VAT based funding is traditionally based over 3 months and often is utilised on a rolling basis as the rates are extremely low and therefor the cost of utilising a facility like this is highly attractive. A VAT loan is very simple. It allows you to spread the cost of your VAT bill over 3 months, so that you do not have to pay it in one lump sum.
It is very quick to obtain a VAT loan. The lender will require a copy of the businesses VAT return, accounts, bank statements and information on the Director(s) of the business. Generally, a VAT loan will be organised within 24 hours and HMRC is settled within 24-48 hours of getting in touch with us.
Of course, if the traditional 3 months does not suit your requirement, then please let us know and we can discuss longer term arrangements in the form of working capital loans.