Funding your share while you wait for a grant
Most government programs pay only a share of a project, often 50%, and many reimburse costs after the business has paid them. That leaves the business to fund its own share, and to front the program's share until the money arrives. Voxen arranges financing for that gap with its existing products, assessed on the business's revenue and file.
Start an applicationWhy there is a gap
Look at the cost-sharing rules of the programs on this hub. RTRI pays up to 50% of eligible costs. ESSOR's first stream pays 50%. The FLI lends no more than 50% of a project. PME MTL expects the business to put in at least 20%. Under Hydro-Québec's small business stream the customer pays at least 10%.
Timing adds to it. A tax credit, like SR&ED or the CRIC, is paid after the spending and after the claim is processed. Programs that reimburse costs pay after the invoices are paid. In between, the business carries the cost.
Which financing fits which case
These are Voxen's existing products, with the ranges shown on each product page. None of them is a grant product, and none uses a grant as security.
| Financing | Range | What it covers here |
|---|---|---|
| Line of Credit | Credit Limit: $10,000 – $1,000,000 | Working capital while you wait for a reimbursement or a refund. Draw what the project needs, pay it down when the money arrives. |
| Bridge Loan | Loan Amount: $30,000 – $5,000,000 | A short loan for a defined gap, when you know where the money that repays it will come from. |
| Term Loan | Loan Amount: $10,000 – $2,000,000 | Your share of a larger project, repaid in fixed instalments over several years. |
| Equipment Financing | Equipment Value: $10,000 – $5,000,000 | The equipment itself, whether a machine, a truck or a heating system, financed against that equipment. |
| Invoice Factoring | Facility Size: $30,000 – $50,000,000 | Cash from unpaid customer invoices, when slow-paying customers are what makes the wait hard. |
What Voxen looks at
The same things it looks at for any file: the business's revenue and deposits, its bank statements, how long it has been operating, the debt it already carries, and what the money is for.
Six months of business bank statements is the common requirement across every product. What is added on top depends on the product and the size of the facility. Format matters as much as content: most rejected document sets are rejected on format, not substance.
Honest limits
- The grant is not security. No lender on Voxen's panel has confirmed it advances against a grant or contribution agreement, so Voxen does not offer a grant advance.
- A file that does not qualify on its revenue and statements does not qualify because a grant is coming.
- Financing has a cost, and the program does not pay it. Weigh that cost against the project before you borrow.
- If the program pays less than expected, or later, or not at all, the financing is still repaid on its own terms.
- Voxen does not prepare or submit grant applications and plays no part in any program's decision. If you want help with an application, ask and we will point you to specialists who do that work.
Not sure which program fits? Ask us
Tell us about the project and we will tell you which programs are worth a look and what financing could carry your share. Voxen does not prepare grant applications; if you want help with one, we can point you to specialists who do that work.
Notice
Voxen Capital is a private financing broker, not a government body. It does not decide, influence or guarantee any grant, credit or government loan, and it does not prepare grant applications. Program details change: check the official page before you apply.
Frequently asked questions
Can I borrow against a grant I have been awarded, through Voxen?
No. Voxen does not offer a grant advance, and no lender on its panel has confirmed it lends against a grant agreement. Financing is assessed on the business's revenue and file.
What happens to the financing if the grant is refused?
It is repaid on its own terms, whatever the program decides. That is why it is assessed on the business's revenue and statements, not on the grant.
Which product is right for my project?
It depends on the gap. A line of credit carries working capital during a wait; equipment financing pays for equipment a program co-funds; a term loan carries a defined share of a larger project; factoring helps when customers pay slowly; a bridge loan fits a known amount over a known period.