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Business Term Loans

Get a business loan with the terms you need to reach your business goals

 
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Terms & Conditions

General Acceptance

Any applications submitted electronically shall have the same force and effect as if the application bore an inked original signature(s). The above information, together with any accompanying financial statements, schedules, or other materials, is submitted for the purpose of obtaining credit and is warranted to be true, correct, and complete.

 

US Patriot Act:

To help the government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify, and record information that identifies each person and business that seeks a business loan. What this means for you: When you apply for a loan, we will ask for your business name, address, and Tax Identification Number. We will also ask for your name, address, date of birth, and other information that will allow us to identify you. We may also ask to see your driver’s license or other identifying documents.

 

For Loan/Merchant Services:

The Merchant and Owner(s)/Officer(s) identified in the application (individually, an “Applicant”) each represents, acknowledges and agrees that (1) all information and documents provided to National Funding, Inc. (“NF”) including credit card processor statements are true, accurate and complete, (2) Applicant will immediately notify NF of any change in such information or financial condition, (3) Applicant authorizes NF to disclose all information and documents that NF may obtain including credit reports to other persons or entities (collectively, “Assignees”) that may be involved with or acquire commercial loans having daily repayment features and/or Merchant Cash Advance transactions, including without limitation the application therefor (collectively, “Transactions”) and each Assignee is authorized to use such information and documents, and share such information and documents with other Assignees, in connection with potential Transactions, (4) each Assignee will rely upon the accuracy and completeness of such information and documents, (5) NF, Assignees, and each of their representatives, successors, assigns and designees (collectively, “Recipients”) are authorized to request and receive any investigative reports, credit reports, statements from creditors or financial institutions, verification of information, or any other information that a Recipient deems necessary, (6) Applicant waives and releases any claims against Recipients and any information-providers arising from any act or omission relating to the requesting, receiving or release of information, and (7) each Owner/Officer represents that he or she is authorized to sign this form on behalf of Merchant.(8) I consent to receive direct mail, faxes, text-messages, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (9) this request is for business and not for consumer purposes.

 

For Equipment Services:

I hereby certify: (1) the information provided is true and correct, (2) you are hereby authorized to investigate all bank, credit, and trade references, and said references are hereby authorized to release any requested information to you or your nominee, (3) such authorization shall extend to obtaining personal credit profile in considering this application and subsequently for the purposes of update, renewal or extension of such credit or additional credit and for reviewing or collecting the resulting account, (4) this information may be transmitted by us to you and by you to underwriter(s) for the purpose of granting me credit, either electronically or manually, and that by submitting this application, I take full responsibility for transmission thereof, (5) I am over 18 years of age, (6) I acknowledge my rights under the Fair Credit Reporting Act, (7) I consent to receive direct mail, faxes, text-messages, and e-mails sent by National Funding and its affiliates for the purposes of transmitting account updates, requests for information and notices, and (8) this request is for business and not for consumer purposes.

 

Text Messaging:

By providing my wireless phone number to National Funding, Inc., I agree and acknowledge that National Funding, Inc. may send text and multimedia messages to my wireless phone number for any purpose. I agree that these text or multimedia messages may be regarding the products and/or services that I have previously purchased and products and/or services that National Funding, Inc. may market to me. I acknowledge that this consent may be removed at my request but that until such consent is revoked, I may receive text or multimedia messages from National Funding, Inc to my wireless phone number.

  
The Federal Equal Credit Opportunity Act prohibits creditors from discriminating against credit applicants on the basis of race, color, religion, national origin, sex, marital status or age (provided the applicant has the capacity to enter into the binding contract); because all or part of the applicant’s income derives from any public assistance program; or because the applicant has in good faith exercised any right under the Consumer Credit Protection Act. If for any reason your application for business credit is denied, you have the right to a written statement of the specific reasons for the denial. To obtain the statement, please write to National Funding Inc., 9530 Towne Centre Drive, San Diego, California 92121. Funding amount and credit approval is subject to a full credit profile review.

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How Business Term Loans Can Work for You

When your business needs capital, it can be difficult to find the right financing option. Deciding between a short-term loan or something with a longer timeline is a major decision point when considering the best business loan for you. At National Funding, we have financing solutions in a range of business loan terms to help you get the exact loan your business needs for continued success.

Cover Employee Costs

  • Hire new employees for the busy season
  • Implement training and education with current employees to increase their sense of purpose

Meet Unexpected Expenses

  • Pay for the cost of a sudden vendor invoice or increased tax bill
  • Cover the cost of unexpected repairs to your business equipment

Fast Approval and Funding

  • Business loans from alternative lenders like National Funding give you a better chance of approval
  • We work hard to make a loan decision and fund your loan as fast as we can

Flexible Repayment Terms

  • Our loan terms are customized to meet the needs of your business
  • Choose from flexible repayment options to cover your cash flow needs throughout the year

How to Apply

Applying for a loan with National Funding is simple and easy. You can complete our short online application in minutes. We’ll contact you to discuss your business and discover what you need most from a business financing solution. A dedicated Loan Specialist can help you navigate your options to find the one that works best for your business. Get the best business loan terms with our customized approach to business lending.

Apply Now

or call

888.733.2383

How Do Small Business Loan Terms Work?

Easy Application Process

Get started applying for a fast and easy business loan with our short online application and 3 months of bank statements.

Helpful Loan Guidance

A Loan Specialist will contact you to help you choose the right business loan terms.

Quick Decision, Fast Funding

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

What Customers Are Saying

Craig Hart Electrical Services

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 helped the head of this small business rest easy.

Why National Funding?

We know finding the right business loan terms can be overwhelming. That’s why we focus on helping business owners like yourself get loans tailored to their needs. We’ve helped thousands of businesses over the past 20 years and are ready to help yours.

We Know Your Business

We have experience supporting all kinds of business owners.

Simple, Fast Application Process

No-cost, no-obligation application with funding as fast as 24 hours 1

A Trusted Lending Partner

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

Dedicated Loan Specialists

Our Loan Specialists care about your success and guide you to the right loan to get the cash you need

High Approval Rates

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

Hassle-Free Payments

We provide fixed terms and set up simple, automatic payments

Business Loan Terms Resources

Not sure exactly how a business loan works? No worries, we’ve got the resources you need to quickly get up to speed on business lending. Learn more about lending and loan terms with our curated list of articles.

Choosing a Business Loan

Choosing a Business Loan

Get started on the right track with our step-by-step guide to business lending. This article can help you better understand what types of business loans are available. It will also give you the tools you need to choose a loan that’s right for you.

Read More

How do Daily Loan Repayments Work?


How do Daily Loan Repayments Work?

A daily loan repayment could be a good option for you to pay off your short-term business loan. This article explains how daily repayments work. See if daily repayments make sense for your business.

Read More

4 Myths About Short-Term Loans for Small Business Owners


4 Myths About Short-Term Loans for Small Business Owners

Unlike long term business loans, short-term loans give you access to fast capital with a short repayment period. That allows you to get out of debt faster and get back to running your business. We bust 4 common myths about short-term loans in this post.

Read More

FAQ: Business Loan Terms

Want to know more about your options for loan terms? We put together our most frequently asked questions related to the terms of a business loan.

What are the typical business loan terms?

The terms of your business loan can vary greatly and there’s no one solution for every business. Many business owners who work with National Funding choose short-term loans for their businesses. A short-term loan usually lasts less than a year and gives you the chance to pay off your debt quickly.

You can apply for a term loan for your business through our simple online application. At National Funding, we know you have better things to do than spend time waiting for loan approval. We make our loan decisions quickly so you can get back to running your business.

Yes, there are loans available for business owners with bad credit. We offer business loans for bad credit with competitive business loan terms even if your credit isn’t perfect.

Ratings & Reviews

With 20 years of experience helping business owners, we’re proud of the reputation we’ve built for customer satisfaction.

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Disclosures

Legal Disclosures

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.