VAT finance – a funding option to pay off your VAT bill monthly.
Here we answer all your FAQ’s on VAT Finance.
What information do I need to provide you with to apply for VAT finance?
Applying for a VAT loan is simple. You only need to provide us with a latest set of full accounts.
How long does it take to approve?
We can have decisions made very quickly – in little as 24-48 hours.
Do you pay me or HMRC?
We can either pay you or HMRC, it is entirely your choice.
What is the minimum amount for a VAT Loan?
The minimum VAT loan amount you can apply for is £5,000.
What is the maximum amount for a VAT Loan?
There is no maximum amount.
How long do I have to pay it off?
You only have three months to pay off your VAT loan.
Can I extend the time frame I have to pay it off?
No, unfortunately you can’t extend the time frame. However, there are other funding options you have if you require longer to pay off the loan.
I am a new start business; can I apply for VAT finance?
Yes, you just need to be able to supply us with a set of full accounts.
How soon do you pay HMRC?
As soon as you have signed and returned the documents to your account manager, the payment will be made.
Can I get a loan for some of the VAT bill?
Yes, you can get a part loan. For example, if you wanted to pay for half in cash and loan the remaining amount.
Can I apply every quarter for VAT finance?
Yes, there is no limit.
I have a CCJ/my company has a CCJ, will I get approved for a VAT Loan?
If the CCJ is satisfied and there is a good reason for the County Court Judgement, then we will argue your case. However, if you have an unsatisfied CCJ, then sadly we will struggle to get VAT finance.
How cheap are your rates?
We do not normally lose business because we are too expensive. Our view is to give cheap lease rates and make sure we do more business together in the future.
I am already leasing equipment; can I apply for a loan too?
Yes, we have served many of our clients who are currently leasing equipment and require a VAT loan too.
Use our FREE calculator to work out your monthly repayments and click APPLY.
We will get in touch with you shortly, and give you the required guidance based on the information you have input.
To find out more give us a call on 01494 611 456 or enquire online, and we will be happy to answer any of your queries.