Chase vs National Funding Business Loans: Which Is Better?
The largest bank in America by assets versus an alternative lender built to fund in 24 hours. Six rounds. Real numbers. One honest scorecard.
The verdict
It's a dead heat.
There's no universal winner — Chase is the cheapest path if you can qualify and wait, and National Funding is the fastest path if you can't afford to.
Choose Chase if…
- • You have 660+ credit, 2+ years in business, and can wait days to weeks for prime-linked pricing
- • You want SBA, commercial real estate, or equipment financing alongside working capital
Choose National Funding if…
- • You need cash inside 24-48 hours and can accept a real cost premium for that speed
- • You're newer or lower-credit than a bank will approve, but clear $250K in annual revenue
Round by round
- Round 1Rate & Cost of CapitalChase winsChase8/10
~7-9% APR
Term loans for qualified borrowers; LOC roughly Prime +2.2% to +7.15%
- Competitive, prime-linked pricing for well-qualified borrowers
- Rates individually underwritten and not published upfront
Source: Chase pricing data
National Funding3/101.10-1.35 factor rate
Plus 1-3% origination fee; effective APR can run well above 50% on short terms
- Early payoff discount available
- Rates not published — only revealed after applying
Source: National Funding / third-party pricing estimates
So this round goes to Chase.
- Round 2Funding SpeedNational Funding winsChase3/10
Days to weeks
No instant online decision; underwriting goes through a banker
- No self-serve online application funnel for most products
- Underwriting relies on a banker, not an instant automated decision
Source: Chase funding speed data
National Funding9/1024 hours
Approval within hours, funding as fast as 24 hours after approval
- Fastest turnaround of the two lenders by a wide margin
- Approval within hours after a quick online application
Source: National Funding funding-speed data
This round goes to National Funding.
- Round 3Approval RequirementsNational Funding winsChase5/10
660+ / 24 mo
Reachable for an established business, but excludes newer ones
- Real, established-business bar that a company past 2 years with decent credit can clear
- Strict eligibility requirements shut out newer or smaller businesses
Source: Chase requirements (third-party estimate)
National Funding7/10600 FICO / 6 mo
$250K revenue minimum is the higher bar, but credit and history are far more accessible
- Opens access to newer, lower-credit businesses a bank would decline
- Higher revenue floor ($250K) than Chase's typical requirement
Source: National Funding requirements
This round goes to National Funding.
- Round 4Application ExperienceNational Funding winsChase5/10
3 channels to start
No pure self-serve, but multiple ways to begin the process
- Existing Chase business customers often get a smoother process
- No online self-serve funnel for most products
Source: Chase application process
National Funding8/10Online in minutes, specialist responds within hours
- Dedicated loan specialists praised for responsiveness and hands-on guidance
- Not fully self-serve — a loan specialist call is required, not pure online
So this round goes to National Funding, for speed and guidance.
- Round 5Loan Amount Range & Product FitChase winsChase8/10
$5K-$500K + SBA to $5M
Broadest product lineup: term loans, lines, SBA, commercial real estate
- Broadest product lineup spanning term loans, lines, SBA, and commercial real estate
- Secured lines of credit require collateral
Source: Chase product data
National Funding5/10$5K-$500K
Working capital and equipment financing only — no SBA or real estate
- No collateral or down payment required on working capital loans
- No SBA or commercial real estate options
Source: National Funding product data
So this round goes to Chase.
- Round 6Transparency & TrustChase winsChase7/10
4.5/5 NerdWallet
- Most negative reviews trace to consumer banking issues, not business-lending complaints
- Rates and underwriting criteria aren't disclosed online, making it hard to comparison-shop
National Funding4/104.6 / 1.65
Strong Trustpilot, but BBB complaints cite aggressive sales and pricing not disclosed until after applying
- Pricing opacity and aggressive sales tactics drive BBB complaints
- BBB complainant: unsolicited mailers and calls continued after opting out
Source: Trustpilot / BBB
This round goes to Chase.
Which one is for you?
Established business with 660+ credit wanting the lowest rate
→ Chase · Chase's 7-9% term loan APR beats National Funding's factor-rate pricing by a wide margin
Business that needs cash inside 24-48 hours
→ National Funding · National Funding can approve in hours and fund within a day
Newer business, 6 months to 2 years old, with sub-660 credit
→ National Funding · 600 minimum credit score and 6-month time-in-business bar are far more accessible
Business wanting SBA or commercial real estate financing alongside working capital
→ Chase · Chase's product menu scales to SBA and CRE loans National Funding doesn't offer
Side by side
- Competitive, prime-linked pricing for well-qualified borrowers
- Real, established-business bar that a company past 2 years with decent credit can clear
- Existing Chase business customers often get a smoother process
- Broadest product lineup spanning term loans, lines, SBA, and commercial real estate
- Early payoff discount available
- Fastest turnaround of the two lenders by a wide margin
- Approval within hours after a quick online application
- Opens access to newer, lower-credit businesses a bank would decline
- Rates individually underwritten and not published upfront
- No self-serve online application funnel for most products
- Underwriting relies on a banker, not an instant automated decision
- Strict eligibility requirements shut out newer or smaller businesses
- Rates not published — only revealed after applying
- Higher revenue floor ($250K) than Chase's typical requirement
- Not fully self-serve — a loan specialist call is required, not pure online
- No SBA or commercial real estate options