elliotn
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Post by elliotn on Feb 12, 2018 15:13:06 GMT
Research and Development Advance loan, 10%, 400k, Unsecured.
Our borrower is using AI to interrogate video footage and has two previous successful RD claims (gov’t provide 1/3 cash rebate for qualifying RD); this loan bridges their 2017 claim whilst they start full trading this year. Repayment is made to AO.
Was up for a punt on the RDA but repayment is most likely contingent upon 4.6M funding round as well and, despite doing well in previous rounds, this one is larger and a double punt puts this beyond my risk appetite.
A loan type I’ll watch though, would have been my first AO loan.
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IFISAcava
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Post by IFISAcava on Feb 12, 2018 15:16:56 GMT
Research and Development Advance loan, 10%, 400k, Unsecured. Our borrower is using AI to interrogate video footage and has two previous successful RD claims (gov’t provide 1/3 cash rebate for qualifying RD); this loan bridges their 2017 claim whilst they start full trading this year. Repayment is made to AO. Was up for a punt on the RDA but repayment is most likely contingent upon 4.6M funding round as well and, despite doing well in previous rounds, this one is larger and a double punt puts this beyond my risk appetite. A loan type I’ll watch though, would have been my first AO loan. I'm still waiting patiently for the AO IFISA before committing more funds.
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m2btj
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Post by m2btj on Feb 12, 2018 15:34:49 GMT
Research and Development Advance loan, 10%, 400k, Unsecured. Our borrower is using AI to interrogate video footage and has two previous successful RD claims (gov’t provide 1/3 cash rebate for qualifying RD); this loan bridges their 2017 claim whilst they start full trading this year. Repayment is made to AO. Was up for a punt on the RDA but repayment is most likely contingent upon 4.6M funding round as well and, despite doing well in previous rounds, this one is larger and a double punt puts this beyond my risk appetite. A loan type I’ll watch though, would have been my first AO loan. I am a regular investor with AO & like the concept of R&D Advance Loans. I too feel this one's not for me but will be very interested in future offerings.
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wilja
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Post by wilja on Feb 12, 2018 17:43:20 GMT
68% filled. I like ArchOver and have several investments with them, the risk for this new loan seems a little to high for me. 10% is not quite enough.
If I could invest at £500 I would have participated, but 1k just to much for first dabble. Looking forward to similar offerings though.
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registerme
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Post by registerme on Feb 12, 2018 17:57:17 GMT
I like the idea of R&D tax rebate loans, but I'm not confident enough about them to invest when they're to companies swimming in ponds with other fish like Google and Alibaba.
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Post by captainconfident on Feb 12, 2018 18:58:35 GMT
Put off by the silly name of the company and the line in the blurb
"looking for a £400k advance on its R&D tax reclaim to accelerate its roadmap". Do what???
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shimself
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Post by shimself on Feb 12, 2018 19:47:43 GMT
Not really to the point, but just to mention that I was surprised by the revenue when they refused the Patent Costs element of my company's R&D claim. Well no complaints at the IR, they had to because it said so in black and white in the rules. But what a stupid rule. The absolute test of have we done something new is to apply for a patent, and it can be mighty expensive, and in many cases there's not much point in inventing something if everyone can copy you as soon as you launch it.
I had a go at my MP, who managed to get a letter out of some minister saying, no because patents are in fact capital investments. Tosser, if all R&D isn't an investment, albeit one that should be expensed immediately, I don't know what is ! So if anyone has a pet politician who might be interested please give them a prod.
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puddleduck
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Post by puddleduck on Feb 12, 2018 19:54:10 GMT
This loans feel as dodgy to me as the recent Moneything unsecured loan which seems to be relying on HS2 payments - I don't think loans should be presented that rely on a magic money tree payment down the line with zilch in the way of security.
I might be tempted to dabble, but the 1k minimum is too high a barrier of entry to me.
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mary
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Post by mary on Feb 13, 2018 13:42:49 GMT
Loan filled in 24 hours.
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m2btj
Member of DD Central
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Post by m2btj on Feb 13, 2018 14:30:18 GMT
Put off by the silly name of the company and the line in the blurb "looking for a £400k advance on its R&D tax reclaim to accelerate its roadmap". Do what??? I know what you mean! I once nearly invested in a company called Google.
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