Press Release

 

11 17 2015

11 17 2015

National Funding Inc. Announces Expansion To Keep Pace With SMB Demand

National Funding Inc., a leading small business lender, announced a multi-million dollar expansion to its center of operations in the Eastgate Technology Park in the University Towne Centre® (UTC) area of San Diego. National Funding has increased its current physical headquarters from 22,097 to 44,194 square feet — encompassing the entire two-story building. With this expansion, management projects employment levels to increase from its current 167 employees to 273 employees.

Initially leased in 2013, the National Funding facility is located at 9820 Towne Centre Drive, San Diego. The expansion adds an entire floor to the current space, doubling the financial technology firm’s footprint. Administrative and operations offices will occupy the first floor while account managers will be located on the second floor. Team members gain a new game room and additional kitchen area.

The investment reflects the 172% growth National Funding has seen over this last three-year span. With the employee occupancy maximum up to 273, the goal is to expand its ability to provide working capital, merchant cash advances, and equipment financing to small businesses nationally.

When asked about the expansion and what it means for National Funding, Chief Executive Officer David Gilbert said, “Planning the new facility is a reflection of our continued belief in small business, and our preparation to handle the growth that the company is experiencing. The Irvine Companies Office Properties space in the UTC area provides easy access to professionals. We’re located in a prime business destination near local universities and urban amenities. It’s an ideal environment to fuel our growth in people and innovative financial products.”

“National Funding is a growing small business lender, and we are pleased to accommodate their expanding workforce needs,” said John Turner, Regional Vice President, San Diego, Irvine Company Office Properties.  “The flexibility within our San Diego portfolio provides companies of all sizes with the opportunity to maintain a longstanding relationship with us – including through growth periods.”

He added, “National Funding is a great example of the diverse array of companies we are attracting to our portfolio, companies who are seeking amenities and the type of workspace that attracts and retains top talent and inspires employees.”

Established locally in the San Diego area since 1999, National Funding has now undergone two expansion projects within the Golden Triangle to maintain demand. When the current location was chosen in 2013, the company stated they based the selection on the highest value proposition for both clients and employees. With this change, National Funding is capitalizing on that growth they foresaw only a couple years ago.

About National Funding

San Diego-based National Funding is a financial technology company serving small to medium-sized businesses nationwide. It provides working capital loans, equipment financing, merchant cash advances and credit card processing. National Funding serves a wide diversity of businesses including, but not limited to: trucking, restaurants, retail, automotive repair, construction, excavation, multimedia, manufacturing, telecommunications, printing, packaging, waste management, and more.

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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, 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, 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.

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.