YOUR COMPANY IS LOOKING FOR A SR&ED LOAN !
BRIDGE LOANS FOR SR ED TAX CREDITS
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
A SR&ED Tax Credit Loan is one of the best ways for small to medium sized businesses in Canada to address some critical working capital and growth and survival issues. If the Canadian business owner or financial manager is committed to R &D then financing tax credits allows you to turn the tables in a very positive manner with respect to your sr ed claim. Let's dig in
The SRED PROGRAM ALLOWS YOU TO RECOUP YOUR RESEARCH AND DEVELOPMENT COSTS
It's pretty basic stuff that firms such as yours who are committed to research in product innovation and processes are doing that to stay one step ahead of the game when it comes to competition. Unfortunately there's a financial cost attached to that investment commitment, and that's whether you're a start up pre-revenue /early stage revenue business, or established for years. The formal name of the program is the Scientific Research And Experimental Development Program
It's a pretty safe bet that companies that innovate have a better chance of surviving. We read about one company named APPLE that ... well apparently you've heard the story also.
THE SR&ED REFUND IS A FEDERAL AND PROVINCIAL GOVT REFUND CHEQUE
The good news is that the Canadian government recognizes that investment you make also via the SR&ED program in Canada. And you can take that program one step further, as we have noted, by financing your sr ed claims / tax credit instead of waiting for your cheque to arrive from Ottawa and your provincial capital. (‘SR&ED’ credits are a two pronged credit - federal and provincial).
IS THE SR ED PROGRAM REFUND WORTH YOUR TIME - YOU DECIDE!
It's a pretty safe assumption that firms who could in fact invest in R&D and scientific research sometimes don’t as a simple measure of the capital required to move their products and services forward in a competitive manner. Simply speaking, they feel its ' cost prohibitive'. By the way , many business owners we meet who are great candidates for SR&ED also say it's ' too much paperwork' ; and that is an excuse we have a real problem in accepting when the government of Canada hands out Billions ( yes that's Billions with a B ) to the SME sector to your competitors.
THE ROLE OF THE SR&ED CONSULTANT
That same excuse of ' too much paperwork ' brings out a key point in the whole SRED financing process. Sred claims that are financed tend to be financed by SRED consultants - professionals prepares of your claim. Their experience and integrity adds a lot to the SR&ED investment tax credit loan process.
HOW DO SR&ED FINANCING LOANS WORK?
So how does the whole financing of tax credits work. It's a more basic process than you think. Credits are financed at 70% of their value in general. They take the firm of a bridge loan with no payments - i.e. your firm receives the funds for your filed credit and your loan is paid and closed when funds are remitted from the government. Claims are filed at the end of your fiscal year at which time the government will start to process you claim as you enter the ' waiting zone' for your cheque/refund!
A SR&ED CREDIT LINE - YES YOU CAN!
And as the man or lady on TV says ' BUT WAIT... THERE'S MORE’! (We supposed this is our version of a SRED Finance infomercial!) . One of the newer trends in tax credit finance is accrual finance, or R &D credit lines, allowing you to monetize next years claim... today!
CONCLUSION
If you want to turn the tables on the waiting game for your refundable tax credit seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with the tax credit financing tool you need to maintain your competitive posture.
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Stan Prokop
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