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R&D credit advance (pre-claim) suits UK-incorporated SMEs with supported R&D expenditure. Many lenders prefer prepared claim documentation, often supported by an R&D tax specialist, rather than relying purely on future intent. You will usually need evidence of accounting history, company ownership or control, and a due-diligence review of both the R&D nature and eligibility likelihood. Facilities for needs like £700k are commonly assessed against anticipated payable value, with typical terms around 6 to 18 months and costs often broadly in the 8% to 20% per annum range all-in.

R&D credit advance (post-claim acceptance) is structured for cases where your claim is already submitted and supported by documentation showing HMRC status. Eligibility still requires due diligence, including financial information and a review of the supporting schedules that underpin the expected payable credit. Because claim certainty is often higher once the claim has been accepted, decision times can be shorter, commonly around 5 to 15 working days after evidence is complete. Typical terms are often 3 to 12 months once your claim position is clearer, and pricing may be in the broad 7% to 15% per annum all-in range, with an arrangement fee possible.

R&D credit factoring or purchase of receivable is used where an R&D claim has reached a stage where it can be structured as a definable entitlement, or where the finance provider can acquire or take assignment of the anticipated benefit. For around £700k, facilities are typically sized to the expected credit value, adjusted for risk or discounting in the receivable-style mechanics. The structure is often priced as the cost of purchasing the receivable, rather than a simple interest rate, with effective annualised costs frequently landing in ranges similar to other advances, often broadly 8% to 18% per annum all-in. Decisions can be around 1 to 3 weeks, depending on enforceability and legal set-up.