SharpShooter Funding: Overview
SharpShooter Funding is a Canadian financing company founded in 2015 that specializes in providing financing solutions for small businesses in Canada. Based in Toronto, ON, the firm provides alternative business loans to help business owners grow their operations. SharpShooter Funding focuses on flexibility, transparency, and efficiency to support small businesses in achieving their goals.
Our Verdict
| Who is SharpShooter Funding best for? | Best for businesses that: – Are already in operation – Need help with cash flow issues – Are expanding – Require either short- or long-term funding |
| What we like about SharpShooter Funding | – Fast funding – Bad credit accepted – No collateral required – Various lending solutions available |
What Does SharpShooter Funding Offer?
SharpShooter Funding offers the following types of business financing:
| What It Is | Features | |
| Business Term Loan | -Large loan amounts used for significant business investments -Paid off in increments over a specific loan term | -Loan amounts up to $300,000- Loans terms from up to 10 years -Funding in as little as 24 – 72 hours |
| Merchant Cash Advance | -Provides an upfront sum of money in exchange for a share of future sales -Immediate business funding | – Loan amounts up to $300,000+ -Payments are made daily or weekly & fluctuate based on sales volume -Payments are made until the advance is paid in full |
| Business Line Of Credit | -Used to meet short-term business needs -Get access to a credit line on an as-needed basis, up to the credit limit | -Credit limits starting from $10,000 -Secured and unsecured lines of credit available |
How To Apply With SharpShooter Funding
Applying for financing with SharpShooter Funding is quick and easy. To apply, follow these steps:
Step 1: Complete The Application
Fill out the online application form. You’ll need to provide information about yourself and your business, such as:
- Your name
- Email address
- Telephone number
- Your province
- Loan amount requested
- Purpose of the loan
- Legal business name
- Business identification number
- Average monthly sales
- Your credit score
What Documents Are Needed To Apply?
To help SharpShooter Funding gauge your ability to obtain financing, you’ll need to supply 6 months of your most recent business bank statements.
Step 2: Application Review
Once you submit your application, a member of the SharpShooter Funding team will evaluate it.
Step 3: Get Funded
Once your application is approved, you’ll be provided with a financing offer. If you agree to the terms of the loan, you’ll be funded accordingly, with the requested loan transferred to your bank account.
What We Like About SharpShooter Funding
SharpShooter Funding offers several perks, including the following:
- Easy Online Application: Apply quickly from the comfort of home by supplying just a few pieces of information about yourself and your business.
- Fast Funding. You can get funding in as little as 24 – 72 hours after loan approval, making this financing solution ideal for more pressing cash flow needs.
- Bad Credit Accepted. Although SharpShooter Funding evaluates your credit score, you can still get approved with bad credit. Minimum credit score requirements may or may not apply.
- No Collateral Required. SharpShooter Funding does not require collateral, however, you can provide a personal guarantee or an asset to increase your eligibility.
- Various Lending Solutions. Whether your business needs long-term funding to expand or short-term financing to cover pressing needs, SharpShooter Funding has several solutions to choose from.
What We Think You Should Watch Out For
Before signing up for a financing solution with SharpShooter Funding, consider the following first:
- Must already be in business. If your business is still an idea and you’re looking for seed money, you may not qualify, as SharpShooter Funding requires that businesses be in operation and have revenue.
Is SharpShooter Funding Safe?
Yes, SharpShooter Funding has been in the Canadian business loan industry since 2015 and is a member of the Canadian Lenders Association. The company has dozens of positive Google reviews from past clients attesting to their customization and transparency.
What Do Consumers Think Of SharpShooter Funding?
It’s always a good idea to do a little homework to see how lenders are rated online, including SharpShooter Funding:
| Better Business Bureau (BBB) | Not BBB Accredited |
| 4.3/5 stars | |
| Physical Location | 801 Eglinton Ave W Suite #400, Toronto, ON |
How Does SarpShooter Funding Compare To Journey Capital?
Journey Capital is another financing company that provides financing solutions to businesses in Canada. The following chart provides a side-by-side comparison between the two lenders:
| SharpShooter Funding | Journey Capital | |
| Financing Options | -Business term loan -Merchant cash advance -Business line of credit | -Business term loan -Business line of credit -Merchant cash advance |
| Loan Amounts | Up to $300,000 | Up to $500,000 |
| Loan Terms | Up to 10 years (for term loans) | 4 – 24 months (for term loans) |
| Repayment Options | Daily or weekly repayments | Daily or weekly repayments |
| Funding Time | Within 24 – 72 hours | 24 – 72 hours |
| Availability | All across Canada | All across Canada |
Final Thoughts
Securing financing for your business can provide the necessary resources to fuel growth and expansion. Choosing a financing solution that aligns with your business goals ensures long-term success while covering more pressing needs. If you’re a business in Canada in need of financial assistance to either grow your business or bridge gaps in cash flow from time to time, SharpShooter Funding can provide you with customized financing products suitable for your needs.
