Sole Proprietorship Business Funded by SharpShooter Funding
September 16th 2019 at 10:10pm Published by sharpshooteradmin
I have added to my company a new staff and several vehicles with a lot of equipment. I did not do enough of my invoicing and billing last year so I was in a cash crunch for the Holiday in case for parts in a emergency. Everything we have is paid for and yet my bank would take a few weeks for an approval for a loan. So I went to for an offer of $19,000 by a private lender. But I need to get to my accountant to give last two years. I am a sole proprietorship. So even though I gross over $720,000 a year I show earnings of only $68,000. That is the only figure they will use. At 38 years of age am not going to call my mother for it. But in just 24 hours SharpShooter Funding had approved my business for $39,000 and wired to my account. I am very satisfied and would recommend to any business in Canada. Please note I have over 10 vehicles and $400,000 in assets. And over $120,000 in equity. It all means nothing to a bank. Only worth the $68,000 as I operate as a Sole Proprietorship.