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.
Monday, May 25, 2015
Sred Tax Credit Financing And Factoring : The Quick Way To Address The Wait In Your SR ED Credits Claim n Canada
Breaking Into The Holy Grail Of SR&ED - Cash !
OVERVIEW – Information on Sred tax credit financing in CANADA . Factoring SR&ED / SR ED credits is a common method to achieve the full cash flow benefits of Canada’s refundable r&d program credits
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 the financing of 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.
The actual financing of your claim 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 years claim, this years filing, or even next years 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 in a timely manner, 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 with a track record of success who can assist you with your SRED Tax Credit Financing needs.
7 Park Avenue Financial :
http://www.7parkavenuefinancial.com
Business financing for Canadian Firms , specializing in working capital, cash flow, asset based financing , Equipment Leasing , franchise finance and Cdn. Tax Credit Finance . Founded 2004 - Completed in excess of 100 Million $ of financing for Canadian corporations . Info /Contact :
7 PARK AVENUE FINANCIAL = CANADIAN SR&ED TAX CREDIT FINANCING/FACTORING EXPERTISE
7 Park Avenue FinancialSouth Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Direct Line = 416 319 5769
Office = 905 829 2653
Email = sprokop@7parkavenuefinancial.com
' Canadian Business Financing With The Intelligent Use Of Experience '
ABOUT THE AUTHOR
Stan has had a successful career with some of the world’s largest and most successful corporations.
Prior to founding 7 Park Avenue Financial in 2004 his employers over the last 25 years were, ASHLAND OIL, ( 1977-1980) DIGITAL EQUIPMENT CORPORATION, ( 1980-1990) ) CABLE & WIRELESS PLC,( 1991 -1993) ) AND HEWLETT PACKARD ( 1994-2004 ) He is an expert in Canadian Business Financing.
Stan has over 40 years of business and finance executive experience. He has been recognized as a credit/financial executive for three of the largest technology companies in the world; Hewlett-Packard, Digital Equipment and Cable & Wireless. Stan has had in depth, hands on experience in assessing and evaluating thousands of companies that are seeking financing and expansion. He has been instrumental in helping many companies progress through every phase of financing, mergers & acquisitions, sales and marketing and human resources. Stan has worked with startups and public corporations and has many times established the financial wherewithal of organizations before approving millions of dollars of financing facilities and instruments on behalf of his employers.
Stan Prokop
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