National Funding Logo

Loan Amounts


$5,000 - $500,000

Loan Term


4 - 60 months

APR Range


15% - 30%

Min. Credit Score



Editorial Rating

National Funding Reviews & Analysis

Advertiser disclosure This page may contain links to our partners’ products and services, which allows us to keep our website sustainable. This means that may receive a compensation when you sign up and / or purchase a product or a service using our links. However, all opinions expressed in this article are solely ours, and this content is in no way provided or influenced by any of our partners.

Loan Amounts


$5,000 - $500,000

Loan Term


4 - 60 months

APR Range


15% - 30%

Min. Credit Score





2% origination fee

Funding Time


24 hours

Years in Business


1 year

BBB Rating



Min. Revenue


$10,000 per month



All 50 states

National Funding Logo

Editorial Rating

Tired of that long and tiresome process of applying for a loan with a bank only to find out you have been rejected?

Then, you should look into the quick loans offered by National Funding!

In our National Funding review you will find the following information:

  • What type of financial services and products National Funding offers and who they are best for
  • How to borrow money online instantly from National Funding
  • Terms and requirements
  • National Funding reviews from business owners
  • The pros and cons of using National Funding
  • The costs associated with using National Funding
  • Their privacy policy
  • How to contact National Fundingc ustomer service
  • Frequently asked questions (FAQ) about National Funding

What Is National Funding?

National Funding was founded in 1999 and since then the company has provided business lending options to small business owners.

This online lender offers the following financial services and products:

  • Small business financing
  • Equipment financing and leasing
  • Merchant cash advance

Who Is National Funding Best for?

National Funding is best for people who cannot qualify for traditional loans due to the high business borrower requirements and for people that need quick money loans.

The whole process from applying to getting the funds deposited in your business checking account takes less than a week.

Getting Started with National Funding

In order to start your application process with National Funding, you simply need to click on the APPLY NOW button on their official website.

You will then need to fill out a free application, providing them with some basic information about you and your business.

The following information is required:

  • Time in business
  • Annual gross sale
  • Business address

Once you have filled out the online form, your application will be processed and you should be connected to a dedicated loan specialist.

Terms & Requirements

The qualifications to apply for National Funding business loans vary depending on the service you are looking for. But, there is something for everyone.

Let’s start with their business loans for bad credit.

These are the business funding requirements:

  • 1 year in business
  • $100,000 in annual gross sales
  • 3 months’ bank statements

Factors that can affect your loan eligibility are:

  • Your business and personal credit score
  • Years in business
  • Annual revenue
  • Collateral (your equipment can be used as collateral if you need an equipment loan)
  • Co-Signer

With National funding, you can secure working capital of up to $500,000. The minimum loan amount you can borrow is $5,000.

Applicants for National Funding business loans can get approved with credit scores as low as 500 for direct loan borrowers and 475 for renewals.

Now, let’s talk about the funding they offer for financing your business equipment.

The maximum loan amount is $150,000.

Here are the requirements for equipment funding:

  • You need to be at least 6 months in business
  • You need a minimum credit score of 575 on the FICO credit scoring model
  • You need an equipment quote from a vendor

And lastly, with National Funding you can apply for merchant cash advance. A cash advance is a loan you receive in exchange for a percentage of your future credit card sales.

They offer advances up to $250,000. You can get approved within the same day and no collateral is required. And there is no prepayment penalty.

To apply for a business cash advance from National Funding:

  • You need to be business at least 1 year
  • Your monthly credit card transactions need to be over $3,000

User Reviews

We looked up National Funding reviews online and we will sum up the good and bad things business owners had to say about their lending experience with National Funding. We have also included a few screenshots of National business funding reviews.

These are the highlights of the good National Funding reviews we read from consumers online:

  • National funding loans are processed quickly
  • The loan specialists are knowledgeable and helpful
  • Hassle-free and transparent process

In a nutshell, the customers were mostly satisfied with the friendly customer service representatives and how quick and easy it was to borrow money online. National Funding probably has great loan renewal policies, as a good part of the National Funding financing reviews were from repeat customers.

Here are some verified customer reviews of National Funding from Trustpilot, where the company has a 4.6 rating:

National Funding Review
(Image Source: Trustpilot)

National Funding Review
(Image Source: Trustpilot)

These are the highlights of the complaints customers had after using National business funding solutions:

  • The National Funding interest rates are high
  • The full costs are not discussed and some are only disclosed in the loan agreement
  • Frequent payments are required
  • Personal information is shared with third  parties

In essence, a majority of the National Funding customer complaints were related to the high costs of the loan. So, if you are using their services to get easy business funding, make sure to read the agreement carefully.

Here are some verified customer complaints of National Funding:

National Funding Review
(Image Source: Trustpilot)

National Funding Review
(Image Source: Trustpilot)

National Funding Rates & Fees

National funding is not very upfront about the costs related to the funding they offer, however, these are some of the most common costs you can expect when getting a small business loan:

  • Annual percentage rate (APR)
  • Down payment
  • Factor rate
  • Origination fee
  • Underwriting fee
  • Closing costs
  • Other fees (check processing fees, prepayment fees, late payment fees, etc.)

Privacy & Security

National Funding collects the following information about you:

  • Non-Personal Information (anonymous usage data, general demographic information etc)
  • Personal Information (name, email address, phone number, business name etc)

Your information is not sold, however, it is shared with vendors who are performing services for National Funding.

Your personal information is used to:

  • Communicate with you
  • Provide technical support
  • Inform you about promotional offers

Your information is protected from breaches by the implementation of security measures such as encryption, firewalls and secure socket layer technology. However, in spite of all this, there isn’t a guarantee that your information is 100% secure.

To unsubscribe from receiving emails, contact them at [email protected]

National Funding Customer Support

National Funding customer service can be contacted by phone or email.


How does National Funding compare to other business lenders?

National Funding Vs Kabbage

What both National Funding and Kabbage have in common are the low credit requirements. These alternative lenders represent the best way to borrow money if you don’t have a good credit history.

The difference is in the products they offer. Kabbage offers invoice financing and a business line of credit, whereas National Funding offers short term business loans and merchant cash advance.

With Kabbage, you can get approved for a credit line of up to $250,000. National Funding offers a bigger amount: term loans of up to $500,000.

Kabbage also offers Paycheck Protection Program loans. To find out how to apply for a PPP loan through Kabbage, check out our Kabbage review.

National Funding Vs Fundbox 

Fundbox offers two types of financial services:

  • Business lines of credit
  • Trade credit (Fundbox Pay)

New customers, however, can apply only for a business line of credit. Trade credit is available only to existing customers.


How much can Fundbox lend?

You can apply for a business line of credit of up to $100,000.

While National Funding offers a larger loan, they require you to have $100,000 in annual revenue. To apply for a Fundbox line of credit, you only need $50,000 in annual revenue. What’s more, you can still apply even if you have somewhat less.  

National Funding Vs OnDeck

Unlike National Funding’s loan offer of up to $500,000, OnDeck allows you to borrow a maximum of $250,000. OnDeck also has higher FICO score requirements. You need a score of at least 600 to apply.

In addition, OnDeck will report your payments to three major credit bureaus: Experian, Equifax, and Paynet.

If you are looking for ways to improve your credit score, we recommend our credit score statistics article, which contains useful info on how your score is calculated and tips on how to improve it.

Final Verdict

To finish off our National Funding review, let’s sum up what we liked and didn’t like about National Funding.

What we liked the most is the high acceptance rate and the low requirements. This way, business owners aren’t hindered in their ability to expand their business due to their credit history.

Another thing we liked is the fast online application process, which is a good alternative for borrowers in the United States who don’t have the time to go through a burdensome and slow process with a bank.

What we didn’t like are the high rates and the overall cost of the loan. In addition, frequent payments are required.

Yet, that’s the price to pay for the convenience of getting a quick loan. Banks have lower acceptance rates in general and the costs are lower. So, if you meet the requirements for lenders that offer lower rates, National Funding is not your best option.

Alternative lenders mostly offer loans geared towards business owners that have limited options when it comes to borrowing money.


  • No collateral required
  • High loan approval rates
  • A+ National Funding BBB rating
  • Low business loan requirements
  • Low personal credit requirement
  • A fast and easy application process
  • The online application form has no potential impact to credit score


  • High costs
  • Requires frequent payment
  • Personal guarantee is required
  • An estimated annual percentage rate of the loan isn’t disclosed on the website
National Funding Logo

Editorial Rating


Is National Funding legit?

It’s pretty normal to be concerned about whether National Funding is a scam. However, worry not, as National Funding is a fully legitimate company that has an A+ rating with the Better Business Bureau.

How does National Funding work?

Using National services to get business funding is a pretty straightforward process and it is great if you need emergency funding. All you need to do is fill out the online form on their website and you will be contacted by a loan specialist to discuss your options. You can either get a business loan, cash advance or equipment financing.

Is National Funding a good lender?

National Funding has a 4.6 rating on Trustpilot. A large number of the reviews were positive. Customers liked the fast application process which is great if you need ready access to working capital. Most of the complaints were about the high rates, however almost all lenders which have low loan requirements make up for it with high fees.

Is National Funding a direct lender?

Yes, National Funding is a direct lender. This is why they have a higher approval rate and lower credit requirements. Most lending marketplace platforms simply connect you to large authorized lenders.

Does National Funding check credit?

Yes, National Funding does check your credit. All legitimate lenders need to evaluate the risk of lending money. A borrower’s score or creditworthiness indicates the likelihood that person will pay their debts.

Is it hard to get a loan from National Funding?

As National Funding is a direct lender and they have low requirements, getting approved is relatively easy. However, not all applicants get loan approval. You also need to check if your business is a part of the industries they serve.

Can I get a loan from National Funding if I have a bad credit score?

Yes, National Funding has approved applicants with scores as low as 500.

How to get a small business loan with bad credit?

Having poor credit can definitely limit your options when it comes to business loans. However, you can still find unsecured loans for bad credit. Alternative lending options such as National Funding are mostly interested in how well your business is doing. So even if you have a poor credit score, you can still borrow money.

Some alternative lending solutions are invoice factoring, collateralized loans, merchant cash advances or business lines of credit.

For more info about alternative lenders, check out our Kabbage, Bluevine, Fundbox and National Funding reviews.