Venbridge is the leader in venture debt & SR&ED financing. With our competitive rates, automated systems, and cash in your account in as little as 2 days, we provide what you need to grow your business. If you need expertise in filing your claim, we can uniquely combine financing and consulting.
Check the list below for typical activities that qualify for government tax credits or grants. Chances are, if you have employees doing research and development, digital media production, software coding, or developing new technology, Venbridge can provide you with a credit facility. Whether you’re building equipment for the oil sands in Alberta, developing CRM systems in Ontario, building a social media platform in British Columbia, or investing in a transportation system in Quebec, Venbridge has venture debt financing solutions to meet your needs.
The best programs are the ones that will achieve your business objectives and maximize your operating cash flow while reducing risk. There are many programs available and it is best to start with the largest and easiest to access programs. For instance, SR&ED is the single largest tax incentive program in Canada. Most of the time companies undertaking R&D qualify for the SR&ED program. Venbridge’s SR&ED financing program can get you the cash you need now, so you can grow your business.
To effectively present your case for your tax incentive it is critical to understand what parameters are important to the government and the CRA and how to effectively articulate your project so that you qualify for the program. Almost all government programs require that you document your work effort and the time and/or money spent. This can be simple for structured experiments, capital acquisitions, and trade shows but can be much more complicated for SR&ED activities.
The key to a successful SR&ED claim is to determine how much time is spent on eligible activities and to be able to have evidence to support it since, unlike many other government incentive programs that focus on the results, SR&ED focuses on the effort made to advance technology. With all government incentives, having a systematic approach which complies with the program terms will maximize your refund or grant. Being organized and having a plan will help you have proper record keeping and a plan demonstrates maturity and efficiency. The easier you make it for the CRA or the granting organization, the more likely you are to maximize your returns and minimize the cost of compliance
Instead of, or complementing equity, venture debt has many advantages. Our clients tell us that the cost of venture debt is lower than the cost of equity, they like retaining more ownership of their company, the effort to fundraise is lower and the time to receive the funds is quicker. The faster your business is growing, the more sense venture debt makes.