Business Loans

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Logging, timber, and wood produces raw products used in manufacturing, paper goods, and more. In the United States, it provides employment for 2.5 million people, produces $300 billion of products, and makes up 47% of raw materials used in manufacturing. The industry’s growth prospects look favorable, with pent-up demand expected to drive revenue increases in 2021 and lumber and wood prices at an all-time high.

Now is the time to expand your timber business or look into a merger or acquisition to fuel growth.  While you could have the cash reserves to fund your plans, after years of great sales, it’s not always a good idea to use your own capital. If dipping into your cash reserves could make it harder to meet current obligations, or if your revenues have been used to pay off old debt, borrowing could be a smart choice.

If you’re ready to borrow now, it takes just a few minutes to apply online. Before you apply you should know the funds intended use, how much money you need to borrow, and the best loan for your timber company.

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What Do I Need to Qualify?

Below is a list of the requirements to get approved for business funding with our most basic program.

  • At Least 3 Months in Business
  • 530 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


    Submit your online application by clicking apply below and entering a few basic details about your business.

    Types of Business Loan Available

    Small Business Loans

    This is a short term small business loan that you can use for any type of expense. You can use it to cover seasonal swings in business, pay a new chef, or open an entirely new location. Whatever you need for your business, these simple term business loans will help you get it.

    We offer up to $1,000,000 in funds for restaurant owners. And with interest rates of 5–45%, you can get a better deal than you would with some traditional lenders. As long as you’ve been in business for two months, earn $8,000 or more per month, and have a credit score of 500 or more, you can qualify for one of these loans.

    Our terms range from 12–36 months, so you can get the amount and terms that work for you.

    Unsecured Business Loans​

    Traditional lenders often require collateral when they give you a loan, which means you’re putting your business on the line. That’s not a good way to start a financial relationship.

    We offer unsecured business loans, so you don’t need to put up any collateral. Because we’re an alternative lender, we’re able to offer this funding service alongside our already great rates. You can feel more comfortable with our business loans knowing that we aren’t about to take your oven or your bar stools if you miss a payment.

    Merchant Cash Loans​

    We know that  restaurants have a tough time receiving working capital because of the volatility of the industry. If you try to get a loan from a traditional lender, you’ll get denied fast. But we don’t think your industry should disqualify you from getting funding for your restaurant business.

    So we offer short term merchant cash advances of up to $1,000,000 to restaurant owners with credit scores above 500. You’ll pay 12–45% interest on terms up to 36 months. As long as your restaurant has been open for a few months and you have $8,000 in monthly revenue, you can qualify.

    Working Capital Loans

    Restaurants have a lot of day-to-day expenses, and that’s what working capital funding is for. Whether it’s covering payroll, stocking the bar, or taking advantage of a marketing or advertising opportunity, these loans help you with the more mundane expenses of running a restaurant.

    Like our term loans, you can get up to $1,000,000 in working capital. You still get the option of terms between 12 and 36 months and interest rates from 9–45%. You’ll need to have two months in business, and at least $10,000 in monthly revenue to qualify. You’ll also need a credit score of 650 or better.

    If you meet these qualifications, you can get the funding you need to cover any expense you might come across, from an emergency repair to making sure your freezers are full of food.

    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.

    Questions to Ask Before Borrowing

    Small business owners looking to acquire, merge with, or start a new business will have different funding needs than existing business owners. In addition to the purchase price, you’ll have to pay lawyers to look over and prepare documents, accountants to review the books, and other professionals to help close the sale. 

    In these circumstances, the amount of money you need to put down or the percent of the purchase you need to fund through a loan will influence the type of financing that’s best suited for your purposes. You should likely apply for a large business loan. 

    If you’re already in the timber industry, you have data from past year’s sales and expenses to inform borrowing decisions. You can predict cash flows and will know, for example, if you need to borrow to fund equipment repairs. Past cash flow and customer behavior can also help you forecast how an expansion or adding new lumber mill capacity could impact your sales revenues.  

    Existing business owners have a financial history to include in a loan application. You could have assets to pledge as collateral, such as allowing the lender to file a lien against your lumber mill. Borrowing as an existing business owner is easier, assuming that you’ve been profitable.

    Opening a new lumber mill or investing in a seedling nursery? You’ll have to locate an appropriate building to lease or buy, and cover monthly rent or the mortgage while possibly renovating it. There will be upfront costs like buying logging machinery or saws, and once you’re up and running you’ll have to pay utility bills and other fixed expenses before the operation turns a profit. 

    Small business owners expanding or investing in an existing business could face many of the same costs. 

    Here are some of the most popular reasons those in the timber industry take out small business loans:

    • Purchase new timberlands
    • Expand in or start a new seedling nursery, chip mill, or sawmill
    • Equipment purchases such as forklifts, saws, pallet jacks, and storage racks
    • Cover operating expenses during lean times

    Knowing why you need the money helps set your borrowing limit and dictates how much cash you need to fund the business plan. 

    Before borrowing, it’s important to know how the new debt will impact your business’s cash flows. After you’ve paid fixed expenses like the mortgage and utilities, how much free cash flow is available to make loan payments? Take a hard look at your budget before you borrow.

    Lenders calculate your monthly loan payment by taking the loan’s size and applying its terms, such as a repayment period and interest rates. Consider scaling back your plans if the monthly payment on the loan you need isn’t affordable. 

    Your cash flows must cover the loan payments – particularly if there is a delay between when you have to pay for any acquisitions or new equipment and when that spending generates revenues. When making a budget and determining what you can afford to borrow, include a plan to pay back the loan. And try to plan for the unexpected, just as difficulties installing new equipment or a power failure that kills your new seedlings.

    How much revenue will your new chip mill generate in the first year of operations? In the third year? Before you borrow to fund an acquisition or project, you must have a reasonable expectation that it will make a profit. 

    Anytime you borrow to fund a small business project its expected return should cover more than the loan’s cost. The project should also generate more revenue for your business in the long run, not just break even. Evaluating a potential project in the timber industry can get quite complicated given the variables of rate of timber growth, timber demand, and industry regulations. 

    Before taking out a loan, run a few financial scenarios and determine if the project’s revenues will both pay back the loan and generate a profit. Consider the worst case scenarios, and how you might handle them or mitigate their negative impact. 

    A loan’s term is the time you have to repay the lender. Shorter repayment terms equate to a higher loan payment, since the repayment is spread out over a less time. But even though it would lower your monthly payment, a longer repayment term isn’t always the way to go. You don’t want to still be paying on a loan when you’re no longer receiving the benefits of what it funded.  

    For example, let’s say you’re taking out a $7,000 loan to cover the cost of a new forklift. The forklift will be fully depreciated after three years. If you took out a five-year loan to finance ir you would still be paying on the loan after it had no value (and already might need replacing).

    For capital investments like a new saw mill, apply a matching principle. The funding’s term should end when the project is complete and/or fully depreciated. 

    Maybe you need access to funds on an ongoing basis – to make payroll, pay rent during a slow month, or to draw on for unexpected expenses. For ongoing needs, a line of credit would work best. Similar to a credit card, a line of credit often has lower rates. Small business owners draw on the funds as needed and only owe payments when they’ve borrowed.

    Small business owners with poor credit, or whose business has defaulted on a loan in the past, will find it harder to borrow now. Your personal credit score and the business’s credit history impact how many lenders will work with you and the loan’s rate and terms. Before applying for loans or talking to lenders, pull a free copy of your credit report and check your credit score. 

    Depending on what it says, you may want to skip applying at a bank and go directly to alternative lenders. Most banks only work with borrowers who have credit scores above 750, at least two to five years in business, and strong financials.

    You can still borrow with less-than-stellar credit or some bumps on your credit history, but you’ll have an easier time working with an alternative lender. These lenders specialize in working with borrowers that banks won’t consider. 

    Funding Business Dreams Everywhere

    Want to find out more about how our loan products can help your eye care business? Get in touch today and we’ll help you find the right loan for your business!