Alternative Lending

Alternative business lending for every business owner

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How Alternative Lending Can Work for You

Trouble getting funding? Nearly every up-and-coming business owner faces a similar problem when it comes to finding business loans: it can be hard to get approved by traditional lenders.

Between credit concerns and lack of collateral, most traditional lenders are wary of lending to growing businesses. An alternative lender is one that provides business loans and financing beyond the traditional forms and can look beyond traditional measurements of success. Alternative business lending makes it easier for growing businesses to get access to the capital they need. At National Funding, we understand your business is much more than a credit score or ‘qualifying metric,’ and we want to help you succeed.

Get Working Capital for Everyday Expenses icon

Get Working Capital for Everyday Expenses

  • Use loan funds from alternative lenders to pay for vendor invoices and tax bills
  • Cover your monthly utilities and rent to keep your business on track
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Hire the Staff You Need

  • Alternative lending can help you bring in new employees for your busiest season
  • Encourage employee growth with training programs and educational resources
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Increase Approval Odds

  • Alternative small business lenders have higher approval rates
  • Increase your chance of approval even with less-than-perfect credit
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Quick Decisions and Loan Funding

  • No more waiting weeks for a loan approval — alternative lenders provide quick decisions
  • Your loan could be funded in as little as 24 hours, depending on approval

How to Apply

We make it quick and easy to apply for alternative lending solutions online.
How to Apply steps

What is Alternative Lending?

Traditional banks and credit unions are highly risk averse. Oftentimes only applicants with high credit scores or loan collateral qualify. Even when they do qualify, the wait time can stretch up to three months simply for approval. Small businesses with little collateral can often find themselves facing loan rejections even when all they need is a quick boost to build or maintain forward momentum in their market.

This is where alternative lending comes in. Alternative lenders, or nontraditional lenders, are private companies that operate like banks by providing loans to businesses. The difference is that where traditional banks bog applicants down with strict requirements and long applications, alternative lenders provide loans quickly and with far greater ease. Alternative lending gives small businesses the chance to get the boost they need without forcing them to meet impossible standards beforehand. We at National Funding know just how crucial cash can be to a growing business so we make it easy for you. Keep reading to see just how simple it is.

How Does an Alternative Loan Work?

Fast & Easy Application Process

Fast & Easy Application Process

No-cost, no-obligation application with funding in as few as 24 hours1

Helpful Loan Guidance

Helpful Loan Guidance

A Funding Specialist will contact you to help you choose the right business financing option.

Quick Decision, Fast Funding

Quick Decision, Fast Funding

You could be approved, and funds deposited into your account, in as little as 24 hours.1

Alternative Loans We Offer

Alternative lending is much more flexible than bank lending. As alternative lending is done by private companies, it’s easier to apply and get approval, and qualifications like minimum credit score are far less strict. There are also more options when alternative lenders are providing the loan. Get to know a little more about some of the alternative loans we offer at National Funding.

Small Business Loans

Term Loans

Term loans are the most popular alternative loan. Similar to a traditional bank loan, they usually involve a large sum paid back with interest over time. We recommend these loans to businesses that need to make major purchases. Sometimes that means equipment for a specific business, sometimes it’s a building renovation. Whatever the major purchase, alternative lending can help.

Business Lines of Credit

Our lines of credit work just as you might expect. With this alternative lending option, businesses receive a set amount of money that is available as often as it is paid back. These types of loans are great for small businesses that want help with cash flow. When it comes to paying vendors or employees, this alternative business funding option can be extremely useful. It also provides small businesses the opportunity to increase their credit score as they receive funding.

Invoice Financing

Invoice financing allows businesses to take out a loan based on invoices that have yet to be paid. This option is unique to alternative business loans and helps growing businesses maintain flexibility by providing them with the money clients simply haven’t sent yet.

Merchant Cash Advances

The merchant cash advance option involves an advance loan paid back with a percentage of daily credit card transactions. As with other types of lending, this option gives growing businesses the cash they need to keep their business growing.


Equipment Financing and Leasing

Equipment leasing

Sometimes business owners are in need of equipment that is constantly becoming outdated or that goes through wear and tear in its use. When this is the case, equipment leasing can be extremely useful. With equipment leasing, alternative lenders buy the equipment and then lease it to business owners for a set amount of time.

Equipment financing

Equipment leasing can allow for greater flexibility, but when business equipment has a long lifespan and could be useful as a long-term asset, it makes sense to invest and purchase that equipment. Equipment financing helps business owners do just that.


If you still aren’t sure what type of alternative lending option will be best for you, don’t worry. Our Funding Specialists can help you pinpoint the perfect solution for you and your business. As long as you need the flexibility and freedom that an alternative loan can provide, you know enough to apply.

What Customers Are Saying

Smyth Electrical Services - Craig Hart's Story

Craig Hart, Owner

Smyth Electrical Services

As the business entered a period of expansion, having the reliability of available cash was critical to alleviating the stresses that growth can cause. Being able to rely on National Funding’s small business loans was the peace of mind that help the head of this small business rest easy.

What are the Benefits of Working with an Alternative Lender?

There are many benefits that come from working with an alternative lender to finance your business. Alternative business loans provide an easier, faster, more convenient experience for small business owners so they can get back to the things that matter most; making their business thrive.

At National Funding we make the application process quick and simple by offering it online and only require financial statements from the last three months. Our alternative lending application process takes as little as three minutes and doesn’t require extensive paperwork. When you apply, National Funding will contact you as soon as possible to connect you with one of our Lending Specialists to get the process moving quickly. We pride ourselves on having high approval rates. Your chances of being approved for an alternative business loan with us is higher than you might think with your current credit. Once you are approved, we provide you with funding quickly so you can immediately get to work on pursuing your business goals.

We don’t just make it easy for you to apply but also provide easy ways to make payments by providing online payment options. Automatic payments means less worry about missing or late payments. We offer flexible loan terms, amounts, and options. Working with National Funding means you can choose from a range of alternative lending options. Plus, our wide variety of additional business loans allows you to select an alternative loan that best fits your business needs. Alternative small business loans give you flexibility with your finances while helping you maintain confidence in your business.

Why National Funding?

Whether you’re running a retail shop or moving goods across the country, National Funding has the experience to help you get the financing you need. We’ve provided business owners from almost every industry with the perfect loans and equipment financing to help grow their businesses.

We Know Your Business

We Know Your Business

Trust our years of experience supporting business owners

Simple, Fast Application Process

Simple, Fast Application Process

No-cost, no-obligation application and funding with a quick turn-around.1

A Trusted Lending Partner

A Trusted Lending Partner

Supporting 50,000+ businesses nationwide with over $3 billion in funding.

Dedicated Funding Specialists

Dedicated Funding Specialists

Our Funding Specialists care about your success and guide you to the right loan to get the funds you need.

High Approval Rates

High Approval Rates

Even if you’ve been turned down elsewhere, there’s still a great chance we can get you the business capital.

Hassle-Free Payments

Hassle-Free Payments

We provide fixed terms and set up simple, automatic payments.

Alternative Lending Resources

At National Funding, we understand the struggles of being rejected by a traditional lender. After all, we started out as a small business over 20 years ago. We’ve put together the important resources you need to learn more about alternative small business lenders and financing options.

The Potential Obstacles to Getting a Business Loan

The Potential Obstacles to Getting a Business Loan

Learn what obstacles might stand in your way when you try to apply for business financing. Find out what you need to know about business loans and what lending options are available in this article.


How Do I Get a Business Loan with Bad Credit?

Unfortunately, having bad credit can make it more difficult to get a business loan. There are options for getting business loans with bad credit, however. An alternative business loan might be just the solution you need. Learn more about the possibilities in this post.


A Guide to Loan Financing Options When Cash Flow Dries Up

A Guide to Loan Financing Options When Cash Flow Dries Up

Being a business owner can feel like it’s sink or swim at times. Even when cash is tight, you have options to help provide your business with the influx of working capital it needs. Read this post to learn more about financing options to help you when you need it most.


FAQ: Alternative Lending

If you need business financing, you probably have questions. We’ve put together our most-asked questions about alternative financing options.

What is alternative lending?
Alternative lending is the process of providing business loans outside of traditional routes. Alternative lenders can provide more flexible loan options, giving more people the chance to qualify for a business loan.
Can I qualify if I have bad credit or no collateral?
One of the best parts of working with an alternative lender is the amenable lending requirements. Many alternative loan options are available for business owners with poor credit.
How do I get a loan from an alternative lender?
We’ve made the application process easier than ever. Our online application takes just minutes to complete. You won’t need to gather years of financial documents or physically write your information on a paper form. Fill out our application, and we’ll contact you to learn more about your business. Together, we can find a financing solution to fit your needs.

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Products offered by National Funding Inc. and affiliates are business products only. The products may be provided by third parties and subject to lender approval. In California, products made or arranged pursuant to a California Financing Law License. License #: 603A169