How to Apply
We make it easy to apply for business funding. Watch this video to learn more!
What Customers Are Saying
Craig Hart, President
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.
Why National Funding?
From restaurants to farmers, National Funding has helped business owners like you get the financing they need. We have the experience to help your business succeed with a customized loan program. Don’t let the strict restrictions of traditional lenders keep you from securing funds for your business.
Small Business Funding Resources
Many business owners secure business start up funding and think the hardest part is over. However, most businesses find they need less money to start and their real time of need comes a few years into running a business. We put together these top resources to help you learn more about funding your business once the startup phase is over.
Unfortunately, economic downturns are a part of life. The best way to keep your business running strong through a recession is to plan ahead when times are good. Find out how you can set your business up for success in the event of a recession with this 6-step plan.
A business grant gives you money for your business that you never have to pay back. Sound too good to be true? It might be, as grants are difficult to secure. See how a business loan may be a smarter choice than chasing the dream of a grant.
FAQ: Business Funding
Finding the right business loan or financing solution isn’t always easy. There are so many things to consider, it can be overwhelming. We want to help you make a little more sense of your funding options by answering some of your biggest questions.
Getting additional small business funding is easy with an alternative lender like National Funding. Simply fill out our short online application and provide 3 months of bank statements to get started. We’ll contact you to learn more about your needs and tailor a financing solution to your business.
Funding comes in many shapes and sizes, but the most common options include:
• Business loans
• Business credit cards or a line of credit
• Business grants
• Loans from personal contacts like friends or family
• Capital investments from outside investors
A business loan usually offers the best combination of borrowing risk to ease of approval.
A: It might seem impossible to get funding for a business if you have bad credit. Luckily, National Funding has small business funding options for all types of borrowers. We’ll work with you to customize a financing solution that’s tailored to your business and financial situation.
Ratings & Reviews
National Funding is proud of the reputation we’ve built helping business owners secure funding.
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.