National Funding review: Equipment purchases
National Funding finances new and used equipment with a lower credit bar than banks and a quick turnaround. The equipment itself secures the loan, so the file can be weaker than for an unsecured loan. Pricing is factor-based, so compare the total cost against an SBA or bank equipment loan if you can wait.
National Funding is best for equipment purchases. It offers $10,000 to $150,000 with 24 to 72 hours funding, and requires a 600+ credit score, 6 months in business and $250,000 in annual revenue. Pricing: 1.10 to 1.36 factor.
National Funding equipment financing details
| Amount | $10,000 to $150,000 |
|---|---|
| Cost | 1.10 to 1.36 factor |
| Term | 24 to 60 months |
| Repayment | Monthly |
| Funding speed | 24 to 72 hours |
| Min credit score | 600 |
| Min time in business | 6 months |
| Min revenue | $250,000 per year |
Pros
- Finances new and used equipment
- 600 minimum credit score
- Early payoff discount
- Funding in as little as 24 hours
Cons
- Factor-rate pricing
- $250,000 annual revenue requirement
- Maximum of $150,000 for equipment
- Fees and rates are not published upfront
Figures verified 2026-11-01. Providers change terms; confirm before applying.
Where National Funding stands out
Used equipment is fine
Many lenders only finance new assets. National Funding will finance used trucks, machines and fixtures, which is where the value often is.
Where National Funding falls short
Pricing transparency
You will not see a rate until you apply. Ask for the total repayment amount and divide by the amount financed to see the true markup.
Who qualifies
Requirements
- 600+ personal FICO
- 6+ months in business
- $250,000+ annual revenue
- Equipment quote or invoice
Consider National Funding if you
- You are buying a specific piece of equipment
- You want the asset to carry the collateral, not your home
- You need it operating within the week
Alternatives to National Funding
National Funding appears in: Best Small Business Loans of November 2026, Best Equipment Financing of November 2026, Best Bad Credit Business Loans of November 2026.
Methodology
National Funding was scored on cost of capital, accessibility, speed, repayment flexibility, transparency and borrower outcomes, the same six factors applied to every business loans product on this site. Read how we rate. We have no commercial relationship with National Funding.