In The News

 

10 15 2015

Bankless Times

10 15 2015

Wells Fargo Capital Group to provide additional $45M to National Funding

Small business lender National Funding has secured an additional $45 million in funding from Wells Fargo Capital Finance. That brings Wells Fargo’s total commitment to $75 million.

National Funding CEO David Gilbert said the additional commitment will allow them to provide additional assistance to small businesses across the country. Mr. Gilbert described Wells Fargo as a “premier bank” to work with, while adding the bank is very selective when choosing partners in the alternative lending sector.

National Funding and Wells Fargo have worked together for several years. Mr. Gilbert shared some observations on what funders look for and how funding relationships are best maintained. “They are passionate about the financial stability of an organization. They want to know what products look like and how they perform. They want to know borrowers are able to pay back those loans.” Mr. Gilbert added National Funding provides monthly reports to Wells Fargo which shows how funds were deployed and repaid.

Mr. Gilbert said National Funding is hiring additional analytics and credit staff as it prepares for significant growth in 2016 in what would be a continuation of growth that has seen revenue increase by 172 percent over the last three years.

 

As seen in the Bankless Times.

Featured


  • National walk to work day - 1st Friday of April

    National Walk to Work Day – 3 Benefits for Small Businesses

    Walking is a simple, low-impact and effective form of exercise. When it's paired with a task, like walking to work, the benefits increase: Not only do business owners and staff get some extra physical activity, they also cut down on the environmental impact of driving to work. Taking the pedestrian route to work also allows… […]

  • Craft beer bar success tips

    Tips On Running A Successful Craft Brewery Bar

    Beer has a long and storied history, with recipes dating back to some of the earliest recorded civilizations. It's highly preferred in the U.S., too. Aggregated Gallup polls from 2010 through 2016 show beer is the most popular alcoholic beverage in America. Overall, beer is preferred over wine and liquor by 54 percent of men and… […]

  • How to incorporate a small business

    Incorporating A Small Business: Why, And How, To Do It

    Most small businesses begin as sole proprietorships. That means that you, the owner, are the business, and the business is you - in the eyes of the law, at least.There are a number of benefits to being a sole proprietorship, including the minimal legal expenses involved in forming one, no required corporate tax payments and… […]

  • National Doctors Day March 30th

    Celebrate Medical Advancements On National Doctors Day: March 30

    National Doctors Day is a national tradition now in the middle of its 8th decade. The first was held March 9, 1933 in Georgia. Eudora Brown Almond, whose husband was a doctor, organized the day of recognition and chose March 9 because it was the anniversary of the first time that anesthesia was used in 1842.… […]