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.