PRODUCT DETAILS
Expansion & Growth Finance
For any business, growing and expanding can be one of the toughest times to get through so whether it is the need for additional staff, for new premises or something else securing the right funding to assist these plans is essential. The correct funding ensures that financial pressure is removed providing peace of mind during this exciting time.
Details
- Repayment term = 6 months to 5 years
- Loan size = £1000 to £500,000*
- Security = None or personal guarantee
- Option to settle early without penalty
- Funding decisions typically within 24 hours
*funding is available for larger amounts on a case by case basis
VAT Funding
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.
Details
- 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
Asset Finance
Asset finance is a simple funding solution that provides businesses with access to cash for investment in an asset including;
- Plant & machinery
- Commercial vehicles, ranging from vans to HGV’s
- Agricultural equipment
- Engineering machinery and equipment
- I.T. software and hardware
- Luxury and sports cars
- Telecoms systems
- Many other things
Rather than tying up cash in purchasing business assets, many companies choose to use asset finance instead and we have partnered with the UK’s best asset finance lenders to provide flexible solutions designed to suit companies varying needs.
Hire purchase / Lease purchase: Straightforward asset funding that guarantees ownership at the end of the repayment term. VAT is usually paid in full, in advance and the remaining monthly payments are fixed.
Finance lease: The VAT is spread over the monthly repayments to improve your cash flow. There are also ownership options at the end of the repayment payment, should you require. Finance lease offers accelerated tax relief and can be more tax efficient when compared to lease purchase.
Refinancing assets: Raising finance against equity that is locked in assets is a useful method of capitalising these assets and releasing funds back into your business.
Sale & leaseback: If a business has fully paid for a new asset and the invoice is less than 12 months old it is possible for the full purchase price to be refunded back to the company, the lender will take ownership of the equipment and then lease it back to the company over an agreed term.
Details
- Repayment term = 6 months to 7 years
- Loan size = £5000 to £5m*
- Security = The asset
- Funding decisions typically within 24 hours
- Tax advantages in most situations
- “No deposit” option
- Deferred 1st payment option
*funding is available for larger amounts on a case by case basis
Invoice Finance
Invoice finance is a way of realising the cash within your invoices whilst you wait for your customers to pay you. Funding companies will provide up to 90% of the cash tied up in an invoice so that this is available as working capital within the company. This ensures a smooth cash flow and could help to pay bills, invest in stock, expand your business and secure supplier discounts by paying them early.
Factoring can suit smaller businesses or those in the early stages of growth as it frees up management time, removing the burden of running a sales ledger and credit control function by passing this over to the funding company.
Invoice finance is suitable for larger or more established businesses that have their own credit control systems and processes. Both facilities have the same, immediate cash flow benefit.
Details
- Facility term = From 1 month rolling
- Facility size = £10,000 to £10m*
- Security = Debenture
- Funding within 24 hours
*funding is available for larger amounts on a case by case basis
Management Buy In / Buy Out
As a director of a business you may be looking to buy a company and replace its management with your own in a “management buy in (MBI)”. Alternatively, you may be looking to buy the company you work for or take control of the shares of your fellow director(s) in the business in a “management buyout (MBO)”.
Financing an MBI or MBO can be difficult if you do not have access to the cash and high street banks do not always support these activities or the process can often be drawn out. Amiga Finance can assist by enabling you to access alternative, often unsecured funding
Details
- Repayment term = 6 months to 5 years
- Loan size = £5000 to £1m*
- Security = A personal guarantee or asset security
- Option to settle early without penalty**
- Funding decisions typically within 24 hours
*funding is available for larger amounts on a case by case basis
**available with certain funders
Corporation Tax Funding
Profitable companies will have a corporation tax liability which can use up cash in the bank and affect cash flow as funds may not have been reserved. Being able to spread the cost of this liability over up to 12 months helps to smooth cash flow, free up capital for investment in the business and possibly help to avoid charges from HMRC for late payment.
Often businesses pay their corporation tax directly and quickly realise cash flow has been affected to an uncomfortable level or they have used their overdraft more than they would have liked. In this circumstance it can be possible to arrange retrospective funding for the current tax liability.
Details
- Repayment term = Up to 12 months
- Loan size = £5000 to £500,000*
- Security = None or a personal guarantee
- Retrospective funding available**
- 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
Self-assessment Tax Finance
Personal tax bills, that become due each January and July, can sometimes be an unwelcome surprise and cost. Funding is available to enable you to spread the cost of this bill over up to 12 months and make this more manageable that a single payment.
Details
- Repayment term = 6 months to 12 months
- Loan size = £5000 to £250,000*
- Security = None or a 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
Business Loans
Business loans help companies to achieve their goals by providing finance for many different purposes and every business type.
Having access to funds for your business is key to growing and supporting it and for many businesses accessing the finance they need is difficult. Bank loans and overdrafts are both difficult and time consuming to obtain, and business owners find it tougher to identify what the best solution is for them.
Amiga Finance are able to source business loans for a wide range of purposes including;
- Cash flow & working capital
- VAT
- Refurbishment
- Corporation Tax
- Self-assessment Tax
- Recruitment
- Acquisition
- Buying Stock
- Marketing
Details
- Repayment term = 3 months to 5 years
- Loan size = £5000 to £1m*
- Security = None or a personal guarantee
- Option to settle early without penalty
- Funding decisions typically within 24 hours
*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
Bridging Loans & Commercial Mortgages
Bridging finance is one way of raising funds quickly for any number of different purposes including Property development or conversion, property purchase or refinancing or a cash-flow injection for your business.
Commercial mortgages can be arranged for any property type including retail and commercial, offices, warehouses, care homes, professional practices and residential investment property. Mortgages can be either repayment or interest only, on a fixed or variable rate and either short or long term
Details
- Repayment term = Up to 25 years
- Loan size = £50,000 to £1m*
- Security = The property
- Arrangement fees can be added to the loan
*funding is available for larger amounts on a case by case basis