How much does a VAT Loan cost?
The cost of your VAT loan will depend on your individual business requirements and financial shape, in some cases, you may need to provide a personal guarantee.
VAT bills are unavoidable and can cause major issues to your business cash flow. Receiving an unexpected bill or finding you owe more than you anticipated, only adds to the pressure of running your own business.
If you lack the working capital you need to meet your company VAT liabilities, we can help with VAT finance. Whether you have missed your payment deadline or are due to pay your bill, a VAT loan will protect your cash flow and enable you to fulfil your legal obligations.
What is a VAT Loan?
A VAT loan is a short-term finance solution that is used by businesses to pay their quarterly VAT bills by the HMRC deadline date.
The VAT bill is paid directly to HMRC by the finance provider which you then repay in monthly instalments.
What are the benefits of using VAT loans?
There are many benefits to using VAT loans:
Pay VAT bills on time
Rolling Credit Facility
Avoid penalties and/or late payment fines
Improve company cash flow
Does my business qualify for VAT finance?
To qualify for a VAT loan, your business must be registered in the UK and have a trading history of at least twelve months.
You will also need to provide the following:
Copy of VAT bill
Business bank account statements
Company accounts
Information about the directors of the business
Business Finance and Loan Solutions
We offer a wide range of tailored, specialist financial solutions for businesses and we invite you to speak with a member of our expertly trained team to find the right solution for you.