National Funding: How It Can Help Fund Your Business
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Small business owners often need extra funding to even out cash flow or take advantage of opportunities. Tax time might cause a cash crunch. The holidays may call for new inventory and extra help. You might need to purchase supplies and materials before starting a new job. For thousands of small business owners, National Funding small business loans are the solution.
Traditional lenders have never put out the welcome sign for small businesses. The traditional loan process doesn’t work for small business owners, either. It requires loads of paperwork and can take weeks, even months. National Funding business loans are an app-era alternative to the big retail banks.
National funding small business loans can be obtained without any sort of collateral or down payment, and business owners can get lightning-fast approval and funding using an easy online application. Since 1999, National Funding has originated over $2.5 billion in loans to more than 40,000 businesses in a wide array of industries. The company has great customer reviews and an A+ rating from the Better Business Bureau.
Small business owners who need quick funds to purchase or lease equipment, manage payroll, pay for marketing or even taxes can get money in as little as 24 hours. National Funding also offers early repayment incentives as well as relaxed credit score requirements.
Who National Funding Loans Are For:
National Funding small business loans serve as an alternative source of quick cash for business owners who wouldn’t qualify for funding from traditional big banks or want to avoid the time-consuming and tedious process. If you own and operate a business that needs funds for capital expenditures, business development, equipment financing and leasing, or simply to fill cash-flow gaps or have cash on hand, then a National Funding loan might be your best option.
While some business owners may turn to credit cards for short-term financial needs, the ridiculous interest rates can lead to disaster – making alternative lending a much more cost-effective option. Retail businesses, contractors and construction businesses, medical practices, family farms, landscaping companies, and a plethora of other types of businesses have relied on National Funding to help in all sorts of ways.
National Funding Business Loan Options:
National Funding business loans can be applied for, approved, and funded in as little as one day – but there are different loan options and certain requirements that need to be met first. The eligibility criteria are much more flexible than typical small business lenders, but there are requirements nonetheless.
Let’s check out the two main types of National Funding products: small business loans and equipment financing and leasing.
National Funding Small Business Loans
• Between $5,000 and $500,000
• Minimal paperwork
• No collateral
Small businesses can get up to half a million dollars from National Funding to help run and grow the company. Lending solutions are customized for each business, so business owners can be sure they get the right small business loan for their particular needs. Business owners can use the money to cover capital expenditures, keep a high reserve of working capital, or whatever the firm needs.
In order to qualify, your business must:
• have been in operation for 12 months
• be generating revenue of at least $100,000 per year
Equipment Financing & Leasing
• Up to $150,000 to finance or lease pre-owned or new business equipment
• Almost no limitations on types of equipment
Setting up a business, or even just updating or improving your existing business, can cost much more than you would imagine. Physical equipment purchases can be necessary if certain businesses are to stay afloat. National Funding can get you up to $150,000 for pretty much any type of equipment – it’s your choice and there are hardly any limitations. There’s also the potential for tax savings with the special Section 179 tax deduction.
Here are the requirements for a business to get financing for equipment purchases from National Funding:
• In business at least six months
• An equipment quote (new or pre-owned) from a vendor
How to Get Started & Fund Your Business
If your small business has been in business for at least a year (or just six months for equipment financing and leasing), then you may qualify for a National Funding small business loan. The application process is quick and simple, and you can get funds in your bank account in as little as 24 hours.
Get a quote for a National Funding small business loan now.
How To Get A Quote
It’s incredibly fast and easy to apply for a National Funding business loan. All a business owner needs to do to get a quote is head over to the National Funding homepage and fill out the 1-page application form. You may be asked to provide:
• Three months of bank statements
• Personal information about the business owner (like your social security number)
• Your business’ tax ID
Getting Your funds
You can receive your lump-sum business financing in as little as 24 hours, subject to how soon you submit your required documentation – and how long your bank takes to process such deposits. With a National Funding small business loan, funds can be in your bank account in as soon as the next business day after your online application.
Repayment
If business owners pay off their balance early, there is a discount of 6-7%
Conclusion
National Funding is a reputable alternative lender that offers affordable funding solutions to small business owners. With easy credit score requirements and a super-fast application process, National Funding small business loans get cash into borrowers’ bank accounts in as little as one business day.
If your business needs cash quickly, has been in operation for a while, and is also expected to generate more revenue than the principle of your loan, then a National Funding loan might be the perfect solution for you.