Does My Business Qualify for Easly Advances?

Are you looking to accelerate the funding timeline of your Scientific Research and Experimental Development (SR&ED) refund? Easly’s Capital-as-a-Service Financing Solution gives you access to your SR&ED refund as it accrues throughout the year, so you don’t have to wait up to 18 months for the Canada Revenue Agency (CRA) refund. Our non-dilutive capital is a great way for companies to smooth out cash flow and accelerate their growth. The application process is streamlined and funding can begin in as little as two weeks!

How to Qualify

While innovative businesses and their supporters welcome the SR&ED tax incentive, waiting for the annual capital injection from the CRA can cause many businesses serious cash-flow problems.

That’s where Easly Advances come in. They’re the ideal solution to speed up access to your SR&ED refund. But, how do you know if your company is eligible?

Here’s What You Need to Apply for an Easly Advance:

Qualify for the SR&ED tax refund

If you’ve applied for and received an SR&ED refund in recent years, then you’re eligible to apply for an Easly Advance. Make sure you’re continuing to perform activities that meet the eligibility criteria for the SR&ED program set out by the CRA. You can find out more information about what qualifies for SR&ED here. 

Direct Your CRA SR&ED Refund to Easly – No payments throughout the year and no personal guarantee required

Update your file with the CRA to direct your SR&ED refund into a joint account accessible by Easly. Once the refund is issued, the Easly Advance is paid down immediately. Easly then transfers the remainder of the refund to you. There are no payments throughout the year, keeping the whole process cash flow positive on your balance sheet.

Confirm that your business has no outstanding tax liability

The amount Easly will loan your organization correlates to the SR&ED tax refund amount you expect to receive. So you need to supply confirmation that your company does not have an outstanding tax liability, which could affect the value of your refund.

For more details about eligibility criteria for Easly Advance’s and how to apply, visit our FAQ page.

We have become the go-to option for streamlined SR&ED financing for many Canadian companies participating in the SR&ED program. Regardless of size or industry, any company eligible for the SR&ED refund can apply for an Easly Advance.

Follow this link to start your application or get in touch with us to find out more by calling us at 1-844-474-7929 or emailing us at info@fundeasly.com.