Frequently Asked Questions

Your company can receive one of various types of small business loans that range in amounts up to $1,000,000. There are personal guarantees but collateral is not required for many of these options. The type of business loan available is dependent on your company profile but generally we offer business financing based on future sales receipts that is why if you have bad credit you can still get approved. Our business loans are paid back by automatic withdrawals out of your business bank account based on an agreed upon percentage of future sales until the funding is paid back.

Depositing at least $8,000 in revenue in 3 recent monthly periods consecutively.

Shield Funding’s small business loan programs are easy to apply for and get approved. We have a very high approval rate for any business operating for at least 2 months, even if you have bad credit or have been denied in the past. For example, one option, our bad credit business loans are tailored for business owners with bad credit. All you have to do is fill out an online application with a basic profile. The paperwork is minimal and approvals are determined almost immediately. Most of our business loans are unsecured and can be transferred to your account in as fast as the same day.

It really depends on the type of funding you receive. If you apply and receive a merchant cash advance we deduct a portion of each credit card sale as it is generated. We determine a comfortable percentage for your business before we initiate the funding. If you do not process credit cards we can ACH your business bank account on a predetermined schedule that we arrange with you. Each funding option has different terms and can be thoroughly explained before any agreements are made.

We receive applications all the time from people who have been funded by other companies but are not getting the service they expect or cannot get additional funding from their current lender. You can take out a second or third one or you can consolidate your MCA’s. We have a 5 star rating for the excellent way we service our client’s accounts and look forward to hearing from you.

Each business is different but a general guideline for approval amounts is based on monthly revenues. We can give you anywhere from 50% to 150% or more of your monthly revenues depending on the consistency of your monthly revenue among other factors.

The answer is NO. However, we do offer some of the best credit card processing options and do manage a large percentage of our clients accounts. Our clients understand that we are concerned with long term business relationships and the potential of funding larger deals as the business relationship moves forwards, and we are not here to make money off of a client’s processing accounts. It is for this reason we feature the most competitive rates in the industry and why many of our clients choose to switch. The choice is yours and we are here to answer any of your questions or concerns.

Although each case is different depending on the speed in which we receive the documentation we require, we have funded business owners in the same day that they applied. The process is very quick at Shield Funding when our clients are responsive.

That is the beauty of Shield Funding’s business loans. The money can be used to pay down debt, buy equipment or inventory, marketing purposes, or anything that you see fit. We believe business owners know how to distribute the capital for their own business.

The cost to repay a small business loan is based on the amount as well as time period to repay, and several other details. A Financial specialist can explain the exact details of the options available to your business shortly after you fill out the online form. We also offer a detailed overview of our rates and terms on our small business loan rates page.

This is one of the greatest features of our business loan options. Because we consider current and future sales receipts as the main deciding factor for our approvals we rely much less on your credit rating or history. We also do not require collateral for most of our funding programs. Additionally, your credit score will only affect the amount and terms but not your approval which is why business owners with poor credit can take advantage of our bad credit business loans.

Generally our small business loans range from $5,000 to $1,000,000. There are always exceptions based on particular requests but this is a general guideline.

Your payment amounts are determined based on a small percentage of future revenue while considering your company’s ability to manage the payments.

Because we have established a business relationship with you the process to apply again is very simple. As long as there are no major changes in your financial status your approval will go through expeditiously.

The application process is virtually hassle free. The paperwork requires just a few minutes, an initial one minute form online, or you can simply call us to avoid that process, and then we follow with a one page application by email or fax. Our account specialists are here to guide you through the process.

Although other companies charge application fees we do not charge our customers any up-front fees.

The answer is yes and detailed in two options. First, we have many clients who come to us because the terms of their small business loan are unreasonable or they are just unsatisfied with the service of their provider. There are several ways to transfer your account and we will be more than happy to discuss the options available to you. Secondly, there are occasions where you have 2 or 3 loans outstanding and there are complex structures that we can discuss with you to consolidate that debt if you find yourself in either situation or something similar. We look forward to hearing from you and walking you through the process.