Home → Reviews →

National Funding Review


  • Fast and easy application process
  • Discounts for early repayment
  • Funds are disbursed quickly


  • Rates can be expensive
  • Repayments are required frequently

Average Rating: 4

Visit site

Do you need fast funding for your business?

National Funding might be just what you need, so let’s check out all the good and bad things about this company and the services it offers.

In this National Funding review, I am going to provide information about:

  • Their loans (Including Terms, fees, and repayments)
  • Requirements
  • National Funding consumer reviews
  • Application process
  • Customer service and Technical support
  • Competitors
  • Pros and Cons
  • FAQs

Firstly, let’s check out some of the basic information that you need to know about National Funding:

  • National Funding is an online lender that provides short-term business loans and merchant cash advances.
  • Although their short-term loans come with high interest rates, they are designed for business owners who can’t qualify for a bank loan.
  • National Funding is a California-based company founded in 1999 and has provided more than $3+ billion in capital to over 50,000 businesses nationwide.
  • The application procedure is quick and easy. You can begin your application online, or you can call sales directly to get things underway.
  • National Funding’s financing solutions are unsecured, which means borrowers are not required to put down collateral. You are, however, expected to sign a personal guarantee if you’re the primary borrower.

If you want to find out more about the services this company provides, keep reading the National Funding Reviews.

National Funding Borrower Requirements, Terms and Repayment Process

As we have already mentioned, National Funding offers two types of financing: short-term business loans and merchant cash advances.

But what are the required borrower qualifications and terms?

In the National Funding loan reviews, I have found the following information:

Feature Data
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 2% of the amount
Funding time If approved, within one business day
Location requirements Available to applicants in all 50 states
Bankruptcies Allowed
Eligible industries Mining, fossil fuels, airports, car dealers, sports clubs, art galleries, legal services, tour guides, and auction houses
Personal loan guarantee required Yes
Collateral Does not accept collateral
APR None

National Funding, like most of its competitors, uses a fixed-fee structure. Instead of paying interest, you will be charged a one-time fee based on a percentage of the borrowing amount.

According to 2020 National Funding Reviews, cash advances are paid by holding back a percentage of your daily credit card revenue.
In the case of National Funding, the fee typically falls between 17%-36% of the amount you borrow. You should also expect to pay around 2% of the amount borrowed in origination fees.

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.

There’s no fixed repayment term length in the latter case, as your repayments will fluctuate along with your cash flow. However, if all goes well, National Funding cash advances are typically designed to be repaid within 15 months.

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.

Regarding the National Funding PPP loan reviews, the CARES Act (Coronavirus Aid, Relief, and Economic Security) included $349 billion to support small businesses. On the week of April 20th, 2020, an additional $370 billion have been approved for small business funding.

Application Process

One of the best features of alternative funders, such as National Funding, is the fast and easy application process.

Here are the steps of the application process, provided from Nationalfunding.com reviews:

1) Fill out the form on the website or call a loan specialist directly.
2) Provide your basic personal and business details such as your name, contact details, business address, and gross annual sales. The company will also ask you to provide some additional essential information regarding the loan.
3) You need to have bank statements for the last three months, a driver’s license, and a voided business check at hand to validate your application.
4) If you qualify, wait for the funds to be deposited into your account (which usually takes one business day).

That’s it. It is that easy to apply for a loan at National Funding.

Customer Service and Technical Support

You can reach National Funding by:

Phone (888.733.2383; Monday – Friday 7:30am to 4:30pm PT)
Mailing address (9820 Towne Centre Drive San Diego, California 92121)
Email ([email protected])

You can also reach them on Facebook, Twitter, or LinkedIn.

User reviews

Let’s look at some National Funding group reviews and see what people think about this company.

We will divide the National Funding online reviews into negative and positive ones below.

Negative reviews and complaints

According to National Funding BBB reviews, National Funding maintains an A+ rating with the BBB, indicating that it tends to respond to timely complaints.

Despite that, there still have been some complaints. Let’s check them out:

  • Qualifying can be difficult
    Some customers complained that they received pre-approval notices from National Funding but ended up not being qualified after going through the application process.
  • Expensive
    While National Funding’s business practices are well in line with the merchant cash advance and short-term loan industry in general, customers who don’t have much experience with them were shocked by the fees.
  • Aggressive sales tactics
    Several complaints involve unsolicited marketing calls and mailers from the company.

Positive Reviews and Testimonials

On the other hand, the National Funding reviews Yelp are very positive, and they state that National Funding representatives have been helpful and helped their businesses grow.

Furthermore, National Funding has an excellent 4.6/5 rating on Trustpilot with over 1300 reviews.

Let’s see what people liked about National Funding:

  • Poor credit okay
    The credit prerequisites for MCAs are low, making it easy to qualify.
  • Quick and easy
    Compared to traditional lenders, the application and approval processes are really easy.
  • Easy renewals
    If you’re making your payments, you can easily get more funding from National Funding.

All in all, in the National Funding reviews, National Funding’s user reviews are highly polarized, with customers coming away with strong positive or negative assessments of the company.


Two of the top competitors of National Funding are BlueVine and Fundbox. Let’s see why:

National Funding vs. BlueVine

According to National Funding vs. BlueVine reviews, if you don’t like 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 challenging 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.

Pros and Cons

Let’s see the pros and cons of National Funding:


Low credit score requirements
Discounts for early repayment
No collateral required
The fast and easy application process
Funds are disbursed quickly


Rates can be expensive
Some additional fees charged
Repayments are required frequently
Misleading website advertising


National Funding provides short-term, flexible business loans to help businesses purchase or lease equipment, grow their business, or cover expenses.

While National Funding’s fees certainly are expensive, it is in line with the standards in the niche.

Furthermore, there is no uncertainty about what you will end up paying back on your loan debt because they are fixed.

We have found from the National Funding reviews that businesses struggling with a bad time or are in desperate need of finances to scale their operations quickly, lending companies such as National Funding provide a comfortable and secure way to get access to much-needed funds.


  1. Is National Funding an approved SBA lender?

According to National Funding SBA loan reviews, National Funding is not an approved SBA lender, which means they do not service SBA loans.

2. What is the customer service availability?

Reaching National Funding’s sales staff is easy and painless, but the experience might be even better if you are a paying customer.

3. Who is 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 cannot secure a bank loan at a reasonable rate.

4. Is it accredited? What is National Funding BBB rating?

The Better Business Bureau accredits national Funding. National Funding BBB reviews are very positive, and it boasts an A+ rating.

5. 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.

6. 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 can certainly impact your score within a short time period. National Funding performs a soft pull when you apply for a bad credit score loan.

7. 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.