Our Funding Options Help Businesses Across a Variety of Industries
February 17th 2020 at 4:33pm Published by sharpshooteradmin
At SharpShooter Funding, we have been in the business of funding small and medium-sized Canadian businesses for several years with thousands of satisfied customers. Small businesses can rely on us for our variety of smart funding solutions and world-class services.
Whether business needs short term funding, long term funding, small business funding or funding, our expert staff can provide fast and useful solutions. We respond in a few business days and approve 75% of all applications. Once approved, funds are provided quickly.
Compare this to traditional funders such as the big banks that can ask for a good business credit score, excellent cash flow, years of profitability, and collateral before taking over a month to process an application. Even if a small business satisfies the requirements, a bank may take more time to provide the money. For a small business in a temporary financial crunch, this can be a paradoxical situation. Small businesses are unable to secure funding from traditional funders because they aren’t in the position to qualify, and they aren’t in the position to qualify because they can’t get funding.
At SharpShooter Funding — our team of experts see beyond traditional metrics and look at your business’s overall health. Regardless of your business history, credit score, sales figures, assets, SharpShooter Funding tries to find a solution that matches your business’s needs based on its strengths.
For example, if your new business doesn’t qualify based on its credit score, then you can try to leverage your personal credit for funding. Likewise, if your business doesn’t qualify for a long-term funding, then the answer could be a short-term funding that meets your immediate needs and can be repaid quickly to build credit.
We’re passionate about what we do because we believe small businesses are the driving force of the Canadian economy. Most Canadian businesses are small to medium-sized businesses with less than 500 employees. Around 90% of Canadians work for such businesses. This makes small businesses the biggest private labour force employers in the country.
One of our most popular funding options is fixed financing for small businesses that offer between $4000 and $300,000 in just 24 hours. Applying for fixed financing is a less stressful process compared to other financing options for the following reasons:
- Rather than credit, this funding is based on your daily transactions and ongoing cash flows.
- The application process is through a fast and easy-to-use online form
- You are verified quickly
- No physical documentation is necessary
- You’ll be able to access your funding in two business days
As SharpShooter Funding, we also offer short-term funding, long-term funding, bridge funding, commercial funding, merchant cash advance, business expansion, flex funding, unsecured business funding, and working capital funding to small businesses across a variety of industries.
- Hotels and Bed & Breakfasts
- Dental, medical, chiropractors and other health services
- Bars, cafes, restaurants, bakeries, catering, and food stores
- Beauty salons and spas
- Party stores and nightclubs
- Wholesale and convenience stores
- Automotive industry and auto shops
- Construction, electricians, plumbers, roofing contractors, painting, and HVAC services
- Online and traditional retail
- Fitness clubs
- Daycare businesses
- Limousine services
- Painting services
- Pet stores
Fast funding can help such businesses in the following ways:
#1 Repairs, Maintenance, or Upkeep:
It’s ill-advised for businesses to put off important repairs, maintenance, or upkeep. Not only can this affect revenue, but it can result in liability problems. For example, concrete companies that use powerful tools must keep them in pristine condition to avoid mishaps. Here, bridge funding can come in handy before the next tranche from a conventional source kicks in.
#2 Hiring and Training
A business that’s experiencing employee turnover or is expanding will need to hire and train new employees or risk losing business. For example, a young dental clinic can use a merchant cash advance to quickly hire and retrain new staff after experiencing employee turnover.
#3 Equipment or Inventory
Seasonal small businesses that are expecting a busy season may suddenly need new equipment. For example, a snowploughing business may consider buying a second truck with commercial funding if the weather forecast for the season indicates new opportunities.
#4 Operational Expenses
Businesses that have experienced an unexpected slow period and are struggling to pay salaries, bills and other operational expenses cam do so with short-term funding. For example, a restaurant that has lost business because of a health scare may need funding to pay salaries until business picks up again.
A small business that has a long history of profitability, a good credit score, and is generating a high sales volume may need funding to expand. For example, a beauty store that is always booked may consider opening at a second location and will require business expansion funding to help with rent, training, staffing, equipment, and marketing.
At SharpShooter Funding, we also love funding start-ups. After all, many experts say Canada is a tech hub for 2020 with Toronto being dubbed the Silicon Valley of the North. Toronto has an annual gross domestic product of $52 billion, with some 14,000 tech companies, more than 65 incubators, and was the only Canadian city to make the shortlist for Amazon’s HQ2.
For potential start-ups, we offer a start-up business funding program. This funding is in the maximum amount of $150K on a term of six months to four years with interest rates from 7.9% to 19.9%. It’s an excellent option for start-up business owners with limited financial history who can offer equipment as collateral and need quick access to cash.
To qualify for start-up funding your business should be at least 6 months old with a credit score of 766 or more. Your approval will be based on your personal credit and your expertise. You’ll need to provide a driver’s license, credit report, bank account number, and equipment quote.
SharpShooter Funding can also guide you if you’re considering BDC funding, business credit cards, small business grants, or crowdfunding. For small businesses looking for other funding options, SharpShooter Funding offers long and short-term business funding in Ontario that can help your start-up flourish. With the government reducing taxes for small businesses, Ontario is a great place to start a company.
Regardless of the nature of your business, at SharpShooter Funding we have a funding option that will match your needs. What’s more, we approve most applicants and provide funds quickly. To apply, simply use the form on our website. Feel free to contact us in case you have any questions or concerns.