National Funding vs Kapitus Business Loans: Which Is Better?
Two factor-rate lenders that both promise fast, flexible funding — but one will approve a business the other won't even fund directly. Six rounds. Real numbers. One honest scorecard.
The verdict
Kapitus takes it, 4–2 on rounds.
There's no universal winner — National Funding is the accessible option for newer, lower-credit businesses that need to get approved at all, while Kapitus is the better-trusted, higher-ceiling choice once your business already qualifies.
Choose National Funding if…
- • Your business is under 2 years old or your credit sits in the 600s and you need a lender that will actually say yes today
- • You want a working capital loan with zero collateral and no UCC lien attached
Choose Kapitus if…
- • You already clear 2 years in business, 650+ credit, and $250K+ revenue and want the biggest menu of amounts and products
- • You want the stronger cross-platform trust record — Kapitus's BBB customer score more than doubles National Funding's
Round by round
- Round 1Rate & Cost of CapitalKapitus winsNational Funding4/10
1.10-1.35x + 1-3% fee
Undisclosed until you apply; est. 15-30% cost, past 50% APR on short terms
- Factor rate floor (1.10) is lower than Kapitus's floor
- Full pricing hidden until you apply and speak to a specialist
- Origination fee stacks on top of the factor rate
Source: National Funding pricing data
Kapitus7/101.12-1.26x
Tighter, lower ceiling than National Funding; range disclosed up front
- Lower ceiling (1.26 vs 1.35) and the range is published
- Origination/admin fees still vary by product and aren't fully published
Source: Kapitus pricing data
This one’s Kapitus’s — clearer ranges and lower ceilings make a real difference.
- Round 2Funding SpeedKapitus winsNational Funding7/10
~24 hrs post-approval
Approval can come within hours; requires a call with a loan specialist
- Approval itself can come within hours of applying
- Not fully self-serve — a specialist call is part of the path
Source: National Funding funding-speed data
Kapitus8/10As little as 4 hrs to approve
Funds within 24 hrs of finalizing; no required call for a decision
- Fully digital underwriting path for core working capital product
- Invoice factoring alone takes 5-10 days to process before funding
Source: Kapitus funding-speed data
Round to Kapitus on that. Faster path when you want it digital.
- Round 3Loan Amount Range & Product FitKapitus winsNational Funding4/10
$5K-$500K
Working capital, small business loan, equipment financing, MCA
- Focused 4-product menu built for straightforward, smaller-dollar needs
- No SBA, factoring, or revenue-based options
Source: National Funding product data
Kapitus9/10Up to $5M (SBA/term)
Working capital, LOC, equipment, factoring, PO financing, revenue-based, healthcare, SBA
- SBA 7(a) terms up to 25 years for real-estate-backed loans
- Purpose-built products (factoring, PO financing) fit receivables- or equipment-heavy businesses
Source: Kapitus product data
Round to Kapitus. Their range and product variety simply outclass National Funding.
- Round 4Approval RequirementsNational Funding winsNational Funding9/10
600 / 6 mo / $250K
Credit score / time in business / annual revenue minimums
- Lowest credit-score and time-in-business bar of the two
- Funds applicants directly — no third-party partner routing
Source: National Funding requirements
Kapitus4/10650 credit, 2 years — or get routed elsewhere
- 650 credit / 2 years / $250K required for Kapitus's own direct funding
- Applicants below that bar get routed to a third-party partner
So this round goes to National Funding. Lower bar, fewer surprises.
- Round 5Collateral & Personal GuaranteeNational Funding winsNational Funding8/10
Personal guarantee only
No collateral or down payment on working capital loans
- No down payment required, in addition to no collateral
- Equipment financing is secured by the equipment itself, unlike working capital loans
Source: National Funding collateral data
Kapitus5/10PG + UCC blanket lien
UCC blanket lien common on working capital advances
- No separate physical collateral pledge required for the core working capital product
- Broader security interest across business assets than an unsecured working capital loan
Source: Kapitus collateral data
This round goes to National Funding.
- Round 6Application Experience & TrustKapitus winsNational Funding5/10
4.6 Trustpilot vs 1.65 BBB customer score
- 4.6/5 on Trustpilot across 2,000+ reviews
- A+ BBB accreditation but only 1.65/5 average customer review score
Kapitus9/10"Excellent" Trustpilot, A- BBB, 4.3/5
- A- BBB rating, 4.3/5 customer score, just 9 complaints on file
- "Excellent" Trustpilot rating — about 90% of reviewers give 4 or 5 stars
This round goes to Kapitus. Steadier all around.
Which one is for you?
Newer business (under 2 years) or credit in the 600s
→ National Funding · 600 credit, 6-month time-in-business bar clears where Kapitus's own paper won't
Business that wants zero collateral on its working capital loan
→ National Funding · Unsecured, no UCC blanket lien — personal guarantee only
Business needing $500K+ or a purpose-built product (factoring, SBA, PO financing)
→ Kapitus · Amounts up to $5M and 8 product types under one roof
Business that wants the stronger cross-platform trust record
→ Kapitus · A- BBB, 4.3/5 customer score vs National Funding's 1.65/5
Side by side
- 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
- Generally a lighter markup than OnDeck's average effective cost
- No time-of-day cutoff on approval
- Approval in as little as 4 hours, funds within 24 hours
- One of the broadest menus of any alternative lender
- 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
- No published APR makes side-by-side comparison harder
- Applicants who don't qualify get routed to a third-party partner instead
- Higher bar — 650 FICO, 2 years in business, $250K revenue
- Declined-for-direct-funding applicants may be routed elsewhere