SR&ED Funding
SR&ED Factoring: Funding Solutions
One downfall of the SR&ED program can be that the funds are received after the work is complete (and the bills are all paid). Often companies need the funds from their refund to finance further research and development work but have to wait to receive a refund. If you find yourself in this situation, an SR&ED factoring company may be a good fit.
! NEW – MuckerFi
MuckerFi provides factoring to promising and exceptional entrepreneurs in Canada and the United States to help launch and scale their new ventures.
MuckerFi can make a decision on your advance in a week or two, execute agreements and line up funding in a week or two more factoring up to 95% of your past year’s claim and at least 60% of your current year’s forecast claim.
To apply for factoring or to learn more about how you can even out your cash flow throughout the year reach out to MuckerFi’s co-founder Anne Enna through email or LinkedIn. (Note: MuckerFi is a new Canadian service line for SR&ED financing – website coming soon!)
For more information please contact:
Mucker Capital
c/o Anne Enna
National Telephone: 415-505-1489
Fund Easly
Easly provides SR&ED factoring in the form of simple, predictable, non-dilutive capital, delivered on an on-going basis.
Easly provides SR&ED factoring, allowing companies to access their refunds before the CRA has paid. Easly’s Capital-as-a-Service (CaaS) platform makes accessing and using your R&D tax refund easier and more efficient. Easly Advances can be approved within 14 days and factoring within 48 hours of approval. Once approved and the initial financing has been sent, quarterly advances are available on additional SR&ED-eligible expenses. Easly is repaid directly from the CRA once the SR&ED refund is paid.
To apply for funding or to learn more about how you can even out your cash flow throughout the year please see the Fund Easly website.
For more information please contact:
Easly
c/o Andrew Kareckas
National Telephone: 647.273.2751
Venbridge
Venbridge provides $100,000 to $2,000,000 in SR&ED factoring to technology companies in the form of non-dilutive working capital, delivered on a quarterly basis.
Venbridge provides SR&ED factoring, allowing companies to borrow against their SR&ED refund before the CRA has paid. Venbridge advances can be approved in as little as 3 business days. Venbridge looks for SR&ED claims of more than $100,000 or $15,000 per month in eligible expenditures, and either 1 year of SR&ED filing history or the presence of a good SR&ED consultant on your side.
To apply for funding or to learn more about how you can even out your cash flow throughout the year please see the Venbridge website.
For more information please contact:
National Telephone: 1.833.386.3632
uLoan Canada
uLoan Canada provides $50,000 to $200,000 in SR&ED factoring to Canadian companies.
uLoan Canada provides SR&ED factoring, allowing companies to borrow against their SR&ED refund before the CRA has paid. uLoan Canada advances are based upon an agreed-upon loan-to-value ratio and interest rate. The business assigns the receipt of the Corporate Income Tax Refund generated by the SR&ED Investment Tax Credit to uLoan Canada and they advance the loan proceeds to the business.
To apply for factoring or to learn more about how you can even out your cash flow throughout the year please see the uLoan Canada website.
For more information please contact:
National Telephone: 250.300.3015