Amount Financed: >$500,000
Type of Facility: SR&ED Financing
Days to Fund: 14
Use of Funds: A classic story of a company working with large multinationals who take a long time to pay. The sales are taking off and funds are needed to hire people to deploy the solution. However, as healthcare/pharma can take a long time to pay, this bridge will give the company the capital needed to hire the staff.
Company Background: This company provides healthcare companies with a platform that enables them to engage in conversations with customers and healthcare professionals through AI and chat bots.