When to Apply for SR&ED Financing?
Frequently Asked Questions
What is SR&ED financing?
Corporations that are in need of liquidity cannot afford to wait until the end of the fiscal year to receive payment of refundable tax credits. For this reason, lenders offer an advance (or loan) to eligible corporations, while using the future receipt of the SR&ED refundable tax credits as collateral.
What determines my eligibility for financing?
The quality of your SR&ED claim plays a pivotal role in determining your eligibility for financing. If you work with a reputable SR&ED consultant with a solid track record, your file will likely be financed.
How much can I receive and how much will it cost?
Financing can range from $50,000 to $1,000,000 and depending on the strength of your SR&ED claim, interest rates vary from 9% to 25%.
How long does it take receive the funds?
Our funders can analyze, approve, and disburse a loan within 10 to 15 business days after receiving the a complete application.
Do you only finance SR&ED claims?
No! In fact, we can also get other refundable tax credits financed, such as The Development of E-Business (CDAE) or the Multimedia/Digital Media tax credits.