Type of Facility: SR&ED Financing
Days to Fund: 12
Use of Funds: Developing biopharmaceuticals requires deep pockets and patients. After selling solutions to governments and corporations around the world, the company needed additional funding to invest even more heavily in R&D. The SR&ED loan was provided in multiple disbursements to meet their cash flow needs.
Company Background: This biopharmaceutical company focuses on the development and production of antibody and protein drugs – with the goal of making them faster and more cost effective.