Our blog highlights Canadian Business Financing solutions via receivable finance , equipment finance, working capital financing, asset based lending, business acquisition financing,franchise finance, and tax credit monetization via SRED and Film Tax Credits. Our goal is to educate and assist Canadian businesses with their financing needs. You Are Looking For Canadian Business Financing! Welcome to 7 Park Avenue Financial Call Now ! - Direct Line - 416 319 5769
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In 2004 I founded 7 PARK AVENUE FINANCIAL. At that time I had spent all my working life, at that time - Over 30 years in Commercial credit and lending and Canadian business financing. I believe the commercial lending landscape has drastically changed in Canada. I believe a void exists for business owners and finance managers for companies, large and small who want service, creativity, and alternatives.
Every day we strive to consistently deliver business financing that you feel meets the needs of your business. If you believe as we do that financing solutions and alternatives exist for your firm we want to talk to you. Our purpose is simple: we want to deliver the best business finance solutions for your company.
Saturday, November 20, 2010
How Canada Sred Claims Deliver Cash Via Your SRED Financing Strategy !
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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Stan Prokop - founder of 7 Park Avenue Financial - http://www.7parkavenuefinancial.com
Originating business financing for Canadian companies , specializing in working capital, cash flow, asset based financing . In business 6 years - has completed in excess of 50 Million $$ of financing for Canadian corporations .Info re: Canadian business financing & contact details :
http://www.7parkavenuefinancial.com/sred_financing_sred_claims_canada_sred.html
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