11 Compelling Reasons Why We’re the Best Funding Option for Small Businesses
June 13th at 10:36am Published by sharpshooteradmin
Usually, when a small to medium-sized business looks for funding, it considers many options such as traditional banks, angel investors, crowd funders, and family or friends. Certainly, each option has its share of advantages and disadvantages and must be carefully considered.
However, a new option has been steadily growing in popularity for the last few years in the shape of online funding. If you’re looking for small business funding online – then turn to the specialists at SharpShooter Funding. Here are some compelling reasons why we’re the best funding option for small businesses:
#1 We Believe in Small Businesses
We know that small businesses are the driving force of the Canadian economy. They pump tax dollars into the country, employ countless Canadians, and offer innovation and essential services. That’s why we’re so passionate about providing them with great solutions and services.
#2 We Use Cutting Edge Technology
We help Canadian businesses succeed by leveraging our leading-edge data science, state of the art technology, partner relationships, and our focus on customer support to give them access to the right-sized capital solutions.
To find more resources for small businesses in Canada you can visit our page to learn more about how the Chamber of Commerce, Business Development Bank of Canada (BDC), Canadian Association of Women Executives & Entrepreneurs (CAWEE), Canadian Federation of Independent Businesses (CFIB), Enterprise Toronto, or Small Business BC can provide essential support. You can also find several essential blogs offering invaluable business advice.
#3 We Don’t Use Traditional Metrics
At SharpShooter Funding, we don’t use traditional metrics when reviewing your application. Instead, we look at your business’s overall health. We focus on your strengths to find a funding package that meets your needs. Compare this to traditional banks that can demand collateral, strong cash flow, excellent credit score and long business history.
#4 We Approve Most Applications
For a small business, it can be frustrating to apply for funding from a bank, especially if they need funds quickly. According to the Federal Reserve Bank of New York’s Small Business Credit Survey, the average funding approval rating of large financial institutions ranges between 13 and 20 percent.
At SharpShooter Funding we approve most applications. If your business needs funding, then give us a shot. We approve 75% of the applications that get sent our way.
#5 We’re Quick
It can be disheartening for a small business to have its application rejected after waiting for so long. Some big-name banks can take two to four months to approve an application and provide the funds. At SharpShooter Funding, we understand that a small business can have immediate needs. We usually process applications within 24 hours and provide funds within a few days.
#6 Our Applications Are Pain-Free
Many small businesses confess that funding applications from traditional funders can be frustratingly long and somewhat confusing. At SharpShooter Funding, application forms for many of our funding options are simple. You can get pre-approved in minutes by filling out your first name, last name, phone number, email address, business start date, average monthly revenue, the amount of money you need, and when you need it.
We understand that many small businesses are rejected by big banks when applying for funding because their company doesn’t have to meet the credit score threshold. Such businesses can be wary of applying for funding in general because hard credit inquires can undermine their credit scores.
If you’re trying to build credit, then don’t worry. We’re constantly working on improving our service to better support your small business funding needs. The SharpShooter Funding soft credit pulls are gentler credit pulls that don’t impact your credit score. What’s more, our improved security systems improve the safety of your business data. With SharpShooter Funding, your information is more secure than ever before.
7. We Provide Many Funding Options
At SharpShooter Funding, we realize that every small business is different. Just like every small business can have different strengths, they can also have different needs. We offer long-term funding, short-term funding, business expansion funding, flex funding, bride funding, merchant cash advances, to name a few options.
We also meet the unique needs of businesses looking for start up funding in Canada by providing up to $150,000 at reasonable interest rates in as few as two weeks with funding terms of six months to four years. Our start-up funding option is great for businesses with limited financial history looking for quick access to cash with equipment that can be used as collateral. We also provide great support, whether a Canadian start up is interested in BDC funding, business credit cards, small business grants, or funding through friends, family, or crowdfunding.
8. We Offer Flexible Repayment Terms
We try help you find a funding package with manageable repayment terms that suit the peaks and troughs of your business. For example, if your business lacks credit, then you may find a suitable funding package based on your personal credit. We set clear goals, achieve positive results, and drive impactful change. We celebrate our successes and view challenges as opportunities.
9. We Believe in Clarity
Regardless of the type of funding you seek, we offer complete transparency in terms of terms and conditions. From the interest rate to the repayment date, we leave nothing out. Compare this to other funders that may hide terms in order to place businesses into debt traps.
10. We’re reputable
Even though we were only established in 2015, our financing experts have already helped thousands of businesses across hundreds of Canadian industries, including eateries, healthcare, daycares, transport, manufacturing, landscaping, fitness, auto, retail and more. Visit our testimonials page to see what the satisfied customers of SharpShooter Funding have to say.
11. We Support Every Province
Our goal is to help any small to medium-sized business in any corner of the country. Businesses in Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Nova Scotia, Ontario, Prince Edward Island, or Northwest Territories, Nunavut and Yukon can apply for funding through our website. Our friendly, experienced, and qualified experts understand the needs and strengths of every part of Canada.
These are just some of the compelling reasons why we’re a great option for small businesses seeking funding in Canada. We’re fast, transparent, passionate, professional, adept, and resourceful. Whether you need a quick injection of funds or a long-term option to sustain growth, give SharpShooter Funding a shot.