National Business Capital Funds $4.5 Million Deal to Further eCommerce Company’s Growth

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. The entire process only took one week from application to funding. Now, the client has the buying power to complete a buyout of their partners and stock up on inventory for the coming year.

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.