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 and medium sized businesses secure business loans for almost two decades. We are a direct lender that offers white glove personalized service to businesses that need immediate capital. We feature an expansive list of tailored funding programs that cover almost all solutions available in the industry; so you can get the best rates and terms without getting a hard credit pull or getting bombarded by dozens of brokers. We have excellent reviews, we are A+ rated with the BBB, and we have a streamlined process that makes funding fast and easy, and affordable.
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 one year to three years but it can offer weekly or monthly payments if you have a really good credit profile.
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, various quick funding products, minimal paperwork, and flexible qualification criteria, you can often have access to funds within hours. This type of service has allowed our 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. A wide variety of Shield Funding options are unsecured so there will be a lot of flexibility in what unsecured funding option to choose.
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 want to use all of the funds and increase interest costs. 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 1 to 3 days depending on the size of the line of credit but the amount generally goes up to 250k or less.
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 business revenue until the advance is paid back. That percentage can range from approx. 10-30% and usually comes as a daily or weekly payment. This feature can possibly give merchants the ability to pay less during slower business cycles and more when business is better. Funding can take place as quickly as the same business day 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. Various funding options can be used for working capital so it will just come down to a tailored working capital solution that fits your needs. Working capital loans offer flexible payment structures so daily, weekly, and monthly options can potentially be available. 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. There are several ways to either pay off or consolidate business debt and Shield Funding can offer a custom tailored solution for your business.
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 wants business owners to exhaust this option as a first stop in business lending and we can be there for additional funding. Our loan experts can advise you here as well if this is an option you are considering.
Loan Term
Typical 5 to 30 yrs
Rates
2.25% to 15%+
Minimum Credit Score
680
Minimum Loan Amount
$25,000
*Rates and fee depend on lender and prime rate
We offer a variety of custom tailored business funding options for California business owners. We strictly adhere to the established rules and regulations of the local government and can work with your business to get the business funding you need.
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
Most small business owners applying for a business 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 business 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, the length of time, 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. Some example payments might be $100 a day or $500 a week for one to three years. The frequency of payments can vary based on the product your are eligible for.
There are a wide variety of small business loans available, from business lines of credit, to equipment financing, to merchant cash advances. Every type of loan has different payment options. Below are the three possible payment types on your small business funding option.
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 once a week, until the account is settled.
With this option the funds will be withdrawn once a month. This option is rare and requires a stellar credit file.
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 4 most recent 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 4 months is required, however, there can b e an exception for slightly less if the business has good cash flow.
No. In fact, in some cases you may receive a discount.
