Taking Out A VAT Loan
A larger than expected, or even unexpected tax or VAT bill can be destabilising for a business and can sometimes put future trading at risk. There are plenty of options to ensure your bill can be paid on time to avoid any serious problems.
Even when a bill doesn’t turn up unexpectedly, other factors can affect cash flow. These can include late payments from customers or other unexpected costs, such as broken machinery or vehicles. Whatever the situation, we have a range of options to take the pressure back off you.
Taking out finance to cover the bill can be cheaper that racking up late-payment fines.
What Can You Fund?
We can arrange business finance for most situations, but our VAT bill loans are usually used to pay for the following:
Paying tax in one big lump sum can be difficult to manage for small businesses, especially if you’ve not been able to set aside enough money throughout the year. Failure to make the payment can result in penalties being applied which can quickly add up.
If your PAYE is due and you don’t have the money on-hand, you will need to raise money quickly. Depending on your circumstances, we can raise money in as little as 24 hours.
Funding a VAT bill must be considered a high priority for any business and we speak with a number of business owners who are struggling to make the payment. As important as it might be, it can be tricky to keep putting aside the money needed to pay, causing problems for the business.
VAT On Property Purchases
Commercial properties are often VAT registered, meaning VAT must be paid on them when they are bought. When you’re already putting down a large deposit to obtain a commercial mortgage, it can be tricky to also pay VAT on the purchase price. We can arrange unsecured loans for the purchase that are repaid when the VAT is reclaimed on the quarterly return.