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
Submit your online application by clicking apply below and entering a few basic details about your business.
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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.
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.
Yes, you absolutely can! If you meet our requirements, you can get funding within a couple of hours. Just be responsive and have everything ready when you apply to get funded the same day. Here’s what you need:
With that documentation, you can get a same day business loan.
So a payday loan is a bad idea. What about a credit card? You already have one and you can use it immediately. You’ve gone through the application process and you don’t need to gather documentation. These are certainly advantages. But credit cards also have very high-interest rates. Not nearly as high as payday loans—but they can still be in the range of 30% or more. If you have to charge something expensive, that adds up fast. And putting a big expense on your credit card can be hazardous for your credit. If you can’t pay it back right away, you could be carrying debt, altering your debt-to-income ratio and your total balances. Both of these can drop your credit score. For emergency purchases under $1,000 or so, a credit card might not be a bad idea. But if you need more than that—or you have very little cash on hand—a same-day business loan is a safer idea.
A business loan secured by Shield Funding can be used for anything related to your business. Here are a couple of reasons you might want a same-day business loan
When your equipment breaks, you have to get it fixed fast. In many cases, a few hundred dollars will do the job. But if you have large, expensive, complicated machinery, you could be looking at thousands of dollars in repair costs. The more complicated your equipment, the more likely you are to need it replaced quickly. A broken washing machine at a laundromat can wait a couple of days—but a piece of manufacturing equipment or a tractor-trailer needs to be fixed immediately. In some cases, repair is impossible, and the equipment will need to be replaced. Again, you might be able to cover this cost out of pocket. But if not, a same-day business loan can save the day. Short-term business loans are especially beneficial for these types of expenses, as they reduce interest costs and don’t require you to commit to paying a monthly installment for years.
Small business owners are very enterprising—when they see an opportunity, they want to take advantage. Maybe a competitor is selling their business. Or your supplier is having a sale. Whatever the case, you have a limited time to make the most of it. You know that this expenditure will make you money in the long run, but you need to pay for it now. A same-day business loan makes this outlay possible. And because you’re making a purchase that helps you make money, you’ll be able to pay it back in a reasonable amount of time.
