How Working Capital Loans Can Work for You
How to Apply
The process is simple when you want to apply for a working capital loan.
You can get started right away if you have $100,000 in annual sales
and have been in business for at least one year.
What Customers Are Saying
Cheryl Dailey, Owner
Master Handyman, LLC
Focusing its business on providing handyman services to commercial enterprises in Cleveland, Master Handyman looked to secure a working capital loan to cover key expenses and allow them to hire new staff to foster growth. They wanted “real employees, not just day laborers”, and working with National Funding gave them the cash resource they needed to make it happen.
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?
Nobody provides a more personalized approach, with experienced Loan Specialists to guide you
every step of the way and an easy process to make obtaining working capital loans simple and stress free.
Small Business Resources
A small business working capital loan can help your business reach new milestones.
You know you can use working capital for inventory purchases or to pay an unexpected tax bill.
Working capital loans also allow you to explore new marketing avenues or upgrade
outdated sales software. Explore the resources below to learn more about
how a working capital loan can help your business succeed.
Working capital is the money you have on hand for your business’ daily needs. Sometimes, however, you’re waiting for receivables and suddenly money is tight. A working capital loan may be a good solution. Check out this blog on the ins and outs of small business working capital loans. With a working capital loan, you can make your money work for you, and not the other way around.
When you’re deciding how to use working capital, you should consider both the things you need to keep your business running and ways to promote the growth of your business. By knowing how you wish to use working capital, you can begin to calculate how much you might need to reach your business goals. This article can help you learn how to determine your working capital needs.
You’ve come up with the perfect marketing campaign for your business and you’re seeing great results. What happens when your allocated money for the campaign runs out? Unfortunately, the success of the campaign might come to an untimely end if resources dry up. This blog post shows you how a working capital loan can help you extend the life and success of your marketing campaign.
As you look over your yearly, quarterly, or monthly business financials, you notice exciting information: your business has secured great profits! Deciding how to use this money, from purchasing new equipment to saving it for a slow period, is a big decision. You might even look at working capital business loans to take your business to the next level. Check out this post to help you look at different options for when your business is profitable.
FAQ: Working Capital Loans
Getting cash to put towards business expenses can be confusing. You have to consider
what avenue works best to secure funding for your business. Lots of business owners
just like you have questions about working capital business loans. Below are some
of the most common questions business owners have about getting a working capital loan.
Many business owners assume getting a working capital loan is a long, drawn-out process. Luckily, it doesn’t have to be that way! Alternative lenders like National Funding provide working capital loans for small businesses with easy online applications and quick response times. In fact, you could see your working capital loan approved in as little as 24 hours1.
Most definitions of working capital include cash. This is because working capital is your current assets minus your current liabilities. Cash, like the money you get from a working capital loan, plays an important role in running the current operations of your business.
Your business’ working capital can give you a great snapshot of how well you are using business resources. If you have a lot of assets, including cash, inventory and accounts receivable, and only a few liabilities, your business is probably in a good place financially. Of course, working capital doesn’t just include cash. Sometimes you have to wait for a customer to pay an invoice or you need to purchase new inventory and don’t have the cash. That’s where a working capital loan can help your business bridge the gap between cash on hand and expected receivables.
You can finance your business’ working capital with a working capital loan. Working capital loans basically give your business the cash it needs now to purchase inventory, pay invoices or continue a marketing campaign. By financing working capital, your business can get what it needs to grow and thrive right now.
Ratings & Reviews
We are very proud of what our customers are saying on TrustPilot.
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) Huge potential tax savings:
Section 179 tax deduction is a lucrative and important tax break that has been made permanent across the board, under the Protecting America from Tax Hikes Act (PATH Act). In most cases, the IRS allows your equipment lease or loan payments to be 100% tax deductible! You can secure the equipment, tools, and technology that you need, while also taking advantage of significant tax deductions — up to $500,000. 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.