YOUR COMPANY IS LOOKING FOR SR&ED FINANCING LOAN SOLUTIONS!
You've arrived at the right address! Welcome to 7 Park Avenue Financial
Financing & Cash flow are the biggest issues facing business today
ARE YOU UNAWARE OR DISSATISFIED WITH YOUR CURRENT BUSINESS FINANCING OPTIONS?
CALL NOW - DIRECT LINE - 416 319 5769 - Let's talk or arrange a meeting to discuss your needs
EMAIL - sprokop@7parkavenuefinancial.com
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
SR ED financing (' SR&ED’) is a lot less of an art and science than most firms think. We're looking at SRED Loans from a ' how to' perspective - it's the ultimate cash flow acceleration concerning the program's key benefit - i.e. recouping a large part of your r&d capital spend. Let's dig in.
Each year, billions of dollars flow from the government to thousands of firms who participate in the ' SR&ED ' program in Canada. The ability to turn claims into short term sred loans accelerates the benefits of the program. While the govt maintains that the program encourages companies to invest in the future via enhanced products and services, the ' journey ' and the ' wait' for the refund can seem daunting at times.
Certain ' resources' are needed to both participate and benefit in the program. They include your own ability to finance the SR&ED process from start to finish, as well as the need to more often than not ( in fact almost always and recommended ) to acquire the services of a SRED consultant who understands your business and is experienced in the preparation, documentation, and filing of your claim.
There is a significant amount of time allowed to prepare your claim, but the claim is always filed in conjunction with your year-end. At this point, both the eligibility and quality of your claim are key. Claims typically have a technical narrative and a clear breakdown of the costs you are claiming in the process. All of this effort is, of course, focused on one goal - the refund! , which is for most firms available in the form of a cheque from the government. Typical refunds are in the 30-40% of your total R&D spend, so it's easy to see why the program is, in fact, one of the most ' real' and ' attractive ' programs in Canada.
So at this point, you've identified the nature of your claim, you've engaged an industry consultant to prepare the claim, and you're filing your claim. In certain cases, claims are subject to audit and assessment - thereby prolonging the waiting period for your refund.
Tired of waiting? Consider financing your claims as soon as it is filed. Enter the SR ED financing process. SR&ED Bridge loans are typically done on a 70% loan to value basis - allowing you to monetize your claim and accelerate that cash flow benefit we have been speaking of. The main collateral for the loan is, of course, the SR&ED claim itself - loans are repayable at any time and rarely last longer than a year, by which time your refund will have been approved and processed via the govt.
Recent enhancements to financing claims allow you to file for both past and present claims, as well as to start a financing process around your next year’s claim.
The SRED loan process is quick and efficient, with most claims financed within a couple of weeks. If you're looking to accelerate R&D capital expenditures, speak to 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor who can assist you with SR&ED Loans that make sense for your firm.
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