R&D tax credit loan

Quick facts

An R&D tax credit loan is a newer type of loan that uses your future R&D tax credit payments as security. You first need to qualify for an R&D tax credit and you have to spend the money on research and development.

There are a growing number of finance providers who might advance funds to you against your R&D tax credit claim. It follows that you first need to qualify for an R&D tax credit before you can access an R&D tax credit loan.

The main benefit of an R&D tax credit loan is that you can access funds within a week of your first conversation with the lender. This is helpful because, by contrast, you could be waiting many months before you receive your tax credit. 

While R&D tax credits are a great way of funding your business and getting expenditure back in the form of a tax credit, you might not see the money for up to two years. This is because you have to wait until the end of your company’s financial year before you can prepare your accounts and file for the credit. You then have to wait an extra 6-12 weeks (often up to 12 months). 

With an R&D tax credit loan, you don’t have to wait. Like any business loan, however, you have to pay interest and you might have to pay a fee.

Register now for funding and savings options tailored to your business.

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Disclaimer: Swoop Finance Pty Ltd (ABN 52 644 513 333) helps Australian firms access business finance, working directly with firms and their trusted advisors. We are a credit broker and do not provide finance products ourselves. All finance and quotes are subject to status and income. Applicants must be aged 18 and over and terms and conditions apply. Guarantees and Indemnities may be required. Swoop Finance Pty Ltd can introduce applicants to a number of providers based on the applicants’ circumstances and creditworthiness, we may receive a commission or finder’s fee for effecting such introductions. Swoop Finance Pty Ltd does not provide any kind of advice and in giving you information about providers products, we are not making any suggestion or recommendation to you about a particular product. Offers of finance are subject to a separate assessment process by the provider and subject to their terms and conditions. If you feel you have a complaint, please read our complaints section which is contained within our terms and conditions.

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