Frequently asked questions
GENERAL
The R&D; tax credit is a government incentive that entitles companies a cash refund on eligible expenditure. Fundsquire can advance up to 80% of a future R&D; tax credit refund.
Fundsquire can provide up to 90% of future grant payments or milestones as a simple loan to be repaid with the grant payment. Fundsquire can only offer funding to companies with approved grants.
Fundsquire can provide up to 4x MRR to companies with a track record of revenue generation, to be spent on business growth. Speak to our team about our transparent pricing and repayments model.
We’ve provided $110m+ AUD in funding to more than 250 companies in Australia, the UK and Canada…and we do it by taking the time to personally understand your business, technology and vision. We value people, first and foremost, and continually work to deliver value personally to our clients.
No, we do not take personal guarantees and offer founder friendly terms.
Our upfront fee is refundable if Fundsquire declines the loan for any reason. The fee is non-refundable if the client chooses not to proceed after going through our credit process.
The rest of the facility fee, as well as any accrued interest (if applicable), is all paid on repayment of the loan. There are no monthly payments.
Fundsquire has an exclusive agreement with Fasanara Capital, who provides our lending facility.
R&D Tax Credit Loans
Companies making investments in research, technology or scientific advancement generally
Fundsquire’s requires companies to have a future R&D; tax credit greater than $75,000. The simplest and fastest way to apply is via our customer portal and application, which will ask you to connect your accounting and banking platforms. Manual upload of financial information is also available.
The application and credit check process typically takes 10 business days, however this does fluctuate with the complexity of your company’s financial position, and how fast you can provide the required information.
Fundsquire offers from $75,000 to $1m in funding. Higher amounts are negotiable on a deal-by-deal basis.
No, we do not take personal guarantees and offer founder friendly terms.
Any company eligible for an R&D; tax refund is eligible for Fundsquire R&D; tax credit loan.
A debenture with a fixed and floating charge.
No, we work with many pre-profit, and even pre-revenue companies.
Once the loan has been approved, we monitor it through monthly check-ins and updated documentation. This continues until the loan is repaid through the ATO refund.
The interest and principal is paid off when you receive the refund from the ATO. Any remaining balance from your ATO refund will be transferred directly into your bank account.
Yes, and there is no penalty in early repayment.
We will have to register a first ranking charge at least for the R&D; tax credit. This can be negotiated with your other charge holders and set in place through a Deed of Priority.
Though you do not need to work with an R&D; advisor, we will need a Funding Eligibility Review document completed by a specialist consultant or accountancy. We can recommend you to one if you need.
No, we work with most R&D; Tax Credit advisors.
We work with our clients closely during any delays or reviews, and set up a reasonable payment schedule in case of further delays.
Grant Advance Funding
Businesses that have received or have been approved for most Australian federal and state-level government grants are eligible. The simplest and fastest way to apply is via our customer portal and application, which will ask you to connect your accounting and banking platforms. Manual upload of financial information is also available.
The application and credit check process typically takes 10 business days, however this does fluctuate with the complexity of your company’s financial position, and how fast you can provide the required information.
Fundsquire offers from $40,000 to $1m in funding. Higher amounts are negotiable on a deal-by-deal basis.
We lend to any business that has an approved government business grant.
No, we work with many pre-profit, and even pre-revenue companies.
Once the loan has been approved, we monitor it through monthly check-ins and updated documentation. This continues until the loan is repaid upon payment from the grant body.
Yes, and there is no penalty in early repayment.
Though you do not need to work with a grant advisor, many services offer support with grant applications, including creating grant proposals and grant management.
Revenue Based Finance
We can lend to any business that has had at least 6 months of revenue. We take all forms of revenue into consideration, without a restriction on revenue streams. The simplest and fastest way to apply is via our customer portal and application, which will ask you to connect your accounting and banking platforms.
The application and credit check process typically takes 10 business days, however this does fluctuate with the complexity of your company’s financial position, and how fast you can provide the required information.
We offer loans starting at $40K.
No, we work with many pre-profit businesses.
Once the loan has been approved, we monitor your business through our platform and data connections. This continues until the loan is repaid.
We charge a small, fixed percentage fee. Repayment fluctuates monthly with your revenue.
Our goal is to stick to our original estimated percentage share of revenue for repayment. Any adjustments may have to be made on a deal-by-deal basis for extenuating circumstances.
The total time to repay depends on your future monthly revenue and the agreed percentage.
100% of your capital is available for you to use once approved. You can use the funding as needed for sales, inventory management and marketing.
Yes, and there is no extra fee.
Do you think R&D; funding might be for you?
No business or path to success and growth is the same. If you have a question, are ready to apply or would like to learn more about Fundsquire, please contact us today.