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CORPORATE INFORMATION
Are you looking to give your business a cash injection? Or do you have a tax bill that needs paying? Then VRW are here to help you. As well as having over 50 asset finance lenders on our panel, we’re also fortunate enough to have a panel of business loan lenders offering business loans for a range of requirements:
Working Capital Loans
Providing that your company has been trading over 2 years, then a Working Capital Loan could be the right solution for you. Unsecured business loans are available on loans from £10,000 up to £250,000. We also offer secured loans up to £500,000. Repayments are fixed throughout the term of the loan so you can be comfortable knowing interest rate rises will not affect you once the loan is activated.
Working capital loans can be a great way to improve your cash flow. It can also inject some cash for non asset finance costs such as a new website. It can also be used for recruitment for team expansions and so much more. Please contact us to discuss your eligibility.
VAT Loan
Whilst not all practices are VAT registered, if you are VAT registered then a VAT Loan could be a great tool for your business. Loans are available from £10,000 + and repayments won’t begin until a month after the loan is activated. VAT Loans are therefore a great way to instantly relieve cashflow pressures your company may be facing. Your VAT Loan can be sent directly to HMRC. This is with the loan spread over 3 monthly repayments.
Please note, a VAT loan can only be used for VAT liabilities. Not if you’re owed the money by HMRC. We also cannot facilitate a VAT bridging loan for the purchase of a commercial building.
Corporation Tax Loan
A Corporation Tax bill can be unwelcome at the best of times. The rate of Corporation Tax is increasing to 25% in April 2023. Now more than ever practices that pay Corporation Tax are turning to Corporation Tax Loans to pay this tax bill. It also helps keep cash in the business. Corporation Tax repayments can be made over a 3, 6, 10 or 12 month term and loans are available from £8,000.
Like a VAT loan, your monthly payments begin 1 month after the loan is activated and HMRC have been paid. Tax loans such as a Corporation Tax Loan and a VAT Loan are perfectly acceptable by HMRC and are commonly used.
Indemnity Insurance Loan
VRW are also proud to offer loans for a practices Professional Indemnity Insurance, also know as PII and PI cover. PII can be spread up to 18 months, with repayments available over 3, 6, 10 and 12 months if you’d like to pay it back over a shorter period. For more information on a Professional Indemnity Insurance Loan, please give a member of the team a call.