Five Reasons Why We Love Alberta
February 20th 2020 at 4:38pm Published by sharpshooteradmin
At SharpShooter Funding, we love providing our expertise and funding to small and medium-sized businesses across the country. After all, most businesses in Canada are small to medium-sized firms and generate the services, jobs, and dollars that help our economy command respect across the world.
If you ask us if whether we have a favourite province, we’ll honestly tell you that we love the unique business flavours of each corner of the country equally. As experienced and reputable small business financing specialists we know that there are amazing business opportunities in every province of Canada. However, we must admit that there’s plenty to love about Alberta.
#1 Bret “The Hitman” Hart
One of the biggest reasons we love Alberta is a personal one. Our partner, writer, actor, and Canadian wrestling icon Bret Hart is a product of Calgary, Alberta. Born in a wrestling family, he learned his amateur wrestling craft from some legendary Canadian wrestlers. After making a name for himself in Stu Hart’s Stampede Wrestling, he went on to become a household name in pro wrestling, headlining countless main events.
In a way, Bret Hart’s fighting spirit encapsulates Canadian business culture. Bret Hart made a name for himself at a stage when big and powerful men such as The Undertaker, Yokozuna, André the Giant, and Hulk Hogan dominated the ring. Using his technical know-how, resourcefulness, and tenacious nature, he went toe to toe with such performers and came out with a total of 32 championships in his career.
Canadian businesses are a lot like Bret Hart; innovative, resourceful, and tenacious. In the face of big competitors from across the border, our small and medium-sized companies hold their own.
#2 Low Taxes
It’s a great time to start a business in Calgary, with no taxes on sales or payroll, lower income taxes, the lowest fuel tax among provinces, no health care premiums, and corporate tax cuts. The Alberta small business income tax is just three percent for eligible companies with an income of $500,000 or less. What’s more, Alberta has no inventory, machinery or equipment tax.
The province is a great place to do business because of its near perfect location to some of North America’s most powerful financial hubs. Alberta is a few short hours away from Vancouver, which has given birth to renowned start-ups like Flickr, Slack and Hootsuite, hosts new start-ups that are raising millions of dollars, and is attracting more start-ups from across the border. Alberta is also close to major American cities that love doing business with Canada for the products, services, and exchange rate.
That’s not all. Calgary International Airport has connections to over 100 destinations and direct flights to over 82 cities across the world, including business hubs such as Tokyo, Beijing, Zurich, and Mexico City. It’s also Canada’s second busiest airport for air cargo flights.
The statistics are equally impressive for ground transportation. Businesses supplying customers by ground can access 50 million people in a day with the stellar ground transportation services in the city.
Newcomers moving to Alberta to start a small business will find that it’s a very attractive province to live in. It has the stability, health care, culture, infrastructure, and environment to support any lifestyle.
#4 Business Culture
According to The Banker Database, eight of the top ten world banks and nine of the top ten investment banks have a presence in Calgary. And according to Statistics Canada, Calgary has the highest GDP per capita of any major Canadian city.
With over 100 head offices, Calgary hosts more head offices per capita than any other city in the country. It also has the highest concentration of small businesses compared to any major city in Canada. If you want to start a business and are looking to work with educated, hardworking, professional, and experienced people, then Alberta is a great option.
Small businesses in Western Canada with credit issues that are in a short-term cash crunch can take advantage of our merchant cash advance services by easily applying on our website. These aren’t typical funding. The transactions are almost completely unregulated and don’t affect credit. Instead, a merchant cash advance is fixed-price funding based on a business’s future sales. Payments on this funding are made daily, are based on sales volumes, and made until the advance and fees are paid in full. For larger funding, businesses can take advantage of commercial funding in Alberta from SharpShooter Funding to realize their growth potential.
The advantage of such fix-price funding is that whether you take three or six months to pay off a merchant cash advance to SharpShooter Funding, the cost remains the same. For example, if you borrow $10,000 and your borrowing cost is 11%, then you must return $11,000 regardless of the time you take.
At SharpShooter Funding, we’re always honest and upfront about terms and conditions. Businesses accepting merchant cash advances should be cautious about accepting a merchant cash advance from an unscrupulous funder. Such predatory funders try to hide massive interest rates that place borrowers in debt traps. It’s not unheard of for such funders to charge interest rates over 100%.
#5 Hunger for Opportunity
Facing a temporary downturn, the market is ripe for innovation while businesses in Alberta are hungry for new opportunities. Already, the province is bouncing back with better employment numbers for many groups. The Conference Board of Canada forecasts a solid rebound for the province through 2020.
Alberta is full of business opportunities for small businesses seeking other types of short-term funding from alternative funders. Another stopgap solution we provide is bridge funding. This is small short-term business funding provided to businesses that need money for emergency repairs, equipment, operation costs flow. It can also be used to take advantage of small business opportunities, such as buying discounted inventory or tools for an upcoming busy season.
Also known as gap financing, bridge funding helps fill the gap between your regular payments. Not only is bridge funding low risk, easy to attain, fast, and flexible, but it can help you build your credit.
These are some reasons why we love Alberta. Whether you’re a small business owner in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, or Northwest Territories, Nunavut and Yukon, you can connect with our expert team at SharpShooter Funding to exploring options that can help your business meet immediate financial needs or plan for the future.