National Funding, a leading provider of small business financing options, has been helping creators and small business owners since 1999. With a focus on providing quick access to capital and individual service, National Funding has become a trusted name in the industry.
Loan Options to Meet Your Business Needs
National Funding offers a range of loan packages meant to cater to the various needs of small businesses:
Working Capital Loans
These loans provide companies with the funds needed to handle day-to-day costs and keep cash flow. With loan amounts ranging from $10,000 to $500,000 and payback terms of 4 months to 2 years, businesses can access the cash they need to keep operations running smoothly[1][3].
Short-Term Business Loans
For companies that require a brief increase of cash, National Funding’s short-term business loans offer a solution. These loans can be returned within 12 to 18 months, giving a quick boost to business finances[4].
Equipment Financing
Acquiring important tools is crucial for many businesses, and National Funding’s equipment loan choices make it easier. With loan amounts up to $150,000 and payback terms of 2 to 5 years, businesses can secure the tools they need without hurting their cash flow[1][3].
Eligibility and Application Process
To apply for a National Funding business loan, certain factors must be met:
- Minimum credit score of 600
- Business must be in business for at least six months – Minimum annual sales of $250,000[1][3][4]
The entry process is meant to be fast and simple. Businesses can fill out an easy online form, talk their needs with a Funding Specialist, and receive a decision within 24 hours of approval[4][5].
Competitive Rates and Fees
National Funding offers cheap rates and fees for its business loans. The starting interest rate for working capital loans and equipment lending is 1.11%, and processing fees run from 1.00% to 2.00% of the loan amount[1][3].
While National Funding’s rates may be higher than standard bank loans, the company’s freedom and quick approval process make it an attractive choice for companies that need fast access to capital[2].
Customer Satisfaction and Reviews
National Funding has gained a great name for customer happiness, with a Trustpilot rating of 4.5 out of 5 stars and an A+ rate from the Better Business Bureau[3].
Customers have praised the company’s helpful customer service, quick approval process, and ability to provide funds for business growth and expansion[1]. Some have noticed that the interest rates and fees may be higher compared to other lenders, but many value the ease and freedom of National Funding’s loan options[2].
Advantages of Working with National Funding
There are several benefits to picking National Funding for your small business funding needs:
- Quick access to capital: With funds available within 24 hours of acceptance, businesses can quickly address their financial needs[4].
- Flexible payback terms: National Funding gives repayment terms that range from a few months to several years, allowing businesses to choose a plan that fits with their financial capabilities[1].
- Personalized service: Each business is given a personal Funding Specialist who works closely with them to understand their unique needs and find the best funding solution[5].
- No collateral or down payment required: National Funding’s loans do not require collateral or a down payment, making them available to a bigger range of businesses[2].
Conclusion
National Funding has established itself as a trusted partner for small businesses seeking financial options. With a range of loan choices, reasonable rates, and a focus on customer happiness, National Funding is well-positioned to support the growth and success of businesses across various industries.
By carefully considering their financing needs, application standards, and the terms offered by National Funding, small business owners can make informed decisions about whether a National Funding business loan is the right choice for their unique financial requirements.