Estimated Business Loan Term 6 to 24 Months
Rates 9% to 45%*
Time in Business Required 1 Year
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 $1,000,000
Max Number of Negative Days 4 Within a Month
*rates depend on duration of funding


What are Short Term Business Loans?

Our short term business funding solution can be a very good option to deal with the daily expenses of operating your business. It 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, it is 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 our short term 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 the loan is a good fit for your business.

What Do I Need to Qualify?

Below is a list of the general requirements needed to get approved. Although in some cases there are many additional factors that may be considered, meeting these three requirements gives you a very high chance of having your application approved.

  • At Least 1 Year in Business
  • 650+ Min. Credit Score
  • $10,000 Min. Monthly Revenue

How Do I Apply?

Applying has never been easier. You can either call our toll free number 24 hours 7 days a week at (888) 882-6117
Submit your online application by clicking apply below and entering a few basic details about your business.


What Will Short Term Financing Cost You?

The cost of a short term loan depends on your factor rate and length of time you have the loan. Let’s say you take a short term loan 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. Below is a calculator that can give you example total cost scenarios for borrowing as well as the payment amounts you can expect to make on a daily, weekly, or monthly basis.

Short Term Business Loan Calculator

  • Daily
  • Weekly
  • Monthly
FACTOR RATE (written as a % to keep things simple)
Total Repayment
Cost of Loan
Total Repayment

What Documents are Needed to Apply?

Documents Required for Less Than $100,000

  • Drivers License
  • Bank Statements
  • Proof of Ownership
  • Property Lease Agreement
  • Business Licenses
  • Voided Check

Additional Documents for Loans More Than $100,000

  • Personal Tax Returns
  • Business Tax Returns
  • Profit & Loss Statement
  • Balance Sheet
  • Business Debt Schedule (possible)
  • Potential for Others

Keep it Private. Apply Directly to One Source.

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How Do Short Term Business Loans Work?

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 will be between six months and thirty six months depending on the information provided in the application process.

Are Short Term Business Loans Right For You?

Our short term business loans can be a good fit if you require the funding 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 bad credit business 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.

Advantages vs. Disadvantages


  • The Lowest Rate Option
  • Great When Quick Payback Desired
  • Closest to Traditional Financing
  • Less Documentation Than Bank Loans
  • Funding As Fast As Same Day


  • Not Ideal For Long Term Obligations
  • Higher Payments
  • More Expensive Than Traditional Financing
  • Higher Credit Requirements
  • 2 Year in Business Minimum

Typical Uses for Short Term Business Loans

Wondering how clients are utilizing short term business loans. Although there are countless ways you can use short term funding to grow your business, below you will find some of the ways a small business owner can use this type of financing to build their company.

Acquire Inventory

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.

Additional Labor

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 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.

Buy Out Partners

Maybe you have a partner who is looking to retire or you just find yourself at odds with the direction of the business. Having access to immediate short term capital will give you the ability to take full ownership of the business.


Are you expanding your current business location with a construction project and find yourself running over budget and nowhere to turn. Short term financing can help alleviate the unnecessary pressure put on your operating budget and allow your business to continue growing while you get control of the budget.


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.

Short Term Business Loan FAQ’s

What Real Customers are Saying

Here are some recent testimonials describing the experience real clients have had with our company.

I needed immediate funding to take advantage of a great opportunity. One of my biggest competitors was having short term operating issues and there was a chance I could increase my market share. I received funding in the same day that I applied to Shield Funding. It was amazing. I was able to take advantage of an opportunity that would have been out of reach if I had to go through a lengthy funding process.

Gregory M. Restaurant Owner

My small business was growing but I could not get over this hump because I needed employees to handle some of my work so I could do more things to build my company. My credit was pretty good but still not adequate for traditional bank loans. I went to Shield Funding and was able to secure funding in the same week that I applied at a rate that worked for my business model. I can’t thank them enough.

Sarah V. Ecommerce Co.

Short Term Business Loan Review

  • Quick Funding Turnaround
  • Fair Credit Required
  • Daily or Weekly Payment Options
  • Closest Option to Traditional Loan
  • Great for Short Term Obligations
  • Meet Unexpected Debt Requirements
  • Great for Quick Turnover Opportunities