National Funding Inc., a small business lender, announced a multimillion-dollar expansion to its center of operations in the Eastgate Technology Park in the University Towne Centre area of San Diego.
The company increased its current physical headquarters from 22,097 to 44,194 square feet — encompassing the entire two-story building. With the expansion, management projects employment levels to increase from its current 167 employees to 273 employees.
Initially leased in 2013, the facility is located at 9820 Towne Centre Drive. The expansion adds an entire floor to the current space, doubling the financial technology firm’s footprint. Administrative and operations offices will occupy the first floor, while account managers will be located on the second floor. Team members gain a game room and a kitchen area.
Company officers said the investment reflects the 172-percent growth National Funding has seen over the last three years. With the employee occupancy maximum up to 273, the goal is to expand its ability to provide working capital, merchant cash advances and equipment financing to small businesses nationally.
“Planning the new facility is a reflection of our continued belief in small business and our preparation to handle the growth that the company is experiencing,” said Chief Executive Officer David Gilbertn. “We’re located in a prime business destination near local universities and urban amenities. It’s an ideal environment to fuel our growth in people and innovative financial products.”