Small Business Funding in Nova Scotia

Here in Nova Scotia, each and every community is home to a fleet of small businesses providing everything from crucial groceries and auto parts to sports therapy services and app development. This is Nova Scotia in the 21st Century, and this is the market that SharpShooter Funding is working hard to support.

We believe that small and medium-sized enterprises are critical to the ongoing health of Canada’s economy. These businesses employ so many people, and contribute such a vast amount to society, that we should not understate their importance. Yet, despite this importance, so many of these businesses are not getting the funding they need.

So, why is this? One reason is that mainstream funders are cautious about offering capital to small businesses, many of which are just starting out or have not been established for very long. Another reason is that many small businesses operate in relatively niche industries, and they cannot find funding providers with the relevant experience to work with them.

This is where SharpShooter Funding makes a serious difference to Canada’s SMEs, not least here in Nova Scotia. We offer a range of different funding options, including cash advances, that even businesses with bad credit can take advantage of. We also employ an experienced team that works with businesses, getting to know their needs and then making sure these needs are met.

Read on to discover more about what makes SharpShooter the ideal choice for small business funding right across Nova Scotia.

Thanks to its position on the North Atlantic coast, Nova Scotia has been something of a gateway to North America for centuries. As such — while the region may not be as hustling and bustling as Vancouver or Toronto — NS is of huge economic and strategic importance to Canada.

But, as residents and business owners in Nova Scotia know very well, there is far more to this province than the shipping and maritime industries of old. While these industries continue to play a big part in the local economy, the local business scene has become increasingly diverse, especially in recent years.

Year upon year, population centers such as Halifax are seeing increasing numbers of people coming into the city from elsewhere. In 2018, one-third of the population growth of Halifax was made up of people aged between 20 and 29. This demonstrates just how vibrant and exciting the economy has become in terms of opportunity and potential. In the same year, 65% of newcomers to Halifax were international immigrants, showing how important a place like Nova Scotia is becoming on the world stage.

The local government is working to drive this growth. In 2016, they outlined a growth plan that would drive investment and prosperity across Nova Scotia. Targets include pushing GDP to $22.5 billion by 2021 and growing the local labor force to 271,000 by the same point. Small and medium-sized businesses are instrumental in achieving this.

While the arrival of COVID-19 tempered some of the rapidity of Nova Scotia’s growth, there is still a high level of optimism. In June of 2020, the economy of the province opened back up, and the recovery began. One thing that is for certain is that SMEs will be taking a large proportion of the responsibility for driving this recovery.

And SharpShooter will be right there alongside these businesses, offering the small business funding Nova Scotia really needs.