Hockeystick Loan Applications Terms Pedro Lima
Below you will find a brief description of the 3 types of loan applications you will have access to on Hockeystick, as well as a breakdown of each of their unique fields:
1. Revenue-based Financing Application
Revenue-based financing is a means of raising funds where investors provide capital in exchange for a percentage of a company’s revenue. This is a financing model that allows lenders to fund a business dynamically, based on its past and future revenue.
How much funding are you looking for?
Funding amounts should be based on initiatives within the company that require capital, such as product development or hiring. Note: If you are unsure of how much funding you'll need, please leave this field blank
What is your company MRR?
Monthly recurring revenue (MRR) is the revenue a company expects to receive on a monthly basis, from their clients for providing them with products or services.
In-house/YTD Financial Statements
A company's year-to-date (YTD) financials cover the time period between the beginning of the year and the present day and include a breakdown of the company's earnings, revenue, and expenses.
2. SR&ED Financing Application
The Scientific Research & Experimental Development (SR&ED), is a federal tax incentive program for businesses engaged in research and development activities in Canada. The program aims to boost R&D activity across all sectors and is the single largest federal program supporting R&D in Canada.
How much funding are you looking for? With SR&ED financing, your company can receive a percentage of qualifying expenditures, to a maximum of $3 million of expenditures per year.
How many years of prior SR&ED refunds have you received?
Any unused SR&ED investment tax credit (ITCs) can be carried back 20 years, and the carry-forward years will depend on the rule that applies for the tax year the ITC was earned.
How many engineers do you have on your team?
The number of engineers allows you to calculate an approximate return amount, based on the average salary. There is no minimum or limit to the number of engineers you can have.
3. General Term Loans
A General Term Loan is a loan from a bank with a fluctuating interest rate. The total amount of which must be paid off in a certain period. An example of a term loan is a loan to a small business to buy fixed assets, such as a restaurant, in order to operate.
One Pager is a written pitch of your company. It contains an overview of your core business function, its offering or service, and how you bring it to market.
Historical Financial Statements
Historical financial statements consist of the past three fiscal years' worth of balance sheets, consolidated income statements, stockholder's equity, and cash flows for the company and subsidiaries.
Financial projections estimate your company's future financial performance. They consist of a balance sheet, consolidated income statements, and cash flow statements, for the upcoming fiscal year.