Does Well
Users who gave National Funding a positive review are pleased with the quick approval and release of funding. They also said that the customer service representatives are friendly and helpful in explaining and answering their questions and concerns.
“The customer representatives are very helpful and quick to respond to all questions asked. They stay on top of your application and are with you the whole way even after getting your funds.”
—Jorge De Los Rios
What National Funding Does Not Do Well
Users who gave National Funding a negative review said that their interest rates are too high. Some of them added that the payment terms are short.
“Interest rate is too high considering they get payments daily starting immediately.”
National Funding Pricing
Since most of National Funding’s transactions are customized specifically for each user, details like repayment periods and additional fees vary. For a customized quote, you will need to contact National Funding directly. The company offers loan amounts from $5,000- $500,000.
In order to qualify for a loan, businesses should be at least a year old with annual gross sales of at least $100,000.
Users can also avail the equipment financing offer to get up to $150,000 to purchase or lease new or pre-owned business equipment. They can get an equipment lease as long as they have a FICO score of 620 and above and have been in business for over 6 months. The business then sends National Funding a quote from the vendor to get the process started.
Aside from the loan and equipment financing, National Funding also offers merchant cash advances to enterprises who accept credit cards as a mode of payment. They can get up to $250,000 in cash advance. Users need to have been in business for one year with monthly credit transactions of $3,000 and above can avail the offer. Interested businesses will need to complete an application and provide their credit statements for the last four months to apply.
|Types of Loans|
|Equipment Financing and Leasing|
|Merchant Cash Advance|
Ready to get started with National Funding? Apply now.
Top Lender Pick from Fit Small Business
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National Funding Features
Check out the list below of some of National Funding’s features:
- Easy, no cost, no obligation application
- Same day approvals
- No collateral required
- Automated payments
- No hidden fees or upfront costs
- And More
National Funding FAQ
How fast can the funds be deposited to a users account?
What are the payment options for equipment financing and working capital loans?