VAT Loans – Funding Solutions To Spread The Cost Of Tax

vat loans

We offer VAT Loans to all UK businesses allowing you to spread the cost of your quarterly VAT liability. 

Cash flow is king for business and our VAT Loans can help make sure that your working capital is kept operating where it’s the most profitable for your Company.

Our VAT funding solutions can take the sting out of managing large quarterly tax liabilities that VAT can create.

Advantages of using a VAT Loan

If you’re a growing business it’s likely that you could always make better use of your cash than send it to HMRC. Here are a few advantages of how our clients have used our VAT funding solutions to boost their working capital.

  • Smooth out cash flow peaks and troughs
  • Use the retained cash to fund new orders and business opportunities
  • Help manage cash shocks created by changes in supplier payment terms.
  • Convert large Quarterly tax payments into manageable monthly repayments.
  • Help smooth out cash flow pressures from other areas of your business such as Customers needing longer payment terms.

What is a VAT Loan & How does it work?

  • A VAT loan is an unsecured business loan designed specifically to pay your HMRC VAT liability created from your sales revenue.
  • To take advantage of VAT funding solution all you need to do is inform us of the upcoming VAT liability and provide us with a copy of your last filed accounts and we would typically come back with a decision within 48 hours.
  • The lender will typically pay HMRC directly on your behalf and you would then pay 3 equal repayments to the lender.

Who is eligible for a VAT Loan

  • We consider all UK trading Companies.
  • Minimum VAT liability greater than £10,000
  • We like to see a positive balance sheet but we don’t have a minimum.
  • Your Company is not in current arrears with VAT or in a time to pay arrangement.

Take a look at our common questions below or if you would like to read more about what other business loans provide follow the link provided.

Common Questions about our VAT funding solutions

What if I have paid my VAT already?

If you have just paid your VAT directly to HMRC we can still help as we can rebate the VAT you have paid back to your Company as long as its within 14 days.

What if I have had previous VAT arrears?

If you have had previous VAT arrears we can still consider your application as long as we are aware and what's changed now to prevent this happening again.

What if my business has bad credit?

If your business has current and outstanding bad credit registered we are unlikely to be able to assist with one of our unsecured VAT loans. It may be worthwhile you giving us a call on 0114 2945046 as other funding solutions may exist.

Can my repayments be delayed by one month?

Yes, we can delay your loan repayments by up to 1 month giving you one month breathing space.

Can I bridge a VAT liability from a property purchase?

Yes, we can help bridge a VAT liability created from the purchase of a property. The funding solution is structured differently to our trading business VAT loans as no repayments are due until the VAT is reclaimed from HMRC. Talk to us on 0114 2945076 for more info

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If your business currently has a negative net worth on its balance sheet we can consider other options such as one of our unsecured business loan solutions. So its still worth talking us.

New Finance For Engineering and Manufacturing Equipment

engineering and manufacturing equipment finance Enable Finance is really pleased to announce a new financing facility for engineering and manufacturing equipment. The new product range is very competitively priced and our clients will be able to take the funding on a Hire Purchase or Finance Lease agreement and can be used to purchase or refinance new and used equipment. 

Engineering and manufacturing is crucial to the success of the British economy and non more so than here in Sheffield where Enable Finance are headquartered. Asset finance is an important funding solution for small to medium sized businesses and we are pleased to be supporting and helping businesses grow with proper and adequate access to finance. 

Engineering and manufacturing equipment we finance:

  • CNC Slant Bed Lathes
  • Hollow Spindle Lathes
  • Deep Hole Boring Machines 
  • CNC Mills
  • Drills
  • Fabrication & Sheet Metal – Guillotine & Pressbrake
  • Grinders
  • Lathes
  • Milling
  • Cranes
  • Saws

For more information on asset finance follow the link or call one of our business advisors on 0114 2945 046


Free Personal Credit Report Service

free credit check service for lifeI think this is great service for our clients… Noddle offers you access to your credit report free for life – not just for 30 days. It’s genuinely free and always will be! You will need to enter your card details as part of the registration process, this is to verify your identity. You will not be charged.

click here for your free for life Noddle credit report.

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Noddle is part of CallcreditFounded in 2000, Callcredit is considered by our customers to be the most innovative of three Credit Reference Agencies in the UK. We now employ over 700 professionals in the UK. The Group’s customers include many of the UK’s leading companies, including all of the clearing banks, several major international lenders, media communications businesses, and petroleum, automotive, power and retail organisations. Callcredit helps them to serve and protect their millions of customers in the UK. Noddle Limited, is registered in England and Wales with company number 7891157. Registered office: One Park Lane, Leeds, West Yorkshire, LS3 1EP.

HMO Refurb or Conversion Finance

HMO mortgagesWe understand that some investors specialise in the HMO (House in Multiple Occupation) sector and target properties that can be converted from a single dwelling to a HMO as clients seek to maximise both the capital value and rental returns – we want to support you with these applications.

This product allows clients to purchase or refinance the property, complete the works and then release the additional capital value that they have created following the refurbishment without any further arrangement fees.

HMO conversions – Release up to 75% LTV based on the after works value

We will lend up to 75% of the after-works value with a retention to 75% of the current value / purchase price. The retention is released once works are completed and a new valuation is provided with confirmation that the property is tenanted.

The clients have the option of either a 3 or a 5 year term and can have this on an interest only basis or they can choose part capital repayment where they will de-leverage their balance over the term of the loan.

Clients can release the funds as and when the work is done, so no 6 month minimum. Also the client has the security of having a longer term deal and not needing to refinance to access any increase in value.

Read more about HMO mortgages here

Call 0800 316 1612 to discuss how we can help grow your property portfolio.

Commercial Mortgages For Non Status Customers

non status commercial mortgagesWe currently have active commercial mortgage lenders who will accept non-status applicants. Non-status commercial mortgages are specifically for applicants who may not have all the necessary historical financial information that the mainstream or high street banks require to satisfy their lending criteria. Or the applicant’s credit profile may be poor, the business who took out the mortgage may hit hard times and picked up adverse credit or fallen behind on their current mortgage payments.

For the above reasons non-status commercial mortgages are regarded as high risk and therefore the lenders we have who will accept this credit profile will charge a higher interest rate and will have a restricted loan to value ratio. Typically you can expect to be lent no more than 65% of the 90-day valuation.

Key features of non-status commercial mortgages

  • Commercial Loans from £25,000
  • Rates from 0.9% per month.
  • Interest Only or Capital & Repayment.
  • Maximum Loan to Valuation 65% of the 90 day figure.
  • Flexible repayment terms with no minimum or maximum available.
  • All commercial properties considered including residential buy to lets, Land, Agricultural, Equestrian Properties, Public Houses, Hotels, Care Homes, Offices, Retail, Convenience Stores & Take Aways.
  • Adverse credit & mortgage arrears are considered.
  • Incomplete accounting information accepted. 

You should clearly not enter into any mortgage or loan agreement where you do not have the ability to make repayments. If your business has turned the corner and have the ability to service the loan a non status commercial mortgage can offer you solution.

For more information on commercial mortgages speak with one of our advisors on 0114 2945 046