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About National Business Capital Reviews
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National Business Capital is a fintech (financial technology) marketplace that works with more than 75 lenders to offer small business loans and financing. The company can help you find the right Small Business Administration loan, short-term loan, long-term loan, business line of credit or equipment financing. For every deal the company funds, it donates 10 meals to Feeding America.
National Business Capital Reviews
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Reviewed Jan. 7, 2021
I got a pretty good experience with them, especially John **, my advisor. He understood our needs and within a couple days came up with a solution and a lender we signed up with for a line of credit. Pretty hefty interest rates, but we got the funds we needed. Keep the good work up guys!
Reviewed Dec. 1, 2020
In the middle of the Pandemic when our company was at its most vulnerable our Business Financial Advisor Ori really rescued us! He fought to find us the best offers, he spent countless hours of his time offering thoughtful financial guidance and encouragement! From creating financial models for our President, to renegotiating with banks on our behalf, he truly went above and beyond! We really lucked out when we found this place, and we are so grateful to National and Ori for changing our lives for the better! 10 stars!
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Reviewed Nov. 20, 2020
John ** was exceptionally professional. Answered every question and concern. We were on a very tight deadline due to Covid 19 related supply chain issues. John never lost his cool when the pressure was on. Good Guy!
Reviewed Nov. 19, 2020
The process was straightforward. I sent bank statements and they came back with an offer. But I do feel I was steered into an offer. Last year, I was told my terms would be better. But the terms were the same. Everything was friendly. It's a source of money, but expensive.
Reviewed Nov. 10, 2020
We're growing very fast and we needed support. We went with National Business because they were easy to work with. The process was really easy. I had a lot of support from their team. They were constantly checking in and telling me when I was making a bad decision or a good decision and what may be more beneficial. They allowed us to continue growing and acquiring new clients. The lending process have been limited because of the financial situation we're in right now but there was nothing that they could have done differently.
Reviewed Oct. 27, 2020
National Business Capital approved me and I assumed from my conversation with their rep and with the closer that they were up front and honest. Everything went well but I would like a weekly payment instead of every day. That's my biggest issue. It's hard on us drivers to pay every day. I have three trucks. I drive one and I have two drivers. The issue with them is they don't know how to do paperwork properly. Even if they get it in, they're still for some reason wrong. We put everything in on Thursday so we can get paid on Friday. When I have to pay every day, it still takes a while for them to get it together.
Reviewed Sept. 21, 2020
If you need emergency cash, ask for Ricky **. Not only offers you the best options that fit your needs, he takes you step by step in the process. NBC loan processing is fast and simple. Once approved your money will be deposited to your account in no time. If you are looking for working capital, call Ricky with no doubt. I look forward to grow my business relationship with them.
Reviewed April 24, 2020
We sent National Business Capital about 100 letters. We're like a union company and we have specialized workers that work in the special event industry, and there are no special events right now. We had made an agreement with them to cut the payments in half, and they bounced a bunch of our payroll checks. They didn’t do anything they said they were gonna do and they’re still not doing anything they say they’re gonna do.
It’s not like we’re not trying to pay it, but I’m not gonna have them wipe me out. There’s a lot going on in the country right now, and the guy my wife has been talking to, Paul, wants to treat me like I’m an idiot. I've been in this business since 1998. I own 13 pieces of property. I don’t owe anybody any money. I'm not gonna sit here and get treated like a 15-year old kid. He keeps wanting to ask me why I get angry with him. Right now, our creditors are not even paying us. So, if there's no events with 50 or more people, I'm out of business. I have 40 employees with my office workers, and 36 of them were on the road when all of these happened. And now, we have five people on the road, my son included in them, and we're doing a little bit of hospital expansion. We went from making $400,000 a month to not making anything.
If National Business Capital could waive my payment for a month or two until the concerts come back up, that would be great. I’m not even asking for a non-payment service fee, but it’s gotta be reduced. Last time, they were supposed to cut the payments in half and they overdue our bank account. We didn’t watch it. We figured they were taking 2,000 out, but they were taking everything, and it threw the whole account off. We called them immediately. As soon as we've seen what was happening, we tried to work with them right off the bat. It's a pretty big deal. As far as the bank people go, I have no problems with them. As far as their lending partner, Snap Advance people, I'll never use them again. My experience has been miserable.
Reviewed April 3, 2020
I did a bunch of searches regarding financing and it seemed like National Business Capital is the best one to go with. I got a small business loan from them and the application process was pretty good and easy. I started online and then got calls from their rep. I felt he was trying to help me. They were really good.
Reviewed April 2, 2020
We were looking for a small working capital and I heard about National Business Capital through a real estate company. We then did small business loans with them. The process was good, and we either got the financing through email or text. So, it was straightforward. Then the guy we dealt with communicated with me well and he kept me informed. One of our loans took a couple of days, while another took a little bit longer -- four or five days. I'm not a huge fan of these so expensive loans, but I understand why they are expensive. Overall, working with them got me through a tight spot that I needed to get through. They have a lot of different options one can participate in.
National Business Capital & Services author review by Barbara Friedberg
Founded in 2007, National Business Capital & Services is a Bohemia, New York-based business financier. It is known for providing loans to small businesses across the US, Peurto Rico and Canda in a quick and efficient manner. The company also offers business equipment financing and business lines of credit, in addition to small business loans.
Low credit funding: National Business Capital & Services works with consumers who cannot secure a loan through their bank; in fact, 70% of their customers have previously been denied a loan. National Business Capital & Services advertises that it can help business owners with FICO credit scores below 500.
Brief application process: Interested business owners can apply online. The application takes just two minutes, and a representative will contact you with a decision in 24 hours or less.
Helpful online calculators: National Business Capital & Services offers helpful online calculator tools for customers who want to calculate how much of a loan they can afford and how much the loan will cost them over time.
Flexible loan terms: National Business Capital & Services offers flexible terms, with one to five-year repayment options, and ten-year repayment terms for extensive manufacturing equipment financing.
High approval rate: Even though over 70% of their customers have been denied loans through traditional banks, over 90% of applications are approved by National Business Capital & Services. That means most people who can’t find a small business loan elsewhere because of their credit can be financed through National Business Capital & Services.
Barbara Friedberg, MBA, MS is a former investment portfolio manager with decades of financial experience. Friedberg taught Finance and Investments at several universities. Her work has been featured in U.S. News & World Report, Investopedia, Yahoo!Finance and many more publications.
National Business Capital Company Information
- Company Name:
- National Business Capital & Services
- Company Type:
- Private
- Year Founded:
- 2007
- Formerly Named:
- National Business Capital
- Address:
- 80 Arkay Dr., Ste. 215
- City:
- Hauppauge
- State/Province:
- NY
- Postal Code:
- 11788
- Country:
- United States
- Website:
- www.national.biz
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