National Funding

Overview

National Funding is one of the longest-operating merchant cash advance lenders, founded in 1999. Originally focused heavily on MCAs, they’ve shifted toward business loans and equipment financing while maintaining MCA offerings. Their longevity and experience make them a trusted option for businesses seeking established, reliable financing partners.

Key Differentiators:

Established lender: Founded 1999, industry experience
Multiple products: MCAs, business loans, equipment financing
Flexible terms: Various repayment options
Industry expertise: Decades of small business financing experience
Customer focus: Personalized service approach

Merchant Cash Advance Details

Factor Rates & Terms

Factor rates: 1.15–1.45 (typical range)
Advance amounts: $10,000 – $500,000
Maximum advance: $500,000
Holdback percentage: 10–20% of daily sales
Term length: 3–18 months typically
Renewal options: Available with improved performance

Eligibility Requirements

Time in business: 1+ year minimum
Monthly revenue: $15,000+ minimum
Credit score: 600+ (emphasis on business performance)
Bank statements: 3–6 months required
Industry restrictions: Most standard industries accepted
Business stability: Consistent operations valued

Funding Speed

Application to approval: 24–72 hours
Approval to funding: 1–3 business days
Emergency funding: Available for urgent needs
Documentation: Standard digital submission

Other Financing Products

Business Loans

Amounts: $10,000 – $250,000
Terms: 6–24 months
Rates: 10–30% APR
Use cases: Working capital, expansion, inventory

Equipment Financing

Amounts: Up to 100% of equipment cost
Terms: 2–7 years
Rates: 8–30% APR
Collateral: Equipment being financed

Invoice Factoring

Amounts: Based on invoice value
Terms: 30–90 days
Rate: 1–5% of invoice value
Requirements: Commercial invoices, reputable customers

Application Process

Step-by-Step

Initial consultation: Phone or online inquiry
Document submission: Financial statements, business documents
Underwriting review: Business analysis, credit assessment
Offer presentation: Terms, rates, repayment structure
Acceptance & funding: Agreement, funding within days

Required Documents

3–6 months business bank statements
Business tax returns (1–2 years)
Personal identification (driver’s license, SSN)
Business license/registration documents
Credit card processing statements (if applicable)

Cost & Fee Structure

Merchant Cash Advance Costs

Factor rate fee: Built into total repayment (1.15–1.45)
Origination fee: 2–5% (typical for established MCAs)
Monthly fees: Possible administrative fees
ACH return fee: $25–$50 per failed withdrawal
Early payoff: Terms vary, possible discounts

Comparison to Industry Averages

Metric	National Funding Average	Industry Average
Factor rates	1.15–1.45	1.15–1.45
Time in business minimum	1 year	6 months
Maximum advance	$500,000	$400,000
Customer service	Personalized	Standardized
Industry experience	Decades	Years

Customer Experience

Ratings & Reviews

Better Business Bureau: Mixed reviews (historical issues)
Google Reviews: 3.8/5 stars
Industry publications: Recognized as established player
Customer testimonials: Positive for personalized service

Common Praises

Established reputation: Long history in industry
Multiple options: MCAs plus loans and equipment financing
Personalized service: More consultative approach
Flexible terms: Various repayment structures
Industry expertise: Decades of experience

Common Complaints

Fee structure: Origination and administrative fees
Factor rates: Can be higher for some applicants
Communication: Occasional process delays
BBB ratings: Historical complaints noted

Industry Specializations

Best For These Industries

Established small businesses: 2+ years operating
Equipment-intensive businesses: Manufacturing, construction
Service businesses: With consistent billing
Retail: Inventory financing needs
Healthcare: Equipment purchases

Industries With Limitations

Startups: <1 year history challenging
Highly volatile businesses: Unpredictable revenue
New industries: Limited financing experience
Cash-only operations: Limited credit card sales

Regulatory & Compliance

Licensing & Registration

Registered: California corporation, nationwide operations
Licenses: Licensed lender in all 50 states
Compliance: Follows state lending regulations
Transparency: Standard disclosure practices

Industry Affiliations

Small Business Finance Association (SBFA): Member
Commercial Finance Association (CFA): Participant
Better Business Bureau: Historical accreditation

Strategic Considerations

When National Funding Makes Sense

Established businesses: Want lender with long history
Multiple financing needs: MCAs plus loans/equipment
Personalized service preference: Want consultative approach
Equipment financing: Need combined MCA + equipment funding
Industry experience value: Want lender with decades of experience

When to Consider Alternatives

Startup status: <1 year history not ideal
Fee sensitivity: Want to avoid origination fees
Need fastest funding: Other providers offer 24-hour funding
Excellent credit: May qualify for better bank rates
Simple MCA only: Want dedicated MCA provider

Contact Information

Primary Contact

Website: nationalfunding.com
Phone: (800) 861-3281
Address: 9820 Willow Creek Rd, San Diego, CA 92131
Email: info@nationalfunding.com

Application Portal

Online application: nationalfunding.com/apply
Document upload: Secure portal available
Status tracking: Application updates
Support: Phone, email, consultation

Comparison to Other Providers

vs. OnDeck

National Funding advantage: Equipment financing, personalized service
OnDeck advantage: Technology-driven, lower starting rates

vs. Rapid Finance

National Funding advantage: Established history, multiple products
Rapid Finance advantage: Faster funding, no origination fees

vs. Credibly

National Funding advantage: Equipment financing, longer history
Credibly advantage: Lower starting rates, more startup-friendly

vs. Kapitus

National Funding advantage: Established since 1999
Kapitus advantage: Higher maximum advances, revenue-based focus

Final Recommendation

Overall Rating: 3.8/5 Stars

Best suited for: Established small businesses (2+ years) seeking a lender with decades of industry experience who need multiple financing products (MCA + loans + equipment).

Consider if: You value lender longevity, want personalized consultation, need equipment financing alongside working capital, or prefer a more traditional financing approach.

Look elsewhere if: You’re a startup (<1 year), need fastest possible funding (24 hours), are highly fee-sensitive, or want the most competitive factor rates.

Bottom line: National Funding offers the advantage of decades of industry experience and a more consultative, personalized approach to financing. While their factor rates and fees are typical for established MCA lenders, their longevity and multiple product offerings make them a solid choice for established businesses seeking reliable financing partners.

Last updated: March 2026. Rates, terms, and eligibility requirements subject to change. Verify current offers directly with National Funding before applying.

National Funding — Established MCA Lender Since 1999