Press Release

 

05 22 2013

05 22 2013

National Funding Hires Six New Sales Reps for Working Capital Division

On May 6, 2013 small business financial services company, National Funding, hired six new sales representatives for its Working Capital Division.

San Diego, Calif.  May 22, 2013 — On May 6, 2013 small business financial services company, National Funding, hired six new sales representatives for its Working Capital Division. This is the second wave of hiring this year in this division. The hiring is an indication of the need for small business alternative lending and supports National Funding’s continued rapid expansion begun last year.

As of February 2013, traditional banks had only approved 16 percent of all applications for small businesses. During the same timeframe, alternative lenders approved 63.7 percent of all loan applications for small businesses. 2013 is shaping up to be the year for small business funding.  National Funding recently released an infographic titled “Why 2013 Is The Year For Small Business Funding.”

Sales reps are selected based on their previous experience in the industry and their commitment to helping small businesses grow and succeed. The Working Capital Division specializes in financing for inventory, materials and equipment, as well as extra funds for use at the discretion and timing of the business owner. Reps work with customers to tailor a loan that meets their needs and budget. They handle the paperwork and walk the customer through loan process.

Dave Gilbert, CEO and founder, is excited about the future. “We have seen a continued increase in demand from small business owners that need working capital to run their businesses.  The economy is expanding, but the traditional source of lending for small business has dried up as the banks have gotten more conservative. Business owners turn to us for the cash they need to run their business.”

National Funding has plans for more hiring during the year. It expects to double its sales force by June 2014. “The economy runs in cycles, and we’ve come out of a particularly bad one. It’s the right time to take advantage of the opportunity the marketplace is providing us.  Whenever we put on new sales people, we see a jump in our business. I have great hopes for this next wave of our working capital reps,” adds Gilbert.

For more information about National Funding, visit www.nationalfunding.com.

About National Funding

National Funding, formerly FPC, is a full service financial services company for small to medium-sized businesses nationwide. It provides working capital loans, equipment leases, merchant cash advances, and credit card processing. National Funding serves a wide diversity of businesses including, but not limited to: trucking, restaurants, automotive repair, construction, excavation, multimedia, manufacturing, telecommunications, printing, packaging, waste management, and more. Visit www.nationalfunding.com.

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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.