Estimated Business Loan Term
2 to 36 Months
Rates
5% to 49%*
Time in Business Required
4 Months
Min Credit Score Require
500
Min Monthly Deposits Required
2
Min Monthly Revenues
$10,000
Min Business Loan Amount
$5,000
Max Business Loan Amount
$1,000,000
Max Number of Negative Days
6 Within a Month
*Rates depend on duration of funding
Shield Funding has been helping small business owners secure small business loans for more than a decade. We offer a variety of programs that help existing business owners grow the
Short term business loans are for business owners that are looking for immediate funding that will be paid back over a short period of time. These loans are structured where the borrower receives funding and the payback amount and any fees is determined up front. As far as rates and terms this is the best alternative financing option for business owners that do not meet bank requirements. This type of business loan is short term so the payment plan will be spread out anywhere from six months to three years.
Loan Term
6 to 36 Months
Rates
12% to 36%*
Minimum Credit Score
650
Minimum Loan Amount
$5,000
*Rates and fee depend on the duration of funding
Bad credit business loans are for business owners with poor personal credit or weak business financials. This type of funding features daily or weekly payments and the fees are determined before funding takes place. This product has very few document requirements and funding can take place as fast as the same day. This financial product is a great option when traditional financing is not a possibility.
Loan Term
2 to 18 Months
Rates
12% to 45%
Minimum Credit Score
500
Minimum Loan Amount
$5,000
*Rates and fee depend on the duration of funding
Same Day Business Loans are designed to meet your urgent financial needs. With our streamlined application process, minimal paperwork, and flexible qualification criteria, you can often have access to funds within hours. This type of service has allowed are clients to seize new opportunities, address emergencies, or maintain smooth business operations.
Loan Term
2 to 36 Months
Rates
12% to 45%
Minimum Credit Score
500
Minimum Loan Amount
$10,000
*Rates and fee depend on the duration of funding
Unsecured business loans are a great option for small business owners that require funding for their business but do not have collateral. This product features daily, weekly, and monthly payment options and funding can take place as fast as 24 to 48 hours. Depending on the size of the loan there may be very few documents required
Loan Term
6 to 36 Months
Rates
9% to 45%
Minimum Credit Score
600
Minimum Loan Amount
$5,000
*Rates and fee depend on the duration of funding
This type of funding option is a great option for small business owners that want to get approved for funding but not necessarily use all of the funds. The payment terms feature weekly or monthly payment options, and the overall cost of financing will be based on how much the borrower decides to utilize. Financing can take place in as little as 2 to 3 days depending on the size of the line of credit.
Loan Term
2 to 36 Months
Rates
5% to 25%
Minimum Credit Score
620
Minimum Loan Amount
$5,000
*Rates and fee depend on the duration of funding
This is the best option for borrowers that do not want the burden of fixed payment schedules. Payments are withdrawn from a small percentage of the credit card revenue as it is processed until the advance is paid back. This feature gives merchants the ability to pay less during slower business cycles and more when business is better. Funding can take place as quickly as 3 business days as there are very few document requirements.
Loan Term
2 to 36 Months
Rates
12% to 49%
Minimum Credit Score
500
Minimum Loan Amount
$8,000
*Rates depend on duration of funding
Working capital loans are a great resource for small business owners that require funding to help finance the daily operational expenses of the company. This loan option offers flexible payment structures so daily, weekly, and monthly options are available. Some other advantages with this form of funding is that there are very few document required and the entire application and funding process can take place as quickly as the same day
Loan Term
12 to 36 Months
Loan Term
9% to 45%
Loan Term
650
Loan Term
$10,000
*Rates and fee depend on the duration of funding
When operating a business it is often possible to have multiple lines of credit and different types of business loans or merchant cash advances. Shield Funding has been helping business owners consolidate their business debt for almost two decades. We know how important it is to get competitive rates, and flexible terms, and to work with a lender you can trust.
Loan Term
6 to 36 Months
Rates
9% to 42%
Minimum Credit Score
650
Minimum Loan Amount
$20,000
*Rates and fee depend on the duration of funding
SBA Business Loans are a great way for business owners to secure low cost business financing through banks based on guarantees from the federal government. There is a wide variety of funding programs offered by the SBA and the stringent requirements and paperwork can often leave business owners afraid of the process. Shield Funding has been helping business owners secure funding for more than a decade and we make the process simple if SBA funding is not right for you or you have exhausted the funding they offer
Loan Term
Typical 5 to 30 yrs
Rates
2.25% to 5%+
Minimum Credit Score
680
Minimum Loan Amount
$25,000
*Rates and fee depend on the duration of funding
Most small business owners applying for a loan want to borrow as much as possible as they intend to use the funds to advance their growing business, however, it really comes down to what payment plan is manageable and how the business funding will be used. Every business is different, some companies receive small inflows of cash frequently making a daily payment a viable option while others receive larger payments less frequently and only a weekly or monthly payment plan would work. Additionally, some businesses might need a short term loan to cover immediate debts while others may have a longer term project requiring funding for a longer term. No matter what the reason is for the loan knowing what type of payment your business can sustain is very helpful when determining what type of loan is right for you.
Knowing the amount of each payment depends on the amount of your loan and the rate you receive. There are also various payment options so the amount of your payments will be larger or smaller depending how frequently you make payments.
There are a wide variety of small business loans available, and every type of loan has different payment options. Below are the three possible payment types on your small business loan. There is one exception and that is a merchant cash advance where a percentage is taken out of sales as they are processed.
With this option the funds will be withdrawn daily, five days a week not including holidays, until the account is settled.With this option the funds will be withdrawn daily, five days a week not including holidays, until the account is settled.
With this option the funds will be withdrawn daily, five days a week not including holidays, until the account is settled.With this option the funds will be withdrawn daily, five days a week not including holidays, until the account is settled.
With this option the funds will be withdrawn daily, five days a week not including holidays, until the account is settled.With this option the funds will be withdrawn daily, five days a week not including holidays, until the account is settled.
When considering the payback for a small business loan all the additional fees must be factored into your calculations. It is important to note that each lender is different and can have their own set of fees completely different than every other lender. Although Shield Funding does not charge most of these fees listed below they are common with many lenders.
The origination fee covers the cost for processing the loan. This includes administrative costs, verifying an application, and other costs associated with approving your application and getting the funds in your business bank account. This fee is generally quoted as a percentage, generally between 1% and 5% although some lenders charge a flat fee
This fee is charged for processing your application whether or not you receive an approval. It helps cover the costs for running credit checks and basic administrative costs for initiating the small business loan process. This fee is typically waived when the borrower receives funding although there are many lenders that do not even charge an application fee.
This fee is charged when a borrower fails to make a payment on the due date. Many loan programs today have automatic payment options so the borrower does not formally submit payments, but if there are insufficient funds in the account some lenders can charge a late payment fee for every attempt to draw the payment that has been rejected.
A prepayment fee or penalty is a fee that some lenders charge when a loan is paid back in full before it matures. However, this does not exist in the alternative financing industry. In fact, it is the exact opposite. Some lenders actually offer a discount for prepaying your loan. Be sure to know your prepayment options before accepting the funding.
We have had small business owners who have received funding in the same business day that they applied. It just depends on
how prepared the applicant is with their documents as well as several other factors.
Shield Funding does not sell information to other lenders. We handle everything in-house so you do not have to worry about receiving unwanted phone calls from multiple lenders.
Yes. There are no restrictions on how you utilize the funds.
No. We have programs for all credit types. It is more important that you have a business with revenue and the banking statements to verify the revenue.
Shield Funding does not sell information to other lenders. We handle everything in-house so you do not have to worry about receiving unwanted phone calls from multiple lenders.
No. You do however have to own at least fifty one percent of the business.
A minimum of 2 months is required, however, most approved businesses have been operating for at least 3 months or more.
No. In fact, in some cases you may receive a discount.
