Managing Your Business


09 09 2013

09 09 2013

Economy, Optimism on the Up, But Cyberthreats Cause Concern

Small businesses are starting to feel better about the economy, but entrepreneurs now have other pressing concerns to face. For example, the increasing prevalence of cloud-based technology has contributed to a growth in cybersecurity risks. According to Forbes, distributed denial of service (DDoS) attacks, which target company networks and shut down operations either temporarily or permanently, have increased by an estimated 700 percent this year alone.

McAfee, a cybersecurity business, said in a recent report that cyber attacks could cost businesses a total of $140 billion each year. Another survey from Ponemon Institute found companies are reporting an increased amount of cyberattacks on a weekly basis. In fact, among the businesses surveyed in the organization’s “2012 Cost of Cyber Crime Study” in the U.S., 102 successful cyber attacks occurred on a weekly basis. In the previous year’s study, businesses reported a collective 72 successful attacks per week.

An improving economy highlights additional risks

As the U.S. economy continues to slowly pick up speed after a deep recession, many entrepreneurs are feeling more optimistic about their small business prospects. According to the most recent Small Business Index survey from Wells Fargo and the Gallup Organization, overall small business optimism climbed a total of nine points in July from this year’s second quarter to 25. In fact, the index has measured continued growth throughout the past year. The two organizations said the index is 36 points higher than the fourth quarter measurement in 2012. The current reading is the highest level of small business optimism since third quarter 2008. Because of this growth, many entrepreneurs may feel inspired to update their technologies and look for a cash advance for small business operations. While this is mostly good news, the rapidly changing business world presents new challenges and threats for companies that rely on the ability to safely store their valuable data and information. Cyber threats used to mostly affect large corporations. However, small businesses are becoming more prone to data breaches and other costly damages, according to Forbes.

Business owners struggling to find the resources necessary to pay for advanced virus protection software and other necessary cybersecurity tools can turn to National Funding for help. National Funding can secure entrepreneurs with equipment financing to revamp their digital infrastructure.


Find Out How Much Funding You Qualify For

Fields marked with an * are required
By clicking this button I agree to all terms and conditions.

Terms & Conditions

General Acceptance

Any applications submitted electronically shall have the same force and effect as if the application bore an inked original signature(s). The above information, together with any accompanying financial statements, schedules, or other materials, is submitted for the purpose of obtaining credit and is warranted to be true, correct, and complete.


US Patriot Act:

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person and business that seeks a business loan. What this means for you: When you apply for a loan, we will ask for your business name, address, and Tax Identification Number. We will also ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.


For Loan/Merchant Services:

The Merchant and Owner(s)/Officer(s) identified in the application (individually, an “Applicant”) each represents, acknowledges and agrees that (1) all information and documents provided to National Funding, Inc. (“NF”) including credit card processor statements are true, accurate and complete, (2) Applicant will immediately notify NF of any change in such information or financial condition, (3) Applicant authorizes NF to disclose all information and documents that NF may obtain including credit reports to other persons or entities (collectively, “Assignees”) that may be involved with or acquire commercial loans having daily repayment features and/or Merchant Cash Advance transactions, including without limitation the application therefor (collectively, “Transactions”) and each Assignee is authorized to use such information and documents, and share such information and documents with other Assignees, in connection with potential Transactions, (4) each Assignee will rely upon the accuracy and completeness of such information and documents, (5) NF, Assignees, and each of their representatives, successors, assigns and designees (collectively, “Recipients”) are authorized to request and receive any investigative reports, credit reports, statements from creditors or financial institutions, verification of information, or any other information that a Recipient deems necessary, (6) Applicant waives and releases any claims against Recipients and any information-providers arising from any act or omission relating to the requesting, receiving or release of information, and (7) each Owner/Officer represents that he or she is authorized to sign this form on behalf of Merchant.(8) I consent to receive direct mail, faxes, text-messages, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (9) this request is for business and not for consumer purposes.


For Equipment Services:

I hereby certify: (1) the information provided is true and correct, (2) you are hereby authorized to investigate all bank, credit, and trade references, and said references are hereby authorized to release any requested information to you or your nominee, (3) such authorization shall extend to obtaining personal credit profile in considering this application and subsequently for the purposes of update, renewal or extension of such credit or additional credit and for reviewing or collecting the resulting account, (4) this information may be transmitted by us to you and by you to underwriter(s) for the purpose of granting me credit, either electronically or manually, and that by submitting this application, I take full responsibility for transmission thereof, (5) I am over 18 years of age, (6) I acknowledge my rights under the Fair Credit Reporting Act, (7) I consent to receive direct mail, faxes, text-messages, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (8) this request is for business and not for consumer purposes.


Text Messaging:

By providing my wireless phone number to National Funding, Inc., I agree and acknowledge that National Funding, Inc. may send text and multimedia messages to my wireless phone number for any purpose. I agree that these text or multimedia messages may be regarding the products and/or services that I have previously purchased and products and/or services that National Funding, Inc. may market to me. I acknowledge that this consent may be removed at my request but that until such consent is revoked, I may receive text or multimedia messages from National Funding, Inc to my wireless phone number.

The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status or age (provided the applicant has the capacity to enter into the binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. If for any reason your application for business credit is denied, you have the right to a written statement of the specific reasons for the denial. To obtain the statement, please write to National Funding Inc., 9820 Towne Centre Drive, San Diego, California 92121. Funding amount and credit approval is subject to a full credit profile review.