Saturday, November 1, 2014
National Funding Gets It When it Comes to What American Small Businesses Need
Not all lenders are the same
Lenders who specialize in helping small businesses understand. They offer less restrictions than traditional large banks and are considered alternate funding sources. One of those lenders is National Funding, a San Diego, California-based lender who specializes in financial services for small and medium businesses. In a recent interview with Forbes Magazine, Founder and CEO David Gilbert commented on the current state of lending to small businesses and how his company fills an important gap for small business owners. Here are a few points from the interview.
Q. How does National Funding help small business owners?
A. The company works with small and medium businesses to provide customized lending programs to fit their needs. Their services include working capital loans, financing for equipment, merchant cash advances and credit card processing. They are one of San Diego's fastest-growing companies serving a wide range of industries.
Q. How is National Funding different than a bank?
A. National Funding has broader credit windows which enables them to approve loans faster and easier than traditional banks. They can custom tailor a loan to fit the needs and budget of small business owners. In some cases, loans can be approved in 24 hours. They also offer a variety of payback terms, including smaller and more frequent payments that are easier to budget.
Q. What are some of the changes taking place in the market?
A. Small business owners need more than just capital. They "need equipment financing, merchant cash advances and credit card processing, among other things," comments David Gilbert. He adds that even though online lenders are popular, small business owners "want to talk to someone who is knowledgeable about the lending products and process."
As the company's revenues have doubled over the past three years, they are confident they will continue to grow because they are sensitive to the needs of small business owners; David Gilbert was a small business owner himself.
To read the entire interview by Forbes Magazine, visit www.forbes.com/sites/brentgleeson/2014/10/15/need-funding-the-challenges-and-solutions-to-the-obstacles-of-small-business-lending/