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Acorn Partners
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[c]Your Industry
Manufacturing
Manufacturers
face daily challenges, many of which are due to a lack of immediately
available cash to meet these different demands on their business.
Acorn Partners can provide your
business cash for the Purchase
Orders or Contracts you have been awarded from your
clients. You can uses those funds to purchase
your materials, pay wages, buy more equipment, get additional warehouse
space or meet other pressing financial demands on your company.
Once invoiced, we can give you cash
today for your accounts
receivable so that you don’t have
to wait for the 30, 60 or 90 days terms your customers take to pay you on credit terms given.
If you
have been developing a new manufacturing process or new products, you
may be eligible for a refund of some of your developmental costs from
the federal
and provincial
governments. Acorn Partners can give you cash based on the value of
those anticipated refunds through the SR&ED program, months before those governments would
prepare a cheque and refund your claim,
In fact,
if you have a history of successfully filing claims in the past, Acorn
Partners can give you cash every quarter or semi-annually on a pre-file
basis for your
incurred R&D
expenses, months before you file a claim. Even a first-time claimant
could be eligible to receive a substantial amount of their claim paid
by Acorn
Partners before they filed the finalized claim.
In some instances, Acorn Partners
can initiate an angel
investment solution to advance funds to your
company not as an equity investment but one which gives a return to the investors at
the time the company generates revenue and is profitable.
Manufacturers exporting their
product (export-insured) can obtain funding of those sales through our International
Trade finance solution providing the company
immediate cash for their sale often before it has even been shipped.
Similarly, Acorn Partners can provide your business cash to pay for
your imports
of raw materials or finished goods in order to satisfy your contracts
with your domestic customers.
Acorn
Partners will look at your specific situation and tailor a solution
using one or a combination of its services to provide you with the cash
to enable you to grow
your business.
Acorn
Partners’ services suggested for the Manufacturing Industry
Sector:
To make an inquiry about how Acorn
Partners can help you, click here.
Services
The service industry is as varied
as are the problems. Many of the problems that surface in a company are
created by the need to meet its short term financial demands. Acorn
Partners have several products to assist companies and manage those
short-term hurdles.
Landing a new contract often means having to employ
additional resources to meet the terms of the contract
yet your company may not have the immediate availability of sufficient
funds to service the client and fulfill the terms of the contract.
Whether you need to hire additional staff, purchase supplies or
have funding for any number of aims beyond the funds or available
financing your company has, Acorn can provide you these funds in
advance.
With
typical industry trade terms of 30 to 60 days, you may not have the
funds to finance those terms and pay for your staff or supplies. Acorn
can give you immediate funds for your receivables ,
relieving the financial burden of waiting those 30 to 60 days. We can manage
your receivables freeing up your accounting and administrative time to
be more productive.
Rather
than focusing on your company’s net worth
and credit-worthiness as traditional lenders operate, we
provide you funds based on
your client’s credibility
to pay you against a purchase order, contract or receivable up to 90% of its value. As a service
provider this makes considerable difference in the amount of funds that can be available to your
business, especially during periods of change in your business or your
industry.
Acorn
will look at your unique situation and your specific needs to tailor a
solution with you using one
or more of its products as either a stand-alone, one-time financing
arrangement or on a revolving
line of credit basis.
Acorn
Partners’ services suggested for the Services Industry
Sector:
To make an inquiry about how Acorn
Partners can help you, click here.
High Tech
Advances in technology place
demands on knowledge-based companies to remain on the leading edge of
change and position themselves ahead of their competitors. This means
continually re-engineering existing technology and creating new
technology to meet the ever-changing marketplace for their products.
With expenditures in research and
development being a greater budgetary consideration for this industry,
relative to others, in order to penetrate and maintain market position,
it can take months or years to realize on the investment in product
development.
Through a combination of Canadian Federal
and Provincial programs, companies may be eligible to recover a portion
of their R&D investment through the government Scientific
Research and Experimental Development (SR&ED) program*. However, refunds can take
several months (between 4 to 10 months on average) following the filing
of your claim.
Acorn Partners can give you immediate funds
against the value of your SR&ED claim both
on a post-filed
and a pre-filed
basis allowing you to fund
continued R&D and get
your product to market or satisfy other financial demands on your
business.
While the traditional lenders fund on a post-filed basis, we can provide
you funds on a pre-filed
basis. This can be done on a
quarterly or semi-annual basis during the period you are spending on
continued R&D, months before you file your finalized claim with
the Canadian Revenue Agency.
Landing a large Contract
or Purchase Order from a prospective or existing customer
can be a challenge should you not have the immediate financial
resources to complete the terms of the contract. Acorn can give you the
funds required against the contract or purchase order to allow you to
purchase materials, pay wages or satisfy other financial demands on
your company in order to complete the order in line with your
contractual obligations.
Selling products against credit terms
without having the resources to finance those trade terms in order to
be competitive places additional burdens on young high-tech companies.
Acorn will give you up to 90% of the value of your receivables
based on the credit-worthiness of your client, an important
consideration for new companies who have not developed the long credit
history required by the traditional financial industry.
Selling your products internationally
can be a challenge in having the cash to fund these sales and can
restrict your ability to sell globally. Acorn can provide you the funds
today against your insured exports.
Working with
you, we will tailor a solution to your business and your
specific needs, using one of our products or a combination of several
either as a one-time financial transaction or on a revolving line of
credit basis (giving you access to make multiple draws against your
line of credit).
Acorn
Partners’ services suggested for the High Tech Industry
Sector:
To make an inquiry about how Acorn
Partners can help you, click here.
Click
to learn more about government tax
credit programs
Multimedia
Several Provincial Governments and
the Federal Government have created programs to assist this industry
sector through the creation of refundable tax credits (e.g., Ontario
Film & Television Tax Credit, BC Film & Television Tax
Credit, Scientific Research and Experimental Development program. For
more information on these and similar programs, click here.
Acorn Partners is unique in its
exclusive ability to give companies funds, months in advance of the federal or provincial governments remitting payment against refundable tax
credit claims filed.
Like any other business, companies
in these industries also face challenges placing undue financial burden
on their business where traditional financial institutions may not be
able to adjust quickly enough, or at all to make sufficient funding
available to their business.
Acorn
can provide you with funds against a new contract
secured with a corporate or government client thereby allowing you to
fund all of your upfront and ongoing production costs or manage other
financial demands on your business.
Similarly we can provide you with immediate funds against the
value of your receivables
for clients already billed without your having to wait the 30, 60 or 90
days your customers take to pay you.
Acorn will work with you to
customize a solution to provide you the funds you need using one or
more of our products as a one-time transaction or on a revolving line
of credit basis.
Acorn
Partners’ services suggested for the Multimedia Sector:
To make an inquiry about how Acorn
Partners can help you, click here.
Other
Sometimes it is difficult
for a company to distinguish itself solely as a manufacturer, a high
tech or knowledge-based company or a service company, as it may have
elements of some or all of each.
Acorn Partners has products common for any industry
such as our receivable
financing, providing funds today for sales to customers on
trade terms so that your company does not have to wait the 30, 60 or 90
days until your customer remits payment to you.
For emerging companies, growth
comes from new client sales and securing a large purchase order or a
contract, obtaining the capital to fulfill the terms of the contract
can be a difficult challenge.
Acorn can provide you with
sufficient cash to hire additional staff, purchase raw materials or
supplies or meet other financial demands to allow you to complete your
contract through our Purchase
Order/Contract financing solution.
You may be eligible to obtain a
government tax refund through a number of programs should your business
be engaged in R&D (SR&ED program) or digital media/film
development and digital or film production, for example.* Acorn can
provide you with funds, months in advance of the government remitting
payment to you against the projected value of your refundable tax
claims.
We will customize a solution with you using one, or a combination
of our products as a one-time transaction or you can establish a
revolving line of credit allowing you to make with-drawls as needed to
fund your business growth.
Acorn
Partners’ services suggested for other industry sectors:
To make an inquiry about how Acorn
Partners can help you, click here.
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