Funding Details

Location: Québec
Amount Financed: >$500K
Type of Facility: SR&ED Financing
Days to Fund: 21

Use of Funds: This company has long-term contract with automotive and other customers.  Typically, there is a significant R&D investment to design and manufacture the solution needed.  It can take 6 to 12 months of engineering, and up to 2 years before delivery of the first part.  This is a perfect example of effectively using financing for a manufacturer with a large contract in hand that requires significant upfront investment.

Company financed with SR&ED loan

Company Background: This company creates modern ear and hearing protection devices to protect the hearing of users. This company has been creating some of the most innovative new hearing products since 1987.