YOUR COMPANY IS LOOKING FOR BUSINESS 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 - INFO@7parkavenuefinancial.com
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Direct Line = 416 319 5769
Email = sprokop@7parkavenuefinancial.com
Sred tax credit financing is simply the quick way to end the wait for your SR&ED refund. The finance and factoring of sr ed credits allows the business access into the ' holy grail ' of Canada's ' Scientific Research and Experimental Development' program - aka ' SHRED.' Let's dig in.
By both improving their products and processes the refundable credit R&D program allows firms such as yours to stay competitive. That reason, coupled with the govt's willingness to assist in financing that R&D capital investment you make, clearly makes this program a winner for the thousands of firms that routinely recoup billions of dollars annually.
While your company, your Sred consultant, and your accountant are responsible for preparing and submitting and filing your claim, the fourth leg on that stool is your ability to finance that claim. Notwithstanding the Canadian gov'ts stated commitment to process claims quickly, the bottom line is that a considerable waiting period can occur before your claim is received, processed, potentially audited, and finally .. refunded!
That interim period is often the most difficult one for many firms, many of which are start-up or early stage and require cash flow sources they might otherwise not qualify for. Many earlier stage firms rely on this loan as the most important aspect of their annual cash flow planning. Enter financing and factoring of your SR ED credits!
The question clients always us is of course ‘How much can we get? ‘as it pertains to their SRED tax credit filing. There's a two-pronged simple answer there. The total amount of your actual SR ED refund is determined by yourself in conjunction with your ' SHRED ' consultant and your accountant.
Your claim's actual financing delivers a total cash flow benefit of typically 70% of that total claim. For example a 200k claim typically qualifies you for a SR&ED bridge loan of 140k. By the way, you can finance, at your choice, last year's claim, this year's filing, or even next year's claim as you embark on further r&d. Typical claims deliver a refund approximating 30-40% of your total r and d spend. The folks known as ' SRED Consultants' add credibility to your claim via their expertise, as well as their ability to maximize the full amount you are eligible to receive back.
Processing your claim promptly and then taking advantage of the ability to finance your claim delivers cash flow your company can use for any general corporate purpose, many times being simply... more r&d.
The additional benefit of 'factoring' (aka ' selling ') your SR&ED credit is that these loans are structured as ' bridge loans' with no payments made. The loan is collapsed when you receive your refund, at which time financing costs are calculated and deducted.
If you're looking for the holy grail of SR ED, i.e. your cash !... seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your SRED Tax Credit Financing needs.
Stan Prokop
