Finance & Lending


02 03 2015

Merchant Cash Advance Business Funding

02 03 2015

No Strings Attached: Making Sure Your Business Funding Can Be Used How You Wish

The list of things working capital can be used for is seemingly endless. Updated equipment, new staff members, expanded inventory – owners rely on business loans to help them with many different projects.

It’s for this reason that having the freedom to spend your loan proceeds on what you wish is vital. Unfortunately, this financial independence isn’t always a given when obtaining loans from traditional financial institutions.

For instance, if you were to acquire a 7(a) loan through the U.S. Small Business Administration, there would be a number of restrictions on how the money could be spent.

Funds could not be used to refinance existing debt if the lender may sustain a loss and the SBA would be held responsible. You could not affect a partial change in business ownership if it might not benefit the business. Additionally, you could not repay delinquent state or federal withholding taxes that should be held in trust or escrow.

In fact, the SBA states loans cannot be used for any reason it does not deem as a sound business purpose.

These restrictions are just one reason why more small business owners are turning to alternative lenders to obtain the funds they need.

The advantage of a merchant cash advance

First and foremost, National Funding merchant cash advances allow you to use your funding any way you choose, including:

  • Expanding your business
  • Increasing your inventory or product line
  • Opening new locations
  • Purchasing equipment
  • Advertising
  • Renovating or remodeling
  • Consolidating high-interest debt
  • Paying taxes

What’s more, unlike traditional business loans, merchant cash advances are structured so you only pay them back when you get paid yourself.

You can receive up to $250,000 in cash in exchange for a fixed dollar amount of your future credit card sales. National Funding will automatically retrieve a small fixed percentage of your daily transactions at the end of the day until the advance is paid off.

This makes repayment much simpler when compared to other types of loans, and qualifying is quick and easy. Businesses must be operating for at least one year and have average monthly credit card transactions of at least $3,000.

This option gives you the freedom you need to ensure your business succeeds without the strict restraints put in place by traditional banks and credit unions.

Finally, unlike business loans that require you to put up assets, merchant cash advances from National Funding require no collateral. You can receive cash in as few as 24 hours and have it deposited directly into your bank account.

Find Out How Much Funding You Qualify For

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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.