{"id":17264,"date":"2021-06-08T00:10:55","date_gmt":"2021-06-08T07:10:55","guid":{"rendered":"https:\/\/financer.com\/?post_type=company_single&p=17264"},"modified":"2024-08-19T05:27:21","modified_gmt":"2024-08-19T12:27:21","slug":"national-funding","status":"publish","type":"company_single","link":"https:\/\/financer.com\/company\/national-funding\/","title":{"rendered":"National Funding"},"content":{"rendered":"\n
We spent 17 hours researching and testing National Funding, comparing it to the best alternatives on the market, so you don’t choose the wrong business lender and miss out on optimal financing.<\/p>\n\n\n
Ultimately, National Funding could be an excellent choice if you:<\/p>\n
\n\t Apply Now <\/a>\n\t<\/p><\/div>\n\n\n Overall, we score National Funding 4.2 out of 5. If you choose National Funding, you’ll benefit from fast funding and flexible options for both working capital and equipment financing.<\/p>\n\n\n\n Fast funding, with loans available in as little as 24 hours, perfect for businesses needing quick cash infusion.<\/p>\n<\/li> Flexible loan options, offering both working capital and equipment financing to suit various business needs.<\/p>\n<\/li> Lower credit score requirement (600 FICO), making it accessible for businesses with less-than-perfect credit.<\/p>\n<\/li> No prepayment penalties, allowing you to save on interest by paying off your loan early.<\/p>\n<\/li> Simple online application process, saving you time and hassle when applying for funding.<\/p>\n<\/li> Personalized customer service, with dedicated loan specialists to guide you through the process.<\/p>\n<\/li><\/ul><\/div>\n\n Higher costs compared to traditional bank loans, which may impact overall affordability for some businesses.<\/p>\n<\/li> Shorter repayment terms for working capital loans (up to 18 months), potentially leading to higher monthly payments.<\/p>\n<\/li> Lack of transparency in fee structure, making it challenging to calculate the total cost of borrowing upfront.<\/p>\n<\/li><\/ul><\/div>\n\n\n National Funding offers a balance of accessibility and speed, making it an attractive option for small businesses needing quick financing. <\/p>\n\n\n\n However, the higher costs associated with their loans mean it’s crucial to carefully consider your business’s financial situation and repayment ability before committing.<\/p>\n\n\n\n National Funding caters to small business owners who need quick access to capital or equipment financing. <\/p>\n\n\n\n Their services are particularly well-suited for entrepreneurs who may not qualify for traditional bank loans due to credit issues or limited time in business.<\/strong><\/p>\n\n\n <\/p>\n <\/p> \n\t Apply Now <\/a>\n\t<\/p><\/div>\n\n\n National Funding is ideal for small business owners who need fast access to working capital or equipment financing. <\/p>\n\n\n\n If you’re looking to seize a time-sensitive business opportunity, bridge a cash flow gap, or upgrade your equipment without a long wait, National Funding could be your go-to lender. <\/p>\n\n\n\n Their lower credit score requirement makes them particularly attractive for businesses with less-than-perfect credit histories who might struggle to secure funding elsewhere.<\/p>\n\n\n\n National Funding may not be the best choice if you’re a startup with less than six months in business or if your annual revenue is below $250,000. <\/p>\n\n\n\n Additionally, if you’re seeking long-term financing with lower interest rates and have an excellent credit score, you might find better terms with traditional banks or SBA loans<\/a>. <\/p>\n\n\n\n Businesses looking for very large loans (over $500,000) or those who prefer a more transparent fee structure might also want to explore other options.<\/p>\n\n\n\n\t\tFeature<\/th> Details<\/th><\/tr><\/thead> Loan type<\/strong><\/td> Working Capital Loans, Equipment Financing<\/td><\/tr> Loan amount<\/strong><\/td> Up to $500,000 for working capital, up to $150,000 for equipment financing<\/td><\/tr> Loan term<\/strong><\/td> 4 to 18 months for working capital loans, up to 60 months for equipment financing<\/td><\/tr> Interest rate<\/strong><\/td> Starting at 1.11% factor rate<\/td><\/tr> Min. credit score<\/strong><\/td> 600 FICO<\/td><\/tr> Monthly fees<\/strong><\/td> Not explicitly stated<\/td><\/tr> Time to receive loan<\/strong><\/td> As little as 24 hours<\/td><\/tr> Requirements<\/strong><\/td> Annual Sales: At least $250,000 in gross annual sales. Time in Business: At least six months for term loans and two years for equipment financing. Credit Score: A minimum FICO score of 600 is required.<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n Pros & Cons of National Funding<\/h2>\n\n\n
Pros:<\/h3>
Cons:<\/h3>
Who is National Funding for?<\/h2>\n\n\n\n
Am I eligible for National Funding?<\/h3>
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National Funding is best for\u2026<\/h3>\n\n\n\n
National Funding is not for you if\u2026<\/h3>\n\n\n\n