A large VAT bill can sometimes take us by surprise. If this happens to you, our lenders will work with you in order to approve your application as quickly as possible. Having the funds available quickly will allow you to meet your VAT obligations and provide a more affordable and flexible payment period.
This is a lending facility offered to a business where they have a requirement for support when paying the VAT without the requirement for tangible security. This can assist a business by allowing them a short term cash injection when needed most. Personal guarantees will be required.
Anything from £1,000 to £75,000 (Loan provided in line with the VAT bill, evidence required).
Maximum of 3 months
The value of repayments will be agreed at the outset. Once you accept the offer, a contract will be made available for you to sign. A direct debit will then be set up in order for the financier to recover the monthly repayments over the agreed period of time.
The lender would require a personal guarantee from all directors. An Asset and Liability Statement must be complete by all Directors to confirm there is sufficient value in the personal guarantees to support the loan.
Firstly the online application will need to be complete. Once this has been done you will need to send the following information to email@example.com