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, in part because banks are reluctant to take the risk.
If you are a small business owner trying to figure out a sustainable path toward future growth, here are a few reasons why long-term funding can play a transformative role in helping you succeed, and some of the ways alternative funding from partners like SharpShooter Funding can help your small business get the long term funding it needs.
What Long-Term Funding Makes Possible
You often here people who are struggling with money talk about how expensive it is to be poor. While this at first sounds pretty laughable, once you look at the numbers it becomes very clear how true it is: if you don’t have the time and resources needed to make smart financial decisions, you will probably face a lot of penalties that more affluent people can avoid.
It’s the same for businesses. Large corporations have access to almost unlimited credit, which means that they can take risks and move quickly on opportunities that smaller businesses would need to get funding for.
Because they don’t have the same kind of liquidity, it takes longer for small businesses to secure funding, and this puts them at a huge disadvantage. While a small business may be able to access short-term finds to tide them over, this won’t let them undertake the kind of planning that is possible with long-term funding.
For example, these are just a few of the things a business can do if it has at least twelve month’s worth of funding:
- Guarantee production for the upcoming year
- Leverage private funding to get public grants
- Hire full-time staff
- Expand into new markets
- Invest in better equipment and technology
Clearly, long-term funding is essential to viability and growth. So what can you do to make sure your business will be approved for this kind of financial aid? Securing support from alternative funding groups is one of the best ways to ensure that you are not caught short by a lack of long-term funding, and you can click here if you want to know more about the SharpShooter Funding approach and long-term funding options.
We offer complete upfront transparency around what our funding packages involve, so you know exactly how payments are structured and are never caught off guard by hidden fees. And because we offer a variety of term options, you can choose the funding window that works best for you.
With SharpShooter, Long-Term Funding is Flexible and Easy
As this article in the Financial Post explains, when it comes to getting funded, small businesses usually only have a handful of options. In most cases, a company just starting out will do one of the following things to get enough capital to get off the ground:
- Raise the money themselves
- Get a bank loan
- Borrow from friends and family
- Crowdfund through the Internet
- Find an angel investor
All of these options take time: even getting a bank to approve you for a business loan doesn’t happen overnight, and if you decide to crowdfund or raise the money on your own, it could take months or even years.
Not only that, but in each of these cases fundraising also involves a lot of specialized fundraising work, which not all entrepreneurs are equipped to do, and in the case of finding angel investors, it could even mean handing over partial control of the company.
So what is a small company to do when faced with all these limitations? Fortunately, alternative funders like SharpShooter Funding can help you secure the financial support you need quickly and easily.
As SharpShooter partner Bret “The Hitman” Hart put it in this recent interview, alternative funding providers like SharpShooter exist to help “the little guy,” small businesses that are struggling to get off the ground and just need the right funding package in order to become truly successful.
As part of our commitment to the little guy, we have designed our funding process to be as flexible as possible, so you aren’t left waiting for weeks to find out whether you were approved for funding or not.
All you need to do to be considered for financial backing from SharpShooter is submit an online application form for review by one of our funding specialists. Unlike banks, we work every day of the week, so once we receive your application, we will process it as quickly as possible to unlock your funding faster.
We approve seventy-five percent of the applications we receive, and in some cases, we can even provide approval for long-term funding within twenty-four hours, which means you can start putting your plans for growth into play immediately.
Most people start a business because they have a great idea they want to share with the world. But making a dream a reality requires more than just imagination and energy: it also takes the kind of long-term financial backing that can allow you to grow your client base and take advantage of opportunities without worrying about going broke.
Getting this kind of funding from the banking sector is still a major challenge for most start-ups, so if you want to get long-term funding quickly and without the headache of going through a traditional financial institution, start filling out an online application through SharpShooter Funding today. You may be surprised at how easy it is to start making your dreams come true!
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This post was written by sharpshooteradmin