FAQs about Easly’s investment tax credit (ITC) and grant financing platform:
What is an Easly Advance?
How do I apply?
What are the eligibility criteria?
What information is needed to apply?
How quickly will I receive funds once I’m on the Easly Platform?
I’ve had my SR&ED claim denied/reduced from the CRA. Am I still eligible?
Will my personal credit score be affected by applying?
Is a personal guarantee required?
What security is required for financing with Easly?
What if I have other secured creditors?
How does repayment work?
What if my SR&ED claim is delayed due to an audit?
What if my SR&ED claim is denied?
Are there termination fees if I want to stop drawing funds?
How do I draw funds each quarter?
How much funding do I have access to?
Are there any restrictions on the use of funds?
What grants does Easly finance?
You can obtain an Easly Advance on any grant that we review and approve. We are open to funding many provincial and federal grants, provided the funding agreement makes it possible. Our minimum loan amount on grants is $100,000.