FUNDING / LOAN PROCESS
Three distinct prepayment offerings are available:
1. Prior year expenditure. This offering allows eligible R&D companies to receive a prepayment against their prior year’s expenses before registering their annual activities and lodging the company’s tax return.
2. Current year expenditure. The second prepayment offering allows eligible R&D companies to draw down the loan against the current year R&D expenditure on a quarterly or half-yearly basis.
3. Longer term – against a partially funded R&D plan and budget, backed by a positive Advanced Finding – whereby the prepayment loan will be provided at the commencement of a project or financial year (capped to 60% of the R&D capital on hand).
Refer the R&DCP flyer for detailed examples of the above offerings.