If you own a small business, it is highly likely that you are going to need access to some form of short term funding at some point in your career.
Whether a quick infusion of capital is needed to deal with unanticipated losses, or to keep the lights on between contracts, having access to reliable and responsive short term funding options can be a lifeline for small business owners.
But if you have any experience trying to secure small business loans in Canada from a major bank, you are probably all too aware of how challenging it can be to get short term funding — especially if financial issues in your past have negatively impacted your credit score.
The good news is that there are a growing number of options for Canadian small business owners who want to meet their short term financing goals without going through the bank.
Small business funding companies that use different formulas and offer different funding routes have become an increasingly vital part of the Canadian small business landscape, and from early on, SharpShooter Funding has distinguished itself as one of the most dynamic and responsive of these companies.
If you are tired of being turned down by big banks, here are three reasons to explore the alternatives we offer at SharpShooter Funding and how they can help you build a thriving business.
SharpShooter Funding Gives You Lots of Options
Just as there are lots of reasons why a small business might go looking for short term funding options there are many different ways that those funding needs can be met.
When you compare our small business funding options vs the big banks you will find that we can offer all the same kinds of funding you’ll find at a larger financial institution (including loans and lines of credit) while also giving you access to a wide range of other alternatives.
At SharpShooter Funding we offer Merchant Capital Advances, term loans, and invoice factoring on top of more traditional lending options, which means you can choose whichever form of funding fits your business model and cash flow situation best.
For example, Merchant Capital Advances, one of our most popular funding products, let you purchase a tranche of funding at a fixed fee, which you can start paying for in small instalments right away. Not only does this provide you with the capital you need, but it also gives you a manageable way of paying for it.
If you have any questions about the financing options that SharpShooter Funding offers, get in touch with us to find out how we can help your small business meet its funding goals.
We Can Process Your Application Quickly
At SharpShooter Funding, we don’t just offer a bigger menu of funding options: we also offer a more streamlined approach to applying and getting approved for short term funding.
Because we work seven days a week, we always have funding specialists on hand to help review applications and prepare funding packages. This means that you can get funded faster, and without the hassle of preparing huge amounts of paperwork that you have to bring into a bank on a weekday.
This makes SharpShooter Funding ideal of situations where you need the money as soon as possible, and can’t afford to spend weeks waiting for an appointment with a financial institution that may not even approve you for the funding you need.
We Offer Flexible Payment Options
One of the most common challenges of running a small business is uncertainty: you don’t always know what things are going to look like in six months. This can make borrowing a fraught experience — can you really afford to lock yourself into a funding package if the cost can fluctuate significantly in the coming months?
We understand that many small businesses may need to renegotiate the payment plan for their funding package from time to time, and we have designed our funding options to offer Canadian small business owners the room they need to grow.
We also provide full transparency around all costs involved, so you know exactly what your expenses will be before you apply for funding. If you check out our website, you can quickly learn more about the different tranches of funding available, and how the payment plans are structured.
And if you realize a few months down the road that you need to work out a different timeline for paying for your financing, we have options available to make payments easier.
At SharpShooter we understand that small businesses don’t have the same liquidity that larger companies have, which is why we offer a lot more flexibility than larger financial institutions. Start your application today to learn more about how it works!
Since the Great Recession of 2008, many small businesses have found it harder than ever to get the short term funding they need through traditional financial institutions. And even when they are approved for funding, the bank has all the power and can set whatever terms they like.
For this reason, if you need short term funding to take advantage of a business opportunity, make up for volatile sales, or purchase new equipment, alternative lending from SharpShooter Funding can be a game-changer.
Our application is easy to fill out, and we’ll get back to you quickly so you can get the money in your pocket faster. And because we approve 75% of all applications, if you run a small business in Canada and you need some quick capital we are your best bet for securing short term funding at a reasonable rate.
Get in touch with SharpShooter Funding today to start your application!
Categorised in: Blog
This post was written by sharpshooteradmin