In December 2015, Bret “The Hitman” Hart and SharpShooter Funding© formed the ultimate tag team to pursue a common goal. Our mission was to provide funding solutions to owners of small and medium-sized businesses across the country. Here are a few reasons why we’re so passionate about supporting such enterprises:
#1 They Are the Lifeblood of the Canadian Economy
Before The Hitman became one of the most recognizable names in sports entertainment, he was a young amateur wrestler. Born in Calgary, Alberta, he wrestled at Ernest Manning High School and Mount Royal University, before continuing to make a name for himself at Stampede Wrestling. This helped open doors for him in the WWE, where he became a professional wrestling superstar and represented Canada on a global stage. Bret Hart owes a lot to the country and this is his way of giving back.
At SharpShooter Funding©, we recognize that small and medium-sized businesses are the lifeblood of the Canadian economy. Most Canadian businesses are small to medium-sized companies across a range of industries and employ around 70% of the private Canadian labour workforce.
As financial lenders who specialize in helping small businesses, we provide cutting-edge data science, top-of-the-line technology, partner relationships, and unparalleled customer service.
#2 They Have the Hearts of Champions
When The Hitman joined wrestling entertainment, the industry was dominated by big athletes like André the Giant, Hulk Hogan, The Ultimate Warrior, King Kong Bundy, and others. Each superstar was bigger than the next. Many critics were skeptical that Bret Hart, standing at 6 feet 0 inches, could make an impact. Yet, he went on to hold 32 championships throughout his career, changing the culture of the industry and opening doors for other athletes along the way.
Likewise, small and medium-sized businesses face many challenges, yet thrive against the odds. One of the biggest challenges such companies face is financing. Many new companies close within their first year because of funding gaps.
Unfortunately, the big banks place many hurdles in their way. Not only do they take time to approve loans, but they want to see an impressive business history, a good FICO score, and a strong cash flow. Most new small businesses fail to meet these requirements. Moreover, they can’t afford to wait a month for their application to process.
It’s like the paradox of trying to find employment as a fresh graduate. Employers won’t hire applicants that lack experience, yet experience can’t be gained without employment.
This is where we come in. We provide loans, lines of credits, and cash advances. Unlike the big banks, we are quicker, more efficient, and easier. Contact us today to learn more about how you can get pre-approved in minutes when you apply online without having to worry about hidden costs or charges.
#3 They Are Resourceful
Known as “The Excellence of Execution”, Bret Hart was a seven-time Heavyweight Champion. Not only did he put on some great matches with other technical wrestlers like Mr. Perfect, Shawn “Heartbreak Kid” Michaels, Ricky Steamboat, and “The British Bulldog” Davey Boy Smith, but held his own against giants like The Undertaker, Yokozuna, and Big Daddy Cool Diesel by using his sound technique and resourcefulness.
Similarly, Canadian small businesses find themselves going toe-to-toe with giant brick and mortar and online retailers in the country who have huge supply chains, large marketing budgets, brand recognition, diverse income streams, and the advantage of economies of scale. Yet, they stay competitive because of their ingenuity and doggedness.
At SharpShooter Funding©, we help such enterprises realize their potential with business expansion loans. There are a few signs that a business is ready to expand.
- High Demand: If a business’s products or services are consistently in demand from regular and repeat business, then it’s a good sign.
- Positive Industry Projections: If a business’s industry is forecasted to experience growth, then it could be a good time to expand.
- Proven Track Record: A business that has been profitable for some time and has a track record of success and financial security could be primed for expansion.
- The business can run independently: Fresh small businesses usually rely on their owners for the management of day-to-day operations. Small businesses that are ready for growth have experienced employees and reliable systems in place that allow them to be run without a hands-on approach from the owner. With time on their hands, the owner can successfully plan and execute the expansion.
Although none of these factors alone is a guarantee that a business is ready to expand, they are good indicators. At SharpShooter Funding©, we help established businesses that have the desire and hunger to take the next step. Our funding can help you continue your upward trajectory. You can use the money for inventory orders, working capital, marketing, supplies, training, and office space.
Before a business applies for an expansion loan, they should consider the following:
- They should have a sound business plan for the loan that states where the money will be invested
- They should have projected numbers that forecast an increase in earnings
- Expansion can be a painstaking process that requires time and effort
- Businesses with inconsistent revenues can find it difficult to meet their payment commitments
The qualifying criteria for a business expansion loan with SharpShooter Funding© include having a 620+ credit score, over three years in the business, over $20,000 in monthly bank deposits, and an average of at least $3,600 in average daily balances.
If a business expansion loan doesn’t suit your needs, then read more about sharpshooter’s services to learn more about how we can help you. We offer several different types of funding that helps a variety of business types across Canada.
For example, we also offer fast custom mortgage services through a simple application process even to people who may have damaged credit histories. These services are especially useful for self-employed people who have been rejected by a big bank for refinancing for an old mortgage or a simply a new mortgage. With our experience and expertise, we can also help people who are in arrears with their current financial institution.
These are just some of the ways we help self-employed people as well as small and medium-sized businesses. The partnership between Bret “The Hitman” Hart and SharpShooter Funding is built on transparency, trust, and compassion. We provide you with financing solutions because we are driven by your success.
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This post was written by sharpshooterseo