A quick funding process that offers unsecured business loans to business owners.
Last Updated on March 26, 2025
Shield Funding TeamShield Funding has been helping small business owners secure unsecured business loans for over a decade. We know that when you need working capital, waiting weeks for a traditional loan just isn’t an option. That’s why we offer fast, hassle-free funding—with some of our clients receiving approval and funding in just one to two hours, as long as basic documentation is ready. There’s no need for collateral, and the process is designed to be quick and flexible to meet your business’s unique needs.
Traditional bank loans can be slow and difficult to qualify for, especially if you don’t have perfect credit or valuable assets to secure the loan. As an alternative lender, Shield Funding offers a streamlined solution with same-day funding options and fewer requirements. If you’re ready to move your business forward without the delays of traditional lending, apply online today and see how much you can qualify for with one of our unsecured business loans.
What Do I Need to Qualify?
Below is a list of the general requirements to get approved for business funding with our basic program.
How Do I Apply?
Applying has never been easier. You can either call our toll free number 24 hours 7 days a week at:
OR
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 employee, 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 business 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 four months, earn $10,000 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.
A business line of credit is a lot like a credit card—you get a maximum amount of credit and can spend any amount below that repeatedly (as long as you pay it back in between withdrawals). That makes lines of credit great for day-to-day purchases like inventory, decor, or marketing. Because bar inventory usually has high turnover, you’ll be making a lot of inventory purchases. So a financing option like this can be a big help.
Since it’s always available once you’ve been approved, it’s also a big help for weathering unexpected costs. Your keg cooling system might break, for example—and you need to get it fixed as fast as possible. Or you could come across an opportunity to take part in a local event that requires some upfront cash. Again, since you’ve already been approved, you’ll have the funds on hand to take advantage.
Interest rates are relatively low—usually in the 5–10% range. And because you can get up to $250,000 of revolving credit, you can use it to build up some momentum when you grow your business. We work with borrowers who have a credit score of 650 or higher, have been in business for six months or more, and have monthly revenue of at least $10,000 for business lines of credit. We also require at least five monthly deposits.
Businesses have a lot of day-to-day expenses, and that’s what working capital funding is for. Whether it’s covering payroll, stocking your inventory, or taking advantage of a marketing or advertising opportunity, these loans help you with the more mundane expenses of running a business.
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 stock is full of inventory.
Apply for Unsecured Business Loans!
Work with a direct lender and get a unsecured 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 two decades.
PNC Bank offers unsecured small business loans from $20,000 to $100,000, ideal for businesses that need funding without collateral. These loans have fixed interest rates, 1% lower than PNC’s standard rates at approval, making them a cost-effective option. To qualify, you’ll need a PNC business checking account and must set up automatic payments. The application process is quick, so you can receive funds with minimal delay. While no collateral is required, strong credit and financial stability are important for approval. These loans are perfect for covering short-term expenses or supporting growth when you don’t have assets to give.
Bank of America offers the Business Advantage Credit Line, an unsecured business line of credit starting at $10,000, designed to help small businesses manage cash flow without requiring collateral. To qualify, businesses typically need at least two years of operation under current ownership, annual revenues of $100,000 or more, and a personal credit score above 700. This revolving line of credit features interest rates starting at 9.00%, with no interest charged until funds are drawn. Monthly payments are based on the outstanding balance, and the line undergoes annual renewal.
Our unsecured business funding option was created to help small business owners that do not have collateral such as property, business equipment, or any other asset that they can put up to borrow money for their existing business. This type of loan is structured for business owners that do not meet traditional collateral requirements for a bank business loan or for individuals that simply do not want to risk assets against a small business loan. The credit requirements are also very low so they are ideal for clients looking for unsecured business loans with bad credit. This type of funding has a very quick turnaround and can be utilized to purchase additional inventory, add new employees, launch a marketing campaign, or any type of business initiative.
Unsecured business loans provide fast, flexible funding that can be used for nearly any business need—without requiring collateral. This type of loan is especially useful for purchasing inventory, covering payroll, or funding marketing campaigns to drive growth. Whether you’re preparing for a busy season, expanding your team, or launching a new advertising strategy, unsecured loans allow you to access capital quickly and act when timing matters most. These loans are also a great fit for businesses looking to expand or take advantage of new opportunities without tying up valuable assets. Since they don’t require property or equipment as security, the application process is typically faster and less restrictive. Whether you’re solving a short-term cash flow issue or investing in long-term growth, unsecured business loans give you the freedom to keep your operations running strong.
Before taking out an unsecured business loan, it’s important to closely review your cash flow and ensure you can comfortably manage the repayment terms. Since these loans don’t require collateral, they may come with slightly higher rates or shorter repayment periods, making it essential to understand the full cost of borrowing, including any fees. Analyze your monthly income, operating expenses, and profit margins to determine what you can realistically afford. While unsecured loans offer fast and flexible funding, borrowing more than your business can handle could create unnecessary financial pressure. Make sure the repayment plan aligns with your budget and won’t interfere with your daily operations or long-term goals.
Before applying for an unsecured business loan, it’s essential to know exactly how you plan to use the funds. Because these loans don’t require collateral and can be processed quickly, they’re ideal for covering time-sensitive needs like purchasing inventory, managing payroll, funding a marketing campaign, or hiring additional staff during a busy season. You can also use the financing to jump on new opportunities—like expanding into a new location—without the delays of traditional lending. Having a clear plan helps you determine how much to borrow and choose repayment terms that align with your cash flow. With a well-defined purpose, an unsecured loan can become a strategic tool that supports your business goals without adding unnecessary debt.
Our unsecured business loans are a good option if you require immediate business funding for your business and you do not have collateral. It is also a great funding solution for small business owners with bad credit because it only requires a minimum FICO score of 500. However, with this financing option you have to be willing to pay a premium, therefore, the project you undertake or the additional revenue you project should factor in the higher cost for the loan for it to make sense.
Qualifying for an unsecured business loan depends on a variety of factors that give lenders a clear picture of your business’s financial health. While your credit score is reviewed, it typically plays a smaller role compared to traditional loans. Lenders focus more on how long your business has been operating, your monthly revenue, bank activity, and your overall ability to manage ongoing expenses. They may also look at the nature of your industry, seasonal sales trends, and the consistency of your cash flow. Because unsecured loans are processed quickly and don’t require collateral, lenders rely on a strong, current snapshot of your business’s performance to make fast and confident approval decisions.
The amount you can qualify for with an unsecured business loan is largely based on your business’s monthly revenue and deposit activity. Since there’s no collateral involved, lenders place a strong emphasis on your cash flow and the consistency of your business income. Typically, you may be approved for up to 70% or more of your average monthly deposits. For example, if your business deposits $50,000 each month, you could qualify for a loan of around $35,000 or more. Lenders will closely examine your deposit history, financial stability, and how reliably your business brings in revenue. A strong and consistent financial track record can significantly increase the funding amount you’re eligible to receive.
With an unsecured business loan, repayment generally starts shortly after the funds are deposited and is typically made through daily or weekly automatic withdrawals from your business bank account. If you choose a daily repayment plan, payments are usually deducted Monday through Friday, excluding weekends and holidays. Weekly plans involve one fixed payment each week. This repayment structure breaks the total loan into smaller, more manageable amounts, making it easier to maintain consistent cash flow while meeting your obligations. It’s a convenient and predictable system designed to help busy business owners stay on top of their finances without disrupting day-to-day operations.
The cost of an unsecured business loan is typically based on a fixed factor rate and the length of the loan term. For example, if you borrow $20,000 with a 12-month term at a factor rate of 1.15, you would repay a total of $23,000—this includes $3,000 in financing costs. Unlike traditional interest rates that fluctuate, a factor rate is applied upfront, so you’ll know the full repayment amount from the beginning. Depending on your agreement, payments are made daily or weekly, spreading the cost into smaller, predictable amounts. This structure provides quick access to funding while keeping repayment terms clear and manageable for business owners.
This is likely one of the most important benchmarks you will use to compare lending options. If one lender offers a better interest rate than the other and all other things remain the same you can have a good idea of the rate comparison. You must keep in mind that different products such as credit cards or car loans work using traditional financing interest rates and APR, but many alternative funding programs quote in a factor rate or annualized interest rates so try to compare options based on the types of loans they are most similar to. And ultimately it will come down to what you have to pay back when all is said and done.
When comparing lending options, whether quoted in factor rates, interest rates, or any other framework, what is most important is what you will pay back when all is said and done. For this reason you should always try to look at what you will pay over the entire life of the loan.
A secured business loan requires collateral, such as property or equipment, to back the loan. An unsecured business loan does not require collateral, which reduces risk for the borrower but often results in higher interest rates since the lender takes on more risk.
It can be challenging for a new business to qualify for an unsecured loan, as lenders often prioritize businesses with established revenue and credit history. However, some lenders may still approve startups with strong personal credit scores and a solid business plan.
Repayment terms for unsecured business loans are often shorter than secured loans, typically ranging from 6 months to 5 years. This depends on the loan amount and the lender’s policies.
Some unsecured loans may include prepayment penalties if you repay the loan earlier than scheduled. However, this depends on the lender, so it’s important to review the loan terms carefully before applying.
Yes, repaying an unsecured business loan on time can improve your business credit score. It demonstrates financial responsibility and can help you qualify for larger or more affordable financing in the future.
Even though unsecured loans don’t require collateral, many lenders require a personal guarantee. This means the business owner is personally liable for repaying the loan if the business cannot. This reduces the lender’s risk while allowing borrowers to access funding without using business assets as collateral.
