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  • Writer's pictureMyDreamFinance

Supercharge Your Company with SR&ED Financing

Updated: Sep 1, 2023

In today's competitive business landscape, continuous innovation is essential to staying ahead. Companies engaged in research and development (R&D) activities can take advantage of the Scientific Research and Experimental Development (SR&ED) program, which provides a valuable tax incentive. However, one of the challenges faced by businesses participating in the SR&ED program is the timing of the refund.

That's where SR&ED Financing steps in, offering a game-changing solution that unlocks growth and innovation. In this blog post, we will explore the advantages of SR&ED Financing and outline the eligibility criteria for this program.

Advantages of SR&ED Financing:

  1. Access to Capital: One of the primary advantages of SR&ED Financing is its ability to provide on-demand, non-dilutive advances on your accrued SR&ED refund. This unlocks a substantial portion of your anticipated tax credits, allowing you to access the funds you need when you need them. It provides a reliable and ongoing source of capital to fuel your innovation projects.

  2. Growth without Dilution: Unlike traditional funding methods that may require giving up equity or control over your business, SR&ED Financing allows you to retain full ownership and control. By leveraging your SR&ED refund as collateral, you can grow your business strategically without diluting your equity.

  3. Cost & Terms: With competitive interest rates and the option to choose shorter-term repayment schedules, you have the freedom to manage your cash flow and financial obligations in a way that aligns with your business objectives.

  4. Minimal Administrative Burden: SR&ED Financing eliminates the need for extensive financial reporting covenants, allowing you to focus on your core R&D activities. This streamlines the funding process and reduces administrative burdens, saving you time and resources.

SR&ED Financing is a powerful tool that can unlock the financial potential of your R&D projects. Our partner lender offers SR&ED financing options that address the challenges associated with the timing of SR&ED refunds. Here are the key features of our SR&ED financing program:

Eligibility: To qualify for SR&ED financing, your company should claim refundable SR&ED tax credits, showcasing your commitment to research and development. We accept first-time filers and even pre-revenue companies.

No Collateral Required: Our lender's SR&ED financing program does not require any other collateral. Instead, your SR&ED claim serves as the basis for accessing funds, providing a non-dilutive financing option.

Competitive Interest Rates: Our lender's SR&ED financing program offers competitive interest rates. We also provide flexibility in terms of shorter-term options, enabling you to align the financing period with your specific needs.

No Financial Reporting Covenants: We understand the importance of focusing on your core R&D activities. Therefore, our lender's SR&ED financing program does not impose financial reporting covenants, reducing administrative burden and allowing you to concentrate on driving innovation.

Limited Negative Covenants: We believe in providing you with the freedom to execute your business strategies. Our lender's SR&ED financing program has minimal negative covenants, granting you greater flexibility in managing your operations.

Pre-Payment Option: Should you choose to repay the loan before the designated term, our lender's SR&ED financing program allows for pre-payment. This flexibility empowers you to optimize your financial strategy and potentially save on interest costs.

Quick Access to Funds: Time is of the essence in R&D projects. Our efficient process ensures that you can access the funds within 10 business days, allowing you to maintain the momentum of your innovation initiatives.

Additionally, if your bank is already a first-tier lender, we are open to discussing how our SR&ED financing program can complement and enhance your existing banking relationship.

Contact us today to discover how MyDreamFinance's partner lender and our SR&ED financing program can fuel your research and development projects, unlocking the financial resources you need to drive innovation and achieve your business goals.



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