Shield Funding Market Research Report
Company Overview
- Name: Shield Funding
- Mission of the Company: Shield Funding is committed to helping small businesses grow by providing them with cutting-edge funding solutions and unparalleled personal service.
- Founded: 2008
- Founder: Sam Baitz
- Key People:
- Sam Baitz, Founder & CEO
- Chris Mathews, CMO
- Allegra Mathews, VP of Marketing
- Shana Kahn, Underwriting Manager
- Headquarters: No information is available
- Number of Employees: No information is available
- Revenue of the Company: No information is available
- The Company is Known For: Shield Funding is known for helping over 2,500 businesses secure more than $1 billion in funding, offering a wide range of business loans tailored to the needs of small business owners.
Products
Shield Funding provides a variety of loan products designed to meet different business needs:
1. Same Day Business Loans
- Description: Provides rapid financial support with a streamlined application process and minimal paperwork, allowing access to funds within hours.
- Key Features:
- Loan terms range from 2 to 36 months.
- Rates span from 12% to 45%.
- Minimum credit score of 500.
- Minimum loan amount of $10,000.
- Quick funding turnaround often within the same day.
2. Short Term Business Loans
- Description: Designed for immediate funding with a clear repayment structure.
- Key Features:
- Loan terms from 6 to 36 months.
- Rates vary from 12% to 36%.
- Requires a minimum credit score of 650.
- Minimum loan amount of $5,000.
3. Unsecured Business Loans
- Description: Financial support without the need for collateral.
- Key Features:
- Flexible payment terms (daily, weekly, and monthly).
- Loan terms from 6 to 36 months.
- Rates range from 9% to 45%.
- Minimum credit score of 600.
4. Working Capital Loans
- Description: A financial resource for managing daily operational expenses.
- Key Features:
- Loan terms from 12 to 36 months.
- Rates between 9% to 45%.
- Minimum credit score of 650.
- Minimum loan amount of $10,000.
5. Merchant Cash Advance
- Description: A loan where payments are based on a percentage of daily credit card sales.
- Key Features:
- Loan terms from 2 to 36 months.
- Rates from 12% to 49%.
- Minimum credit score of 500.
- Minimum loan amount of $8,000.
6. Business Consolidation Loans
- Description: Aimed at consolidating multiple business debts into a single loan.
- Key Features:
- Loan terms from 6 to 36 months.
- Rates between 9% to 42%.
- Requires a minimum credit score of 650.
7. SBA Business Loans
- Description: Provides businesses with low-cost financing backed by government guarantees.
- Key Features:
- Loan terms typically range from 5 to 30 years.
- Rates range from 2.25% to 5%.
- Minimum credit score of 680.
- Minimum loan amount of $25,000.
Recent Developments
- Recent Developments in the Company: The company has consistently improved its loan offerings and processes, enabling it to deliver funding rapidly to its clients.
- New Products Launched: No specific new products launched; existing products have varied terms and have been tailored to meet different business needs.
- New Features Added to Existing Products: Streamlined application processes, minimal paperwork requirements, and quick funding solutions.
- Any New Partnerships: No information is available
Customer Experiences and Reviews
- Shield Funding has a strong reputation with a TrustScore of 4.9 out of 5 based on over 415 reviews.
- Customer testimonials highlight the fast and efficient funding process, exceptional customer service, and the helpfulness of their loan experts like Dan Zuberman, Jo Marks, and Sal Salamone.
- Cases include helping businesses in expansion, transforming retail operations to e-commerce, and offering guidance during financial challenges.
Conclusion
Shield Funding stands out as a direct lender dedicated to facilitating the growth of small businesses through innovative funding solutions. Their focus on speed, customer service, and flexibility has earned them trust and acclaim within the business community. Their extensive portfolio of loan products and the ability to provide same-day funding highlights their capabilities in meeting the urgent financial needs of small business owners.
