A quick funding process that offers short term business loans to business owners.
Last Updated on January 20, 2025
Shield Funding TeamOur short term business funding solutions can be very good options to deal with the daily expenses of operating your business. Our financing programs can help you meet payroll, pay off creditors that keep hounding you for payments, or even purchase business equipment that can help make your business run smoothly. In fact, our funding solutions can be a good option for any of the immediate financial issues that might have arisen while running your company when all you need is just a little bit of time to catch back up and get hold of your operating budget.
Although a short term business loan can be good for many business needs, there are some expenses that are not ideal for this type of financing. For instance, paying off less expensive debt would not make sense. However, there may be scenarios where this type of borrowing can be beneficial therefore we encourage you to speak with an accountant or financial advisor to determine if any of our short term business loans are a good fit for your business.
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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A business line of credit is a lot like a credit card—you get a maximum amount of credit and can spend any amount below that repeatedly (as long as you pay it back in between withdrawals). That makes lines of credit great for day-to-day purchases like inventory, decor, or marketing. Because bar inventory usually has high turnover, you’ll be making a lot of inventory purchases. So a financing option like this can be a big help.
Since it’s always available once you’ve been approved, it’s also a big help for weathering unexpected costs. Your keg cooling system might break, for example—and you need to get it fixed as fast as possible. Or you could come across an opportunity to take part in a local event that requires some upfront cash. Again, since you’ve already been approved, you’ll have the funds on hand to take advantage.
Interest rates are relatively low—usually in the 5–10% range. And because you can get up to $250,000 of revolving credit, you can use it to build up some momentum when you grow your business. We work with borrowers who have a credit score of 650 or higher, have been in business for six months or more, and have monthly revenue of at least $10,000 for business lines of credit. We also require at least five monthly deposits.
A standard short term business loan will be a big help in expanding your jewelry business. You can get up to $1,000,000 from Shield Funding to help grow or expand your business.
What can you use that money for? Anything you want. You can use it to buy a new location or get a headstart on your rent payments. Buy expensive equipment to start making custom set or engraved jewelry. Hire more help. Install a better security system.
A term small business loan can be used for almost anything related to your business. And because you have the flexibility to get loans for anywhere from three to 36 months, you have a lot of options.
You’ll pay between 5–45% interest, depending on your credit and business financials. Because many jewelers are women, it’s also worth noting that we offer small business loan options specifically for women.
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.
Just because you have bad credit doesn’t mean you can’t get a business loan to grow your business. As long as you have a credit score of 500 or above, we’ll work with you to find a loan that meets your needs.
Keep in mind that your terms and rates may be less flexible if you have bad credit. You’ll need to prove that you have at least $10,000 in monthly revenue and that you’ve been in business for two months or more. And you won’t get an interest rate below 12%.
But when you need cash to build your business, a bad credit small business loan will help. And if you have bad credit, there’s little chance that you’ll qualify for a loan from a traditional bank.
Apply for Short Term Business Loans!
Work with a direct lender and get a short term 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 U.S. Small Business Administration (SBA) has introduced the 7(a) Working Capital Pilot (WCP) program to provide small businesses with flexible, government-backed lines of credit. Effective from August 1, 2024, through July 31, 2027, this pilot program offers lines of credit up to $5 million, with terms up to 60 months, to support both domestic and international transactions.
Fifth Third Bank offers business lines of credit to help manage short-term financial needs like inventory purchases, payroll, or unexpected expenses. These lines of credit provide flexible access to funds, allowing businesses to borrow up to a set limit and pay interest only on the amount used. Fifth Third offers both unsecured lines of credit, ranging from $10,000 to $100,000, and secured lines for amounts over $100,000, which require collateral such as accounts receivable or inventory. The application process is quick, with approvals and funding available in as little as one business day.
Most of our short term business loans are an immediate funding solution where a business owner receives a set amount of money for a specified period of time at a set cost. The payback amount, which includes the amount borrowed and the factor fee, as well as any additional fees, will be paid back through daily or weekly debits from the business bank account. The duration of the loan can be between six months and thirty six months depending on the information provided in the application process.
The cost of a short term business loan often depends on a factor rate and the length of time you have the funding. Let’s say you take a merchant cash advance of $100,000 for 12 months at a factor rate of 1.22. That would make the cost of borrowing in this scenario $22,000, so your total pay back amount on 100K would be $122,000. Your payments would vary depending on whether you have daily or weekly payments.
Our short term business loans can be a good fit if you require working capital for a relatively short period of time and you want some of the best rates and terms that we offer. This type of financing does however require a fair credit score so if you know your credit score is below 650 please see our business cash advance loans. Our short term program is a great solution if you do not meet the requirements for traditional financing but there are some important evaluations to make before you acquire this type of funding. Can your business manage the payments of short term financing because the payments are larger when compared to a loan for the same amount over a longer period of time. You also have to consider what the total cost is for the financing and whether the loan will be a benefit or a burden for your business. These are just some of the questions you have to consider before applying.
Let’s say you own a clothing store and the holiday season is approaching. There are multiple benefits to having additional capital. First, if you buy more inventory you can significantly reduce your product costs by purchasing in bulk. Secondly, by having more inventory you will be able to satisfy holiday demand.
One way to help your business transitions from the startup or small business stage to a larger company is through the acquisition of labor. You can either make some part time employees full time, or you can add new employees. Having more working capital can give your business the opportunity to utilize additional labor to move your organization to the next level.
In today’s digital age there are so many ways to build your business through marketing. In fact, it is a necessity that many small business owners put off because they lack the capital required. Short term funding can have an immediate impact on your bottom line by allowing your business the opportunity to launch a social media marketing campaign, Adwords advertising, and many other online marketing techniques to increase your revenue stream.
In order for your business to really grow, whether it is a retail outlet, a restaurant, a small shop or similar brick and mortar operation, you need additional locations. Adding capital with a short term business loan allows you the option to find new ways to expand your company’s footprint.
Repayment terms for short-term loans typically range from three months to two years, with payments made weekly or monthly. Some lenders may offer daily payment options, which help reduce the impact on cash flow by spreading out repayments in smaller amounts.
Short-term loans can be an option for startups if they have some business history and stable cash flow. However, newer businesses may find it more challenging to qualify with traditional lenders and may need to explore alternative options like invoice factoring or merchant cash advances.
Industries with seasonal fluctuations or high working capital demands, such as retail, restaurants, construction, and manufacturing, often benefit the most from short-term business loans. These loans help manage costs during slow periods or ramp up for busy seasons.
Short-term loans often come with fees like origination fees, prepayment penalties, or late payment charges. Some lenders may also charge factor rates instead of traditional interest, which can result in higher overall costs. Always review the terms before accepting a loan.
Some short-term business loans are secured, requiring collateral like inventory, accounts receivable, or business assets. However, many lenders also offer unsecured options that don’t require collateral, though they may have higher interest rates or stricter qualification requirements.
