• ANNUAL REVENUE: $100,000
  • FUNDING TIME: Within Hours
  • BORROWING: $5,000 to $500,000 (up to $250,000 for MCA)

National Funding Reviews: Rates, Terms, Pros & Cons in 2022

  • MIN. TIME IN BUSINESS: 12 Months
  • ANNUAL REVENUE: $100,000
  • FUNDING TIME: Within Hours
  • BORROWING: $5,000 to $500,000 (up to $250,000 for MCA)

Best For

Startups With a Reliable Growth Forecast


  • Easy Loan Requirements
  • Early Pay Discount
  • No Collateral Needed
  • Simple and Fast Application Process


  • Daily Repayments
  • Expensive

Not many banks are willing to provide small businesses, especially new ones, with a loan, and those that do tend to have uncomfortably high interest rates. This is where credit agencies, such as the California-based National Funding, come in, making it easier for small businesses to get access to timely funding even if they do not have a good credit score or cannot pledge collateral.

The BBB-accredited company was founded back in 1999 and is still led by its founder, David Gilbert. National Funding reviews on various consumer review websites are generally very positive about the quality of the services it provides. Currently, the company offers the following lending options:

Short-Term Business Loans

A loan with a maturity period of roughly one year or less. It charges a flat rate rather than an interest rate.

Merchant Cash Advance (MCA)

The company provides funds in return for a percentage of your future credit card sales.

What is covered in this review?

  • A detailed review of the features offered by the loan provider
  • Loan application process and terms
  • Pros and cons
  • FAQ

National Funding Borrower Requirements and Terms

In order to qualify for a loan, you should meet the company’s requirements. Here’s a breakdown of the terms:

Feature Requirements
Minimum time in business 12 months
Credit score required 500
Annual revenue required $100,000
Borrowing amounts range from $5,000 to $500,000 (up to $250,000 for MCA)
Borrowing fee 17%-36% of the borrowing amount
Origination fee (or any other fee) 2% of the amount
Term length 6-15 months
Location requirements None
Bankruptcies Allowed
Eligible industries All except:
Mining, fossil fuels, airports, car dealers, sports clubs, art galleries, legal services, tour guides, and auction houses
Personal loan guarantee required Yes
APR None (see below for details)
Other $3,000 monthly credit card sales (for MCA)

How to Apply for a Business Loan With National Funding?

Based on numerous NationalFunding.com reviews, its biggest selling point is its fast and straightforward application process. This provides businesses where timely access to funds is critical with a huge incentive to consider the company.

To apply, here are the simple steps you will need to go through:

Step 1: Head over to their website and fill out their form or call a loan specialist directly.

Step 2: Provide your basic personal and business details such as your name, contact details, business address, and its gross annual sales. The company will also ask you to provide some additional essential information regarding the loan.

Step 3: Have bank statements for the last three months, your driver’s license, and a voided business check at hand to validate your application.

Step 4: If you qualify, wait for the funds to be deposited directly into your account, which is usually done within a single business day.

And that’s it! That’s how simple it is to apply for a loan with National Funding.

Pricing and Repayment

Like most of its competitors in the niche, National Funding uses a fixed-fee structure rather than setting an interest rate on the borrowed amount. You are required to repay a fixed one-time fee on top of your loan amount plus an origination fee (2% of the amount).

To illustrate with an example, if you have borrowed $100,000 at a fixed rate of 20%, the total amount you will have to pay back by the term’s end is $122,000.

No collateral is required for any amount you borrow from the company, but you do need to sign a personal guarantee.

How Does Repayment Work?

In the case of a business loan, repayments on debt are made daily with a fixed amount deducted from your account via an automated clearing house (ACH). In the case of MCA, repayment is made by holding back a percentage of your daily credit card revenue with no fixed repayment term.

National Funding business loan reviews say that the company encourages early payment as there is no prepayment penalty, and the debtor is provided with a generous discount instead.

National Funding Details

Here’s a highlight of National Funding’s strengths and weaknesses so you can better evaluate whether or not they are a viable option for your business.

  • Pros

Easy Loan Requirements

National Funding offers some of the most generous loan requirements of any credit agency. For businesses struggling with a bad FICO score or having recently gone through a bankruptcy, their easy loan requirements can be a godsend.

Early Pay Discount

If you pay back your loan early, you get a 7% discount on the total.

No Collateral Needed

No collateral is required to get a loan, just a personal guarantee of repayment.

Simple and Fast Application Process

There are few other credible finance companies in the niche that can match National Funding when it comes to the speed of the application processing, according to NationalFunding.com reviews.

  • Cons

Daily Repayments

Payments have to be made daily, which for some businesses might not be the best option.

Website Not Very Informative

It’s somewhat hard to find the exact information you are looking for on their website.


The higher range rates may incur quite an expense for your business.

Pros Cons
Easy Loan Requirements Daily Repayments
Early Pay Discount Website Not Very Informative
No Collateral Needed Expensive
Simple and Fast Application Process

National Funding Online Reviews

National Funding has near-universally positive ratings across customer review sites. On Trustpilot, the company gets a rating of 4.5 out of 5 (excellent) based on 1,306+ reviews. On Google Reviews, the situation is similar, with the majority giving it a 5-star rating.

Among the various National Funding consumer reviews, its fast, stress-free application process and courteous staff were the main positive highlights. Its tight repayment terms were the main reason for criticism among customers.


National Funding vs BlueVine

If you don’t fancy the daily repayment terms of National Funding or want access to amounts higher than $500,000, BlueVine is a great alternative. As with National Funding, a fast application process and easy qualification are also notable highlights. However, its complicated fee structures can be a bit difficult to understand, and its financing services aren’t available in some states.

National Funding vs Fundbox

Fundbox is another great lending company geared towards small businesses, and it is super easy to qualify for its financial products. It also features a relatively quick application process, and there are multiple channels through which you can contact its representatives. However, its biggest drawback is that its maximum credit line is $100,000, which may not make it suitable for larger, more established businesses. Another thing to note is that term lengths are very short, between 12 and 24 weeks.


While National Funding’s fees certainly are expensive, it is in line with the standards in the niche. Furthermore, because they are fixed, there is no uncertainty about what you will end up paying back on your loan debt. For businesses struggling through a bad time or in desperate need of finances to quickly scale their operations, lending companies such as National Funding provide an easy and secure way to get access to much-needed funds.


Can my business get a loan if I have an active bankruptcy?

If your business is established as a separate legal entity, it may still be able to get a loan even if you are personally going through a bankruptcy process. Check with a credit information service to determine if your business credit history is separate from your personal one.

What is the National Funding customer service availability?

The company’s customer service is available on workdays from 7:30 a.m. to 4:30 p.m. (Pacific Time). You can reach their representative via phone, email, website, or their official social media accounts.

Will an eligibility check impact my credit score?

There are two types of eligibility checks that a company may perform – a soft pull or a hard pull. A soft pull isn’t visible on your credit report and hence has no impact on your score. Meanwhile, a hard pull is visible and too many of them within a short time period can certainly impact your score. National Funding performs a soft pull when you apply for a bad credit score loan.

Who is the National Funding business loan best for?

According to National Funding reviews, National Funding business loans are best for small businesses and startups with a reliable growth forecast that are unable to secure a bank loan at a reasonable rate.

Is it accredited? What is the National Funding BBB rating?

National Funding is accredited by the Better Business Bureau. National Funding BBB reviews are very positive and it boasts an A+ rating.

Is there a professional service fee?

No, National Funding doesn’t charge any professional service fee on its application processing. However, there is a flat 2% origination fee on the loan amount.


I am a curiosity-driven creature searching for answers — and questions — in the digital realm. From marketing through online business creation to software tools — I am fascinated by everything that can make life easier. When not looking for meaning, yoga and good food keep me grounded.