Got questions?

We typically offer game or app developers £100,000 to £2,000,000 in funding. In some cases we offer more.

The funding process with FactorTech can be broken down step by step as follows:

1

The first step is to fill out our super simple application form via our site by clicking on Apply now. This form will only take you seconds to complete.

Just click on the ‘Apply now’ button. This form will only take you seconds to complete.

2

Initial call:

to set up a call within 24 hours of submitting your application.

3

We will request some materials for further assessment:

documentation relating to government tax credits or funding, cashflow history and projections (12 months actuals & forecast), any signed client contracts, an accountant comfort letter etc.

4

Review and offer confirmation.

Once we have received your materials we are able to process your application quickly and come to a decision. We strive to complete the process and for funds to land in your account within 2 weeks.

Part of this will depend on how quickly we can obtain materials from you. In general, for first time candidates, the turnaround time from first discussion through to offer is 2-3 weeks. For repeat candidates it can be as fast as 1 week.

Factortech is uniquely positioned to offer non-dilutive finance in the form of business loans. In some cases, we are also able to offer a convertible loan into equity, so you get the best of both types of financing. We seek to focus on your needs first and foremost.

FactorTech uniquely offers game developers a blended funding structure. We bring the best of both worlds by offering non-dilutive financing as well as equity funding to the table. This means that you are not limited by one model as Factortech can offer simple and quick funding in the form of credit, while also offering access to industry expertise and a deep network of gaming advisors to help you grow your business. Depending on your goals, we can also participate as equity investors in your business much like a venture or private equity fund would do. In some cases, we offer convertible loan notes into equity.

For our credit programme, you will need to factor in an accountant’s comfort letter and legal fees. These are minor, and typically range from £2,000-£3,000. If we provide your company with funding we will deduct these costs from the loan value, making it risk free for you to apply.

There is no one-size fits all, and each application is considered independently. Our interest rate starts from as low as 1.5% per month. The rate is established based on a number of factors including assessed risk, loan value and tenure.

Video Game Tax Relief (VGTR) is a tax relief scheme specifically for creative industry and funded by the UK government. VGTR gives UK game studios and developers a tax rebate worth up to 20% against the costs they incur on the design, production, and testing of a new video game.

R&D relief allows companies that carry out qualifying R&D related to their trade to claim an extra Corporate Tax deduction for certain qualifying expenditure.

Government grants are available in all kinds of forms – from reduced costs and free equipment, to cash awards to help your new business grow. Generally, government grants come in the form of a direct grant.

We are sector agnostic, although we have a strong track record in lending to businesses in biotech, fintech, climate tech, video games and media tech sectors across Europe.

Yes! If you apply for funding with Factortech we would review your accounts and provide support if you need it. We also have a trusted network of accountants and grant writers we can refer you to who can help in more depth.