Shield Funding Announces the Small Business Loan Initiative

NEW YORK - Aug. 12, 2013 - PRLog -- Shield Funding, one of the leading providers of business loans to small businesses since 2006 announces a $50 million credit line for their new small business initiative. The new line of credit has been established in partnership  with several institutional investors to make a variety of business loans in the range of $10 thousand to $250 thousand readily available for small business owners across the country. Both male and female owned companies are eligible and there will be no charge for the business loan applications. This $50 million will be the first installment in the initiative and will likely be followed by a significantly larger credit line based on the success of the program.  

The additional working capital will compliment Shield Funding’s existing funding portfolio and make the company a clear leader in the small business lending industry. The company’s president and CEO Sam Baitz said, “The overwhelming demand by our continually growing customer base was the impetus for reaching out to our funding partners to launch this initiative.” The economy is clearly establishing positive trends and the company believes that launching the small business initiative at this juncture will allow small business owners to take advantage of the growth opportunities that are available. The additional clients will improve the company’s brand recognition and their overall market share in the current marketplace.

The business loans will be made available to small and medium sized business owners that are looking to develop and expand their existing operations. All of the loan options will be unsecured and distributed through the variety of business loan options the company offers. Additionally, due to the company’s expanded financial resources the initiative will also assist small business owners in a variety of industries that are currently experiencing credit problems. Sam Baitz added, “There are a lot of good companies out there that can be great companies with the right financial backing.” The company emphasized that as the economy continues to improve it is likely that those companies with credit issues will also improve making them better business loan candidates than their current credit data indicates.

The continuously tight credit markets have steadily contributed to the growing demand for business loans. As the economy improves it is likely that the demand for financing will grow, and most banks will have to remain on the sidelines until the economy re-establishes a healthy financial picture. This scenario has made the small business loan initiative necessary for both the borrowers and Shield Funding.

For business owners that are interested in the program they can visit www.shieldfunding.com or call (888) 882-6117.

About Shield Funding: The company was founded in 2006 and has been a leader in the alternative business loan industry for almost a decade. Shield Funding has locations in both New York and California with more than 50 employees. Some of the alternative business loans they offer are ach business loans, business cash advances, small business loans for women, and a variety of unsecured business loans that are structured to compliment the borrowing company’s financial structure.