Amount Financed: >$1,000,000
Type of Facility: SR&ED Financing
Days to Fund: 14
Use of Funds: This company has just started to generate revenue. They are already working on the 2nd generation of their product and new form factors for a new product. To fuel the R&D, they use non-dilutive SR&ED financing which compliments the millions of dollars of equity that has been invested.