You’ll also be opted in to receive text messages if you don’t uncheck the box to revoke permission, so read carefully as you proceed. As is often the case when it comes to lenders, National Funding’s user reviews are highly polarized, with customers coming away with strong positive or negative assessments of the company. One of the bigger selling points of alternative funders such as National Funding is the fast and simple application process. Like when applying for a working capital loan, you’ll likely have to show documents that prove how long you’ve been in business and that your gross sales meet their requirements. To apply for a National Funding business loan, you need to provide your name, contact information and estimated annual gross sales.

Great customer service, personable service and amazing communication. They have all the trappings of a high functioning organization. Since it was a private-party sale, he didn’t have any type of commercial financing to offer apart from saying that I could try Farm Credit. Dahna M. Chandler is an award-winning business and finance journalist with 25 years of experience writing for major media outlets and top blogs. Because of her love for all things digital and entrepreneurship, she’s worked as a freelance online journalist and blogger her entire career. This parameter considers the scores achieved from independent user review sites, such as Trustpilot.

I was just poking around looking for alternatives to see who stands up to National Funding comparatively. Generally, with Ascentium Capital, we pay interest rates in the mid-teens and all the paperwork is done electronically using lendah complaints Docusign. We’re thinking of moving to take-out only since Illinois has mandated that dine-in isn’t allowed. Lower payments from National Funding definitely help right now while we try and dig ourselves out of this hole.

It’s not about positivity, it’s about spreading negativity. National Funding has been around for a long time-over a decade to be sure. That being said, they’ve proven that they can outlast two recessions, both the Great Recession and the recession caused by this Covid pandemic. That’s how I measure if a company is worth working with. So, if that’s the case, we should be able to shop around, find the best deal, then go back around a second time and get people to fight for the deal.

Even still, if you can afford to pay cash or can finance with a dealer, do it. If you have poor credit or limited business credit, I’m guessing this is when lenders like National Funding will prove more valuable than gold. Nd decided to take a run at another small business loan. When I connected with National Funding they asked me some basic information about my business. One of the questions was if I had any trucks or trailers in my fleet that were paid off, free and clear with liens.

I believe the my account is handled by Mark Hurst, VP in Charlotte NC. You can email him at if you need money for your business. Lenders like National Funding aren’t publicly-traded, so they too are quaking in their boots. If their entire portfolio doesn’t keep up with their payments, the whole system collapses. And trust me, it won’t be just you and I that can’t make their payments, everyone will slow pay and eventually default. National Funding will find themselves with a useless like of uncollectible debt.

Roman Bogomolny was nice at first, we signed the paperwork and I got the funding, then the problems began. They have made several unapproved EFTs from my account, when I called to ask why Roman threatened to contact my clients and remove my equipment. Keep in mind, I had paid everything on time via EFT and never refused to pay.

National Funding has a fully online application process, which makes it easy to apply for a loan and get approved. However, there’s no online account portal or obvious way to access your account to make payments. The lender also lacks a mobile app, so you’ll deal with the company on a web browser from your computer. Finally, National Funding doesn’t charge interest on its merchant cash advances.

National Funding charges a factor rate for these loans in lieu of an interest rate. We aren’t a fan of this calculation method for loans because it obscures the true cost of lending if you’re trying to compare it with other APR-based loans, which is more typical. And, if your income is less than required, but your FICO score is above 650, you will be redirected to “apply for a credit card” with Eve Financial.