Funding with Nationwide Funding Group
In order to qualify for funding with Nationwide Funding Group, business owner needs to submit a simple application and provide the most recent bank statements. Nationwide Funding Group underwriting team will evaluate total amount of deposits, their frequency and daily average balances. However, Nationwide Funding Group DOES NOT do a hard pull, only soft pull of the credit score. This is very important for a merchant applying for funding as their credit scores will not decrease due to the inquiry.
Entire process takes 1 day
After all documents are reviewed, Nationwide Funding Group sales team gets back to the merchant with a variety of funding proposals. It is up to the merchant to decide which option works best to fit their needs. At that point the merchant receives a contract that needs to be executed by both parties, upon execution of which, the merchant receives funding wired to their business account. Entire process does not take more than one day, which allows a business owner to take advantage of immediate working capital.
NFG standards for Funding
NFG standards for Funding
Nationwide Funding Group’s requirements to qualify for funding are very minimal, yet you have to meet certain standards:
- Monthly revenue is at least $5,000
- Business exists for at least a year
- Bad credit is not a problem
- No collateral is required
- Funding up to $1,000,000
- Merchant business needs to be registered in the United States
- We serve most of the industries
What does Nationwide Funding Group finances?
- Additional working capital
- Capital renovations
- Unexpected business expenses
- Equipment purchase
- Business acquisition
- Expanding payroll