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Shield Funding Announces the Small Business Loan Initiative
Shield Funding announces its new small business loans initiative. The initiative will begin with a $50 million credit line established to provide business loans to existing small business owners looking to improve or expand their business.
By: Shield Funding
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 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.