Luigi Vendittelli
π€ SpeakerAppearances Over Time
Podcast Appearances
Because of the fiscal perks.
So I didn't even know that.
And I thought, this is great, you know?
But I had to get accredited first by the government.
And in order for me to get accredited, I need to get audited.
oh so i got audited and i passed okay and i was like this is great i had nothing to hide and they said you've got it you have your attestation as they say which is like a document that says you are now accredited by the government to receive if you have if you're if you're eligible for credits then you you have you're eligible you can get them the bank helped so the bank got involved they were so impressed with what we were doing
that they brought a committee to the office, the VP of the bank was there.
I got goosebumps, company in Montreal doing this, Area 51, this is incredible, whatever, we're going to help you out.
So they helped us through and got us a consulting firm to help us facilitate the credits, which was great.
I said, I don't have time to do it anyway.
And the bank was going to
Fund the credits because when you get approved and the government says, okay, we'll send you $250,000, $300,000, whatever it is, they don't send it to you right away.
It's 18 months.
So it's not like, oh, great, I'm going to get the money right away.
The bank knows this and it's an opportunity for them.
Because the banks say, we'll front you the money and we'll charge you interest.
And when you get it, it's guaranteed money to us.
You pay us the money.
So I thought, all right, I'll go ahead.
Why not?