The next six months in the evolution of your company can often make a world of difference. However, finding the financial resources to get you there can be difficult. Equity looks expensive when you can see the milestones right in front of you. Espresso Capital’s SREDLoan is a short-term loan that bridges the timing gap between the filing of the company’s tax return and receipt of the SR&ED refund.
The SREDLoan is available both on a pre-file and post-file basis. It delivers cash quickly and efficiently so your company can focus on hitting the next milestone and delivering stakeholder value.
A SREDLoan is scalable, from $100,000 to $1.5 million, and does not involve any equity dilution.
How it works:
- You have spent eligible R&D money. It is a future asset of your company, but lenders do not recognize it as an asset that can be monetized. Espresso Capital does.
- You could wait for up to a year to get that SR&ED money, but Espresso Capital unlocks this capital so that it can be redeployed immediately.
This working capital can be used to:
- Provide a funding runway until you close an equity financing
- Launch a new product
- Develop a key milestone
- Acquire strategic assets
- Energize sales channels
The SREDLoan is easy to use, flexible and cost-effective. This is capital efficiency at its best.
Click here to discuss how a SREDLoan can deliver exponential value to your company.