The smart bridge between your R&D credit and your growth – A SPRK R&D Flexi Loan combines the simplicity of our market-leading R&D advance with a flexible repayment option — so when HMRC pays, you’re not forced to repay everything at once. Keep cash in the business, stay focused on growth.
Flexi-loans aim to bridge the world of traditional R&D Advances and longer term lending.
Your Choice: Companies can chose to repay all or part of their R&D tax credit receipt
Flexible Repayment: Select a period to repay the balance of your Advance
Funding Speed: Funds are released rapidly, typically on the same day as approval, providing the cash needed to cover initial project expenditure.
Repayment Structure: Repay a minimum of 50% of your Advance and then repay the rest over 12 to 24 months via Direct Debit
Funding Type: The product is a hybrid between a bullet loan repayment and a traditional amortising loan
Value: SPRK advances a percentage of the total expected payable tax credit, on repayment of the HMRC tax credit SPRK will work with you to select the best option
How it Helps: Companies often look to extend their runway from R&D tax credit receipts. The Flexi-loan mean you keep control of more of your tax credit
Access your R&D tax credit early
Boost cashflow by advancing up to 80%
Increase Flexibility select a repayment option
Establishment fee
Interest rate
Zero
Quick & Easy application process
Fast approval and funding times
Zero interest repayments during term of initial Advance
Repaid
One set of standardised documents (first ranking debenture) for all Flexi-Loans
SPRK are specialists in Innovation Funding, and we’re here to help accelerate your business