Whether you’re planning a business expansion or you need help with managing payroll, small business loans provide entrepreneurs with the funding necessary to operate their businesses hassle-free. National Funding offers a wide range of small business financing options to cater to the unique needs of your business.
Choose Your Type of Small Business Loan
Is your business struggling to maintain cash flow? National Funding offers working capital loans to help you manage day-to-day business expenses and operating costs with ease.
Need fast access to business loans that can be repaid in months not years? Choose short term business loans to provide your business with a temporary capital influx, and close out the loan in 12 to 18 months.
Apply for equipment loans to secure capital for buying or leasing business-critical equipment. Ensure the smooth operation of your business with National Funding’s Equipment Financing Loans.
How Can You Use A Small Business Loan
As a small business owner, there are many benefits to choosing business loans. Some of them are included below:
Build Your Cash Flow
Pay Bills & Consolidate Debt
Give A Short Term Boost To Your Business Finances
Buy or Lease Equipment
Market Your Business to Target Audience
Where Can You Get Small Business Loans
As a business owner, you have a lot of lending options to choose from. Three major lenders that provide small business financing include:
Small Business Administration (SBA)
This government agency offers SBA loans, also known as 7(A) loans, to small businesses in the United States.
Big banking corporations like Bank of America and the U.S. Bank also provide loans to small businesses. Banks and SBA are considered to be traditional lenders.
Alternative Lending Platforms
Online lenders like National Funding guarantee fast and easy access to small business loans once approved. In general, alternative lenders have quicker loan approval processes and have less-stringent loan qualification criteria compared to traditional lenders.
U.S. Small Business Financing Nationwide
National Funding is truly nationwide, offering effective small business funding across the country. Some of our top cities and states are below. Don’t worry if your region isn’t listed. We’re ready to serve your U.S. business.
How Do Small Business Loans Work?
The process of getting a small business loan is done in 4 steps:
An Application is Submitted
A borrower begins the process by requesting a business loan amount, completing a lender’s credit application and providing any additional documents required by the lender.
Lender Reviews Credit Profile
The lender reviews the application to ensure the borrower meets their minimum criteria and looks at factors such as credit history, annual revenue and time in business to make a credit decision.
Credit Decision is Given
If the lender approves the credit application, they will then determine the maximum loan amount, pricing structure, loan terms and repayment process.
Acceptance and Transfer of Funds
Should the borrower accept the loan terms set by the lender, the loan amount is then transferred to the borrower's bank account.
How Do National Funding's Small Business Loans Work?
Whether you need a small business loan to expand your business or cover expenses during an unexpected lull, National Funding offers quick funding solutions for your business.
How to Apply
National Funding values your time and understands you have a business to run. That’s why our application process is fast and simple. Let us summarize it for you in three easy steps:
Step 1: Fill out the business loan application form.
Step 2: Discuss your business needs with our Funding Specialist to determine the right financing options for you.
Step 3: If your loan application is approved, you will receive the funds within 24 hours.
Why National Funding?
National Funding strives to provide you with the best small business loan experience. Our friendly and customized approach makes obtaining a small business loan simple and stress-free.
How To Get A Small Business Loan
Finding the best loan for your small business can feel overwhelming. With these six easy steps, you’ll receive financing solutions for your business in no time.
Choose the type of business loan that fits your business needs.
From working capital loans to inventory financing, explore the various types of funding solutions available. National Funding offers a wide variety of small business loans to suit your needs.
Determine the loan amount you need and the repayment terms that you can afford.
Calculate the loan amount you need to turn your business into a successful venture. At National Funding, our friendly Funding Specialists can help you determine the terms that work best for you.
Learn what lenders look for in a loan application.
Credit score, age of business, nature of business, profit statement – there are a lot of parameters that lenders scrutinize during the approval process. National Funding requires a business to be in operation for at least six months and at least $250,000 in annual sales to qualify for a loan.
Talk to the lender to understand the application process.
Contact the lender you’re researching to get your questions answered. At National Funding, our expert Funding Specialists are available to help you every step of the way.
Apply for the loan.
Once you’re clear about the lender’s loan application process, fill out the application form online. The National Funding application process takes only a few minutes online.
Choose the loan that works best for your business.
Opt for the loan that provides you with the most beneficial terms. National Funding strives to provide you with the best loan for your business needs.