What is a VAT Loan?
VAT tax is a quarterly bill that can easily creep up on businesses that haven’t put money aside for HMRC or want to funnel their finances into other ways to grow. Unfortunately, tax is an unavoidable cost that limited companies must pay (we know, it sucks) but a VAT loan lets you to spread the bill into manageable amounts. You simply choose the loan terms and we arrange the finance for you, hassle-free.
The Benefits
Unlock Cash Flow
Have more money to keep your business moving.
Paying VAT On Time
Paying VAT on time is critical to avoiding penalties and interest on your bill. Payment will be due 1 month and 7 days after the end of each business quarter of you accounting period, so stay on top of the deadline to keep the scaries away. At Crispcap we’ve helped thousands of companies with VAT loans so they can pay their bill on time, but on their terms.
Why Crispcap?
We’re passionate about supporting business owners with the finance they need to grow their operation. But to grow, you need to meet your legal obligations first! Our VAT loans are renowned for being flexible and accommodating to your business’s needs. We work with you to arrange a business loan that helps you meet tax requirements but also frees up cash flow to keep business moving. At Crispcap we only succeed when you do.
Our Process
1. Get In Touch
Confirm your requirements with us.
2. Send Your Documents
We only need basic financial info.
3. Application Approved
Access our exclusive lenders.
4. Funds Are Transferred
Money is sent to your account.
Have Questions? No Problem
Should I get a VAT loan?
A VAT loan is a great option if you’re looking to protect your cash reserves by paying the your VAT bill in monthly instalments.
What is the interest rate on VAT loans?
We know you’re eager to get the ball rolling, but we can’t give you can exact rate until you’ve sent over some documents to us. Then we can learn more about your business. Get in touch to start the process!
What Documents Will You Need From Me?
All we need is your last 3 months of business bank statements and your last set of full filed accounts. After that we can review the information without impacting your credit score.
Does it matter if I have bad credit?
It can help to have a good credit score, but it’s not essential. We work with customers with all sorts of credit ratings and have easily arranged funding for their business in the past.
When is my VAT payment due?
After our initial conversation, all you need to send to us are your last set of full filed accounts and your last 3 months business bank statements. It couldn’t be easier!
What if I miss the VAT deadline?
A series of penalties and interest rates will be applied to the outstanding balance you owe. HMRC can also take legal action against you if you miss VAT or corporation tax deadlines, so be sure to stay on top of them.
