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SharpShooter Funding review

Get fast approval and competitive rates on business loans up to $300,000.

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SharpShooter Funding at a glance

  • Provides business loans to owners underserved by banks
  • Fast approvals
  • Available across Canada
  • Online only
  • Higher rates for bad credit

SharpShooter Funding

5.49% - 22.79%


$1,000 - $300,000

Loan amount

6 - 60 months

Loan term

What is SharpShooter Funding?

SharpShooter Funding offers fast loans and high loan amounts to businesses that meet basic eligibility criteria. It serves all of Canada. You can borrow up to $300,000 with no need for collateral, and your loan decision will be based on your overall business health rather than your credit score. Most loans are approved in as little as 24 hours, with funding disbursed in 2 to 3 days.

Is SharpShooter legitimate?

It is. SharpShooter has been providing business loans in Canada since 2015 and has an office in Toronto, Ontario. It is a member of the Canadian Lenders Association and has been quoted in the news.

What we like about SharpShooter business loans

SharpShooter offers the following benefits:

  • Quick approval and funding. You can get approved in less than 24 hours, with the money you borrow typically deposited into your account in less than 3 days.
  • Easy application process. You can fill out a quick application, get pre-approved within minutes and provide less paperwork than what banks require.
  • Decent interest rates. You may be able to qualify for rates as low as 5.49%, depending on factors such as your credit score and how much you borrow.
  • No collateral required. You won’t need to secure your loan against an asset such as your home or vehicle.
  • Different types of financing. SharpShooter offers various ways to finance your business, from term loans to lines of credit.
  • Bad credit is accepted. Your credit score won’t factor in for most loans as long as your business is making enough revenue.
  • Available across Canada. You can apply for SharpShooter funding no matter what province or territory you live in.

What to watch out for

Keep an eye out for the following drawbacks when considering a SharpShooter business loan:

  • High rates for bad credit. You could pay more for a SharpShooter business loan if you have bad credit.
  • Stricter criteria for some loans. You may need to meet more stringent eligibility criteria to apply for certain types of loans (such as long-term loans or business lines of credit).
  • No in-person locations. You won’t be able to go into an office location to negotiate your contract or deal with your loan if you’re having issues.
  • NSF fee. If you miss a payment, SharpShooter may charge you can NSF fee.

Summary of SharpShooter reviews

SharpShooter reviews have been mostly positive. Many people have commented on SharpShooter’s friendly, professional and supportive team. It received a couple of reviews about bad service in the last 12 months.

BBB accreditedNo
BBB ratingNot available
BBB customer reviewsNot available
Trustpilot scoreNot available
Google rating4.8 out of 5, based on 67 reviews
Customer reviews verified as ofOctober 19, 2022

What types of loans does SharpShooter Funding provide?

SharpShooter Funding offers a number of different loans based on the needs of your business. They include the following:

TypeBest forHow it works
Long term business loanCovering a large, one-time expenseBorrow a lump sum and pay it back plus interest
Short term business loanCovering small, irregular expensesBorrow a smaller amount and pay it back plus interest
Bank only EFT programBusinesses that don’t process credit cardsAccess money and pay it back based on a portion of your revenue
Merchant cash advanceFunding daily expenses with future credit/debit sales incomeUse a portion of your daily credit/debit card sales to pay back your loan
Working capital loansPaying for smaller, short-term expensesGet a short-term injection of cash and pay it back within 12 months
Business bridge fundingPaying for smaller, short-term expensesBorrow money and pay it back within 12 months
Business expansion fundingExpenses related to growing your businessUse funding to expand your business and pay it back with business revenue over the long term
Business line of creditOngoing expenses or extra financing for seasonal lullsAccess revolving funds and only pay interest on what you use

Do I qualify for a SharpShooter business loan?

You may be able to qualify for SharpShooter business loans if you meet the following eligibility criteria:

  • Personal age. Be at least 18 or 19 years of age in your province or territory of residence at the time of applying.
  • Operational requirements. Show that your business has been generating revenue for at least 100 days or 12-24 months for larger loan amounts.
  • Monthly revenue. Demonstrate that your business pulls in at least $4,166 /month.
  • Credit score. Have at least a + credit score for some loans, depending on the health of your business and how much you want to borrow.

How do I apply?

If you think that a SharpShooter Funding loan could be a suitable fit for your business, it’s easy to apply online in a couple of easy steps.

  1. Complete the online application, which includes providing your name, email address, phone number, loan amount, loan purpose, province, average monthly sales and credit score.
  2. Get pre-approval after a few minutes.
  3. If you want to proceed with getting approval, provide 2 to 6 months of bank statements and merchant credit card processing statements (if available). You may need to provide other documents depending on the loan you’re applying for. To get funded, you’ll need to provide a copy of government-issued ID, a void cheque and your business licence or articles of incorporation.
  4. Review and sign your contract.
  5. Receive your funds.

I got a SharpShooter business loan. Now what?

Once you get a SharpShooter business loan, you’ll need to start making repayments out of your business account based on the terms of your loan contract. For further information about your loan, you can contact SharpShooter Funding 7 days a week by sending an email to its business account or by calling its customer service line.

→ Didn’t get approved? Compare other business financing options with our guide to business loans

Bottom line

SharpShooter Funding lets you borrow reasonably large amounts for your business with fewer eligibility criteria. You can apply for funding and get approved in less than 24 hours, all from the comfort of your own home. You don’t need good credit to qualify for many types of business loans and you won’t need to put up collateral to secure the money you borrow.

Compare business loans

1 - 3 of 3
Name Product APR Range Loan Amount Loan Term Minimum Revenue Minimum Time in Business Loans Offered Broker Compliance
Journey Capital Business Loan
8.00% – 29.00%
$5,000 - $300,000
4 - 24 months
6+ months
Term Loan, Line of Credit, Merchant Cash Advance
To be eligible, you must have been in business for at least 6 months with a minimum annual gross revenue of $100,000.

Journey Capital offers fast and simple financing. Apply in less than 10 minutes with your basic business information and see your loan offers without hurting your credit score. Get approved within 1 business day, and choose your term, amount and payback schedule once approved.
Merchant Growth Business Loan
12.99% – 39.99%
$5,000 – $800,000
6 – 24 months
$10,000 /month
6 months
Unsecured Term, Line of Credit, Merchant Cash Advance
To be eligible, you must have been in business for at least 6 months and have a minimum of $10,000 in monthly sales.

Merchant Growth offers financing tailored to business needs. It specializes in providing capital based on future cash flows, but it also offers fixed solutions. Fill out an application within 5 minutes and get your funds within 24 hours.
Loans Canada Business Loan
6.60% - 29.00%
$4,000 - $500,000
3 - 60 months
over $10,000/month
100 days
Unsecured Term
Loans Canada is a loan search platform with access to multiple lenders. Applicants will be matched with a suitable lender based on credit history and borrowing requirements.
To be eligible, you must have been in business for at least 100 days, have a Canadian business bank account and show a minimum of $10,000 in monthly deposits ($120,000/year).

Loans Canada connects Canadian small business owners to lenders offering financing up to $500,000. Complete one simple online application and get matched with your loan options.

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