VAT Loans
Business Loans to Ease the Tax Burden
A VAT loan is used to pay the quarterly VAT payment to HMRC.
These tax liabilities can often amount to a significant sum and if your business doesn’t have enough working capital to pay the bill straight away, you could face heavy penalties from HMRC for late payments.
However, having to allocate funds up front to deal with a VAT liability can mean that you are unable to invest in other areas such as growth or capital for day to day operations.
Designed to help cover the cost of these liabilities, VAT and tax finance can help small businesses meet HMRC's deadlines without impacting their cash flow reserves. The lender pays the VAT bill directly to HMRC and the business pays the lender back in monthly instalments, which are tailored to suit the business and can be spread across a period of 3, 6, 9 or 12 months
Benefits of VAT Loans
Is my business eligible for a VAT loan?
Location
Your business must be based in the UK and be VAT registered
.
Turnover
Your business must have a turnover of more than £85,000 ex-VAT
Duration
Your business needs to have been trading for more than one year
Entity
Usually a limited company or LLP, although partnerships and some sole traders may also qualify
If you are looking for a quicker and more flexible approach to finance than traditional business loans, then get in touch with us today to see how we can help your company gain financial freedom while you concentrate on running your business.
Useful Links
Cumbria Office
Lakeland House
114-116 Kirkland
Kendal
Cumbria
LA9 5AP
Lancashire Office
8a Lockside Office Park
Lockside Road
Preston
Lancashire
PR2 2YS
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Lakeland Commercial Finance Ltd, registered at Lakeland House, 114-116 Kirkland, Kendal, LA9 5AP. Company registration number is 11971872. Lakeland Commercial Finance Ltd is an appointed representative of Lakeland Finance Ltd, registration number 09058326. Authorised and Regulated by the Financial Conduct Authority. Our FCA registration number is 843563. You can check via https://www.register.fca.org. We are registered with the ICO, ZA552531 and you can check via https://www.ico.org.uk. We are a credit broker, not a lender.
We conduct both regulated and unregulated business and therefore not all products provided through us are regulated by the Financial Conduct Authority.
We source finance from our panel of lenders.
We may receive commissions that will vary depending on the lender, product, or other permissible factors. The nature of any commission model will be confirmed to you before you proceed.