SharpShooter Funding is a leading provider of Canadian working capital and Canadian business funding to Canadian small businesses nationwide. Since June 2015, more than 2,300 Canadian small businesses have trusted us to provide them with fast, flexible, and reliable Canadian business funding to fuel their success.
SharpShooter Funding works with Canadian businesses in over 230 industries ranging from physicians and restaurants to repair shops and retailers. We specialize in making capital accessible to small businesses that are underserved by traditional financial institutions, such as banks and credit unions. Because we look at your real-time business cash flow — not just your historical financials and personal credit score — we’re able to deliver Canadian financing solutions to more small businesses than most other funding sources.
Small Business Funding in Canada is a financing arrangement that will provide you upfront capital in exchange for a fixed amount of your future revenue. For more details on merchant cash advance, check out our About SharpShooter Funding page.
SharpShooter
Funding offers Canadian funding between $1,000 and $300,000 CAD.
I am tired of having my bank and credit union decline my Canadian business for a loan. What are your minimum requirements to qualify for Canadian funding from SharpShooter Funding?
To qualify with SharpShooter
Funding, you must be a Canadian based business with:
- 100 days open and operating, minimum time in business
- At least $4,166 in monthly sales
- No minimum Credit Score
SharpShooter
Funding has one of the most efficient and simplistic Canadian application
processes in the industry because we only ask for what we absolutely need:
- Owner’s name and social insurance number (SIN #)
- Business name and BID #
- Three months of your most recent Canadian bank statements
SharpShooter Funding offers solutions for Canadian business owners with strong, well-established credit as well as Canadian business owners with imperfect credit. In fact, while we do evaluate your Canadian credit history, we don’t have a minimum Canadian credit score requirement, which means that even without great credit you can qualify for Canadian financing.
You will know if you are approved for Canadian business funding within 24 hours. For most of our Canadian applicants, same-day approvals are the norm, but if you submit your Canadian application after typical business hours, you may not receive a response until early the following morning.
On average, the total cost of Canadian capital will start at $9 for every $100 Purchased and can go up to $36 for every $100 Purchased.
While we provide financing to more than 230 industry segments, including higher-risk industries such as trucking and construction, there are some industries we do not service such as those related to adult entertainment, gambling, firearms, or illicit substances.
Applying with SharpShooter Funding takes most Canadian applicants less than 100 seconds.
The amount of Canadian business funding for which you qualify is determined by a number of factors including, but not limited to, your Canadian business cash flow, time in business, and your business and personal Canadian credit history.
No, SharpShooter Funding does not require collateral (e.g. equipment, house, etc.). We rely solely on the revenue your Canadian business generates for repayment.
Our Canadian Small Business Funding products are designed to complement traditional Canadian financing. As long as you meet our requirements, we can still provide you with Canadian financing without affecting your other obligations.
Though you will be required to specify what you intend to use Canadian small business funding for, you are free to spend the money on whatever is best for your Canadian business. Typical use cases include purchasing inventory, repairing equipment, renovations, expansion, reducing debt, and emergency Canadian expenditures.
As part of receiving Canadian funding, you will authorize SharpShooter Funding to debit your Canadian bank account directly according to the amount and frequency specified in your Canadian financing agreement. Please contact your SharpShooter Funding Manager if you would ever like to pay more than your regularly scheduled payment amount.
You can pay off your account in full at any time with no extra charges. In some instances, SharpShooter Funding may even offer a discount for early payment in full, though certain restrictions may apply. It is recommended that you review your merchant agreement or speak directly with your account executive for details on your prepayment options.
You will be eligible for a renewal once you have repaid between 33% and 66% of your Canadian business funding account, subject to satisfactory payment performance. The exact paydown required for you to be eligible for a renewal will be communicated to you by your Funding Manager prior to funding.
SharpShooter
Funding provides clients with an online portal where they can view information
about their financing including the outstanding balance, payment history,
upcoming scheduled payments, and renewal eligibility. Should you have
additional questions, you can call us at 1-866-644-1353 to speak with one of
our dedicated Funding Managers.
For existing clients, email your Funding Manager or Front Office at funds@ssfunds.ca
If you are unable to make your scheduled daily or weekly payment, please contact your account executive so they can work with you and one of our Payment Specialists to discuss a payment plan that suits your business best.
Absolutely. Our expert Funding Managers are standing by to answer your questions. Give us a call Monday through Friday between 8:00 A.M. and 8:00 P.M. Eastern Time at 1-866-644-1353
We only withdraw payments from your account on days when banks are open, so you will not be debited on any Canadian bank holidays.
Please contact your Funding Manager directly to request a payoff letter.
