National Funding Forms Strategic Growth Investment with Finova Capital

National Funding, a U.S. specialty finance company serving small- and medium-sized businesses, made a strategic growth investment in Finova Capital, a business lender focused on merchant finance and the payments industry. Finova Capital will continue to operate as an independent business unit with its current leadership and platform.

Finova Capital’s suite of products will expand National Funding’s small business loan and working capital funding offerings. With its more than 50 years combined of experience in financing and merchant acquiring, Finova Capital primarily supports ISOs, processors and point-of-sale equipment manufacturers. In addition, it works with partners to build leasing programs that allow merchants to conserve capital while accessing the latest technology. Finova Capital’s suite of services includes POS equipment financing solutions, working capital loans, term loans and merchant cash advances.

“Our significant investment in Finova Capital supports our vision of providing whatever products it takes to help small businesses to succeed. Finova’s leaders mirror National Funding’s commitment to modern technology and trusted relationships, and we are pleased to provide access to banking and liquidity opportunities to support its growth,” Dave Gilbert, CEO of National Funding, said.

“The Finova team greatly appreciates Dave Gilbert’s vote of confidence in our business model, business philosophy and leadership team. The National Funding investment will allow us to focus on continuous product and platform enhancements that we believe will result in significant value for our merchant clients and referral partners,” Bob Neagle, CEO of Finova Capital, said.