InvestorIntel: A Low-Cost, Innovative Financial Lifeline for Resource Companies
Toronto, Ontario--(Newsfile Corp. - August 16, 2013) - Tracy Weslosky Publisher of InvestorIntel interviews Alkarim Jivraj Managing Partner of Espresso Capital Partners of innovative funding solutions. In this interview, Alkarim discusses how Espresso specializes in providing capital solutions for various companies, including those in the energy, mining and resource space. He comments: "In a market that has a real scarcity of capital, there's natural innovation. What Espresso has done is build a mechanized business for servicing that need... Most recently we've been getting a great deal of inquiry from the mining and exploration space. As a result, the mechanism that worked in the technology industry has come to the mining (and resource) space." Espresso finances SREDs, the Government of Canada's Scientific Research and Experimental Development (SRED) Tax Incentives. The SRED Program encourages Canadian businesses of all sizes - in all sectors -to conduct research and development in Canada. It is the largest single source of federal government support for industrial R&D. The SRED Program provides claimants cash refunds and/or tax credits for their expenditures on eligible R&D work done in Canada.
Espresso Capital knows that SREDs are intangible assets that can be difficult to value and monetize. Espresso's SRED financing products allow companies to borrow against these future tax-credit receivables and to deploy the resulting proceeds to fund growth investments sooner. Espresso's vision is to be the leading financial catalyst for emerging and growth-stage industrial resource and technology-based businesses. With minimum financing of $100,000 and loans of up to $5 million, Espresso's innovative and capital-efficient funding solutions unlock the intangible value inherent in resource companies (oil and gas, energy, technology, etc.) - filling the gap between bank debt and equity capital. Having funded well over $65 million in capital and upwards of 160 financings completed, Espresso has been a financial lifeline for many businesses through difficult times. As a result, each month the company continues to grow. Presently, Espresso says "yes!" to over 10 companies per month... and intends to double that number in the coming months.
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