Businesses can often feel the pinch at this time of year as bills escalate and cashflow is erratic due to the slowdown of the Christmas period. Add to that quarterly VAT bills and many businesses can find themselves in a difficult situation.
HMRC has escalated business winding-up orders and liquidations and does not grant extra time to pay easily. So, it is paramount that working capital is available for when tax bills are due. All businesses are aware of their duty to HMRC but sometimes it can be difficult to predict a shortfall. We can help you fund all tax bills including VAT and Corporation Tax plus Payroll and other Working Capital finance.
We have a range of finance options to fund cashflow from Invoice Discounting to unsecured loans. If you need help funding a tax bill, a specialist VAT funding loan is a viable option. This short-term lending option has a maximum term of 6 months and low interest rates so you can manage the short term cashflow requirement without it costing a fortune.
