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National Funding small business loans review

Working capital loans and equipment financing for bad credit and high-risk industries.’s rating: 4.5 / 5.0


Bottom line: This lender can fund or connect a wide range of credit types and industries with financing — including cannabis. But it’s hard to get an idea of the rates you’ll get if you work with a partner.


Min. Amount$5,000
Max. Amount$500,000
Loan Term4 to 24 months
Min. Credit Score500
APRNot stated
Financing fee1.1
RequirementsIn business 6+ months and make at least $150,000 in annual sales. Other loan types have additional requirements.
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  • Funding as soon as the next business day
  • No credit requirements for short-term loans
  • Works with high-risk industries like cannabis


  • Not transparent about costs and terms online
  • Doesn’t fund all loans itself
  • Short-term loans come with daily repayments

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 a factor rate that starts at 1.1 — or 10 cents for every dollar you borrow. Working capital loans are short-term — 2 years 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 fees. 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.

National Funding partners may offer different rates and terms

These rates and terms don’t necessarily apply to National Funding’s partner lenders, however. If you work in a high-risk industry like cannabis, it’s possible you’ll end up with less favorable terms. You also might want to do some research into the lender you’re connected with to make sure its terms and conditions work for your business.

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.

Name Product Filter Values Loan amount APR Requirements

Biz2Credit business loans
Finder Rating: 4.7 / 5: ★★★★★

Biz2Credit business loans
$25,000 – $6,000,000
Starting at 5.99%
6+ months in business; $100,000+ monthly revenue; 500+ credit score
Get only the capital you need through secure, prescreened lenders with this highly rated company offering SBA, expansion, working capital and other loans.

Lendio business loans
Finder Rating: 4.75 / 5: ★★★★★

Lendio business loans
$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.

ROK Financial business loans
Finder Rating: 4.7 / 5: ★★★★★

ROK Financial business loans
$10,000 – $5,000,000
Starting at 6%
Eligibility criteria 3+ months in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
A connection service for all types of businesses — even startups.

OnDeck short-term loans
Finder Rating: 4.6 / 5: ★★★★★

OnDeck short-term loans
$5,000 – $250,000
As low as 35%
600+ personal credit score, 1 year in business, $100,000+ annual revenue, active business checking account
A leading online business lender offering flexible financing at competitive fixed rates.

Fundbox lines of credit
Finder Rating: 4.2 / 5: ★★★★★

Fundbox lines of credit
$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.

Compare up to 4 providers

How to qualify

National funding has different eligibility requirements for its programs. But you and your business must meet the following requirements to qualify for a business loan from this provider.

  • In business 6 months or more
  • At least $150,000 in annual sales
  • Credit score of 500

National Funding reviews and complaints

BBB accredited Yes
BBB rating A+
BBB customer reviews 1.4 out of 5 stars, based on 25 customer reviews
BBB customer complaints 64 customer complaints
Trustpilot Score 4.6 out of 5 stars, based on 1,434 customer reviews
Customer reviews verified as of 09 December 2021

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.

Business loan ratings

★★★★★ Excellent
★★★★★ Good
★★★★★ Average
★★★★★ Subpar
★★★★★ Poor

We rate business loan providers on a scale of 1 to 5 stars based on factors like transparency, costs and customer experience. We don’t take into account elements like eligibility criteria, state availability or payment frequency — we save that for our reviews.

Read the full methodology of how we rate business loan providers to get a better picture of what goes into each star rating.

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