Press Release

 

01 27 2015

National Funding Broker Services Press Release

01 27 2015

National Funding Announces New Broker Services Division

National Funding, one of the country’s largest private lenders of small business loans, has expanded its business to include Broker Services to fund loans secured by independent sales organizations across the country.

After 15 years of exclusively underwriting its own agreements, National Funding is extending its capabilities to brokers. The company has seen a strong interest in the new Broker Services division, and anticipates high growth from the new offering.

“National Funding started as a broker, so we have a deep understanding of this market. We know that it is important to structure deals correctly with quick turnaround time, and to provide fair compensation for the brokers,” said David Gilbert, Founder and CEO of National Funding. “Through this offering, we will be opening up our services and providing even more options to a larger field of small business owners.”

By working directly with brokers, National Funding is expanding its overall network and enhancing its already competitive portfolio of lending services to companies such as Clear Skies Capital, a provider of financial consulting services to mid-market private company shareholders.

“Working with National Funding’s loan program has changed the way we approach the business with each of our clients. When we are issued an approval, we have the confidence that we are presenting the best offer available to the business owner. Completing the loan process is fast and easy, which helps our clients get the money when they need it, without having to jump through a bunch of extra hoops,” says Jeff Thon of Clear Skies Capital.

Bob Anthony, who has been with National Funding for nearly five years in positions of increasing leadership and responsibility, will lead the division in his new role as Director of Broker Services. His experience has given him a unique understanding of what issues are most important to a sales organization in the industry, and he will play an integral role in helping National Funding succeed in this new market.

“Since I joined National Funding in 2011, I have seen the lending business grow and adapt,” said Anthony. “That experience has assisted me in the development of our services. I know that the key to success in our space is to make the lending process as quick and easy as possible, not only for the customer, but also for the sales organizations working on the deals.”

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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.