Estimated Business Loan Term
12 to 36 Months
Rates
9% to 45%*
Time in Business Required
2 Years
Min Credit Score Require
650
Min Monthly Deposits Required
5
Min Monthly Revenues
$10,000
Min Business Loan Amount
$15,000
Max Business Loan Amount
$750,000
Max Number of Negative Days
4 Within a Month
*Rates depend on the duration of funding
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
or
Submit your online application by clicking apply below and entering a few basic details about your business.
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.
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.
Merchant cash advances allow small business owners access to immediate capital in a short amount of time regardless of their credit history. Below you will see some examples of how small business owners are utilizing merchant cash advances.
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.
This type of business funding has low document requirements so you can receive funding possibly in the same day you apply.
This type of alternative funding option very flexible credit history requirements so it will have very little impact on whether or not you receive funding.
There are no restrictions, you can use the money the loan how you see fit.
It may be possible, it just depends on a few factors. Speak with your representative for more details.
This is also possible, it just depends on a few factors. Speak with your funding representative to see if it makes sense for your business.
This can depend on several details about the offer but it is definitely possible. Speak with your funding representative.
A minimum of two months in business is required.
