Businesses that are VAT registered have to ensure funds are available each quarter for their VAT bill and this can sometimes put an unwelcome strain on cash flow, especially if the bill is larger than expected or the company wants to use its cash resources to invest in its business.
With our tailored VAT funding solution any business can benefit from spreading the VAT over the following quarter, which effectively turns a quarterly payment in advance into a monthly payment in arrears, releasing capital within the business and smoothing the peaks and troughs in cash flow.
VAT funding loans are becoming increasingly popular for businesses across the UK providing a new unsecured credit line that works alongside other traditional forms of credit.
- Repayment term = 3 months
- Loan size = £5000 to £500,000*
- Security = None or personal guarantee
- Funding decisions typically within 24 hours
- Payment to HMRC directly**
*funding is available for larger amounts on a case by case basis
** payment can be made to the client if the HMRC bill has been recently paid
See a success story