National Funding Business Loans Review 2024: Is It Right For You?

Becky Hanson

National Funding offers small businesses working capital and equipment financing loans that help scale and grow operations. Suitable for a broad range of businesses, you could receive approval and funding within 24 hours. 

Overall rating


Summary: National Funding will consider applications from borrowers with fair to excellent credit that helps business owners invest in their business.

National Funding Business Loans

national funding logo


Max. Loan Amount

6+ months

Time In Business


Monthly Revenue


Credit Score



Loan Application


Loan Purpose


Loan Terms, Fees, & Rates


Repayment Options


Industry Restrictions


Customer Service


Safe & Secure


  • Early payoff discounts 
  • Fast approval and funding 
  • High approval rates for loan applications 
  • Highly rated lender 
  • Personalized experience


  • Daily or weekly repayment 
  • High minimum annual revenue

Best For

  • Small businesses 
  • Working capital loans 
  • Equipment financing 
  • Businesses with consistent cash flow


HQSan Diego, California, United States
Loan AmountUp to $500,000 for working capital loans and $150,000 for equipment financing loans. 
Loan TermsUp to 5 years for equipment financing loans and 24 months for working capital loans. 
Interest Rate TypeFixed
Loan SecurityUnsecured
Collateral RequirementsNo collateral required
Min. Credit Score600
Min. Monthly Revenue$10,000
Time In Business6+ months
Turnaround TimeAs quick as 24 hours
State RestrictionsAvailable in all States

In depth review on National Funding Business Loans 

Serving small businesses nationwide since 1999, National Funding offers two types of business loans.

  • Working capital loans: A small business loan that helps pay for inventory, payroll, marketing, taxes, and more. You can borrow up to $500,000 for up to 24 months.  
  • Equipment financing loans: A business loan that helps you purchase or lease equipment. You can borrow up to $150,000 for up to 5 years.  

Here’s a summary of the business loan offers: 

National Funding Small Business (Working Capital) Loans Equipment Financing Loans 
Time in business required 6+ months 2+ years 
Loan Amount Up to $500,000 Up to $150,000 
Loan Term  Up to 24 months 2 – 5 years, 72 months available in special cases 
Starting rate 1.10-factor rate 4.99 simple interest 
Early repayment discount 7% discount on the remaining balance if the loan is paid in full within the first 100 days 6% discount on the remaining balance when they pay off the loan early 
Repayment schedule Daily, weekly Monthly 
Funding speed As soon as 24 hours, 1-7 days 24-72 hours 
Personal guarantee Required Required 
Origination fees 1 – 3% 1 – 3% 
Source: National Funding 

Regardless of where you’re located across all 50 US states, National Funding can provide lending solutions that give you the cash flow injection you need to grow.  

National Funding Business Loan is best for  

  • Small businesses: National Funding provides lending solutions for small businesses looking to scale and grow.  
  • Working capital loans: Borrow up to $500,000 to help pay for inventory, payroll, marketing, and more. 
  • Equipment financing: Secure up to $150,000 in financing to invest in new or used equipment. 
  • Businesses with consistent cash flow: Businesses with consistent cash flow will be better suited to working capital loans due to the daily or weekly repayments required.  

National Funding Business Loan benefits  

  • Early payoff discounts: Businesses looking to pay off their loan early could benefit from an early payoff discount.  
  • Fast approval and funding: Apply online and you could receive approval and funding within 24 hours.  
  • High approval rates for loan applications: National Funding encourages you to apply even if you have been turned down elsewhere for a business loan. 
  • Highly rated lender: National Funding has an excellent rating on Trustpilot with an average 4.8-star rating and over 1500 reviews.  
  • Personalized experience: A funding specialist will take the time to get to know you and help you secure a small business loan tailored to your specific needs. You’ll be kept up-to-date throughout the loan process and informed of any additional documents you may need to submit to support your application.  

National Funding Business Loan drawbacks  

  • Daily or weekly repayment: Your loan may require frequent repayments, which can be a strain on cash flow.  
  • High minimum annual revenue: Businesses should have a minimum of $250,000 in annual revenue to qualify for a business loan.  

Loan application  


National Funding has a simple loan application process to get started and you could receive approval within 24 hours. It’s a good idea to have the following information on hand: 

  • Name 
  • Business name 
  • Email 
  • Phone number 
  • Annual gross sales 

Once you submit your basic information, National Funding will assign a customer representative to take you through the process. You may need to submit additional documentation such as audited financials that prove your gross annual sales. Funding could be deposited into your account in as little as 24 to 48 hours.  

A personal guarantee is required for both working capital and equipment financing loans.  

Loan purpose


National Funding Business Loans can be used for a range of purposes. Working capital loans can help your business finance daily operations and cover short-term business needs. Some of these include: 

  • Cover payroll costs to ensure your employees are paid on time 
  • Hire new staff to expand your business 
  • Purchase stock during busy seasons 
  • Increase cash flow due to a shortfall 
  • Pay for equipment maintenance or repairs 
  • Unexpected business expenses 

Sometimes your business may require an equipment upgrade or additional working capital. An equipment financing loan can help you with the following: 

  • Lease new or old equipment to increase production 
  • Improve your business efficiency and production 

Loan terms, fees, and rates  


Terms for equipment financing loans are between 2 – 5 years where payments are made monthly. Working capital loans have daily or weekly payments over a term of 4 – 24 months.  

When taking out a small business loan an origination fee of 1 – 3% may apply. There are no early repayment fees or penalties.  

Repayment options 


Payment schedules can be daily, weekly, and monthly. All payments are withdrawn via ACH, Monday – Friday.  

If you’re looking to pay off your business loan early, you could be eligible for an early payment discount between 6 – 7%. Balances must be paid off in full and accounts must be in good standing.  

Industry restrictions 


National Funding does not disclose industry restrictions. However, the following industries could be eligible for a small business loan: 

  • Agriculture 
  • Cleaning Services
  • Construction 
  • Manufacturing 
  • Medical Practices 
  • Convenience Stores 
  • Dental Practices 
  • Food Trucks 
  • Restaurants 
  • Farms 
  • Gyms 
  • Law Firms 

A full list of industries can be viewed on their website.

Customer service 


To get in touch with National Funding, you can call 888.733.2383 or email from Monday to Friday 7:30 am to 4:30 pm PT. Customer service representatives aim to solve all your questions and issues in a timely manner.  

In addition, National Funding has an excellent rating on Trustpilot with an average 4.8 rating and over 1500 reviews. Many of the positive customer experiences enjoyed the seamless application process and fast turnaround.  

Safe and secure  


National Funding has an A+ with the BBB. Serving small businesses since 1999, the company has extensive experience in a range of industries lending over $4.5 billion in capital to over 75,000 businesses nationwide.  

Is National Funding Business Loan right for you? 

National Funding is the ideal partner for your small business financing needs if you require fast funding, the ability to pay off your loan early, and you have consistent cash flow. 

Businesses with fair or bad credit are encouraged to apply since additional variables such as your annual gross revenue and time in business are taken into consideration during the loan application process.  

Where National funding falls short are the daily or weekly repayments required on working capital loans. As a small business owner, you may feel a strain on your cash flow and any missed payments could hurt your credit score.  

Overall whether you’re experiencing a slow season or considering an exciting opportunity to expand your operations, short-term business financing with National Funding can support your growth and keep your everyday operations running smoothly.