National Funding

What National Funding does

National Funding, Inc. is a San Diego-based online small business lender founded in 1999 that has provided more than $4.5 billion in financing to over 75,000 U.S. businesses across its 24-plus-year operating history. Operating under California Financing Law License #603A169, the company serves U.S. small and medium-sized businesses with working capital, equipment financing, and short-term business lending solutions, and employs between 101 and 250 people under founder and CEO Dave Gilbert.

The company's core product portfolio includes small business loans ranging from $5,000 to $500,000 for working capital, payroll, marketing, and taxes; equipment financing and leasing up to $150,000 with 2-5 year terms and multiple lease structures ($1 Buyout, 10% Option, Fair Market Value); and short-term working capital loans with 4-24 month terms and flexible daily or weekly repayment cadences. The technology platform combines digital application processing, automated underwriting guidelines, and electronic funds transfer capabilities designed to deliver funding decisions in as little as 24 hours, supported by a phone-based Funding Specialist team providing consultative service. The company also offers industry-specific lending products for senior care, medical practices, agriculture, gardening and landscaping, and gym and fitness center verticals, and maintains a structured Partner Programs ecosystem spanning Affiliate/Referral, Strategic Partner, Equipment Vendor, and Broker Services channels.

National Funding's business model is centered on origination fees and interest income from its loan and lease portfolio, with capital sourced and recycled through asset-backed securities securitization transactions. The company has executed five ABS securitizations from 2013 through March 2026, growing from $30 million in 2013 to a record $295 million in 2026 (initially priced at $220 million and upsized by $75 million, oversubscribed across all bond classes with a 92 basis point yield improvement), with Guggenheim Securities leading the 2022 transaction. Distribution is omnichannel: direct-to-consumer online application, inside sales via dedicated Funding Specialists, and three core partner channels. The company is privately held with no disclosed institutional equity investors, no parent company, and no M&A activity in the source materials.

Name

National Funding

Legal name

National Funding, Inc.

Website

https://nationalfunding.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

101–250 employees

Short description

National Funding is a San Diego-based online small business lender providing working capital loans ($5,000-$500,000), equipment financing (up to $150,000), and short-term business loans to SMBs nationwide, serving 75,000+ businesses with $4.5 billion+ funded since 1999.

Ownership category

akta.pro rank

Product category

Small Business Lending

NAICS

Sales Financing (52222)

SIC

Short-Term Business Credit Institutions (6153)

akta.pro primary industry

SME Term Loans & Growth Capital (FSAKAGAB)

akta.pro secondary industry

SBA/Government-Backed & Development Finance Loans (FSAKAGAI)

Keywords

• Small business loans
• Equipment financing leasing
• Working capital loans
• Alternative commercial lending
• Short term business loans

Headquarters

HQ city

San Diego

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Others

Revenue model

1. Small Business Loans: National Funding provides small business loans ranging from $5,000 to $500,000 for working capital, inventory, payroll, marketing, taxes, and other business expenses. The company earns origination fees and interest income from these loans.
2. Equipment Financing and Leasing: Equipment financing and leasing solutions up to $150,000 for purchasing or leasing new or used equipment. Revenue generated through lease payments and financing fees with terms of 2-5 years.
3. Asset-Backed Securities: The company securitizes commercial financing assets through ABS transactions. Record $220 million securitization in March 2026 (fourth deal), subsequently upsized by $75 million to $295 million, demonstrating institutional investor appetite and generating capital for lending operations.

Pricing tiers

Go-to-market motion1 record

Distribution channels5 records

Marketing channels5 records

Core offering

National Funding is an online small business lender that provides unsecured working capital loans from $5,000 to $500,000 and equipment financing and leasing up to $150,000 to U.S. SMBs. Loan products are underwritten and funded through a digital application platform with decisions in as little as 24 hours, supported by dedicated Funding Specialists, and include industry-tailored packages for sectors such as senior care, medical, agriculture, and landscaping.

Product overview

National Funding offers a unified small business lending platform providing multiple financing products centered around small business loans ($5,000-$500,000) and equipment financing/leasing (up to $150,000). The core offerings include Small Business Loans, Equipment Financing and Leasing, Working Capital Loans, and Short Term Business Loans. Additionally, the company provides industry-specific financing solutions for Senior Care & Assisted Living, Medical Practices, Agriculture, and Gardening & Landscaping businesses. The platform also includes a Partner Programs module enabling affiliate partners, strategic partners, equipment vendors, and brokers to offer financing to their customers. The company emphasizes fast approval decisions (as little as 24 hours) and personalized service through funding specialists.

Differentiator

Problem solved

Functional benefit

Products and services

• Small Business Loans Unsecured working capital loans ranging from $5,000 to $500,000 for U.S. small and medium-sized businesses, used for inventory, payroll, marketing, taxes, and general operating needs, with funding decisions available in as little as 24 hours.
• Equipment Financing and Leasing Financing and leasing solutions up to $150,000 for new or used equipment, with 2–5 year terms and lease structures including $1 Buyout Lease, 10% Option Lease, and Fair Market Value Lease.
• Working Capital Loans Loans providing day-to-day operating capital for small businesses, with terms from 4 to 24 months and flexible payment options including daily or weekly remittance.
• Short Term Business Loans Short-term financing solutions designed for immediate business needs, offering faster repayment terms than traditional business loans for U.S. SMB borrowers.
• Senior Care & Assisted Living Business Loans Specialized financing solutions for senior care and assisted living businesses to cover equipment purchases, facility maintenance and modernization, everyday expenses, and expansion.
• Medical Practice Business Loans Financing options for healthcare professionals and medical practices to fund medical equipment purchases, office renovations, staff hiring, and operational expenses.
• Agriculture Business Loans Farm and ranch financing solutions to help agriculture businesses purchase equipment, hire workers, expand operations, and cover everyday expenses, designed for seasonal revenue patterns.
• Gardening & Landscaping Business Loans Financing for landscaping and gardening businesses to manage seasonal revenue fluctuations, purchase equipment, hire staff, and cover operational costs.

Quantifiable outcome

• Funding decisions and funding available in as little as 24 hours for qualified applicants
• +3 more outcomes

Named customers2 records

Segments6 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Small Business LoansminorGTM or Marketing PartnerNational Funding maintains a marketing partnership with Small Business Loans (smallbusinessloans.com) as a proud sponsor, appearing on the company's platform to increase visibility among small business owners seeking financing options.
• Affiliate and Referral PartnerscoreChannel Partner/ Reseller/ DistributorNational Funding partners with publishers who have engaged audiences of small business owners through an Affiliate & Referral Program. Partners earn affiliate commissions for connecting their audiences with National Funding's financing solutions. Features include simple partner application and setup, flexible payout options, competitive EPCs, and bonus options.
• Strategic PartnerscoreChannel Partner/ Reseller/ DistributorNational Funding offers a Strategic Partner Program for businesses looking to provide financing options to their small business customers. Partners receive aggressive commission rates, dedicated resources and support, and detailed performance reporting to increase their product offering with captive financing solutions.
• Equipment VendorscoreChannel Partner/ Reseller/ DistributorThe Equipment Vendor Program allows equipment sellers to offer financing options (equipment financing and working capital loans) to their customers. Vendors earn referral fees and generous commissions, first-time bonuses and residual income, with a dedicated Vendor Relationship Manager supporting both vendors and their customers.

Scale indicators9 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/nationalfunding
• Facebookfacebook.com/national.funding
• LinkedInlinkedin.com/company/national-funding

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds5 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about National Funding