What does National Funding look at to approve a loan?

It reviews the last three months of bank statements along with the credit score, rather than applying the strict credit score cut-offs of a traditional bank. Term loans may be secured with business or personal collateral, or unsecured at a higher rate, and the company says it lends to businesses as young as one year old.

How quickly can the money arrive?

The company says an application can be approved and funds deposited into the business account in as little as 24 hours. A dedicated U.S.-based funding specialist contacts the applicant after the application to discuss options and carry the file through funding.

Equipment financing

National Funding

National Funding is a small business lender based in San Diego that funds working capital and equipment directly, with no broker and no marketplace between the applicant and the decision. It has been lending since 1999 and describes the model as one application, one team and one in-house decision.

Products are working capital loans from 6,000 to 500,000 dollars, business term loans, equipment financing and leasing, inventory financing, receivables financing and short-term loans. Underwriting reviews the last three months of bank statements alongside the credit score, and the company says it will lend to businesses as young as one year old; funds can be deposited in as little as 24 hours.

Applicants work with a dedicated U.S.-based funding specialist from application through funding. The company reports more than 100,000 customers, more than 7 billion dollars funded since 1999 and a 4.6 out of 5 customer rating on Trustpilot, and describes itself as a privately owned lender and one of the country's largest private lenders of small business funding.

Rates and fees are not published, and speed and flexible credit standards are the trade-off for cost. Ask for the total repayment amount and the payment frequency, and compare it against a bank or SBA option before signing.

Best for

Small business owners, including park, storage and RV operators, who need working capital or equipment money in days and can live with short-term pricing. Not for a borrower who can wait for a bank or SBA loan at a lower rate.

What they do

Working capital loans
Business term loans
Equipment financing
Equipment leasing
Inventory financing
Receivables financing
Short-term business loans

Details

Attribute	Value
Founded	1999
Ownership	Private

What stands out

Reports more than 100,000 customers and more than 7 billion dollars funded since 1999.
Offers working capital from 6,000 to 500,000 dollars, deposited in as little as 24 hours.
Funds directly rather than through a broker or marketplace, with the decision made in house.
Reports a 4.6 out of 5 customer rating on Trustpilot.
Reviews the last three months of bank statements alongside the credit score, and lends to businesses as young as one year old.

Common questions

What does National Funding look at to approve a loan?: It reviews the last three months of bank statements along with the credit score, rather than applying the strict credit score cut-offs of a traditional bank. Term loans may be secured with business or personal collateral, or unsecured at a higher rate, and the company says it lends to businesses as young as one year old.
How quickly can the money arrive?: The company says an application can be approved and funds deposited into the business account in as little as 24 hours. A dedicated U.S.-based funding specialist contacts the applicant after the application to discuss options and carry the file through funding.