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TCE Capital clients may require
increased cash flow to: |
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Continue to fund R&D programs |
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Expand their operations |
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Meet payroll obligations |
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Keep suppliers current |
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Take advantage of early payment discounts |
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Make government tax payments on time |
TCE Capital has been providing working capital
financing for growing Canadian business since
1992. TCE Capital is a Funder not a Broker which
means that you will deal directly with decision
makers who will work closely with you, your
advisors and Bank to ensure you obtain the
financing you need in a timely manner.
Financing Parameters: |
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TCE Capital provides SR&ED tax credit financing
facilities up to $1 million. |
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TCE Capital will respond to a completed
financing application within 48 hours. |
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Funding is typically advanced within 15 business
days. |
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Advance rates are 70% of the gross value of the
Federal and/or Provincial tax credit. The
remaining balance (known as a holdback) is
returned to you net of TCE Capital’s fees once the
payment has been received. |
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Discount rates range from 2.0-2.5% for each 30
days. |
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TCE Capital assesses its financing charges on a
daily basis and only charges for the actual
number of days that the tax credit is
outstanding (from date of advance to date of
collection). Minimum financing term is 60 days. |
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First time tax credit filings should be prepared
by a SR&ED Consultant or Accounting firm. |
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Funds are advanced on a recourse basis. If the
government does not pay the full amount of the
tax credit, you are responsible to reimburse TCE
Capital for funds owing. |
The TCE Capital Advantage: |
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You choose the tax credits you wish to finance.
TCE Capital will fund acceptable Federal and/or
Provincial claims. |
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SR&ED tax credit financing can generally be used
in conjunction with your present Bank financing. |
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Holdbacks are released immediately upon payment
of the tax credit. |
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In addition to SR&ED tax credit financing, TCE
Capital provides Invoice Discounting, also known
as Accounts Receivables Factoring, which is a financial transaction
whereby a company finances its invoices
(accounts receivable). TCE Capital also provides
financing facilities secured by inventory as
well as equity in equipment and/or real estate. |
TCE Capital will finance SR & ED tax credits for
new companies that do not have an established
track record and have incurred losses to date.
However, companies must be generating revenue.
Spend more time managing your business and less
time worrying about your finances. Improve your
cash flow today.
Contact TCE Capital today at (800)
465-0400 for additional information on working
capital and cash flow funding programs available
through SR & ED tax credit financing. |
