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Professional Bridge Financing Solutions in Canada

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There are times when the figures just don’t square up — when you just can’t make the money stretch far enough. Sure, these times are frustrating — often majorly so — but they are not disastrous. They simply require a different approach.

There are times when the figures just don’t square up, and you can’t make the money stretch far enough. These times can be frustrating for small businesses, but with the right approach, they don’t have to be disastrous.

SharpShooter’s business bridge funding is like a stopgap for business finances. Our bridge funding offers short-term cash flow coverage for basic but essential expenses while you wait for additional funding.

Our bridge funding offers a solution to some common scenarios in which small-business owners might find themselves short on capital. Whether it’s due to unpaid invoices, slow insurance claims or a simple cash crunch, understanding the basics of business bridge loans can help you meet your financial obligations on time without breaking the bank.

We are committed to helping Canadian businesses overcome obstacles and to bridge any challenges the market may throw the way of Canadian business owners. As a bridge financing partner, we are committed to providing quick turnaround to help businesses bridge the gap when they are between loans.

We make obtaining bridge financing solutions simple with our straightforward application process. We know that a lot of small businesses don’t have the time to wait for fund approval, which is why we provide a small business lending service that is easy, fast and compassionate.

Our team understands how important small businesses are to the Canadian economy, and so we support these businesses at each and every turn.


What is a Bridge Loan?

A bridge loan — also known as gap financing — is a type of short-term loan that is used to, quite literally, bridge the gap between two loans. This typically covers the period between repaying one loan and applying for a new one. It is a financial solution that helps small businesses make ends meet. Typically, this covers a smaller amount than other types of loans.

A bridge loan is essentially a short term solution for long term benefits — building credit and attaining a more substantial loan. It is the same as other loans in that it involves interest and a repayment schedule, but it is more so defined by how it is used.


What Is Business Bridge Funding Used For?

As you know, cash shortfalls can affect small businesses in a number of ways. Bridging loans are often needed to attain working capital for a short period of time while waiting for additional financing. As a small business owner, working capital is crucial to your daily business operations and determines the short-term health of your finances.

Working capital is defined as the difference between a company’s current assets (like cash and accounts payable) and its current liabilities (like salaries, debt and pending bills). If your business’s most pressing liabilities outweigh your current assets, you could face a cash shortfall. This can lead to a host of serious problems that put future operations in jeopardy.

Bridging financial solutions are typically sought out when:

  • There’s not enough working capital for day to day operations
  • Current liabilities have grown too high
  • Emergency repairs or maintenance are required
  • A hangover from a recent increase in spending, making it difficult to manage the business
  • Acquiring equipment when in a bind (i.e. malfunctioning equipment)
  • Preparing for an expansion
  • Growing inventory to prepare for a busy season
  • Making an investment that will produce future income
  • Providing working capital for day to day operations between substantial loans

The Benefits of a Bridge Loan

When small businesses are between loans, they may not have the funds they need to maintain business operations in the meantime — which is where bridge financing solutions come in. As a bridge financing partner, SharpShooter offers business loans to help small businesses get by.

There are a lot of ways that your small business can benefit from bridging financing:

Low risk

This is a low-risk loan, as it typically entails a smaller amount of money that can be easily paid off. These funds are also usually acquired to facilitate a purchase or investment that will bring future income, so the profit to pay off these loans is realistic and attainable.

Easy to attain

Because bridging loans are smaller, short term loans, they are a lot easier to acquire than other types of loans like business expansion loans.

Fast

These loans are attainable fast to help small businesses who need working capital quickly.

Repayment:

Typically bridge loans don’t require a set repayment schedule as this loan can be paid off at any time. This loan is effective in bridging the gaps between loans as it is small and short term and can be paid off as soon as possible.

Flexible

Due to the fact that this loan doesn’t dictate what the funds need to be used for and when they need to be paid off, they are a lot more flexible than other funding programs. When it comes to small business lending, we always recommend bridging as an effective means to an end.

SharpShooter Small Business Lending VS. Traditional Funding Institutions

Over the years, it’s been incredibly challenging for small businesses to attain the funding they need to reach their full potential.

Unsecured business loans and forms of working capital are often unattainable for these businesses, which is why alternative lenders have joined the business financing market. At SharpShooter, we make this process easier, faster and altogether more streamlined.

We also provide a wide range of financial solutions from bridge financing solutions to term business loans, whereas institutions tend to have fewer options with more limitations.

The reality is that a lot of the time, banks don’t understand the needs of small businesses — so how can they be expected to meet those needs? We provide an intimate process that will ensure your business gets the funding it needs and that its unique financing needs are met.

From the application process to getting your funds, our small business lending services are simple and straightforward. We approve more businesses, have a faster process, provide more funding resources, and our requirements are straight forward.

The reality is that a lot of the time small businesses don’t have the time to wait for ages to get approval. On average, a bank can take upwards of a month to provide approval, and then another 3 months to provide funds.

With our online application process, we eliminate the need to bring stacks of paperwork to a brick and mortar institution. We provide same-day approval and get small businesses their funds in a maximum of 72 hours after their approval.

We don’t approve applications based on credit score or collateral — instead, we value the overall health of your small business. At SharpShooter, we provide business lending options to all Canadian small businesses.


How to Get Business Loans with Bad Credit

We know that bad credit can make it a challenge for small businesses to get the funding they need to get back on track.

The good news is that, even if your small business has a poor credit score, our bad credit funding will provide you with various options for obtaining funding.

There are a number of different avenues you can explore if you have had bad credit:

1: Consider Alternative Business Lending Options

Sharpshooter is proud to be an alternative lender that can provide funding options if you are dealing with bad credit. With our bad credit funding, we make it a lot easier for your business to get the funding it needs.

2: Apply for a Smaller Funding Amount

Oftentimes it’s challenging for small businesses with poor credit to get approved for larger loans. That said, it’s a lot easier to get approved for smaller funding amounts. By paying off smaller loans, you can build up your credit for longer-term funding options in the future.

3: Cash Down Payment

It’s common for small business owners to have good personal credit, and lower business credit. In this case, you can leverage your loan based on your personal credit. This way the loan is assessed based on if you can pay off the loan, instead of your business’s capability to pay off the loan.

4: Enlist the Help of a Guarantor

If you have another person or business to sign and affirm your ability to pay off your loan, this will better your chance of getting approved for funding even with poor credit. 

5: Assets & Collateral

You can leverage your assets like unpaid invoices to show your ability to pay off a loan.

Work with SharpShooter: Bridge Financing Experts

Since 2015, SharpShooter Funding has provided small businesses with the funding they need for short term and long-term needs.

We understand the challenges that Canadian small businesses face when it comes to obtaining funding, which is why we strive to provide accessible and thoughtful financial solutions. We are 100% committed to supporting Canadian small businesses and the Canadians who own them.

Small to medium-sized businesses play an essential role in Canada’s economy. We provide personalized funding programs and small business lending services to help businesses maintain daily operations and achieve long term goals.

SharpShooter provides business lending options that will help your small business attain the funding it needs at the right time.


Apply for Your Bridge Loan Today

At SharpShooter, we make bridging your loans quick and easy. In three easy steps, you can apply for and attain the necessary funds to satisfy your business’ daily operations while waiting for a more substantial loan.

1: Apply Online

You can apply for your bridge loan from SharpShooter by filling out our online application form. The application should not take you any more than 100 seconds to fill out! We just need some key information about your business.

2: Assessment & Approval

When you submit your application, it will be sent to one of our credit specialists. Don’t worry, we accept 75% of our applicants.

3: Get Funded

After your same day approval, you can expect your funds within as soon as 24 hours.

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