Helping Minority Business Owners Succeed
Like all entrepreneurs, minority business owners must contend with a constantly fluctuating market and day-to-day obligations. Between purchasing new inventory, expanding staff and moving into different premises – running a small business takes money, and oftentimes, that means it requires borrowing. Fortunately, owners seeking minority business loans have a place to turn in National Funding.
Meeting Business Challenges Head-on
Enterprises rise and fall based on smart strategy and proper planning. For most small business owners, that means having the funds necessary to procure goods, pay employees, market to consumers and do all the other things a business needs to do to thrive. However, even business owners with the most intricate of plans may find themselves at a loss for funding. This is where access to small business loans becomes vital.
Of course, borrowing can be easier said than done. In today’s economic climate, it’s harder than ever for hardworking small business owners to obtain the funds they need, as qualifying standards have only gotten stricter. At National Funding, we’re dedicated to helping minority business owners find the funds they need to succeed.
Find Out How Much Funding You Qualify For
Minority Business Loans from National Funding
At National Funding, we have a wide range of small business loans for minorities. From more traditional working capital loans to merchant cash advances, business owners are sure to find a financing option that is suited to their needs.
In addition to variety, National Funding prides itself on making the borrowing process as easy as possible. We know that small business owners are pressed for time, which is why we make our applications as short and straightforward as possible. Our easy, one-page applications feature no obligations on the part of the borrower. Plus, you can also count on quick approvals and access to cash in as few as 24 hours.1
Even more important, National Funding’s small business loans for minorities are designed to be as flexible and fast as possible. With minimal paperwork, lightning-fast funding and straight-forward terms, it’s clear why owners seeking minority business loans turn to National Funding.
Contact us today to find out more about how our small business loan options can help your business reach its full potential.
Small Business Loans
When Banks say no .... National Funding says YES!
National Funding is a direct lender, which means there’s no middleman. We offer the flexibility to create small business loans with terms that meet your specific needs as a borrower. Our high approval rates mean that we can say ‘yes’ when traditional lenders say no. You’ll get a dedicated Loan Specialist who has specific knowledge about your industry and will provide you one-on-one personalized service.
There is no obligation to get started, and no need for collateral or a down payment. Click or call and receive a quick decision and funding in as little as 24 hours.1
Loans from $5,000 to $500,000
No collateral required
Easy, no cost, no obligation application
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.