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Emergency
Business Loans

Get Emergency Business Funding as Fast as Today!

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No matter how perfect your business plan, no matter how much you try to anticipate problems, your business might run into an emergency. The water heater breaks and floods the stock room, ruining inventory meant to ship out the next day. A huge thunderstorm could damage your roof, forcing you to close your restaurant during repairs. But, even though you have no revenues coming in, creditors are demanding payment.

Disaster and business insurance will cover some of these emergencies, but you might not receive the funds in time to save your business. Or, you could have an immediate deductible that you cannot afford. Exclusion clauses on an insurance policy could prevent you from cashing in.

If you need emergency business loans, you need it in a hurry and Shield Funding can help. We offer emergency business loans for those unexpected events that require immediate action. The process is fast and easy and it takes just a couple of minutes.

Get Your Business Loan Today

What Do I Need to Qualify?

Below is a list of the requirements to get approved for business funding with our most basic program.

  • At Least 3 Months in Business
  • 530 Min. Credit Score
  • $10,000 Min. Monthly Revenue

    • How Do I Apply?

    Applying has never been easier. You can either call our toll free number 24 hours 7 days a week at

    (888) 882-6117

    or

    Submit your online application by clicking apply below and entering a few basic details about your business.

    Types of Business Loan Available

    Small Business Loans

    This is a short term small business loan that you can use for any type of expense. You can use it to cover seasonal swings in business, pay a new chef, or open an entirely new location. Whatever you need for your business, these simple term business loans will help you get it.

    We offer up to $1,000,000 in funds for restaurant owners. And with interest rates of 5–45%, you can get a better deal than you would with some traditional lenders. As long as you’ve been in business for two months, earn $8,000 or more per month, and have a credit score of 500 or more, you can qualify for one of these loans.

    Our terms range from 12–36 months, so you can get the amount and terms that work for you.

    Unsecured Business Loans​

    Traditional lenders often require collateral when they give you a loan, which means you’re putting your business on the line. That’s not a good way to start a financial relationship.

    We offer unsecured business loans, so you don’t need to put up any collateral. Because we’re an alternative lender, we’re able to offer this funding service alongside our already great rates. You can feel more comfortable with our business loans knowing that we aren’t about to take your oven or your bar stools if you miss a payment.

    Merchant Cash Loans​

    We know that  restaurants have a tough time receiving working capital because of the volatility of the industry. If you try to get a loan from a traditional lender, you’ll get denied fast. But we don’t think your industry should disqualify you from getting funding for your restaurant business.

    So we offer short term merchant cash advances of up to $1,000,000 to restaurant owners with credit scores above 500. You’ll pay 12–45% interest on terms up to 36 months. As long as your restaurant has been open for a few months and you have $8,000 in monthly revenue, you can qualify.

    Working Capital Loans

    Restaurants have a lot of day-to-day expenses, and that’s what working capital funding is for. Whether it’s covering payroll, stocking the bar, or taking advantage of a marketing or advertising opportunity, these loans help you with the more mundane expenses of running a restaurant.

    Like our term loans, you can get up to $1,000,000 in working capital. You still get the option of terms between 12 and 36 months and interest rates from 9–45%. You’ll need to have two months in business, and at least $10,000 in monthly revenue to qualify. You’ll also need a credit score of 650 or better.

    If you meet these qualifications, you can get the funding you need to cover any expense you might come across, from an emergency repair to making sure your freezers are full of food.

    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.

    Apply Now
    What are Emergency Business Loans?

    An emergency business loan is one that can be quickly approved and disburse funds in a short amount of time. When a lender gives you capital, they make their profit on the fees and interest they charge. They also protect themselves from risk by charging higher interest rates or requiring interest to be paid up front.

    Because a lender giving you an emergency business loan does not have a lot of time to verify your financials and repayment ability, you can expect the following if you take out an emergency business loan;

    • Higher interest rates
    • More fees
    • Possible requirements to pay interest up-front
    • Shorter repayment periods

    Your cost of capital will be higher than a traditional, fixed-rate business loan, but within the types of emergency business loans you’ll find a wide spread of rates.

    Can I Get an Emergency Business Loan from a Bank?

    If you need an emergency business loan, you probably cannot afford to wait too long to receive the funds. Banks are not known for their speed during the lending process. They have strict lending requirements and could require several years of tax returns, financial statements, bank statements for a business loan.

    By the time you have compiled all the documentation for the loan application that leak in your building’s basement could have become a flood, destroying all your inventory.

    If you had time to wait, you would need the following to qualify for a bank loan;

    • A credit score above 620.
    • Been in business longer than two years.
    • Strong monthly and annual cash flows.

    Even borrowers with excellent credit will turn to other options to fulfill their emergency funding needs. Banks can take months to approve a small business loan, which simply does not meet the needs of many small businesses. Alternative lenders and other lending options saw the marketplace need and have stepped into the gap. You will be able to get an emergency business loan, but do not waste your time applying at a bank.

    Types of Emergency Business Loan

    As speed is of the essence when you need an emergency business loan, the product you wind up with is unlikely to take the form of a fixed-rate, term loan, but an alternative form of capital. Because speed is essential if you are in a crisis situation, each of these capital options below bases funding decisions on credit card sales, monthly revenues, or another quickly verified source of income.

    How to Find the Best Emergency Business Loan

    If you are in the midst of a true emergency, you will not have time to diligently research and compare your different funding options. But you can still ask a few questions to narrow down your search to the right choice.

    Ask about fees and prepayment penalties. If one lender charges significant fees or interest up front (called points), another lender who does not could be a better option. If you could incur a prepayment penalty for paying off the loan early, try to find a lender who does not charge them. While on the surface two lenders may offer you the same rate, those hidden fees and prepayment penalties can quickly differentiate them.

    When borrowing under pressure and in a short time frame, it’s best to work with an experienced lender. If the lender has been in business for a while, such as Shield Funding’s ten years, you have a reasonable reassurance that they are legitimate and know how to meet the market’s needs.

    Improving your Odds of Being Approved for Emergency Business Loans

    Most of the advice given to small business owners on how to improve their chances of being approved for a loan is not applicable in an emergency situation. You do not have time to wait until you have been in business longer, repaired your credit score, or grown revenues to apply.

    But, after the emergency has passed, you can learn from it and be better prepared for the next crisis.

    Work on Your Credit Score

    While not all lenders will check your credit score, a higher score will not hurt if they do, and the next time you need cash in a hurry it could make it easier to access funds.

    Making late payments, or missing payments, negatively impact your score. To avoid this, set up auto-pay for all your bills. The amount of debt that you have to service, calculated as your monthly debt service payments divided by your net income, also impacts your credit score.  Paying down balances on revolving lines of credit, like credit cards, ups your credit score without you doing anything else.

    Read our bad credit repair guide if you’re interested in learning more about how you can repair and improve your credit.

    The Final Word on Emergency Business Loans

    Emergencies happen, so do not waste time getting upset or angry that you are in this situation. Work to find a solution as quickly as possible to save your business or get it back on track. Act decisively when choosing a loan product and a lender, armed with the information in this article.

    You will pay more in interest and fees for capital if taking out an emergency business loan, but try to take out a loan with no prepayment penalties. Once the emergency has passed and business returned to normal you might be able to pay off the loan early, saving you interest and fees.

    Alternative lenders fill the gaps left by traditional lenders, who do not have the agility to approve emergency funding. Reach out to Shield Funding today to find out how we can help you solve your business’ problems.

    Get Started on Your Small
    Business Loan

    Looking for fast business funding without the hassle? Work with a direct lender for same-day funding! Avoid endless calls and broker fees. Apply now and get funded as fast as today!

    Apply Now
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