YOUR COMPANY IS LOOKING FOR BUSINESS TAX CREDIT FINANCE 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
Shred Credit financing in Canada eliminates business owners / financial managers trying to imagine receiving their refund. The cash flow derived from a SRED Tax credits loan is often one of the most valuable cash flow injections many firms experience throughout the year. Let dig in.
WHAT IS THE SR&ED CREDIT - AKA CANADA'S 'SCIENTIFIC RESEARCH AND EXPERIMENTAL DEVELOPMENT CREDIT'
For the thousands of firms that file for the billions of dollars in refundable tax credits, the program is somewhat affectionately known as ' SHRED,' while the actual correct name has the ' ampersand' in it - namely SR&ED. When your company utilizes and qualifies for this R&D recovery strategy, you're in a position to recover a large majority of the expenses your firm outlays for research and development.
THOUSANDS OF FIRMS EVERY YEAR APPLY AND RECEIVE BILLION OF DOLLARS IN SRED REFUNDABLE CREDITS
We're the first to acknowledge the program name, SR&ED, Sred, or whatever..!! Conjures up images of men and women in white coats and labs. The reality? Thousands of Canadian firms use the program and qualify for their work in advancing their products, services, and processes. A very general rule of thumb is that 35% or so of funds spent are typically recovered.
WHAT IS A SR&ED CONSULTANT
But how do owners overcome what some associate as time-consuming in anything related to government? That's easy - as the vast majority of claims are prepared by third party ' SR&ED Consultants,' who further eliminate time and both risk by preparing claims on a contingency basis - thereby claiming a portion of the refund for their work. They are responsible, along with yourself, for deadlines, quality of your claim, and then back up needed to validate your firm's spend.
SR&ED INVOLVES WAITING FOR YOUR REFUND CHEQUE!
Concerning the claim's financing, suffice to say that rarely do owners complain about anything that refunds a large portion of your firm’s expenses in your effort to stay competitive. Of course, what can cause concern is the time gap between filing and waiting for your refund! Business owners would always prefer to get those funds working in their business, for any purpose they desire, including, of course, starting to spend on next years work in research.
WHAT IS A SR&ED LOAN
Enter the SRED TAX CREDITS Loan! It leverages your claim into instant cash flow/working capital, even more so given the general ' SHRED' credit financing structure. Financings are structured as ' bridge loans, 'which enable you to monetize up to 70% of your claim today without making payments during the time of the loan.
When the combination of federal and provincial claims are approved and funded by the govt, the loan is in effect ' collapsed ' with your firm receiving the balance of the claim less financing costs which typically are ' mezzanine' in nature given the uniqueness of the financing.
CONCLUSION
Looking for even better news? Consider that claims can be financed before filing or even as you start next year's claim.
If you're looking to unleash the financing power of Shred Credits, consider a SRED Tax credits loan: Seek out and speak to 7 Park Avenue Financial, a trusted, credible and experienced Canadian business financing advisor who can assist you in the financing of your refund.
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Stan Prokop
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