Financing Description

Location: Ontario
Amount Financed: <$50k
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.

Telecom Company financed with SR&ED loan

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.