Amount Financed: >$250k
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 expenses to be able to meet the needs of their clients.
Company Background: This company is a leader in point of sale system integration, allowing merchants to connect payment devices with point of sale systems.