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National Business Capital, the leading FinTech marketplace in business financing, secured a combined $4.5 million in capital for a client operating within the eCommerce industry. The client runs a website selling unique products to consumers and businesses, with huge potential for future growth.
National’s team connected the client with $3.5 million in revenue-based financing and a $1 million term loan through their 75+ lender marketplace. T
The company has been in business for eight years, seeing steady growth since its inception. With their funds in hand, they project a 25% to 30% increase in revenue for 2023 and can fuel their growth much easier now that they’ve established a relationship with National Business Capital.
It’s not easy to secure business financing right now, especially in the current market, as banks have tightened their lending and become very selective. The Federal Reserve raised the prime rate seven times in 2022, causing business loan interest rates to double in less than a year. This can make any entrepreneur hesitant to seek funding, but growth is possible with the right lender and the right opportunity.
National’s CEO, Joseph Camberato, credited National’s years of lender relationships for the funding. “It’s important to build strong relationships in today’s economy. National has over 75 lenders in its network, so clients are not only able to secure the financing they need, but find a lender that is willing to work with them and understand their business’s needs.”
Camberato added that his team was crucial in bringing the deal together so quickly. “Having the right team of professionals makes all the difference when it comes to putting deals like this together,” he added. The entire National team is always looking for ways to help their clients win and to continue to promote small business growth, regardless of the economic conditions that surround them.
About National Business Capital
The limits of success should never be defined by the lack of capital. Yet, in a constantly changing financing market, many entrepreneurs struggle to access the capital they depend on to fuel growth and find success. That’s why in 2007, Joe Camberato set out to create a company that lets entrepreneurs reimagine how they access capital.
With National Business Capital, experience a business lending marketplace built for entrepreneurs, by entrepreneurs.
Discover a time-saving machine that takes approval from months to hours, letting you spend less time chasing capital and more time building your business. Leverage a network of over 75 lending partners to find the right approval for your business and secure capital without compromise. Do it all from an intuitive online platform that centralizes your business lending needs for simpler, streamlined management.
Working with NBC, gain a financing partner for the future, ensuring your business can always access the capital it needs to succeed today and tomorrow.
$2+ Billion Funded. Grow to Greatness.
