Business Financing & Small Business Financing
From restaurants to graphic design firms, all businesses have one thing in common: They require business financing. While businesses of all sizes rely on bright ideas, strong leadership and consumer satisfaction to succeed, they also need proper financing. While different business financing options feature specific qualifying criteria, you will find National Funding is flexible in its requirements, accepts lower credit scores and provides faster turnaround than traditional lenders.
Searching for Financing Options
Business owners seeking financing often turn to the same sources, including banks, credit cards and loans from friends and family. Unfortunately, these options can hinder a business before it even has a chance to flourish. In today’s economic world, it’s that much harder to receive the financing your business needs from traditional lenders like banks, and those who do qualify may find they’re dealing with stringent loan terms and uncompromising repayment conditions.
Meanwhile, credit cards may provide owners with the small business financing they require in the short term, but they also often come with high interest rates that can drive up debt and lead to major financial headaches down the line.
Finally, while friends and family can often be counted on to support a business endeavor, mixing money and personal relationships is asking a lot. Fortunately, there is still a wealth of options for business financing available to owners across the country.
Businesses Require Financing
National Funding prides itself on offering a variety of business financing options, all of them tailored to meet the needs of small business owners. For instance, our small business working capital loans can offer financing from $5,000 up to $500,000 with minimal paperwork and flexible repayment terms.
Enterprises that accept credit cards and need a repayment plan that can adapt to their cash flow can turn to a National Funding merchant cash advance. This option can provide up to $250,000 directly into your bank account, also with minimal paperwork and a simple approval process. Repayment is settled through a fixed dollar amount of future credit card sales automatically retrieved from daily transactions until the advance is paid off. This means business owners can get the financing they need and repay it as they get paid themselves.
While different business financing options feature specific qualifying criteria, you will find National Funding is flexible in its requirements, from accepting lower credit scores to requiring no collateral and even tailored repayment terms.
Apply Now to find out how business financing from National Funding can help you make your business a success.
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.
Find Out How Much Funding You Qualify For
We are very proud of what our customers from a variety of Industries have to on TrustPilot