A quick funding process that offers emergency business loans to business owners.
Last Updated on January 27, 2025
Shield Funding TeamNo 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.
What Do I Need to Qualify?
Below is a list of the general requirements to get approved for business funding with our basic program.
How Do I Apply?
Applying has never been easier. You can either call our toll free number 24 hours 7 days a week at:
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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.
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.
We know that businesses have a tough time receiving working capital. If you try to get a loan from a traditional lender, you’ll get denied fast. We don’t think any factor should disqualify you from getting funding for your business. At Shield Funding we can approve and fund your loan within 24 hours.
So we offer short term merchant cash advances of up to $1,000,000 to business owners with credit scores above 500. You’ll pay 12–45% interest on terms up to 36 months. As long as your business has been open for a few months and you have $8,000 in monthly revenue, you can qualify and even receive funds the same day.
Businesses have a lot of day-to-day expenses, and that’s what working capital funding is for. Whether it’s covering payroll, stocking your inventory, or taking advantage of a marketing or advertising opportunity, these loans help you with the more mundane expenses of running a business.
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 stock is full of inventory.
Apply for Emergency Business Loans!
Work with a direct lender and get an emergency 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 two decades.
The Merchants Fund offers Emergency Grants of up to $20,000 to small businesses in Philadelphia facing hardships due to events like fires, natural disasters, severe vandalism, utility failures, or significant public works disruptions. Eligible businesses must be independently owned and operated, have a physical location (including food trucks and kiosks), comply with all tax obligations, possess necessary licenses and permits, and demonstrate financial need. Annual revenue should not exceed $1.5 million, with priority given to those under $500,000. Certain businesses, such as professional services and nonprofits, are ineligible.
The Small Business Advantage Grant Program for 2024–2025 provides Pennsylvania-based small businesses with reimbursement grants to adopt energy-efficient processes, pollution prevention methods, or natural resource protection projects. Eligible businesses must be for-profit, based in Pennsylvania, and have 100 or fewer employees worldwide. Grants range from 50% ($7,500) to 80% ($12,000) of project costs, depending on environmental impact and location. The application process requires identifying an eligible project, obtaining detailed cost estimates, and meeting specific eligibility criteria. Applications are accepted starting September 20, 2024, on a first-come, first-served basis until funds are exhausted.
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;
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.
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.
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.
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.
While it can be challenging, some lenders offer emergency loans to startups with strong personal credit, a solid business plan, and proof of potential revenue. SBA disaster loans are also available to eligible new businesses in federally declared disaster areas.
Funding timelines vary, but many lenders offer same-day or next-day funding for emergency loans, depending on the loan type and the completeness of your application. SBA disaster loans typically take longer, ranging from a few days to several weeks.
It depends on the lender and the loan type. Many short-term emergency loans and merchant cash advances are unsecured, requiring no collateral. However, SBA disaster loans and larger emergency loans may require business or personal assets as collateral.
Most lenders require basic financial documents such as recent bank statements, tax returns, proof of revenue, and identification. Some lenders may also request a business plan or details about the emergency situation to assess your need for funding.
While many emergency loans are flexible, their use often depends on the lender and loan type. Common uses include covering payroll, purchasing inventory, repairing equipment, or addressing disaster-related damages. Some loans, like SBA disaster loans, have specific restrictions, such as prohibiting refinancing long-term debt.
Some emergency loans include prepayment penalties if you pay off the loan early. This is more common with short-term loans or loans with fixed repayment schedules. Be sure to check the loan terms to avoid unexpected fees.
