Location: British Columbia
Amount Financed: >$100,000
Type of Facility: SR&ED and IDMTC
Days to Fund: 11
Use of Funds: The company had success in a couple of markets and had the opportunity to expand internationally and into different markets. The investment in sales and marketing was costly, and the company wanted to show an improved income statement before raising additional funds. The non-dilutive loan was the perfect fit.