Some firms are in need of their SR&ED refund far sooner than the CRA can process their claim, therefore public and private lenders provide financing solutions to claimants. Public lenders tend to shape their financing terms on a firm's short-term and long-term assets, while private lenders will focus primarily on the firm's history with the SR&ED program, as well as the quality and strength of the claim in question. Given that the claim is secured by an anticipated receipt of a tax credit, firms can receive financing for both pre-file and post-file claims.