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"I didn't think I could get the money needed to buy the new equipment for my diner. Thank you Loan Shepherd for helping me find a lender that was more than willing to assist me."  

-Jennifer R.  Columbus, OH

You've Got Questions?

...We've got ANSWERS!

The minimum loan amount is $5,000 up to a maximum of $1,000,000

What type of Businesses can you help?

We are able to help all types of established businesses such as; Restaurants, Bars, Hotels, Nightclubs, Book Stores, Medical Establishments and more!    

                  to see some of the businesses we can help.

How much can I borrow?

My credit is bad. Do I need to have perfect credit?

Perfect credit is not a requirement!

Do your Lenders have competitive programs for Merchants that have a strong business and good credit?

Yes! Our Lenders provide several programs designed to meet the needs of the stronger Merchants.

What are the minimum requirements, to be eligible for a business loan?

There are three main requirements.

  1) Most of our lenders require a FICO score of at least 551 which is very low by industry standards.

  2) Your business needs to be established and operating for at least 30 days.

  3) Must have a minimum amount of $100,000 in annual sales.

(There is one exception: If you have less than 1 year in business, the minimum is $125,000)

What can I use the loan money for?

Loans can be used for any business related purchases. For example: Renovations, Expansions, Equipment Purchases, Advertising, Taxes, and Payroll, to open up another location or to simply stabilize cash flow. Our Lenders will help you any way they possibly can!

Am I able to get a Working Capital Line of Credit?

Yes! Simply ask your LoanShepherd Lending Agent.

If after reading this entire FAQ page and you still have a question, please contact us via email.

How do I contact you if I have a general question, or if I wanted to make a comment or testimonial?

What are the interest rates?

When it comes to determining interest rates, a lot of that will depend on you. It depends on your credit score, how long you’ve been in business and your annual sales. The interest rates are typically between bank rates and a cash advance.

A cash advance is paid through credit card sales. The lenders that we work with offer a variety of programs in order to provide you the most competitive rate possible.

Will repayment of the loan be tied to my credit card processing?

No. Our LoanShepherd Lenders DO NOT collect any payments via your daily credit card receipts, so you are not required to change credit card processors. Our Lenders offer rate savings of up to 50% over many cash advance companies.

How long does it take to get approved?

Approval times do vary with our lenders but are typically between 24 and 48 hours.

How soon can I have my money?

The loans with our lenders usually close between 5 to 7 business days. Again, this is largely dependent on you. If you are asked to send in any documents, please submit them in a timely fashion to allow your Loan Agent to work towards his or her goal of getting your loan approved and your funds to you as fast as possible.

Can I pay back the loan early without penalty?

Yes! Early Payoff options are available on all loans. Your lending agent will discuss the details.

Can I choose a payback schedule?

Yes! Each lender we work with does offer various re-payment options.

What makes LoanShepherd.com so great?

Good Question! We are a one of kind business loan referral service! Our agents strive to provide a financing solution for you and ultimately work harder than most other lenders.

Is the interest I pay on my loan tax deductible?

Absolutely! For guidance, please consult with your tax professional.

What if I already have an existing loan from a Merchant Cash Advance company or another lender?

Our Lenders are able to pay off your existing loan for you, so you can have one affordable payment.

After I submit the “Shepherd Request Form", how long does it take to get a call back from the lender?

Typically it will take one business day, unless it is a major U.S. Holiday. The agent will try to contact you at or near your ‘Best Contact Time’ as possible. You can enter your best contact number and time by filling out the "Shepherd Request" form below.

Once approved, am I under any obligation to take a business loan?

NO! The loan agent will provide you with detailed information about the loan proposal allowing you to make an informed decision.

Will I have hundreds of Lenders calling me?

No, Absolutely not! Your information is shared with ONE lending company ONLY. An agent from that company will call you the next business day after you’ve submitted your “Shepherd Request” form below.

What if the selected lender can't help me get a loan?

This may happen for any reason. For those that we can't help, we may refer you to no more than two other websites/companies that could assist you further. They may contact you via email or telephone. These companies are a last effort to assist you.