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National Business Capital Small Business Loans: 2024 Review

Updated Aug 11, 2023

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At a glance

Rating: 4.4 stars out of 5
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Rating: 4.7 stars out of 5
Rating: 3.7 stars out of 5
Customer experience
Rating: 4.1 stars out of 5
Rating: 5 stars out of 5
Rating: 4.5 stars out of 5
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National Business Capital is a business loans marketplace with an extensive network of 75 partner lenders. Businesses with a minimum annual revenue of $480,000 can apply for term loans, lines of credit, equipment loans, SBA loans and revenue-based financing.

Lender Details

  • Moneybag

    Loan amount

    $40,000-$10 million

  • Rates

    Interest rate

    5.00%-60.00% APR

  • Clock Wait

    Term lengths

    1-10 years

  • Dollar

    Min. annual revenue


  • Business

    Min. time in business

    1 year

Who National Business Capital is best for

National Business Capital is a business loan marketplace that works best for established small businesses with relatively high revenue. While the website says it can help businesses with as little revenue as $120,000 per year, a spokesperson stated that it only accepts a minimum of $480,000. 

This lending marketplace is also helpful for businesses with poor credit, accepting personal credit scores as low as 500. You’ll want to browse its list of loans and prequalify since not all of its lending parters may accept credit scores that low. 

Who National Business Capital may not be best for

This marketplace may not work best if you’re covering small expenses since most loans won’t fund less than $40,000, according to a spokesperson. Its website does show that business term loans start at $10,000 and lines of credit start at $25,000. 

Still, many online lenders grant lesser loans starting at $1,000 or $5,000, which would be more helpful for startups and single-member businesses.

National Business Capital: in the details

National Business Capital pros and cons


  • Checkmark

    Accepts bad credit

  • Checkmark

    No upfront fees

  • Checkmark

    No personal guarantees

  • Checkmark

    Not required to show tax returns


  • Mixed loan details

  • High revenue required

  • Must create NBC account

  • Funding speeds vary widely

Business loan types offered

Loan quick facts

  • Amounts: $10,000 to $10 million
  • Terms: 6 to 36 months
  • Average APR: 9.25% with banks; 1.00% of principal per month for nonbanks

National Business Capital term loan overview

National Business Capital works with a variety of lenders, including banks and fintech lenders, to offer term loans in wide-ranging amounts. It’s common for marketplaces to offer loans into the millions, such as $2 million or $5 million. But NBC tops these with a maximum $10 million loan amount.

You’ll need a minimum personal credit score of 580 to qualify. But keep a close eye on funding timelines, which can vary considerably by type of lender. Banks can take 30 to 90 days to deposit funds, while nonbank lenders (typically online-based) can fund in as little as 24 hours.

Loan quick facts

  • Amounts: $25,000 to $5 million
  • Terms: Not stated
  • APR: 5.00% to 60.00%

National Business Capital business line of credit overview

If you need funding quickly with credit that you can reuse as needed, you can apply for a business line of credit. While many lines of credit cap their limits at $250,000 or $500,000, you can find limits up to $5 million through National Business Capital. 

Its lending partners collectively have a 90 percent approval rate when applying through NBC. But you’ll need a personal credit score of 600, which is slightly higher than NBC’s usual minimum credit requirement. Once approved, you’ll receive funding in as little as 24 to 48 hours.

Loan quick facts

  • Amounts: Not stated
  • Terms: 1 to 5 years
  • APR: Not stated

National Business Capital equipment loan overview

Equipment financing can help when you need funding to buy new or used equipment that you can use to expand your business. This loan uses the equipment you’re financing as collateral. Since it’s guaranteed by the equipment, lenders may make this type of loan easier to qualify for.

If you have a FICO score of 650 or higher, some lending partners may overlook the usual time and revenue requirements. You typically get repayment terms between one and five years. But you can find terms shorter than a year if you’re financing inexpensive equipment. NBC’s lenders approve financing for equipment loans in three days or less.

Loan quick facts

  • Amounts: Up to $5 million
  • Terms: Up to 10 years; 25 years for commercial real estate
  • APR: 10.75% to 16.50%

National Business Capital SBA loan overview

To qualify for an SBA loan, National Business Capital’s partners require at least two years in business and a personal credit score of 685. Though you need strong credit and time in business, the revenue accepted is more accessible than what most SBA lenders approve. 

For those with subprime credit, you could get an SBA microloan with a FICO score of 575. You might have to provide collateral or a personal guarantee, though. While getting approved for an SBA loan can take anywhere from 30 to 90 days, NBC’s lenders typically take about 45 days. 

Loan quick facts

  • Amounts: Up to $5 million
  • Terms: Not stated
  • APR: Not stated

National Business Capital revenue-based financing overview

If you have healthy revenue but need a business loan that doesn’t look at credit, revenue-based financing could be an ideal option. This type of loan guarantees the loan using your business’s future revenue, often as a percentage of incoming sales or invoices. 

NBC’s partners don’t consider credit score for this type of financing. If approved, you can receive funds quickly within 24 hours.


Bankrate Insight

You’ll need to compare total borrowing costs for each offer closely since NBC’s partners can charge interest in many ways, including annual percentage rates (APRs) or factor rates. APRs offer the most accurate representation of costs, showing annual borrowing costs plus loan fees. But factor rates multiply the entire loan by a factor like 1.1 or 1.4. These can convert to higher interest rates than a loan that use APR.

Do you qualify? 

Your business doesn’t need a high credit score to achieve financing through National Business Capital. But a spokesperson stated that businesses need solid revenue of at least $480,000, a higher revenue level than most lenders

You may be more likely to get approved or see many loan options with:

  • $480,000 in annual revenue
  • 1 year in business
  • 500 to 685 minimum personal credit score, based on loan

What we like and what we don’t like

National Business Capital’s lenders keep the credit criteria and documentation light to apply for a business loan. But pay attention to the type of lender you choose, which could significantly affect how quickly you can get the funds.

What we like

  • Accepts bad credit. National Business Capital is one of the few loan marketplaces to accept personal credit scores down to 500. Most online lenders start with scores of 600, and banks often need strong credit scores of 670 or higher.
  • No upfront fees. You won’t pay any fees to apply for and get a loan approved. 
  • No personal guarantees. Most business lenders require you to guarantee the loan with personal assets, but not NBC’s lending partners.
  • Not required to show tax returns. You’ll show your business revenue from your recent bank statements, but you won’t need tax returns.

What we don’t like

  • Mixed loan details. The criteria given by representatives to apply for loans may be significantly different than what you see on the website. This makes it difficult to understand what you qualify for ahead of time.
  • High revenue required. To apply for a loan through National Business Capital, you’ll need at least $480,000 per year in revenue. This requirement is much higher than the standard that most lenders set. 
  • Funding speeds vary widely. You could wait up to 30 to 90 days if you apply with a bank through NBC. But if you choose an online lender, you could get funds quickly within 24 hours.
  • Must create an account. To get matched with potential lenders, you have to create an account with National Business Capital first.

How National Business Capital compares to other lenders

National Business Capital offers an extensive marketplace of lending partners offering a variety of business loans. But which businesses qualify will depend on the type of loan, and NBC recommends having a high level of revenue. Let’s look at how it compares to other online loan marketplaces.

Rating: 4.4 stars out of 5

Bankrate Score

  • Loan amount

    $40,000-$10 million

  • Interest rate

    5.00%-60.00% APR

  • Term lengths

    1-10 years

  • Min. time in business

    1 year

  • Min. business annual revenue


Rating: 4.6 stars out of 5

Bankrate Score

  • Loan amount

    $1,000-$10 million

  • Interest rate


  • Term lengths

    3 months-25 years

  • Min. time in business

    6 months

  • Min. business annual revenue


Rating: 4.2 stars out of 5

Bankrate Score

  • Loan amount

    $200-$3 million

  • Interest rate

    1.03-1.52 Factor rate

  • Term lengths

    Up to 36 months

  • Min. time in business


  • Min. business annual revenue


Read our review

on Bankrate

National Business Capital vs. Lendio

Both Lendio and National Business Capital are loan marketplaces with substantial networks of over 75 lending partners. With either marketplace, you can get business term loans, lines of credit, equipment financing, SBA loans and revenue-based financing. 

But Lendio partners offer lower loan sizes than National Business Capital partners. For example, a line of credit through Lendio offers borrowing amounts of $1,000 to $500,000, and revenue-based cash advances go from $5,000 to $2 million. Its small borrowing amounts make the loans accessible to startups and small businesses like sole proprietors and limited liability companies (LLCs). 

On the other hand, some loans through NBC offer higher loan sizes. A line of credit ranges from $25,000 to $5 million, term loans range from $10,000 to $10 million and revenue-based financing goes up to $5 million. 

The types of loans you’ll qualify for through each marketplace can vary based on your credit. For example, term loans through Lendio require a personal credit score of 680, lines of credit a score of 560 and SBA loans at least a score of 600. With National Business Capital, you’ll need a score of 580 for term loans, 600 for lines of credit and 685 for SBA loans.

National Business Capital vs.

Like NBC, is also a lending marketplace offering term loans, lines of credit and merchant cash advances. doesn’t give many details about its lending partners, like the number of partners or brand names. Through its partners, it offers wide-ranging loan sizes as low as $200 all the way up to $3 million, depending on the loan. also doesn’t list a minimum credit score, revenue or time in business. You’re most likely to get approved with at least six months in business, a personal credit score of 600 and $100,000 in annual revenue.  

With National Business Capital, you can get the same business loans and more, such as equipment financing, revenue-based financing and SBA loans. Loans through its partners don’t go quite as low. Its loans start at a $40,000 and go up to $10 million, according to a representative. While NBC lenders can approve higher amounts than, it’s unusual to find any business loans online reaching into the millions of dollars. 

NBC lenders can accept personal credit scores lower than the recommended for — as low as 500 — though it depends on the loan. But NBC requires a substantially higher revenue stream around $480,000 per year.

How to apply for a loan with National Business Capital 

You can get prequalified for a loan through National Business Capital by starting the application online. While it doesn’t pull a hard credit check, you will need to create an account and provide personal information before seeing your loan offers. A representative may also reach out to you to discuss your loan options.

Unlike most business lenders, NBC’s partners don’t require you to show tax returns or sign a personal guarantee. What you’ll need to apply:

Accordion: Required application information

  • 3 months of business bank statements
  • Business name
  • Business owner’s contact information
  • Account created with National Business Capital
  • Employer Identification Number or tax ID

National Business Capital frequently asked questions

How Bankrate rates National Business Capital

Overall Score 4.4
Accessibility 4.7 National Business Capital welcomes bad credit and startup businesses. But you’re most likely to get approved with a high level of revenue.
Affordability 3.7 NBC lenders charge interest rates in different ways, and some interest rates go as high as 60 percent.
Transparency 5.0 NBC provides good information through its website or by talking with representatives.
Customer experience 4.1 You can fill out an application online to apply. But you’ll need to create an account to see loan offers.
Flexibility 4.5 Through NBC’s lending network, you can get a wide variety of business loans, loan amounts and terms.


Clock Wait
years in business
Credit Card Search
lenders reviewed
loan features weighed
data points collected

To select the top small business lenders, Bankrate considers more than 20 factors. These factors include loan amounts, approval and funding times, credit requirements, APR or factor rate ranges, fees, and easy-to-find rate and fee disclosures. Bankrate reviewed more than 30 lenders and gave each a rating, which consists of five categories:

  • Accessibility: Factors considered in this category include minimum loan amounts, approval and funding speed, minimum annual revenue and minimum credit score.
  • Affordability: This section measures interest or factor rates and fees.
  • Transparency: How easy it is to find important rates, fees and eligibility requirements are considered in this category.
  • Customer experience: Customer service hours, online applications and app availability are considered in this category.
  • Flexibility: This category considers factors like the number of loan products and ability to change payment due date.

Editorial disclosure: All reviews are prepared by staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the lender’s website for the most current information.