A quick business funding process that offers same day business loans for restaurant owners.
Last Updated on January 3, 2025
Shield Funding TeamShield Funding has been providing fast business loans for over a decade. We understand that sometimes you need cash fast, and we can help. Whether you need it within the next week or absolutely as fast as possible, we’ll work with you to get you the money you need. Some business owners have been funded in one to two hours so as long as the minimum documentation is readily available your business loan can be secured quickly.
Traditional business bank loans have some serious disadvantages. One of those disadvantages is that they’re slow. It can take a very long time to get your cash—and if you need it fast, you’re out of luck. For this reason, we began the same-day funding program. We’re an alternative lender, so we can get you money faster than a bank. And that has some big benefits. The process is very fast and extremely flexible so apply online and see how much you are approved for immediate business funding.
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 employee, or open a completely new location. You can even receive funds the same day. Whatever you need for your business, these short term business loans will help you get it.
We offer up to $1,000,000 in funds for business owners. And with interest rates of 12–45%, 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. You can also receive funds within 24 hours directly to your account so you can take care of your business needs quickly.
The reality is that many small business owners learn financial management the hard way. It’s common for first-time businesses to use credit cards and multiple loans to fund their business at the beginning. But multiple forms of open credit, plus an occasional missed or late payment, could have hurt your credit score.
If this is your situation, you might need to work with an alternative lender to apply for a bad credit business loan. Alternative lenders offer these loans to borrowers with lower credit scores, often borrowers that banks reject out-of-hand. They’ll work with you if your credit score is as low as 500.
While your credit score could disqualify you for a bank loan, other factors could also lead to a bank rejecting your loan application – such as how long you’ve been in business or lower revenues. Or, sometimes borrowers chose to work with alternative lenders because they don’t have the months to devote to getting a loan approved at a bank.
Alternative lenders can approve loans within 24 hours and disburse funds in days. Businesses with monthly revenues above $8,000 can qualify for financing with an alternative lender. Shield Funding funds loans straight to your account the same day, in amounts ranging from $5,000 to $1 million, at rates of 12% to 45%, and you can take two to eighteen months to repay the loan. With the advantage of same day funding you can get your funds as quickly as possible to take care of any business emergency.
Businesses have a lot of day-to-day expenses, and that’s what working capital funding is for. Whether it’s covering payroll, stocking 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 the same day to cover any expense you might come across, from an emergency repair to making sure your inventory is full.
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 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 and even receive funds the same day.
Apply for Same Day Business Loans!
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 two decades.
The SBA 7(a) loan program offers long-term financing for businesses, with repayment terms extending up to 10 years for working capital, and up to 25 years for real estate. The interest rates on the 7(a) program are typically low, ranging from 11.5% to 16.5%, based on the prime rate plus a markup. In order to be eligible the applying business should be operating for profit within the U.S., meet SBA size standards, and have a reasonable amount of invested equity. You will also have to demonstrate the need for the loan, and that need should be a sound business purpose. SBA lenders have stringent requirements and thoroughly scrutinize credit scores, business revenue, and financial history. These loans are only available through SBA-approved lenders.
The U.S. Bank Business Quick Loan is a financing option made for small business owners seeking quick access to funds. With loan amounts ranging from $5,000 to $250,000, it offers competitive fixed interest rates and flexible terms up to 84 months. There are no origination fees, and both secured and unsecured options are available to suit all types of business needs. The simple application process allows for quick decisions and same-day funding, making it a smart choice for businesses looking to obtain working capital, buy equipment, or purchase a vehicle.
Ameris Bank offers equipment financing solutions with the feature of same-day funding. This allows small businesses to quickly get the equipment, machinery, vehicles, or technology they need without long delays. The easy application process provides a quick approval, allowing businesses to keep momentum and take advantage of opportunities. With workable terms, competitive interest rates, and options available for all credit types, Ameris Bank’s equipment financing is tailored to meet urgent business needs while preserving cash flow.
American Express offers the Instant Approval Credit Card that allows eligible applicants to get an instant card number upon approval. This instant card number can be used right away for online purchases and can also be added to digital wallets before the physical card arrives in the mail.
This card is great for individuals who need immediate access to a credit line for online or digital wallet purchases, and want to start using their card benefits right away.
SoFi’s Personal Loans offer a financing solution for individuals looking for funds for various purposes, examples are home improvements, credit card consolidation, or major purchases. With loan amounts that can range from $5,000 to $100,000, borrowers can choose repayment terms between 2 to 7 years, accommodating the loan to meet their financial needs.
SoFi’s personal loans come with no startup fees or prepayment penalties, and they offer competitive fixed interest rates. Also, SoFi provides an easy online application process with the ability to have same-day funding, making it a great choice for those in need of quick access to funds.
How long does it take to get a business loan from a bank? It can take up to three months or more to go from filling out an application to getting a cash deposit. When you’re running a business, that’s an incredibly long time. That can be debilitating if you haven’t planned on your loan taking a long time and you’re in a hurry. Why does it take so long to get a business loan from a bank? Because banks are extremely careful. After the 2008 recession, banks are wary of lending money to people who might not be able to pay it back. So they spend a lot of time asking questions and checking up on your loan risk. That contributes to the first reason banks are so slow:
You’ll need to provide a lot of information to start your business loan application with a bank. For example, they might ask you for a detailed plan on how you’ll use the money you’re borrowing. The intended use of your cash might also determine which loans you can qualify for. If you’re going to use the money for day-to-day purchases, you might only be allowed to apply for a working capital loan. If you need a new delivery truck, the bank may limit you to an equipment loan. But there’s more paperwork, too. You might need to present a business plan to show the bank you know how to run a business. And if you don’t have one written up, that can significantly add to the time it takes to apply for a loan. It also takes the bank quite a while to look over all of your application materials. They go through a lot of applications and they give each one a detailed look. Combine that with the tons of financial paperwork you have to submit (which we’ll discuss below) and you get an application process that can take a couple of months.
When you apply for a business loan, a bank will take a very detailed look at your credit history. They’ll look at your credit score, and if it’s less than excellent, you might be denied immediately. They’ll look at your payment history to see if you’ve been on time with your payments. They’ll see if you already have a lot of debt. In many cases, they’ll perform these credit checks on both your personal and business credit reports. There’s no standard credit requirement for business loans. But if your score is less than 600, it could be hard to qualify for a business loan from a bank. If you want to get a good interest rate, you’ll need to provide an excellent score of 700 or higher. In some cases, it’s worth taking the time to improve your credit before you apply for a loan. That can take months on its own, potentially adding even more time to the process.
Banks want to know exactly how well your business is doing. You’ll need balance sheets, cash flow and income statements, business and personal tax returns, business licenses, and other paperwork before the process is done. Unless you have all of your paperwork in perfect order, it could take a while to track it all down and organize it. If you’re missing something during the application process, the bank will ask for it later, further delaying your application. And if your business isn’t doing well, there’s a good chance you’ll be denied the loan. Which makes it difficult if you need a loan to get your business back on track.
Because banks are so wary of making business loans, they often ask for collateral. That means you have to put up an asset to back the loan—and if you default, the bank will take it. You can use a wide variety of things as collateral: buildings, vehicles, equipment, and sometimes even invoices. But you need a valuable asset to back the loan. This can prove problematic for some businesses. Some business owners put up personal assets for their business loan collateral, which can be a huge risk. And, of course, you’ll need documentation for that collateral.
Alternative lenders like us can provide you with much faster loans. So fast, in fact, that you can often get approved on the same day you apply. In some cases, you might even get the cash on the same day (though it usually takes a couple of days). Why are we able to offer same-day business loans? Because we’re a lot more flexible. Banks have complicated formulas that look at the age of your business, your credit rating, assets, your experience and more factors to determine how much of a default risk you are. We take a broader view of your business and make a more personal determination. And we’re agile enough to do this quickly with much less paperwork. Of course, we have our own requirements. But we’re not tied down by the same regulations that banks are, and we can weather more risk because we don’t have the same expenses. In short, we’re smaller, more nimble, and better equipped to take a holistic view of your business.
When something bad happens or you’re excited about taking advantage of an opportunity, you want to act fast. You don’t want to wait around for a loan. Even waiting a day or two can seem like a long time—which is why some business owners resort to credit cards or predatory lenders. Don’t fall for it. Take a same day business loan from a reputable lender to get the money you need quickly without paying hundreds or thousands of extra dollars in interest. Want to learn more about how we can help you with a same-day business loan? Or to get information on any of our other business financing products? Get in touch today and we’ll chat about it!
Absolutely! If you’re prepared and meet the criteria, you can get the funds deposited into your account the same day. Quick responses and complete documentation are key.
You can get approved quickly! If you meet our requirements and provide the necessary documents, your application can be processed within hours. Be sure to submit everything we need for the fastest approval.
To qualify, you’ll need:
Having these ready speeds up the process!
Same-day funding is available for several loan types, including merchant cash advances, working capital loans, and short-term business loans. Check with us to see which one fits your needs best.
The fastest way is to complete your application early in the day and have all required documents ready to go. Once everything is submitted, you can receive approval and funding in just a few hours!