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Business Loans
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From £10,000 to £1million
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Repaid monthly over a term between 12 – 60 months
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Used for any working capital purpose
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Can be repaid early with minimal penalty (subject to lender)
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Secured Loans - Usually charged against property
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Unsecured Loans - No security apart from a personal guarantee is usually required
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A VAT loan is often used to pay the quarterly VAT payment to HMRC.
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If a business requires working capital due to cashflow constraints when their VAT is due they might apply for a VAT loan.
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The lender pays HMRC directly, and the business pays the lender back in instalments over time typically made on a monthly basis over 3, 6, 9 or 12 months.
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