6 Key Advantages of Partnering with Us

January 20th 2020 at 2:49pm Published by sharpshooteradmin

If you’re the owner of a small business and are looking for funding in Canada, then you’ve probably heard of us. Since 2015, we’ve been helping small businesses with smart funding solutions and top-notch service. We’ve also teamed up with wrestling icon Bret “The Hitman” Hart – a Canadian legend who knows a little something about the ‘excellence of execution’.

After comparing us to traditional funders like big banks, you may have wondered: “Why SharpShooter Funding?” Here are some key advantages of partnering with us:

#1 We’re Small Business Financing Experts

At SharpShooter Funding, we give you rapid access to the appropriate capital solutions by leveraging cutting-edge data science, technology, partner relations, and customer support. We’re a team of experienced, skilled, and qualified Canadian business funding experts with a unique insight.  

#2 We’re Experienced

Although we only started in June 2015, we’ve already provided fast, flexible, and reliable small business funding in Canada to over 2,300 businesses across 230 industries, including higher-risk industries such as trucking and construction, and helped them realize their potential. We’ve worked with everyone, from retailers and repair shops to physicians and restaurants. The only industries we don’t fund are those related to adult entertainment, gambling, firearms, or illicit substances.

#3 We’re Reliable and Transparent

We take pride in being truthful, transparent, and customer-focused. All terms and conditions will be presented to you clearly. What’s more, we take measures to protect your information by making privacy protection and data security a priority.

We are also well-reviewed. You can check our testimonials page for pages upon pages of 5-Star feedback from small businesses that needed funding for a variety of reasons and were impressed by the easy application process. 

We set clear goals, achieve positive results, drive impactful change, and view challenges as opportunities. While we love to celebrate success, our business financing processes are consistent and predictable. We’re passionate and strive to streamline the process but we’re also detail-oriented and don’t cut corners.

#4 We Believe in Small Businesses

We’re passionate about helping small and medium-sized Canadian businesses because we believe that they’re the heartbeat of the Canadian economy. According to the Key Small Business Statistics from December 2017, most Canadian businesses are small to medium-sized with less than 500 employees, and the majority of the Canadian private sector works for such businesses. Small to medium-sized businesses pay our taxes, wages, and keep our country moving.

We also know that many such businesses close within their first few years of operation – some for financial reasons. We believe that small businesses that have potential should have a chance to thrive.

If your business is interested in obtaining funding in Ontario or any other part in Canada, then apply through our website to get quick access to the funds your business needs today. We’ll just need your name, contact information, location, and some basic information about your business to get the application started.

#5 We Offer Multiple Options

One of the biggest advantages of partnering with us is that you have multiple funding options. You can find the right one based on the strengths, needs, and goals of your business:

  • Business Bridge Funding: A business facing an unexpected expense that affects its ability to operate can use this option to bridge the gap until its next payday or regular financial installment. For example, such funds can help with emergency repairs, supplies to meet a spike in demand, or the cost of an unexpectedly high shrinkage. Such funding is usually small and easier to repay.
  • Short Term Funding: This is an advance that can be repaid anywhere from 3 to 17 months, and can help a business cover cash flow gaps, fund expansion, or pay for an emergency. It’s a good option for a business without the business history, credit score, or cash flow to secure larger funding, and can help rebuild credit.
  • Long Term Funding: We provide long term business funding in amounts up to $250,000 to help businesses manage their operational costs and plan growth by investing in their present and future. To qualify, a business needs $120,000 in annual revenue, 12 months in business, and a 620+ personal credit score. It has low-interest rates and can help improve credit scores.
  • Merchant Cash Advance: This is a fixed-price funding based on a business’s projected sales. It’s ideal for a business with credit issues in a short-term cash crunch that doesn’t need the funds for operating expenses. It’s repaid daily until it and the funding fee are completely paid off. The size of the daily repayment sum depends on the sales volume. Since a merchant cash advance is unregulated, it doesn’t affect your credit. However, some cash advance issuers can charge massive interest rates above 100% because of this. That’s why businesses should see the APR and the expected monthly payment before accepting such an advance.  

#6 We Are Fast and Flexible

According to the Small Business Association (SBA) of Canada, nearly 75 percent of small businesses seek funding within a given year. Often, they need this funding fast. However, when they go to a bank, they may have to wait months for their application to be processed. After being approved, they must wait longer access the funds. By this time, it may be too late.  

Banks are usually risk-averse. They may demand a long business history, a good credit score, positive cash flow, and collateral. Many small businesses, especially new ones, can’t satisfy these demands.

At SharpShooter Funding, we process applications usually within 24 hours and approve over 75% of the applicants. If your business is approved, we provide the funds within 24-72 hours. We offer Canadian funding between $1,000 to $300,000 depending on the state of your business’s health and your needs.

We don’t just rely on traditional financial metrics. You don’t have to have a stellar FICO score to get approved by us. We work with your Canadian business to assess your fiscal health and potential and then suggest the right funding program.

These are six key advantages of partnering with SharpShooter Funding. For more information about how we operate, please read the frequently asked questions about small business funding on our website. We’re an ideal alternative funder because we’re fast, reliable, look beyond conventional funding metrics, and believe in small businesses.