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SharpShooter Funding


About lender

SharpShooter Funding provides various types of loans for small and medium businesses registered and operating in Canada. The mission of the financial entity is to help those companies to grow, develop, and open more opportunities with smart credit solutions.

The lender is established in Canada in 2015 and nowadays offers a wide range of financing products. Positioning itself as a modern corporation, SharpShooter Funding is supportive of its clients and recognizes the value of leading-edge data science, state-of-the-art technology, and partner relationships.


SharpShooter Funding’s solutions include options of short-term and long-term finance appropriate for various needs.

The complete list of the company’s products:

  • bank only EFT

  • working capital

  • unsecured business funding

  • fast funding

  • long term funding

  • fixed funding

  • flex funding

  • next day funding

  • business capital advance

  • get funded

  • business expansion funding

  • commercial funding

  • bridge funding

  • short term working capital

  • a business line of credit

  • Canadian funding calculator

The lender offers the merchant cash advance repayment method, that is, the corporation purchases the business's future sales at a discounted rate and gets the due amount through every credit card transaction of the client's business as established by the credit agreement.

For businesses whose revenue does not come primarily from credit cards, the lender uses Bank Only Electronic Funds Transfer to collect the repayments daily, weekly, bi-weekly, or monthly in small increments.

In many cases, SharpShooter Funding does not require good personal credit scores or collateral and provides loans based on the company's revenue only.

The lender does not monitor or restrict the use of funding received as Bank Only EFT or MCA whether it is marketing, equipment, inventory, existing debts, an emergency, or a time-constrained opportunity.

The company promotes an online application procedure that is simple and quick. The loan programs cover a lot of businesses in such areas as health care, beauty, construction, retail, storage, cafes and bars, hotels, and many others.

SharpShooter Funding operates in all Canadian provinces.

Pros and cons


  • Clients can select the options that fit them best as SharpShooter Funding offers numerous funding options.

  • The application for prequalification is easy, approval and funding are fast.

  • The company is keen on modern technology and uses it in its activity.

  • The lender declares it follows a transparent policy and practices a personalized approach to every business.

  • Terms are flexible, and the business may receive a suitable repayment scheme.

  • There are no penalties or fees for early repayments.


  • There are some risks associated with Merchant Cash Advance, such as high fees and fast repayment terms.

  • SharpShooter Funding does not credit startups.

  • Minimum time in business and revenue required (different for each loan type).

Loan conditions

Loan conditions depend on the type of credit received and the type of repayments. Small Business Loans with Bank Only EFT (electronic fund transfer) and MCA (merchant cash advance) are quite easy to get. The repayment scheme depends on the sales amount. The annual percentage rate is fixed and established in a credit agreement, the repayment amount consists of the loan principal and percentage rate. Repayment is withdrawn at every credit card transaction automatically in case the loan agreement stipulates the MCA method. Repayment is withdrawn daily, weekly, bi-weekly, or monthly if the Bank Only EFT method is selected. The loan credit is as long as the principal amount and percentage are completely paid off.

Conditions for the following loans are subject to discussions and depend on payment history. The more times SharpShooter Funding successfully operates with the business, the bigger amount for business loans can be considered.

Long Term Business Funding typically requires quite a bit of paperwork. They involve low-cost working capital, help to improve credit scores, and maintain a manageable repayment schedule. This type of credit may extend for 3 to 10 years and is used to make a significant investment in the future of a business. Loan amount: up to $250,000. Eligibility requirements: 12 months in business; $120,000 in annual revenue; 620+ credit score.

Short-term business loan offer under $50,000 for 3-18 months. Eligibility requirements: average of $4,166 per month in sales; operational for 3 months.

Merchant cash advance and bank-only EFT program imply financing of up to $300,000. The term may vary. Eligibility requirements: average of $4,166 per month in sales; operational for 3 months.

Working capital loans and business bridge funding are granted for up to 12 months. You can borrow up to $50,000. Eligibility requirements: average of $4,166 per month in sales; operational for 3 months.

Business expansion funding suggests you borrow from $5,000 to $250,000 for 3-10 years.

Eligibility requirements: 620+ credit score, 3 or more years in business, minimum $20,000 average monthly deposits, minimum $3,600 average daily balance.

A business line of credit means a loan of $10,000 and over. The term may vary. Eligibility requirements: industry experience and personal investments in your company, positive business revenue for 12 to 24 months, good credit score, and detailed business plan.

Methods of a loan funding

SharpShooter Funding deposits the approved loan directly to the client's Canadian business bank account via wire transfer or EFT. The approved funding can reach a client’s bank as soon as 24-48 hours depending on bank operations.


What is SharpShooter Funding?

SharpShooter Funding is a lender for small and medium businesses practicing different types of credits under pretty mild conditions.

Who owns SharpShooter Funding?

Sharpshooter Funding Inc., located on 400-801 Eglinton Ave W, Toronto, Ontario, is the owner of SharpShooter Funding financial entity.

How do you qualify for SharpShooter Funding?

To get the loan with SharpShooter Funding, the borrower has to meet the following requirements:

  • It should be a Canadian business.

  • The business should have run not less than 100 days in Canada and deposited or sold for not less than $4,166 per month for a short-term loan. For business expansion, one needs to prove three or more years in business, minimum $20,000 average monthly deposits, minimum $3,600 average daily balance. Long-term funding requires 12 months in business; $120,000 in annual revenue; 620+ credit score.

  • Some personal data of the owner like the owner's name and his/her Social Security Number should be provided.

  • The legal business name and Business Identification Number should be indicated.

  • Six months of most recent business bank statements should be attached to the application.

  • The company's annual revenue data are required to be submitted.

  • Additional documents may be needed in case of long-term business funding.

How much can you borrow from SharpShooter Funding?

The loan amount depends on the credit type and the repayment period.

Thus, for MCA a business can receive up to 166% of the company's Canadian Business's monthly sales within the range of $1,000 – $300,000.

Long-term business funding for 3 to 10 years is available in amounts up to $250,000 irrespectively of whether it is an investment in new equipment or business opportunities.

Micro-funding loans offer less than $50,000 with a moderate cost of working capital at 6.5–9%.

On average, the total cost of $100 of capital borrowed starts at $9 and can go up to $36.

Is SharpShooter Funding a legitimate company?

Yes, SharpShooter is a legitimate company with proper registrations. It operates in compliance with the current legislation of Canada. According to OPENGOVCA, its business number is 772006128. Corporation ID: 9724478

Company documents

Privacy Policy

We provide responsible business financing solutions to small businesses and pride ourselves in being truthful, transparent, and customer-focused.

© SharpShooter Funding

Calculate loan payments at SharpShooter Funding

With SharpShooter Funding calculator you can calculate an approximate payment schedule for the loan

SharpShooter Funding calculator
Interest rates are given in accordance with the rates of the bank in Ottawa as of 03.10.2022
Loan amount

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50000 $
Loan term

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What to pay attention to when applying for a loan from SharpShooter Funding

  1. The company must have a license if it runs business in Alberta, British Columbia, Manitoba, Ontario and Quebec.
  2. You can check the availability of the relevant license (copy) at the branch of the lending company.
  3. Membership in a self-regulatory organization (SRO) is an additional guarantee of the reliability of the lending company. This information can also be checked at the company's branch or on its official website.
  4. Availability of lending policies.
  5. The procedure for applying for a loan.
  6. The procedure for concluding the loan agreement and receiving the payment schedule.
  7. Other conditions for granting loans.

We recommend

  1. To check out the interest rates and frequency. 
  2. Check the availability of individual terms in the loan agreement (principal amount, term, date of advance, etc.).
  3. Check whether the loan agreement contains information about the total cost of borrowing.
  4. Take time to think – you can change your mind before agreeing or signing a loan agreement.
  5. Speed of loan processing.
  6. Accessibility – alternative lenders often operate where there are no bank branches.
  7. For the borrower - high interest on the loan.
  8. For an investor, the safety of funds is not guaranteed by the state.

What distinguishes SharpShooter Funding from banks:

  1. Simplicity - loan processing is less formalized than in a bank.
  2. Fast loan processing.
  3. Accessibility.
  4. For the borrower - high interest on the loan.
  5. For an investor, the safety of funds is not guaranteed by the state.
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