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How Canada Sred Claims Deliver Cash Via Your SRED Financing Strategy !
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| Guest post by: Stan Prokop |
Article Overview: Information for Canadian business on who a Canada sred claim can be monetized via a sred financing loan . The financing of sred claims in Canada generates instant working capital and cash flow based on the quality and value of your sred grant . Cash flow and Finance Your Sr&ed claim today !
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How Canada Sred Claims Deliver Cash Via Your SRED Financing Strategy !
We probably couldn’t count the worries or challenges you have around your competition in Canadian business. But one way in which Canadian business stays ahead of the challenge is via the Canada SRED grant program. Sred claims deliver billions, (that’s not a typo - it really is billions) of dollars of non repayable grant funds to firms such as yours. So could Sred financing assist your firm to stay even more competitive?
We tell clients that we think it can, if only because it accelerates the cash flow and working capital that your firm has coming from its R&D claim
Your ability to ' unlock ' sred funds is simply a cash flow accelerator. Clients often ask what the required uses for those funds are if in fact you do choose to finance your sred claim. The reality is that the funds can be used for any general corporate purpose - so that includes of course general working capital and cash flow, the purchase or down payment of additional new equipment and technology, or, at its most basic, retirement of short term or long term debt on your balance sheet .
Your ability to quantify and demonstrate your business processes and advancements can result in hundreds of thousands of dollars of non repayable sred funds under the combined federal and provincial program.
There isn’t a business owner in Canada today, certainly that we have met, that doesn’t have some issues and problems with the role of government in business. Want a method of striking back?! Take advantage of sred and sred financing. Sred claims under Canada sred legislation are your encouragement to recover 30-40%, even more in your funds spent in the previous fiscal year.
We advise clients that the process around the financed of a sr&Ed claim is much defined. In fact in the 2010 environment, based on some new rules for claimants, its even more defined. Claims are most successfully financed when they are generated by a proper party - in the industry this party is known as a sred consultant, and their ability to craft and present a claim under new guidelines from the government is key to the ability to maximize your claim. Maximizing you claim maximizes financing, simply because under sred financing a typical advance is 70% of your claim, so the size of your overall total claim determines the financed amount, as in our example of the typical 70%.
It's common knowledge in the sr&Ed industry that a huge majority of companies eligible to claim a sred grant don’t do it. We have heard all the excuses, and we won’t weigh in on them now, but they typically include - - ' we haven’t heard of the program .... Is there an audit involved ... isn’t expensive to prepare a claim, we don’t have enough time, ‘‘‘... etc, etc!
We would rather preach to the converted. So if you are filing sred Canada claims and want to accelerate cash flow immediately then consider monetizing your claim. It’s a very basic process, via an application, providing back up on you sred, and being agreeable to collateralizing the claim via a basic documented process.
Speak to a trusted, credible and experienced sred tax financing expert to ensure you can easily and effectively enjoy the benefits of sred financing via a cash flow and working capital financing of the claim.
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About the Author: Stan Prokop RSS for Stan's articles - Visit Stan's website Stan Prokop is the founder of 7 Park Avenue Financial . The firm specializes in business financing for Canadian companies in the areas of working capital , asset based lending, SR & ED tax credit financing, equipment financing, franchise financing and banking .
Click here to visit Stan's website Lease Financing and Equipment Financing in Canada Your reasons to consider Important Lessons On Financing A Franchise In Canada Franchise Business Loan Success Is There A Hole In Your Leasing Finance Sidewalk Get A Canadian Lease Finance Company Your Antidote On How To Finance A Franchise Loan In Canada Secrets of Franchise Financing Companies Banks Canada Government Small Business Loans Let The SBL Loan Give You An A In Canadian Business Financing |
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