The Number 1 Way for Small Businesses to Get Long-Term Funding

July 31st at 6:42pm

If you are trying to grow a business, you are going to need capital to do so. To take advantage of opportunities for partnership and expansion, you need to be able to scale up operations to access new markets before the increased revenues from those markets become available. This isn’t easy if you don’t have reliable long-term funding. Unfortunately, small businesses in Canada today don’t have many options when it comes to securing this kind of financial investment. According to The Globe and Mail, accessing funding is one of the six biggest challenges facing small businesses that want to grow,…

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What to Do When the Bank Says “No”

July 28th at 6:45pm

If you are a small business just starting to get off the ground, then you’re probably come across the vicious Catch-22 involved in securing initial funding: you need money in order to expand, but banks want to see evidence that you are expanding before you can receive funding. Nothing is more frustrating than putting months of work into formulating your funding pitch and anticipating every possible question, only to have the bank tell you that your business isn’t yet profitable enough to be considered. But what can you do? In a country like Canada, where a handful of banks control…

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How Can Small Businesses Get Last-Minute Funding?

July 22nd at 6:39pm

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…

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Hit Your Funding Targets with Bret “The Hitman” Hart

July 15th at 6:22pm

There’s an old saying that if you want to know what someone is like, you just need to look at who their friends are. At SharpShooter Funding, we take this to heart, which is why we are so proud to work with WWE legend Bret “The Hitman” Hart to provide business funding to the small Canadian companies that are the backbone of our economy. Over the course of a career that lasted a quarter of a century, Bret “The Hitman” Hart become one of the most known and feared names in professional wrestling — and an icon of the scrappy,…

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SharpShooter Funding Inducted into the CLA

July 10th at 10:19pm

Toronto, ON – July 10, 2019 – SharpShooter Funding and First Down Funding join the Canadian Funders Association as general members. First Down Funding and SharpShooter, are proud to become a member of the Canadian Lenders Association and looks forward to adhering to the principles for which they stand. “Membership of the CLA establishes First Down Funding and SharpShooter as trusted brands in the small business funding sector, setting them apart from non-members in the transparent way they conduct business” said Paul Pitcher, the Managing Partner of SharpShooter. The CLA represents Canada’s innovative funding community. They work to facilitate the…

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Ins And Outs Of Credit Report

June 26th at 8:17pm

A credit report is a document that contains information about your financial performance and current credit condition, such as the past of funding payments and the status of your credit accounts. Credit reporting agencies, commonly known as credit departments, gather and archive financial information about you that funders send to them, for instance, financial and credit card companies. Funders use these accounts to help them navigate whether they are going to fund you money and what interest rates they are going to offer. Funders also use your credit report to determine if you are still fulfilling the terms of a…

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How to Improve Your Small Business Cash Flow

June 17th at 10:07am

If you’ve been operating in a business for some time, we expect you to realize by now just how important cash flow can be for your business. If you want to see your business improve it is necessary that you invest in cash flow and take it forward from there. Now, if your business cash flow is not where you want it to be, you should take preemptive measures to correct the situation and make sure that you make improvements over time. You cannot expect your cash flow to suffer for a long period of time, without taking any measures…

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WORKING CAPITAL FUNDING – A DRIVING FORCE OF LOCAL BUSINESSES

June 10th at 5:26pm

Cash flow is the life force of the business, but having a massive deposit in business account is challenging for local business owners. However, this cash flow can be obtained through financial support through alternative funding organizations. As they not only provide professional guides but offer multiple funding for the growth and establishment of local businesses. As all the credits are organized mainly to fulfill every need of new business but they are distinct from each other due to their usage. However, the highly preferable funding is working capital funding as it is an immediate provision of cash that are…

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