Working capital loans and equipment financing for bad credit and high-risk industries.

National Funding is an alternative small business lender that works with a wide range of credit types and industries — including cannabis. How does it do this? It’s a provider that partners with alternative lenders for high-risk borrowers it isn’t equipped to take on.


Min. Amount


Max. Amount


Product Name National Funding Small Business Loans
Min. Amount $5,000
Max. Amount $500,000
Loan Term Up to 1 year
Min. Credit Score 620
APR 4% to 8%
Requirements Be in business at least one year and make at least $100,000 in annual sales. Other loan types have additional requirements.

Application Criteria

  • 1+ years in business
  • Make at least $100,000 in annual sales

First, do I qualify?

National funding has different eligibility requirements for its many programs.

Working capital loan qualifications:
  • Be in business one year or more
  • Make at least $100,000 in annual sales
Equipment financing qualifications:
  • Be in business six months or more
  • Have a credit score of 620 or higher

What does National Funding offer?

National Funding offers working capital loans and long-term equipment financing both directly and through its network of lenders. Both come with APRs ranging from 4% to 8%, including a 1%–3% origination fee. An origination fee of 1%–3% is standard, as many business lenders with this fee tend to charge between 3% and 5%.

National Funding’s working capital loans are short-term, unsecured loans that come in one lump sum of $5,000 to $500,000 that you pay back with daily repayments in 12 months or less.

National Funding offers both equipment financing and leasing on new and used equipment. Your business can borrow up to 400% of your equipment’s value and pay it back over loan terms of five years or more.

These rates and terms don’t necessarily apply to National Funding’s partner lenders, however. If you work in a high-risk industry like cannabis, it’s possible you’ll end up with less favorable terms. You also might want to do some research into the lender you’re connected with to make sure its terms and conditions work for your business.

We spoke directly with a representative from National Funding to gather up-to-date information about loan amounts, terms and APR ranges. Info on its site may vary from what you see in our review.

What makes National Funding small business loans unique?

National Funding working capital loans come with some of the most competitive rates for a short-term loan. It’s also more open to different types of industries than your typical business lender and even offers programs by industry type. Your credit score doesn’t matter for its term loans, though you’ll need a credit score of 620 or higher if you’re applying for equipment financing.

What are the benefits of a National Funding business loan?

  • Competitive rates. If you can qualify for a business loan directly through National Funding, your business might end up with some of the most competitive rates for a business loan out there.
  • Fast funding. Once approved, you could get your funds as soon as the next business day.
  • Good credit not necessary. There’s no minimum credit score for its term loans and equipment loans only require fair credit.
  • Most industries acceptedEven cannabis businesses can qualify for a loan through National Funding’s lending partners.

What to watch out for

  • Doesn’t directly fund all loans. If you’ve had a hard time getting a business loan from other online lenders, there’s a chance you won’t be able to qualify for National Funding’s competitive rates.
  • Daily repayments on term loans. This can be difficult for seasonal businesses to afford if they don’t have a consistent daily cashflow.
  • Short terms mean higher immediate cost. A loan term under 12 months can result in some costly daily repayments.
  • Site appears to be out of date. We received details on loan amounts and terms by calling and speaking with a National Funding representative, and they differ from the info you’ll find on its site.

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