Main Banner

Long Term Business Loans in Canada

The Best For Your Small Business

Leaf Get Pre Approved in Minutes!








It’s easy to get caught up in your company’s day to day operations. That said, it’s important for business owners to consider the bigger picture — the scope of their business.  We help Canadian businesses think long term with our long-term funding program.

At SharpShooter, we recognize how difficult it can be for small to medium-sized businesses in Canada to receive the long-term funding they need. So, we provide small businesses access to long term business loans at a set term and a fair and modest cost of capital.

We are proud to offer long term business loans available in amounts up to $250,000 to help small business owners manage and grow their operations, whether that means investing in new equipment or a business opportunity.

We know not every business will fit into a neat box (like what the big banks want to see). Modern technology has allowed us to reinvent the lending model and make every step of the process more efficient. We’ve got you covered with flexible options for almost any type of capital requirements.

With the help of a dedicated SharpShooter Funding specialists, you can attain a long term business loan. Stay focused on running your Canadian business while we secure your financing.

Everything You Need to Know About Long Business Term Loans:

What is a Long-Term Business Loan?

A long-term loan is a small business loan that extends anywhere between 3 to 10 years and is used to make a significant investment in the future of a business. These loans are typically paid off in small increments over an extended period of time.

This is a financial solution that oftentimes requires quite a bit of paperwork, but involves low-interest rates, helps improve credit score and maintains a manageable repayment schedule.

Why Use a Long-Term Business Loan & When?

All businesses need capital to handle day to day transactions and other expenses. However, this working capital is usually a rather low level of income and can only provide support for short term needs.

For something more long term, businesses need to set their sights higher and aim to secure appropriate funding.

There are a lot of ways a business owner can make use of a long-term business loan. That said, these are the most popular reasons people may borrow a long-term loan for their business:

  • Growing the business
  • Purchasing inventory on a large scale, particularly items with long term value but which might be slow sellers
  • Acquiring new equipment, often with a higher price tag
  • Hiring new staff
  • Putting in winning bids for contracts
  • Investing in marketing efforts to bring in more business

What Is the Difference Between a Line of Credit & a Long Term Loan?

The main difference between long term business loans and a line of credit is how the money is provided. A long-term business loan is provided at a fixed rate and is paid over an allotted period of time.

A line of credit, however, is more like a credit card. It is a sum of money that is spent, paid off and then spent again. Business owners typically take out a line of credit if they need a consistent stream of cash flow instead of a large sum of money paid off over months.

A business owner would use a long-term loan for a large investment, whereas they would use a line of credit for consistent fees like supplies, equipment, and materials.

Lines of credits and term loans also differ in their rates as a term loan has a consistent interest rate whereas a lien of credit can fluctuate.

Benefits of a Long-Term Loan:

Interest Rates: The interest rates of long-term loans are a lot lower than short term alternatives.

Low Costs: This loan is spread out over an extended period of time, which means that your payments will be smaller than those for a short-term loan.

Improve Credit: Due to the fact that long term loans have repayment schedules with frequent payments of small amounts, it is easy to make these payments consistently. This can greatly improve your credit score over time.

Stability: Having consistent funding at a pace that works for your company will help you maintain stability and growth.


SharpShooter Long Term Business Loans: Qualifications

Do you need funds to put in a big inventory order or invest in new equipment for your business? If your business meets these requirements, you qualify for a long-term business loan with SharpShooter:

$120,000 in annual revenue

12 Months in business

620+ personal credit score

SharpShooter Business Funding VS. Big Banks

For ages, big banks have been making small businesses jump through hoops for funding. At SharpShooter, we are committed to making loans easily accessible to the small Canadian businesses who don’t have the business history, FICO score or positive cash flow to attain traditional loans.

We make getting your long-term business loan easy by requiring half the time, paperwork and travel effort than a traditional institution would. Why go to a physical bank location when you can apply for your loan online?

When you apply for a long-term loan from a bank, you can expect a long application credit inspection, industry limitations and a month-long wait for the approval. Them, if you are approved for funding, you are looking at another wait of up to two-months to actually get the money.

When you choose SharpShooter, you can enjoy the ease of our online application for prequalification, same day approval, 24-hour funding, and no industry limitations. If you are a Canadian business, we want to help you.

Getting Your Long-Term Business Loan with Bad Credit

If your small business is facing bad credit, these are the four ways you can attain financial solutions to pick yourself back up:

  1. Accept a smaller loan: A short-term loan is a lot easier to attain with bad credit than a long-term business loan is. Start small and build up your credit with a small loan. After you build that credit, you can work towards a potentially larger sum of funding.
  2. Sign a personal guarantee: Sometimes business owners have better credit than their business does. If this is you, consider leveraging your personal score instead.
  3. Pledge a cash down payment: Consider paying a down payment for your short-term business loan in cash if you have a steady cash flow, but a less than desirable credit score.
  4. Provide collateral or assets: If you have any future credit or debit card transactions or unpaid invoices, leverage them for a short-term loan — even with your bad credit!


Choose SharpShooter for Your Long-Term Business Long Term

SharpShooter Funding is focused entirely on Canadian small businesses and providing them with effective financial solutions:

  • Personalized Programs

We work with businesses to understand their requirements and craft the right strategy so that they can achieve results.

  • Transparent

There are no surprises when you work with us. We are completely transparent with all of the data and the ups and downs of our offering. We pride ourselves in being advisors and answering the difficult questions.

  • Positive

We strive to help create positive economic opportunities for small business owners across Canada.

  • Flexible terms, affordable monthly payments.

Our terms are flexible so that you can achieve repayments in a way that suits your business. When you work with us, you can rest easy knowing that there are no penalties or fees for early repayment.

  • Focus on Canadian businesses

We are experts in the Canadian market, so we work to provide real solutions in your field

  • Easy online application

We believe in hassle-free application processes, which is exactly what we deliver to our clients. No one knows Canadian businesses as we do. 

 
 

Apply for Your Long-Term Loan Today

You can apply online for your long-term loan from SharpShooter in no time at all! With three easy steps you will be well on your way to the business funding your business needs:

#1 Apply for Your Loan

To start the process, fill out our simple online application. All you have to do is answer some straightforward questions about your business. We just want to gauge your business performance and some other essential details.

#2 Application Evaluation

After you send through your application, it will be evaluated by a member of our credit team.

#3 Get Funded

If your application is approved, you will be presented with an offer from SharpShooter.

Our community of investors will fund your long-term business loan through our marketplace then, once funded, the money will be transferred to your bank account.


About Us: Experts in Small Business Funding

At SharpShooter, we’ve been supporting Canadian small and medium-sized businesses with business funding solutions since 2015. We offer consultation and advice to help businesses identify the best funding package for them.

We take great pride in our funding and process that makes obtaining financing solutions quick, easy and flexible. Our faster, simpler approvals make sure that your business isn’t waiting around for the funding it needs.

Our team of credit advisors will work with you as a partner, not a customer. We are beside you every step of the way to make sure you are supported to grow your business the way you want to.

Don’t worry if your long-term business loan hasn’t been accepted elsewhere — you may find our funding packages to be the financial solution your company needs. Apply for your long-term business loan today!

Hit the button below to apply or get in touch with our experts if you have any questions or queries.

APPLY NOW