Finstock Capital launch new product to fix the R&D Tax Claim funding gap
Finstock Capital (“Finstock”) has launched a bridging product to help fix the funding gap for
businesses waiting for their research and development (R&D) tax claim to be paid.
Finstock provides businesses with funding of R&D tax claims from £50,000 to £250,000
which can support them with often critical short-term cash. Finstock Capital has seen delays
coming through from HMRC with some companies waiting for up to 6 months for payments.
Oliver Jenkinson, co-founder of Finstock Capital explains “We help companies to get early
access to the money that they will receive from HMRC following a claim for their R&D
expenditure by offering short term loans with flexible terms to match their individual
“We are able to look at unusual financing situations where, because of time constraints and
risk-aversion, traditional lenders are unable to service customers’ needs efficiently”
“Many firms prefer not to dilute the equity of their business and cannot obtain financing
from banks due to a lack of revenues or fixed assets. Typically, the time between first
contact with a company to the money hitting their account is 7 days or less. For a company
with payroll approaching and insufficient funds to pay it, this service can be a real lifesaver.”