Introducing Easly, formerly known as Rapid Capital.

We are pleased to announce that Rapid Capital is now Easly, developed to make it easier for Canadian businesses of all sizes and types to take advantage of the SR&ED Program through non-dilutive capital funding. Easly helps reduce the time commitment and stress involved in the SR&ED refund process, and allows businesses to receive advances on their SR&ED refunds up to 15 months before they file for SR&ED.

Proven Ability to Offer Forward-Thinking Funding Sources

Wholly-owned and privately-held by an award-winning United States company, Easly has financed over $15 million in SR&ED claims since 2017. With the ability to assist businesses of any size, Easly has facilitated claims ranging from $50,000 to more than $2,000,000.

Backed by decades of experience within the SME lending and credit markets, Easly brings exceptional expertise, in-depth domain experience, and innovative insight in working with government tax programs and incentives to its clients. This unique combination of industry-leading attributes enables Easly to create and deliver cutting-edge products that are tailored to the specific needs of their clients.

What the SR&ED Program Means for Businesses

Designed to encourage businesses of all sizes and types to invest in research and development (R&D) activities, the SR&ED Program is administered by the Canadian Revenue Agency (CRA). Each year, 20,000 claimants access $3 billion worth of tax incentives. About 75 percent of these are small businesses.

Though the specific incentives available to a particular business can vary based on the applicant, a deduction of the SR&ED expenditures from the company’s taxable income that leads to a reduced tax calculation in terms of taxation is one possibility. A company could also be entitled to an Investment Tax Credit (ITC) based on SR&ED expenditures that reduce the income tax liability of the business. In some cases, the ITC that remains could be issued as a refund.

Easly strives to make the entire SR&ED experience as streamlined, quick, and painless as possible. Easly understands that to thrive, a business must focus its efforts on meeting its goals. Using a unique, low-touch process online that allows Easly to assess a company’s credit and SR&ED expenditures with minimal time commitment from its clients, qualified businesses could be approved in as little as two weeks.