National Funding Business Loans Review 2026
Buy Side’s take on National Funding business loans
Buy Side awarded National Funding 5 stars for its small-business loans. The lender’s fast approval and funding, streamlined customer experience and high customer satisfaction were key factors in the rating. You can choose from various loans to meet your business needs.
The factor rate on National Funding loans can result in higher borrowing costs than an interest rate, especially on short-term loans, though it is not uncommon in the industry. The minimum credit score is also high, which can exclude borrowers with poor credit. Information about rates and fees is difficult to find online.
How to apply for a National Funding business loan
Apply for a National Funding business loan online. Submit the required documentation, which might include financial statements. The lender might perform a soft inquiry to ensure you meet credit score requirements, which won’t impact your score. A funding specialist will contact you to discuss your loan options.
Once National Funding approves your loan, it can transfer money to your account in as little as one business day.
How National Funding compares to other lenders
National Funding ranks among our top small-business lenders, primarily because of its fast funding, simple application and positive customer service reputation. Other lenders might be a better fit for applicants who have low credit scores, need a high funding amount or want longer terms.
National Funding vs. OnDeck
OnDeck offers fewer funding options than National Funding, focusing on term loans and business lines of credit. Its term loans have more accessible eligibility requirements, including a minimum credit score of 625 and a minimum annual revenue of $100,000.
OnDeck offers repayment terms of up to 24 months, while National Funding offers terms of up to 18 months. OnDeck’s maximum funding amount is lower than National Funding’s at $400,000.
National Funding vs. iBusiness Funding
IBusiness Funding offers various loan products, including term, SBA and U.S. Department of Agriculture loans. Its term loans range from $25,000 to $500,000, so borrowers who need a smaller loan might opt for National Funding. IBusiness Funding offers a wider range of repayment terms, ranging from six months to five years.
IBusiness Funding has a longer time in business requirement than National Funding at two years, so newer businesses might not qualify. It has a minimum credit score of 660 for term loans.
How Buy Side rates business lenders
We evaluated 28 small-business lenders, focusing on key areas such as affordability, loan options, underwriting requirements, transparency and customer experience. Advertisers and partners don’t influence our methodology or ratings, as our research and editorial team maintains independence in using data-driven processes. We assessed each lender based on characteristics business owners might find appealing, such as offering traditional business loan products, discounts, application guidance, bad-credit options and solutions for short-term funding needs. We focused on lenders with at least $1 billion funded and that have been in business for five years or more. We also verified that the traditional and online lenders offer loans in most states. Learn more about how Buy Side rates the best small-business loans using data-driven methodologies.
We weighed five factors to come up with our ratings:
