Estimated Business Loan Term
12 to 36 Months
Rates
9% to 45%*
Time in Business Required
2 Years
Min Credit Score Require
650
Min Monthly Deposits Required
5
Min Monthly Revenues
$10,000
Min Business Loan Amount
$10,000
Max Business Loan Amount
$1,000,000
Max Number of Negative Days
4 Within a Month
*Rates depend on the duration of funding
Below is a list of the requirements to get approved for business funding with our most basic program.
Applying has never been easier. You can either call our toll free number 24 hours 7 days a week at
or
Submit your online application by clicking apply below and entering a few basic details about your business.
Apply Directly to One Source!
Work with a direct lender and get a business loan as fast as the same day. Shield Funding offers competitive rates and terms on all it’s funding programs. Apply now with a trusted lender that has been helping business owners secure working capital for almost two decades.
Working capital loan amounts depend on your monthly revenues and business bank deposits. Approval amounts for working capital can range as high as 70 percent or more of your typical monthly deposits. As an example, if your business currently has monthly gross deposits of $50,000 your likely approval amount would be approximately 35k or more.
Your credit history has is an important factor with this type of business funding but with working capital loans your business details weigh more in the approval process. We look at time in business, your business banking information, monthly cash flows, and several other key business information.
Once you receive funding via bank deposit you can expect daily or weekly debits from the business bank account for an agreed upon amount over the course of the payback period. If you receive a daily option debits are calculated on a 5 day business week schedule that does not include holidays. If you qualify for the weekly option then you will have a one time weekly debit for the agreed upon amount throughout the course of the payback period.
The cost of our working capital loans depends on the factor rate and length of time you receive the loan. An example of a typical working capital loan package would be to receive $20,000 for 12 months at a factor rate of 1.15. That would make the additional cost above the loan amount $3,000, so your total pay back amount would be $23,000. Your payment amounts would vary depending on whether you have daily or weekly payments. Use the calculator below to give you an example of total cost scenarios for borrowing and the payments you can expect to make on a daily or weekly basis.
It may be possible, each application is looked at on a case by case basis. Speak with your representative for more details.