VAT Loans
Funding That Fits Your Needs!
VAT Loans
Manage Your Tax Payments More Efficiently
If you’re a VAT-registered business, a VAT loan can help you spread the cost of your VAT bill, improving cash flow and reducing financial strain. Get a quick quote today.
Why Consider a VAT Loan?
Paying VAT is an unavoidable expense, whether it’s due monthly, quarterly, or annually. A large VAT bill can significantly impact your cash reserves, making it challenging to cover other essential business costs. A VAT loan allows you to break this payment into manageable instalments, preventing cash flow disruptions.
What Is a VAT Loan?
A VAT loan is a short-term business finance solution designed to help you pay your VAT obligations on time. With approvals in as little as 24-48 hours, these loans ensure you can settle your HMRC bill promptly, avoiding late fees and penalties. Depending on your needs, repayment terms can range from a few months to over a year.
How does a VAT loan work?
Find the Right Financial Support
Loans to pay VAT are much like any other loan. You apply for the loan with a trusted lender, and they assess your application. If you’re eligible, they can approve funds quickly. You can then use these funds to pay HMRC directly, or some lenders will pay HMRC on your behalf. You’ll repay the lender usually in regular instalments until the debt is repaid in full.
You can apply for it to cover either part or all of your VAT bill. This gives you breathing space and peace of mind that the bill is covered on time without depleting your working capital reserves in one go.
Benefits of applying for a VAT loan
- Improve your cash flow. The overarching benefit of applying for VAT finance is improving your cash flow. By not having to pay out of your own funds, you can spread the repayment cost over months. These predictable monthly repayments help you better manage your business finances
- Pay your VAT tax bill on time. No one welcomes HMRC fines or penalties, so paying your tax bill is essential. Tax finance means your tax bill is paid on time every time; you can even use it to pay any outstanding tax debt.
- Free up your working capital. By applying for a VAT bill loan and spreading payments, you can enjoy healthier cash reserves each month and invest in your business to drive growth.
- Almost immediate access to funds. If you apply for an unsecured VAT loan, you can have funds in your business bank account in a matter of hours, making this financial solution flexible to your business needs.
- Direct payments to HMRC. Some VAT loan lenders will pay HMRC directly, saving you a job. You’ll repay them per your loan agreement until the amount is repaid in full.
