How Can Small Businesses Get Last-Minute Funding?

July 22nd 2019 at 6:39pm Published by sharpshooteradmin

It’s every small business owner’s worst nightmare: a weather disaster, client issue, or production error plunges their company so deep into the red that only a quick infusion of new capital can save the operation from falling into a financial calamity.

Starting a small business comes with many challenges, and even the most promising companies are bound to face a delicate tightrope walk between growing their brand and expanding their client base while making sure all the bills get paid.

In this situation, it doesn’t take much to throw you off balance, and small business owners are often put into positions where a bit of fast funding can mean the difference between their company’s survival and its dissolution.

Unfortunately, securing last-minute funding isn’t easy, and even if a bank is willing to extend funding, it may take longer than you have for it to be approved.

So what can a small business owner get hold of the funding they need in a timely fashion? Here are four reasons to check out alternative funding options from Sharpshooter Funding. 

1. We Work as Hard as You Do

It is no secret that small business owners work hard — according to Forbes magazine, 86% of small business owners work weekends, and at least a third work more than fifty hours a week. More than half work on major holidays.

Small business owners put in these hours because they understand that this is what they need to do in order to become successful and because they are passionate about the companies they are building.

So it can be a bit frustrating when you get a phone call on a Friday night explaining that the office has been flooded, or an important contract has fallen through and knowing that the earliest you can arrange a bank meeting is on Monday morning.

That is why, unlike the banks, SharpShooter Funding works seven days a week. We know that you can’t always control when you’re going to need to unlock new tranches of funding, which is why we make sure you can file an application for funding at any time and receive a timely response no matter what day of the week it is.  

2. We Offer a Fast Turn-Around

When unforeseen circumstances force you to look for new funding streams, you can’t afford to sit around waiting for your application to be reviewed — you need to know what options are available to you now.

Many business experts have commented on the fact that one of the things that give large companies an edge over smaller ones is the fact that they can afford to take more losses for longer without going under. This gives them the flexibility they need to weather a crisis without folding.

One of the first things you will learn about your small business funding options through SharpShooter Funding is that we are constantly reviewing funding applications. Sometimes we can even approve a funding application within twenty-four hours of receiving it, making it easy for small businesses to unlock the funds they need in order to stabilize.

If you are interested in learning more about the approval process and what we look for, check out our website for more information.

3. We Approve 75% of Applications

The obstacles that keep small businesses from receiving funding are well-known to anyone with experience in the small business world. Major corporations can access huge amounts of capital through a single phone call, but budding entrepreneurs have to sweat for every penny they get.

This discrepancy is one of the major reasons why it is so hard to get a small business of the ground in Canada, and it is also why a few big-name companies control so much of the market.

One of the reasons the SharpShooter Funding approach prioritizes flexibility and speed is because we understand how uneven the playing field already is for small businesses, and we want to do everything we can to help small businesses get the funding they need to prosper.

This is also why we approve 75% of the funding applications we receive. We believe that providing adequate funding to small businesses with big ideas is essential for revitalizing the economy, which is why we have been committed from the very beginning to fighting for the little guy.

4. We Give You Full Transparency  

One question everyone looking for business funding needs to ask, of course, is what that funding is going to cost. Getting emergency funding to help tied you over through a difficult period can be incredibly helpful, but not if it ends up coming with huge hidden fees that will make long-term recovery even more difficult.

This is why the Sharpshooter Funding approach involves full transparency: no matter what you need the funding for, we provide clear guidelines for all costs involved in the funding agreement, and how you can manage your payments efficiently to ensure you don’t get stuck with a massive bill for a lump-sum amount.

If you explore the funding options we outline on our website, you will see that all of the costs are available to you upfront in black and white, giving you the opportunity to make a fully informed decision before applying for funding.

Small businesses are an essential component of the Canadian economy — a staggering 98.2% of Canadian businesses have less than one hundred employees. At SharpShooter Funding, we understand that keeping Canadian small business healthy means ensuring that business owners have the funding they need when they need it.

That’s why we work seven days a week to unlock funding options to small businesses from sea to sea to sea. Fill out a funding application or give us a call today to find out how SharpShooter Funding can help your small business thrive!