National Funding small business loans review

National Funding rates, fees and terms

National Funding offers working capital loans and long-term equipment financing both directly and through its network of lenders. Both come with APRs ranging ranging from 4% to 8%, including a 1% to 3% origination fee. Working capital loans are short-term — 1 year or less — that you repay each day, rather than each month. Equipment loans come with terms of five years or more.

We spoke directly with a representative from National Funding to gather up-to-date information about loan amounts, terms and APR ranges. Info on its site may vary from what you see in our review. Use our calculator to see how much a National Capital loan might cost you.

How National Funding compares to other lenders

Fill out the form to see how National Funding holds up to other providers your business might qualify with.

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Name	Product	Filter Values	Loan amount	APR	Requirements
Fora Financial business loans Finder Rating: 4.1 / 5: ★★★★★			$5,000 – $500,000	Varies	6+ months in business, $12,000+ monthly revenue, no open bankruptcies	Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.	Go to site More Info	Compare	loading Fetching your data…
Lendio business loans Finder Rating: 4.75 / 5: ★★★★★			$500 – $5,000,000	Starting at 6%	Operate business in US or Canada, have a business bank account, 560+ personal credit score	Submit one simple application to potentially get offers from a network of over 300 legit business lenders.	Go to site More Info	Compare	loading Fetching your data…
OnDeck short-term loans Finder Rating: 4.6 / 5: ★★★★★			$5,000 – $250,000	As low as 35%	600+ personal credit score, 1 year in business, $100,000+ annual revenue	A leading online business lender offering flexible financing at competitive fixed rates.	Go to site More Info	Compare	loading Fetching your data…
National Funding business loans Finder Rating: 4.75 / 5: ★★★★★			$5,000 – $500,000	4% to 8%	Be in business at least one year and make at least $150,000 in annual sales. Other loan types have additional requirements.	Working capital loans and equipment financing, some high-risk industries may be eligible.	Go to site More Info	Compare	loading Fetching your data…
Fundbox lines of credit Finder Rating: 4.2 / 5: ★★★★★			$1,000 – $150,000	Not stated	6 + months in business, $100,000+ in annual revenue, 600+ credit score	Get flat rate, short-term financing based on the financial health of your business, not your credit score.	Go to site More Info	Compare	loading Fetching your data…
Bitty Advance business cash advances Finder Rating: 2.8 / 5: ★★★★★			$2,000 – $25,000	Not applicable	$5,000 monthly bank revenue, 6+ months in business, business bank account open 3+ months, 450+ credit score	With APRs in the triple digits, this is best saved as a last resort.	Go to site More Info	Compare	loading Fetching your data…

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How to qualify

National funding has different eligibility requirements for its programs.

National Funding reviews and complaints

National Funding receives mixed reviews. Borrowers are most enthusiastic about its customer service, even mentioning National Funding employees by name.

Not all borrowers were happy with their experience, however. Some claim they were misled into thinking they were going to get lower rates than they actually received. Another reviewer complained that they got spam calls from the lender, which used a geolocation system that makes the call look like its coming from a local phone number.

How the application works

You can apply online or over the phone. If you apply online, you'll fill out a form with information about your business and its financing needs. After you submit the form, National Funding should display a few offers that your business prequalifies for.

Select the offer that best meets your needs and follow the instructions to submit documents — or apply through a partner lender. For working capital loans, you typically need to submit three months of bank statements. Equipment financing usually requires a quote from a vendor.

It can take a few days for National Funding to get back to you with your final loan documents. But after you send in your signed documents, you can receive the funds within 24 hours. Be prepared to start daily repayments if you have a working capital loan.

What sets it apart

National Funding working capital loans come with some of the most competitive rates for a short-term loan. It’s also more open to different types of industries than your typical business lender and even offers programs by industry type. Your credit score doesn’t matter for its term loans, though you’ll need a credit score of 620 or higher if you’re applying for equipment financing.

Is National Funding legit?

Yes, National Funding is a legitimate online lender. It's won several awards, landing on Inc. 50000's list of America's Fastest-Growing Private Companies eight years in a row. And its website is encrypted to protect the personal information you submit online.

But if you're connected with a partner, you'll want to check its legitimacy too before signing up. Read customer reviews on sites like Trustpilot and the BBB. Watch out for government actions against the provider. And make sure it uses encryption before submitting any personal information.

Want to compare more lenders or learn about how business loans work? Check out our business loans guide.

Frequently asked questions