Shield Funding Business Loans Review

Written by  Katie Ziraldo

Edited by  Dawn Daniels

+ 1 More

Published Aug 21, 2025 Content was accurate at the time of publication.

Rate range: [mmps name=’sbloan.562.Interest_Rate_from’]% to [mmps name=’sbloan.563.Interest_Rate_to’]%   Loan amounts: [mmps name=’sbloan.561.min_loan’] to [mmps name=’sbloan.561.max_loan’]   Our Verdict: [mmps name=’sbloan.561.bankName’]’s low minimum credit score and time in business requirements make it an ideal choice for startups and bad credit borrowers, but rates vary widely, so you may want to compare loan costs with other offers. See Business Loan Offers

Pros and cons of [mmps name=’sbloan.561.bankName’]

[mmps name=’sbloan.561.bankName’] small business loans review

[mmps name=’sbloan.561.bankName’] is a marketplace lender that connects business owners with direct lenders to find the best small business loan for their needs. You can fill out [mmps name=’sbloan.561.bankName’] ’s form online or over the phone, and your business will be considered for a variety of loan products, including term loans, lines of credit and merchant cash advances.

Both secured and unsecured financing options are available, though higher credit scores are required for unsecured loans and loans may require a personal guarantee. Depending on the loan type and amount, borrowers may be able to receive their funds as soon as the same day they apply, though it could take up to five or more business days in some cases.

Overall, [mmps name=’sbloan.561.bankName’] has good ratings, with many customer reviews highlighting the ease, speed and level of service provided. The lender is rated 4.9 out of 5 stars on TrustPilot and has an A rating with the Better Business Bureau.

Note that while [mmps name=’sbloan.561.bankName’] offers financing in all 50 states, it operates under the name Ascendancy Corp. West in the state of California.

[mmps name=’sbloan.561.bankName’] small business financing at a glance

Term loans

[mmps name=’sbloan.561.bankName’] advertises multiple types of small business loans, including short-term loans, same-day loans and unsecured loans. These are all types of term loans, and the funds can be used to cover a variety of business expenses — [mmps name=’sbloan.561.bankName’] claims there are no restrictions. Loan amounts range from [mmps name=’sbloan.561.min_loan’] to [mmps name=’sbloan.561.max_loan’], though same-day loans require a minimum loan amount of $10,000 or more.

Repayment terms typically span from [mmps name=’sbloan.561.term_period_min’] to [mmps name=’sbloan.561.term_period_max’] months. However, loans for borrowers with bad credit may be limited to 18-month terms and borrowers with scores below 600 may need to provide collateral — in addition to a personal guarantee — to secure financing. Interest rates start at [mmps name=’sbloan.561.Interest_Rate_from’]% but can reach as high as [mmps name=’sbloan.561.Interest_Rate_to’]%.

Lines of credit

If you’re looking for a more flexible form of financing, Shield Funding also offers business lines of credit, which allow you to borrow money as needed up to a predetermined amount. As you pay down your balance, your credit line replenishes, allowing you to borrow again and again. 

Be aware that while the website states that all funding programs go up to [mmps name=’sbloan.562.max_loan’], Shield Funding notes that most lines of credit are $250,000 or less. 

Rates for lines of credit are lower than term loans, with a starting rate of [mmps name=’sbloan.562.Interest_Rate_from’]% and a maximum of [mmps name=’sbloan.562.Interest_Rate_to’]%. However, you’ll need a stronger credit profile to qualify. [mmps name=’sbloan.561.bankName’]’s business lines of credit require a minimum credit score of [mmps name=’sbloan.562.credit_score’] or higher.

Merchant cash advances

If you have less-than-perfect credit, you can also consider [mmps name=’sbloan.561.bankName’]’s merchant cash advance, which allows you to borrow against your future debit and credit card sales. This form of financing might be ideal for seasonal businesses, as instead of fixed payments, you’ll repay your borrowed funds with a percentage of your sales — meaning the cost of your payments will fluctuate alongside your business revenue.

Merchant cash advances are available from [mmps name=’sbloan.563.min_loan’] to [mmps name=’sbloan.563.max_loan’], though the exact amount you’re able to borrow will depend on your business revenue and other factors. Rates start at [mmps name=’sbloan.563.Interest_Rate_from’] but can go up to [mmps name=’sbloan.563.Interest_Rate_to’]%, making this the most expensive option offered by this lender.

[mmps name=’sbloan.561.bankName’] borrower requirements

To get a business loan from [mmps name=’sbloan.561.bankName’], you’ll need to meet the lender’s loan requirements, and the exact requirements depend on the loan type. For example, term loans are offered to borrowers with personal credit scores as low as [mmps name=’sbloan.561.credit_score’], but lines of credit require a minimum score of at least [mmps name=’sbloan.562.credit_score’]. Regardless of the type of financing you’re interested in, you’ll need to be in business for a minimum of four months with $120,000 in annual revenue to qualify.

Depending on your creditworthiness, you may also need to provide collateral to secure a loan. And though some loan options are marketed as unsecured, all loans typically require a personal guarantee.

Required documents

To get a quote, you’ll need to provide certain documents, including business bank statements for the last four months. Though [mmps name=’sbloan.561.bankName’] does not disclose the full list of documents that might be required, its website states that very little documentation is needed, which can potentially expedite the application and approval process.

Alternatives to [mmps name=’sbloan.561.bankName’]

[mmps name=’sbloan.561.bankName’] vs. [mmps name=’sbloan.17.bankName’]

If you’re looking for fast funds to cover cash flow gaps or take advantage of a sudden business opportunity, business loans with [mmps name=’sbloan.561.bankName’]’s partners can fund as soon as the same day you apply.

However, depending on the documentation required, you could be waiting as long as five business days for your funds, which may not be ideal for businesses with urgent needs. Because [mmps name=’sbloan.561.bankName’] isn’t a direct lender, the funding timeline can also depend on which lenders you’re matched with.

By comparison, [mmps name=’sbloan.17.bankName’] offers lower maximum loan amounts (up to [mmps name=’sbloan.17.max_loan’]), but you might be able to receive your funds sooner. Term loans up to [mmps name=’sbloan.120.max_loan’] are typically eligible for same-day funding when the application is submitted before 10:30am EST. In all other cases, funds will be deposited into your business bank account within two to three business days. While this is a slightly faster turnaround time than [mmps name=’sbloan.561.bankName’], keep in mind that the cost of borrowing may be higher.

[mmps name=’sbloan.561.bankName’] vs. [mmps name=’sbloan.74.bankName’]

[mmps name=’sbloan.561.bankName’] could be a good choice for borrowers with bad credit, but there are other options to consider. Like [mmps name=’sbloan.561.bankName’], [mmps name=’sbloan.74.bankName’] offers business loans and merchant cash advances for borrowers with credit scores as low as [mmps name=’sbloan.74.credit_score’]. Loans can be funded as soon as the same day with loan amounts up to [mmps name=’sbloan.74.max_loan’].

That being said, you’ll need to generate more revenue (at least $15,000 a month) to qualify. It’s also worth noting that [mmps name=’sbloan.74.bankName’] uses a factor rate to represent the cost of borrowing, which can make it harder to compare costs between lenders. To better compare loan offers, consider converting factor rates into interest rates.