National Funding in the News
What's new and exciting at National Funding? It is all here in our Newsroom, from news and events to press releases. Be sure to check back frequently for updates.
National Funding Closes $125 Million Securitization with Guggenheim Securities
October 04, 2022 07:50 AM Eastern Daylight Time
SAN DIEGO--(BUSINESS WIRE)--National Funding, one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, closed its second asset-backed securitization (ABS) for $125 million. Guggenheim Securities served as sole structuring advisor and the sole initial purchaser of
National Funding Announces Strategic Growth Investment in Finova Capital
March 23, 2022 08:00 AM Eastern Daylight Time
SAN DIEGO--(BUSINESS WIRE)--National Funding, Inc., one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, announced it has made a strategic growth investment in Finova Capital, a business lender focused on merchant finance and the payments industry. National Funding’s significant investment in Finova comes on the heels of market
National Funding Announces the Upsize of Its Bank Credit Facility to $100 Million
March 16, 2022 08:00 AM Eastern Daylight Time
SAN DIEGO--(BUSINESS WIRE)--National Funding, Inc., one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, announced the recent renewal and upsize of a $100.0 million senior secured warehouse line of credit. The upsize includes an accordion to expand to $125.0 million, which was provided by a prominent U.S.-based commercial bank.
National Funding Recognized on Inc. Magazine’s List of California’s Fastest-Growing Private Companies
March 23, 2021 08:00 AM Eastern Daylight Time
SAN DIEGO–(BUSINESS WIRE)-National Funding , one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, is pleased to announce its recognition in Inc. magazine’s second annual Inc. 5000 Regionals: California. The list is the most prestigious ranking of California-based fastest-growing private companies.
National Funding ranked No. 208 with 67
National Funding Makes 2020 San Diego Business Journal Fastest-Growing Companies List Ninth Consecutive Year
January 06, 2021 10:14 AM Eastern Standard Time
SAN DIEGO–(BUSINESS WIRE)–National Funding one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, is pleased to announce it ranked as one of San Diego’s Fastest-Growing Private Companies for the ninth consecutive year.
“National Funding is pleased to be recognized for the ninth consecutive year
National Funding CEO David Gilbert Recognized as One of San Diego’s Most Influential People
December 15, 2020 10:00 AM Eastern Standard Time
National Funding, one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, is pleased to announce that the San Diego Business Journal recognized CEO and Founder David Gilbert in its November 30, 2020, annual edition of the SD500 | The Most Influential People in San Diego.
National Funding is Inc. 5000 8-Time Honoree on America’s Fastest-Growing Private Companies List
August 19, 2020 11:00 AM Eastern Daylight Time
Based on its sustained growth National Funding is an Inc. 5000 fastest-growing private company.
SAN DIEGO–(BUSINESS WIRE)–National Funding, one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, is pleased to announce it is on the Inc. 5000, ranking No. 3575 with three-year revenue growth 104 percent. National Funding is on
National Funding is Inc. 5000 7-Time Honoree on America’s Fastest-Growing Private Companies List
SAN DIEGO (BUSINESS WIRE)— National Funding, one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, is pleased to announce two recently
recognized growth milestones. National Funding made Inc. Magazine’s 2019 Inc. 5000 7-time Honor Roll, and the company was also recognized by the San Diego Business Journal as one of San Diego’s Fastest Growing Private Companies
National Funding Closes $120 Million Securitization with Guggenheim Securities
National Funding, one of the largest U.S. specialty finance companies serving small- and medium-sized businesses, closed its first asset-backed securitization (ABS) for $120 million. Guggenheim Securities served as sole structuring advisor and sole initial purchaser of the notes. The facility has a 3-year revolving period, a 5-year legal final, and is expandable to $500 million.
National Funding CTO Geoff Howard Receives Top Tech Exec Award in the Private Medium Company Category
SAN DIEGO – (BUSINESS WIRE)–National Funding, one of the largest fintech lenders of small- and medium-sized business loans, is pleased to announce CTO Geoff Howard received the San Diego Business Journal’s 2019 Top Tech Exec award in the Private Medium Company category. The Journal hosted its 12th annual awards program to honor outstanding San
Fintech Leader National Funding is a Platinum Sponsor of Broker Fair 2019
SAN DIEGO – National Funding, one of the largest fintech lenders of small- and medium-sized business loans, announced today that it is proud to be a platinum sponsor of Broker Fair 2019, May 6 at the Roosevelt Hotel in New York City.
Kicking off with a Pre-Show Party on Sunday, May 5, the Broker Fair 2019 annual conference will be the
National Funding Promotes Joseph Gaudio to President
SAN DIEGO, (November 6, 2018) — National Funding, one of the largest private fintech lenders of small and medium-sized business loans, announced today that Joseph Gaudio who was previously Chief Operating Officer, has been promoted to President. Gaudio will report directly to Founder and CEO Dave Gilbert. This appointment comes on the heels of the company’s acquisition of leading
National Funding Promotes Justin Thompson to Chief Revenue Officer
National Funding, one of the largest private fintech lenders of small and medium-sized business loans, announced today that Justin Thompson who previously was Executive Vice President of Sales has been elevated to Chief Revenue Officer. This expanded role will now include responsibilities of developing the new Strategic Partnership vertical, in addition to his previous management of a one-hundred person sales division
National Funding Acquires QuickBridge
National Funding, one of the largest private fintech lenders of small and medium-sized business loans, announced today that the company has purchased QuickBridge, a leading alternative financial services firm offering working capital to small businesses (SMB) nationwide. Today’s announcement bolsters both companies by combining back-end resources, including advanced technology, innovation and product development. Both companies will continue to operate independently.
National
National Funding is Inc. 5000 6-Time Honoree on America’s Fastest-Growing Private Companies List
SAN DIEGO – With revenue growth of 142 percent over the past three years, National Funding joined 233 companies in the financial services sector and 126 companies in San Diego who appeared on the Inc. 5000 List of Fastest-Growing Private Companies. The financial services company has made this prestigious list for six consecutive years.
“Our year-over-year recognition on the Inc. 5000
National Funding Named One of San Diego’s Fastest-Growing Private Companies Six Consecutive Years
SAN DIEGO — Financial technology company, National Funding, announced it has received the San Diego Business Journal’s Fastest-Growing Private Company award six consecutive years. National Funding made the 2018 list based on its percentage of verified new growth between 2015 and 2017. With a reported 59.6 percent increase in annual revenue, National Funding ranked No. 82.
National Funding was first
National Funding Appears on the Inc. 5000 List Five Times in a Row
National Funding makes Inc. magazine’s prestigious Inc. 5000 list five consecutive years reporting 185% growth from 2013 – 2016 for the new 2017 list.
SAN DIEGO, Calif.–(BUSINESS WIRE)–National Funding, one of the country’s leading financial technology companies for small and medium-sized businesses, ranked as one of the nation’s fastest-growing private companies on two prestigious lists. In July, the San Diego Business
David Gilbert, CEO of National Funding, Named Entrepreneur Of The Year® 2017 Award Winner in San Diego by EY
David Gilbert joins three decades of groundbreaking entrepreneurs in the Entrepreneur Of The Year® 2017 Finance category.
SAN DIEGO, June 15, 2017 – EY today announced that Founder and CEO David Gilbert of National Funding, one of the country’s leading financial technology companies for small and medium-sized businesses, received the Entrepreneur Of The Year® 2017 Award in the Finance category
Holiday Bowl Gets Title Sponsor
There are easier ways to secure tickets on the 50-yard line for the Holiday Bowl, but perhaps none as imaginative as becoming the game’s title sponsor.
Holiday Bowl officials were prepared to play this year’s game, which matches Wisconsin and USC, without a sponsor’s name above the marquee.
That won’t be necessary now that National Funding, a local financial technology company,
Wells Fargo Capital Group to provide additional $45M to National Funding
Small business lender National Funding has secured an additional $45 million in funding from Wells Fargo Capital Finance. That brings Wells Fargo’s total commitment to $75 million.
National Funding CEO David Gilbert said the additional commitment will allow them to provide additional assistance to small businesses across the country. Mr. Gilbert described Wells Fargo as a “premier bank” to work with,
Disrupting Finance Since 1999
Many people believe that “alternative finance” started in 2005. US giant Lending Club was launched in 2007, two years after the arrival of major UK consumer lender Zopa. However, at least one market participant has been around for much longer. National Funding was launched in 1999. As such, it has weathered the 2002 downturn, and of course the
Guess Which Small Business Industry Is Growing the Fastest?
Growth in manufacturing and consumer spending has helped this unglamorous industry prosper
Those big rigs you see rumbling down the freeway are a sign of good times.
Trucking is now the fastest-growing small-business industry in the U.S., thanks to a robust economy and expanded options for small-business loans and financing.
Two kinds of small businesses in trucking posted the biggest jumps in
National Funding CEO Warns Against Complacency in Improved Economy
A small business funding expert is cautioning small business borrowers to remain just as diligent in assessing the different credit options available in the improving economic climate.
David Gilbert is the CEO of National Funding, a small business funder that began with equipment leasing in 1999 before growing to offer merchant cash advances, small
Online Lenders Provide Quick, Easy Access To Capital
Capital and credit markets aren’t what they used to be, and for many small and medium-sized businesses that’s turning out to be a good thing. To be sure, traditional sources of funding such as bank loans, lines of credit, and venture capital continue to dominate, but the emergence of alternative funding providers — especially tech-driven online lenders — is