Advanced Composites
The Challenge
Advanced Composites, a manufacturer of high-performance composite materials for aerospace and automotive applications, needed to expand their production capacity to meet growing demand. However, they faced challenges in securing financing for new equipment and were unaware of potential R&D tax credits for their innovative manufacturing processes.
The company had been turned down by several traditional banks for equipment loans and was considering delaying their expansion plans, which would have resulted in lost market opportunities.
Our Solution
We developed a comprehensive financial strategy that included:
- Detailed analysis of their R&D activities to identify qualifying expenses for tax credits
- Structured equipment financing proposal that highlighted the company's strong cash flow
- Implementation of improved financial reporting to better demonstrate business stability
- Strategic tax planning to optimize their overall tax position
- Cost accounting system to accurately track project profitability
The Results
Through our partnership with Advanced Composites, we achieved:
- Secured $1.2M in equipment financing with favorable terms through our network of manufacturing-focused lenders
- Identified and documented $135K in annual R&D tax credits for their process innovation activities
- Increased production capacity by 18% through the acquisition of new equipment
- Improved financial reporting that provided better visibility into business performance
- Enhanced cash flow management that supported their growth initiatives
Client Testimonial
"After being turned down by three banks, we were skeptical about our chances of securing the financing we needed. Schapira CPA not only helped us obtain the equipment financing but also identified substantial R&D tax credits we weren't aware of. Their manufacturing industry expertise made all the difference."
