How to apply for The National Funding Business Loan

Get the Funds Your Company Needs by Applying with National Funding

National Funding offers a range of financial services, including equipment financing and quick working capital loans. Small- to medium-sized businesses can benefit from their working capital loans, which provide amounts between $5,000 and $500,000 with flexible repayment terms of four months to two years. The loans can be repaid daily or weekly, depending on your preference. Additionally, business owners can qualify for equipment financing up to $150,000. National Funding stands out as a lender because of its flexible qualification standards for both types of financing.

When it comes to eligibility, National Funding considers several factors. The top candidates for their financing options are:

• Businesses that can make regular payments: National Funding often requires daily or weekly payments. If your cash flow can support this arrangement, National Funding may be an excellent choice for you.
• Companies with yearly gross sales of at least $250,000: To be eligible for a loan or equipment lease from National Funding, your business must have annual gross sales of $250,000 or more.
• Businesses that can pay off loans early: National Funding offers incentives for early repayment. If you can pay off your remaining debt on equipment finance loans before the term ends, you can enjoy a 6% reduction on the remaining balance. Similarly, paying back a working capital loan within the first 100 days entitles you to a 7% discount off the total outstanding sum.

If your company meets these criteria, you’re ready to learn how to apply for a National Funding Business Loan.

Eligibility for National Funding Business Loan

National Funding has a high acceptance rate and accepts applicants with credit scores ranging from 600 to 850 and higher. Having a higher credit score can result in a lower interest rate. Additionally, applicants must make a minimum salary of $100,000 per year and have at least $1,500 in savings. The annual gross income requirement for all loans is $250,000. However, if you have filed for bankruptcy within the past 12 months, you are ineligible. Borrowers of equipment leasing contracts and small business loans must have been in operation for at least two years. National Funding takes various circumstances into account when assessing your eligibility.

When you apply for a National Funding Business Loan, a professional loan consultant will be assigned to guide you through the application process and offer suggestions on how to increase your loan eligibility.

How to Apply for a National Funding Business Loan

To apply for a business loan from National Funding, you need to provide your name, contact information, and expected yearly gross sales. Once you submit this basic information, a representative from National Funding will get in touch with you. Depending on the type of financing you’re applying for, you may need to provide specific documentation to establish your gross sales and length of time in business. For equipment financing, you’ll need to request a quote from the supplier to include in your application. After submitting your formal application, if you are accepted, you could receive funding in as little as 24 hours.

National Funding Business Loan vs Reliant Business Loan

If you have a fair credit score, we highly recommend applying for a National Funding Business Loan. However, if you find your options limited due to your credit situation, consider a Reliant Business Loan. Reliant Business Loans have low prerequisites, making it easier for you to qualify for funding.

Benefits of National Funding Business Loan

• Quick funding
• Prepayment reduction
• Financing options for entrepreneurs with weak credit
• Services available to numerous sectors

Benefits of Reliant Business Loan

• Quick funding
• Accessible in the majority of American states
• Less stringent requirements

How to Apply for a Reliant Business Loan

If you want to apply for a Reliant Business Loan, learn more about the application process by visiting their website.

Written by

Claire Harrison