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 to make informed decisions. The loan provided was a small one that helped hire contract software developers.
Company Background: This company applies uses speech, audio, and machine learning to voice communication. Their products enable voice chat using patented VOIP technology enabling easy hands free communication.