National Funding: How It Can Help Fund Your Business
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In the old days, securing a business loan was quite a daunting endeavor. You would need to sit down at a desk with someone at a bank and plead your case, fill out a bunch of paperwork, and generally waste a lot of time that you could be putting into developing your business. The process can take weeks, even months. Thankfully, today we have National Funding loans – an alternative funding solution for the modern age.
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. This lender has been in business since 1999, and has originate more than $2 billion in loans over the years to more than 40,000 businesses in a wide array of industries. They also have 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 a quote 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 anyone who wants to avoid them). If you own and operate a business that is short on cash and needs funding for paying bills, covering capital expenditures, business development, having cash on hand, or equipment financing and leasing, then a National Funding loan might be your best option.
While some business owners sometimes turn to credit cards for short-term financial needs, the ridiculous interest rates involved can lead to disaster – making alternative lending a much more cost-effective option. Retail businesses, medical practices, family farms, landscaping companies, and a plethora of other types of businesses have relied on National Funding to help their companies 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.f
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
Need additional capital to help develop and smoothly run your business? Small businesses in various industries can get up to half a million dollars from National Funding to help them grow their company. They customize each lending solution for each individual business, making sure that they build the right small business loan for your particular needs. Then, business owners can use it for covering capital expenditures, keeping a high reserve of working capital, or whatever your firm needs.
In order to qualify, your business must:
- have already been in operation for 12 months
- be generating revenue of at least $100,000 per year
- have a credit score higher than 600 (which is below the national average of 704)
Equipment Financing & Leasing
- Up to $150,000 to finance or lease pre-owned or new business equipment
- Almost no limitations on types of equipment
- Flexible payment options, like seasonal, quarterly and skip payments
Setting up a business, or even just updating or improving your existing business, can cost much more than you would have imagined. Physical equipment purchases can be necessary if certain businesses are to stay afloat. National Funding gets 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 deductions laid out under IRS 179.
Here are the requirements for a business to get financing for equipment purchases from National Funding:
- In business at least six months
- Credit score upwards of 620
- 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 just 24 hours.
How To Get A Quote
A National Funding business loan is incredibly easy to apply for. 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 found in your bank account in as soon as the next business day after your online application.
National Funding’s small business loan options:
- repaid in terms of four months to 24 months
- daily or weekly payments
Equipment financing loans:
- can be repaid anywhere between two and five years
- monthly payments
If business owners pay off their balance early, they can save between 6-7% – not including borrowers who are leasing equipment.
National Funding loans come from a reputable alternative lender that offers affordable funding solutions to small business owners that would rather avoid the lengthy process involved in getting a loan from a traditional corporate bank. With accessible credit score requirements and a super-fast application process, National Funding small business loans get cash into borrowers’ bank accounts in as quickly 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.
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