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Shield Funding

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LAST UPDATED: February 17th, 2024

Shield Funding is an alternative lending company with an edge. Sam Baitz, Founder & CEO, decided that he wanted to resolve the issue of the tedious bank loan process and decrease the rate of rejection. The great part is that they not only offer money to those with bad credit reports, but they additionally specialize in that.

Consumers that choose Shield Funding should remember that they must have a credit score of 500 or higher.

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The Good

  • Variety of Loan Options
  • Easy to Qualify
  • Maximum Loan Amount

Variety of Loan Options

Because Shield Funding is essentially an alternative lender, they offer a wide variety of business loan options:

  • Unsecured Business Loans
  • Business Loans for Women
  • Business Cash Advance
  • ACH Loans
  • Private Business Loans
  • Fast Business Loans
  • Bad Credit Business Loans
  • Working Capital Loans
  • Small Business Loans For Women
  • Business Loans After Bankruptcy
  • High Risk Business Loans
  • Direct Business Loans
  • Short Term Business Loans
  • Hard Money Business Loans

Listed below are the requirements to get approved for business funding for Shield Funding's most basic program:

  • Business must be running for at least three months
  • 530 minimum credit score
  • 10,000 minimum monthly revenue

Just remember that there may be additional factors that are considered. However, meeting these three requirements gives you a very high chance of having your application approved.

For those companies accepting credit cards as a payment method, gross monthly revenues of $5,000 are required. If companies do not accept credit cards when it comes to forms of payment, $20,000 is required instead. A company must be relatively large in order to qualify as a non-credit card user. And, as mentioned, a non-credit card user must have been in business for a minimum of three months.

Easy to Qualify

Up to $1 million in capital is offered, allowing many types of businesses to use Shield Funding's services and programs. They offer business cash advances as well as unsecured business loans, allowing a customer to pay for company growth and expansion, invest in a marketing campaign, finance debt, improve social media presence, increase inventory, and purchase new products, among other things. There are endless investments that you can make with the capital and, if you qualify, you can get secure it within 24 hours of applying. Poor credit score? That is not a problem for them. You can apply for short term and longer-term programs.

High Maximum Loan Amount

Shield Funding offers small business owners up to $1 million in business financing. Such an extensive loan program provides businesses with the financial assistance they need to get started or to continue to grow their companies. Note that not all businesses will qualify for the maximum loan amount depending on a variety of factors, such as personal credit score, annual revenue, business experience, etc. 


The Bad

  • Credit Check
  • Competition for Funding
  • Organization of the Website

Credit Check

Personal collateral is needed, and Shield Funding will check your credit score, which might be damaging to you. If you apply for the loan that was designed for those with bad credit scores, your business must be running for at least three months prior and you must be making a minimum of $2,500 each month if your company accepts credit card payments. Otherwise, the minimum requirement is $20,000 each month-an incredibly large contrast. With most products, however, a personal credit score of at least 650 is needed, which means that the loan for bad credit scores is not the company's most effective.

Competition for Funding

Even though they claim that simply a business with cash flow will suffice, there is always competition. Like with most companies, the more qualified companies receive the higher funding through Shield Funding. They, unlike certain competitors, do not solely dedicate themselves to providing capital for those with bad credit scores, which means that it will make it difficult for certain people to receive funding.

Other factors might involve the amount of time that the company has been running, the success that they have had within reasonable amounts of time, and business credit. Essentially, it is important for applicants to strive to improve and to make their applications stand out in some way.

Organization of the Website

Because Shield Funding offers so many options, it might seem slightly overwhelming figuring out which loan is best for you. The website does not clearly explain the difference between them, even though some of the titles are self-explanatory. We feel the website should do a better job at categorizing. 


The Bottom Line

If you are the owner of a company looking for special deals on capital lending and a competitive edge, then this may be the alternative lender for you. With up to $1 million in capital and no hidden fees, this might be the lending opportunity you've been searching for. Their application process is simple and the wait time is short, so check out alternatives, but regardless of your industry, Shield Funding might be worth the investment.

However, there are limited Shield Funding reviews so it's difficult to know how the company measures up against other small business lenders. You may consider looking into other financing companies with more positive feedback from customers to be sure you are choosing a trustworthy and quality lender with the best offerings. 

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Kyle Monsey, NY

An incredible experience. Tremendously efficient, courteous and I received my loan within 2 days. I definitely and highly recommend Shield Funding.

5 years ago