Reach Your Business Goals with a North Carolina Small Business Loan
As a North Carolina business owner, you know that there are plenty of opportunities for any entrepreneur willing to put in the effort. With a combination of favorable state taxes, labor market, and quality of life, North Carolina is an excellent location to start or develop your business. In order to make the most of the state’s economy as you grow your company, you need a way to cover your business expenses and take advantage of opportunities that come your way. Small business loans in North Carolina can help your business succeed.
Visitors may recognize the scenic views of North Carolina from many Nicolas Sparks movie adaptations, and thanks to the vast forests that cover the Tar Heel State, NC is known for its contribution to the furniture industry, but these only scratch the surface of the business opportunities available.
According to the U.S. Small Business Administration (SBA) Office of Advocacy, small businesses made up over 99% of businesses in North Carolina as of 2019, making them a crucial part of the NC economy! From Charlotte to Nags Head, North Carolina offers a beautiful venue and a stable market for any growing business. It’s time to take advantage of small business momentum with the capital you need to blossom.
“As a business owner in North Carolina, you know there are plenty of opportunities across multiple industries.”
Equipment Financing and Small Business Funding in North Carolina
From updating equipment to paying recurring expenses, we have the financing solutions you need.
Equipment Leasing and Financing in NC
It’s important to keep business equipment updated and in good repair. Equipment leasing and financing allows you to get up to $150,000 for new or pre-owned equipment.
A Variety of Financing Support and Solutions for North Carolina Businesses
Finding the business loan solution that works best for your NC business doesn’t have to be a challenge. Work with a dedicated loan specialist to create a business loan that’s tailored to your needs and goals. We’ll help you better understand your financing options and business loan rates in North Carolina.
We’ve Got a Financing Solution That’s Right for Your Business
If you’ve been struggling to secure the financing your business needs, consider the help of an alternative lender like National Funding. We make it easier to find a financing solution that helps you run a successful business, regardless of your credit score. Speak with our loan specialists today to learn more about bad credit business loans in North Carolina.
No waiting, no delays.
Get approved within 24 hours.1
Do You Qualify 1
1 Year in Business
$150,000 in Annual Gross Sales
3 Months' Bank Statements
Get a Solution
Review financing options with your dedicated National Funding loan specialist.
Learn how easy it is to work with us, and how hard we work for you.
The money you need is deposited in your checking account — quickly and easily.
What can we do for your business?
Apply online or give us a call at 888-733-2383.
Ratings & Reviews
Read our reviews to learn why North Carolina business owners trust their business financing needs to National Funding.
How We Compare to Other North Carolina Financing Solutions
No two businesses are the same. At National Funding, we take the time to learn about your business to help you find the perfect financing solution for your needs. Whether you need to purchase new business equipment or are looking for a small business loan in NC to cover your working capital needs, we’ll help tailor a solution that fits your needs.
Traditional Credit Lines
True to our mission, we encourage you to read the following policies and learn how they affect you as a client.
(1) 24 hours:
Fast approvals and 24 hour funding subject to receipt of required documentation, underwriting guidelines, and processing time by your bank. Funds are deposited into your business checking account as soon as the next business day after approval and acceptance of terms.
(2) Early payoff discounts:
National Funding offers special opportunities for its customers to terminate contracts early and receive a discount in the process. Equipment Finance customers who pay off the total remaining balance early, at any point during the contract, will automatically receive a 6% discount off the total remaining balance. Working Capital customers who pay off the total remaining balance in full within the first 100 days of the contract will automatically receive a 7% discount off the total remaining balance. We do not currently offer a discount on our lease contracts. Customers must pay off the balance in full, be current, and in good standing to take advantage of the discount within the time parameters.
(3) Automatic payments:
Loan payments are withdrawn via Automatic Clearing House (ACH) Monday through Friday excluding bank holidays.
(4) Wide variety of payment options:
- Equipment Financing: payments are remitted monthly with terms of 2-5 years
- Working Capital Loan: payments can be remitted daily or weekly with terms of 4 months up to 24 months
(5) Potential Tax Savings:
The Section 179 Tax Deduction allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. Meaning, if you buy (or lease) a piece of qualifying equipment, you can deduct 100% of the purchase price from your gross income. You can secure the equipment, tools, and technology you need, while also taking advantage of significant tax deductions - up to $1,000,000. Consult your tax professional for more details.
(6) Guaranteed lowest payment:
Pursuant to the terms and conditions specified in these Rules and Restrictions of the Guaranteed Lowest Payment, National Funding guarantees to provide the lowest payment on equipment leased through National Funding, for lease terms from 24 to 60 months, or to pay $1000 towards qualifying executed leases. Lease payment comparisons must be based on a lease in excess of $10,000, for approved equipment, and with the same terms and conditions as those offered by National Funding within seven days that the National Funding terms are issued. To be eligible, customers must provide a competitive lease quote without contingencies, and vendor invoice, and in the name of the lessee within seven calendar days of the date National Funding issues its terms. Guarantee only valid on competitive equipment leases. Equipment finance agreements do not qualify.
In the event that the monthly lease payment amount from the competing lease company or bank is lower than the monthly payment that is being offered by National Funding for the same equipment and pursuant to the same terms, National Funding will verify the validity and accuracy of the competing leasing company’s or bank’s payment options, terms and the vendor quote. National Funding has the option, in its sole discretion, to either beat the competing leasing company’s or bank’s monthly payment rate, or pay $1000 to the lessee. The lessee must provide National Funding with the competing company’s or bank’s signed lease agreement with payment terms/options, and take delivery of the equipment. Payments will be made within 30 days, and lessee is responsible for any taxes.
The Guaranteed Lowest Payment is available to both new and established customers of National Funding. This offer is valid for new lease applications only. The Guaranteed Lowest Payment is not retroactive — a previously funded equipment lease with National Funding is not eligible for the Guaranteed Lowest Payment. Only non-contingent offers of lease terms and payment are eligible. Offers made to lessee that include subsidization by manufacturers and/or vendors will not be considered in comparing competing offers.
The Guaranteed Lowest Payment may be discontinued at any time without notice.
To participate in the Guaranteed Lowest Payment program, if you have a lease agreement and vendor quote which you believe will qualify for the program, contact your National Funding Lease Manager.
(7) Terms and Conditions apply:
This is not a guaranteed offer of credit. Loans subject to lender approval. Approval amount is based on eligibility determined by information obtained from Dun & Bradstreet. Actual eligibility may vary. Restrictions may apply. Application is subject to approval by the lender and is based on factors such as business type, time in business, annual sales, average bank balances, personal credit and other variables deemed relevant by the lender.
Frequently Asked Questions (FAQs):
National Funding provides a variety of options for all types of business owners. As an alternative lender, we can work with you where you are at and provide more flexibility than a traditional bank. We know your credit score doesn’t represent your business, so we provide bad credit business loans that support your work and help you repair your credit.
No! Small business loans are the perfect solution to support your established business stay afloat during hard times or secure enough financial stability to grow in new ways. Whether you are looking to hire more staff, expand into a larger location, or update equipment for higher efficiency, National Funding’s small business loans in NC are here for you.