And that’s why they have a low credit score requirement for business loans. A lot of people also says that they understand that not everyone is a good credit risk as they are here to help entrepreneurs who may have been denied a bank loan.
National Funding Business Loans is a start-up that helps small business owners get the financing they need to grow their businesses. With high trust ratings on TrustPilot and a talented team of professionals, National Funding Business Loans is one of the best ways to get a loan for your small business.
National Funding Business Loans Interest Rates and Fees
Interest Rate: National Funding Business Loans interest rates are not fully disclosed but it is assured and proven that it starts with 5.9% – this number is considered to be relatively low especially if you compare it to other business loans that has a skyrocketed APR with low loan amounts.
Late payment and prepayment fees: National Funding Business Loans charges late payment fees of $10 to borrowers who forgot to pay their dues on time. Moreover, National Funding Business Loans doesn’t charge any prepayment fees to borrowers who wants to pay their dues a little earlier than the scheduled period.
Origination fees: The origination fee of National Funding Business Loans can be a minimum of 1% up to 2%. This fee is deducted right away before you can even get the loan proceeds. Remember to take origination fee into account before you decide how much money you wish to borrow.
Advantages and Features of National Funding Business Loans
Available in all of USA: National Funding Business Loans offers loans to small businesses and entrepreneurs in all of the United States so that they can start their business and expand their business. They offer a variety of loan options for businesses of all sizes. With the loan, businesses can make renovations, buy equipment, and develop their business.
Also offers business loans for women: National Funding Business Loans offer a variety of business loans for women, including loans for start-ups and/or expansions, lines of credit, as well as for payroll. With a variety of loan products, they ensure that they are able to offer the right solution to fit your business needs.
Highly recommended by many: The company is a reputable business that is one of the most trusted loan providers in the industry. National Funding Business Loans is also well known for providing funding to businesses and entrepreneurs.
Qualifying for National Funding Business Loans
It’s important to understand what you can and cannot do with a National Funding Business loan. These loans are meant for business owners who are looking to grow their business and are looking for financial assistance. They are typically used for day-to-day operations, expansion, commercial real estate or new equipment.
To qualify for National Funding Business Loans, your business must have been in operation for at least six months, have an annual revenue of at least $250,000, and have a stable and consistent cash flow. The credit score of the borrower should also be 600 or more.
How to apply for National Funding Business Loans?
If you want to apply for National Funding Business Loan, just go to their website and provide your name, contact information, and your estimated gross sales. After that, a customer service representative will get back to you and they will ask for some sorts of documents to prove how long you’ve been in the business.
After that, a formal application will be made and assuming that you’ve been approved, you can receive your funds on your bank account in just as little as 24 hours.
Business loans are an important way to help a business grow. With a business loan, you’ll be able to go from conception to completion without running out of cash. In order to get a business loan, you’ll need to do a lot of research.
National Funding Business Loan is happy to assist you on further developments on your business, especially gives you the opportunities to make different ways on how you can make the most out of the potential of your business using their business loans.
Indeed, business loans are a great way to break into a new industry or offer a new service to your current customers. And National Funding Business Loan can give you just that. This loan is also highly recommended by a lot of people because they help others to secure a loan in a quick and hassle-free way.