Project Description Type of Facility: SR&ED Financing Days to Fund: 19 Use of Funds: This company has a seasonal business and therefore there are times of the year where there is little revenue but cash is needed to build inventory and other times where there is significant revenue. the SR&ED financing allowed the company to continue to invest … Read more
Project Description Type of Facility: SR&ED Financing Days to Fund: 6 Use of Funds: Pivoting from a service to a SaaS business can be costly. This bridge loan provided the company with the cash needed to continue to invest heavily in software development while ensuring their clients continued to receive the same great level of service. Company Background: This agency … Read more
Project Description Type of Facility: Bridge to equity Days to Fund: 13 Use of Funds: This company had a signed term sheet, was burning cash and needed additional funds to continue to bring on additional investors, complete due diligence, and have the lawyers have time to close the round. The company took the bridge in 3 draws, each … Read more
Project Description Type of Facility: SR&ED Financing Days to Fund: 6 Use of Funds: With small bootstrapped companies, even the slightest positive or negative impact on the P&L can put a serious strain on a company. This company was great at forecasting their cash flow. Being part of an incubator, they had resources and mentors to assist them … Read more
Project Description Type of Facility: SR&ED Financing Days to Fund: 19 Use of Funds: When this company found the right product-market fit, the demand for their solution skyrocketed. There was a need to open a new office in Toronto, ramp up R&D and hire business development people. By bootstrapping for a few more months, revenue would significantly increase … Read more
Project Description Type of Facility: SR&ED Financing Days to Fund: 21 Use of Funds: After months of hard work the floodgates opened and multiple orders were received. The solution consisted of a combination of devices and software sold as a SaaS solution. The funds were used to deploy the solution, gain the confidence of the client and ramp … Read more
Project Description Type of Facility: SR&ED Days to Fund: 8 Use of Funds: Every few years a company has a step-change in revenue. This company has found the perfect product-market fit and has landed a massive contract that they need to deploy as the revenue is generated on a recurring basis. The SR&ED loan will help with all operating … Read more
Project Description Type of Facility: Grant Financing Days to Fund: 18 Use of Funds: As the company is early stage, the funds are being used for R&D to enhance the product and get it ready for market. This company is slightly unusual in that they qualified for funding yet do not have meaningful revenue. Company Background: This organization engineers … Read more
Project Description Type of Facility: Bridge to Equity Days to Fund: 8 Use of Funds: This significant equity raise was taking longer than expected as there were foreign investors. The company needed the additional runway to continue operations until the cash was in the bank. Company Background: This company has created a web-based product that provides online training for … Read more
Project Description Type of Facility: SR&ED Financing Days to Fund: 14 Use of Funds: Transitioning a services business to a SaaS business can be costly. This company had found that their clients were very receptive to the recurring revenue business model but needed the cash to continue to develop their SaaS platform. Company Background: This company has created a … Read more