business loan

Budgeting Tips for UK Businesses

It’s no secret that budgeting is an important part of running any business, but it can be a daunting task. Knowing where to start and what to include in your budget can be a challenge. If you are a business owner, this blog post is here to help. Here are some Budgeting Tips for UK Businesses.

Start with the Basics

Before diving into making your budget, it’s important to understand the basics of budgeting. A solid budget should include:

  • Income and expenses
  • All fixed costs such as rent or loan payments
  • Variable costs such as stock or advertising

And any other costs associated with running your business. Once you have identified these categories, you can begin to allocate funds accordingly.

Set Realistic Goals

Once you have identified your income sources and expenses, it’s time to set realistic goals for your budget. Consider both short-term and long-term goals for your business. It is important to make sure that each goal is specific and measurable so that you can track progress over time. When setting goals for your budget, make sure that they are achievable – don’t set yourself up for failure by setting unrealistic targets!

Review Regularly

Budgets are not static documents – they should be reviewed regularly to ensure accuracy and effectiveness. Make it a point to review your budget at least once every quarter or even more frequently if necessary. This will give you an opportunity to identify areas where changes need to be made. Additionally, regular reviews of your budget will help keep spending under control by allowing you to adjust expenditures when needed.

Get a Business Loan

Business loans can be a great way to help with budgeting, allowing companies to have more stability when it comes to their finances. Loans can provide the extra funds needed for a new project, expansion, equipment purchases, or any kind of investment that will benefit the business.

With business loans, businesses can better plan and manage their financials while still maintaining their business operations and growth plans.

Budgeting effectively is an essential part of running a successful business. By starting with the basics, setting realistic goals, reviewing regularly, and taking care of your cash flow, you can create a comprehensive budget that will help put you on the path towards success!

Read ‘Top 5 myths about getting a business loan’ here.

Contact Us

Our business loans are quick and easy to arrange. Our expert team will be able to source a business loan type best suited to your needs today! Give us a call on 01494 956 871, or send an email to [email protected] to explore your funding options.

corporation tax loan

What Is a Corporation Tax Loan and How Can It Benefit Your Business?

Filing taxes can be a stressful process, especially for business owners. If you’re looking for an effective way to make tax filing easier, then you should consider taking out a corporation tax loan. This is designed to help businesses cover the cost of their corporate taxes. This allows them to pay off their tax bill in full and in time. Let’s explore the benefits of getting a corporation tax loan and how it can help your business.

The Benefits of Corporation Tax Loans

A corporation tax loan can offer businesses several advantages, including:

Reduced Stress

Paying off your corporate taxes in one lump sum can take a hefty toll on a business’ cash flow. With a corporation tax loan, you can pay off your taxes over time with manageable payments that align with budgets. This helps to reduce stress by allowing you to budget more effectively and pay off your bill without feeling overwhelmed.

Improved Cash Flow

Because a corporation tax loan is spread out over several months or years, it gives businesses more flexibility with their cash flow. Instead of having to come up with the entire amount at once, businesses are able to use the money they would have used for the payment towards other needs such as payroll or investments. This helps businesses maintain positive cash flow while still paying their taxes on time.

Boost your Credit Score

Taking out a corporation tax loan can help improve your business’s credit score. This is because it proves that you can make regular payments on time. This improved credit score will make it easier for your business to secure future loans. As well as investments which will support your growth.

Alternative Funding Lines

Not only do our corporation tax loans offer you a healthier cash flow, but also offers you an alternative funding facility to your existing ones.

A corporation tax loan is an excellent solution for businesses looking for a way to pay off their tax liability. This is without breaking the bank or overwhelming themselves with stress. It offers flexible repayment options that allow businesses to maintain a healthy cash flow. Also whilst improving their credit scores over time. If you’re looking for an effective way to manage your cash flow, then this may be just what you need!

Contact Us

Get in touch today to see how your tax liability can be spread into affordable, manageable payments. Give us a call on 01494 956 871, or send an email to [email protected] and a member of our expert team can assist you!

 

VAT loans

How a VAT loan could help your business

As the whole country struggles with the cost-of-living crisis, you may be looking for ways to give your cash flow a little TLC. A great way to keep your cash flow in check is by getting a VAT loan for your business. But what exactly is a VAT loan and why should businesses get one? Let’s break it down.

What Is a VAT Loan?

A VAT loan is an advance payment of the amount that your small business owes in Value Added Tax. This type of loan provides businesses with immediate access to cash so that they can continue to operate until their usual tax payments come in. The benefits of taking out a VAT loan are numerous, as it allows businesses to maintain their cash flow while they wait for the expected funds to arrive.

Why Get a VAT Loan?

There are several reasons why VAT loans are becoming increasingly popular for businesses across the country. First and foremost, having access to immediate cash can help relieve the financial pressures that tax liability often causes businesses.

Additionally, payment is made directly to HMRC – saving you the hassle! And being acquiring your VAT loan through us there is no need to use up an existing bank facility either.
Our wide panel of funders enable smaller businesses who may not qualify for mainstream financing options still have access to cash-flow-reviving funds. So, if you have been turned down by your Highstreet bank, why not give us a call?

Contact Us

Finding the right finance option to ensure your bills are paid on time can be a daunting task – until now! With our quick and easy VAT loans, you can reclaim control of your finances and free up cash to be used elsewhere in your business.

To get started quickly then make use of our FREE VAT loan calculator. Or simply call us at 01494 956 871 for a free, accurate, no obligation quote; it’s that easy! You also benefit from fixed repayment schedules with industry leading rates enabling peace-of-mind when dealing with financial deadlines. Get yours today and enjoy one less worry tomorrow…

merry christmas

Merry Christmas from VAT Loans

All the team here at VAT Loans wish you a Merry Christmas and a Prosperous New Year! We would like to extend our gratitude to all our clients for their custom this year! We can’t wait to see what 2023 will bring and look forward to continuing to support businesses across the UK grow.

Christmas Opening Hours

We hope you understand that over the festive period, our working hours will differ. So, from the 26th of December until Tuesday 3rd January our offices will be closed.

Should you need to contact us over the Christmas period, feel free to drop an email to your account manager, or to [email protected] and we will aim to respond as soon as we can.

Tunnel Vision to 2023

Are you looking to boost your business even further in 2023? Why not consider a business loan? Business loans are a fast and effective way to get an instant cash injection into your business.

Here at VAT Loans, we don’t just specialise in tax loans. Our team of finance experts have been arranging a range of business loans for a 362 years combined! Over the years we have watched the businesses that we fund flourish and grow. We can be your catalyst too!

We can provide unsecured business loans up to £250,000, and secured loans from £250,000 to £1m+! Read more on unsecured vs secured loans here.

What business loans do we offer?

  • VAT Loans
  • Corporation Tax Loans
  • Working Capital Loans
  • Bridging VAT Finance
  • Property VAT Loans
  • Professional Indemnity Insurance
  • Equipment Loans
  • Dilapidation Loans
  • Peer to Peer Funding

Get your business dreams funded for less

Why choose VAT Loans?

  • Industry Leading Rates
  • 5* Customer Service
  • Decision in 24 hours
  • 95% Acceptance Rate
  • Dedicated Account Manager
  • Instant Cash Flow Relief
Contact Us

Do you have big business plans for 2023? Let’s make them happen without compromising your cash flow. Give us a call on 01494 611 456 or send an email to [email protected].

FAQs

VAT Loans- FAQs

VAT Loans are a great way to avoid any damage made to your cash flow from your quarterly VAT bill.

That is why an increasing number of businesses in the UK are seeing the benefits of getting their VAT funded. However, if VAT loans are a finance avenue you are not so familiar with and would like to learn more, read on for some frequently asked questions we get about our VAT loan funding facility.

Why do businesses get VAT loans?

VAT loans are becoming increasingly popular amongst UK businesses as they provide cash flow relief. They do this by spreading the cost of your VAT liability across the space of 3 months instead of an upfront lump sum.

How much can I borrow?

Anything from £10,000+

How is the payment made?

We can pay HMRC directly or we can make the transfer into your chosen bank account.

How do the repayments work?

You the cost of your VAT bill will be spread across the period of 3 months, therefore making it more affordable. Your first repayment will then be due between the 1st and 4th of the following month after activation.

How can I find out what my monthly repayments will be like?

You can get fast and free indicative figures using our free VAT loan calculator here!

How long will it take for me to get credit cleared?

We can look to get you approved within just 24 hours! We therefore understand HMRC deadlines are important to meet.

How long does payment take?

We can make direct payment to HMRC in just 48 hours- therefore saving you all the hassle!

Do I need a director’s guarantee?

No. No directors guarantee is required for taking out a VAT loan.

Contact Us

Do you have a question about VAT loans that wasn’t answered in this blog? If so, please don’t hesitate to get in touch. Give us a call on 01494 956 871, or drop an email to [email protected].

VAT

VAT made as easy as 1,2,3!

Here at VAT Loans, we understand the importance of maintaining a healthy cash flow. We also know that VAT liability can take a heavy toll on keeping it healthy.

That is why we offer fast, simple, and affordable VAT loans for your business. We can cover the expense of your VAT bill, allowing you to spread the cost over a 3-month period. Making it far more cash flow efficient, taking the weight off your shoulders.

Not only, this but we will pay HMRC directly- saving you all the hassle!

VAT loans- the benefits

 

Cash Flow

Opting for a VAT loan amongst our other finance options will allow you to keep funds in your business to be used elsewhere. Take control of your finances and free up your cash for you to use in other important areas of your business.

 

Alternative Funding Lines

No need to use up an existing bank facility. A VAT Loan gives you alternate options to use in order to finance your loans.

 

Fast Payment

Payment can be made directly to HMRC to ensure your bill is paid on time. This will save you worrying about your finances when it comes to financial deadlines.

 

Quick and Simple to Arrange

Simple use of our free to use calculator can give you a quote in a matter of seconds. Alternatively, you can give us a call on 01494 956 871.

 

Fixed Monthly Payments

Easy fixed repayment schedule with industry leading rates.

 

Approval Within 24 Hours

We pride ourselves on fast and quality customer service, which is why we aim to have a decision to you in the first 24 hours of enquiry.

 

Contact Us

If you would like to ease the pressure of your cash flow, please don’t hesitate to get in touch. Give us a call on 01494 956 871, or send an email to [email protected].

business loan

How getting a business loan could help your company

Many businesses are feeling the pinch of our declining economy, and that is why it is now more important than ever to make sure your cash flow is in check.

A great way to go about remaining in control of your cash flow is by obtaining a business loan. But that’s not all, let’s explore this a little deeper…

Cash flow

A healthy cash flow is vital to the successful running of a business. So, if your cash flow could do with a little TLC, a business loan will ensure your cash remains flowing with ease.

Keep cash in the business

Are you sick of being restricted by your funds? Fear no more, a business loan can allow you to go ahead and make your business dreams come true whilst protecting your cash flow.

Expand your business

If you are looking to grow your business, a loan is a quick and easy way to go about it. With our quick, easy, and affordable loans you can get an instant cash injection into your business. This will avoid you waiting around until you have enough cash in the bank to boost your business. So, you will have the freedom to go ahead and add to your team, buy that piece of equipment that is bound to boost your productivity, or just invest more into your marketing. However you wish to go about it, we’ve got you covered.

Buying inventory

As most businesses will agree, inventory totals a hefty fraction of overhead costs. In most cases, inventory needs paying for upfront, however, this can be detrimental to your cash flow. But here is where business loans come in handy. Here at VAT Loans, you can borrow from £5,000 up into the multimillions.

Here at VAT Loans, we can offer your business a whole range of business loans:

  • VAT Loans (as you might be able to gather from our name!)
  • Corporation tax loans
  • Business loans
  • Dilapidation loans
  • Equipment loans
  • Working capital
  • Peer to Peer
Contact Us

Are you interested in investing in your business? If so, please get in touch, out expert team will be able to point you in the direction. Give us a call on 01494 956 871, or send an email to [email protected]

business budget

The best ways to budget for your business

Our economy is on its knees, and everyone is feeling the pinch right now. So, whether you’re an individual, or a business, it is more important than ever to watch what we are spending.

However, I will be going through ways by which you can be skrimping and saving as a business in these challenging times.

Identify your fixed costs

The first step to creating your business budget is to distinguish what your fixed costs are. Some examples of fixed costs are:

  • Payroll
  • Tax
  • Insurance
  • Rent

Ascertain your variable expenses

Variable expenses are those that can’t be pinned to an exact cost each month.

Some examples of variable expenses are:

  • Marketing costs
  • Utility bills
  • Replacing old/broken equipment

Try to predict one-off costs

Perhaps you’ve got an old boiler on the blink, or a company car due for its MOT. Either way, just try to think ahead and forecast what might require spending and factor these costs into your rainy-day fund.

Tally it all up

Now you have defined your fixed, variable, and one-off costs you can now add this all up and compare your income to your spending. And from this you can look for ways in which to improve…

Re-evaluate your overheads

Now that you have all your costs written up it is easier to pinpoint where the excessive spending may be. This is a pretty obvious one when focusing on budgeting for your business, but perhaps there are some monthly outgoings that aren’t actually necessary to the running of your business.

Maybe you have been using the same printing company for yonks now and you have just never thought twice about what they charge you. Now might be the time to try and negotiate a better cost, being a loyal customer and all, this is likely to work in your favour. However, if not, perhaps start looking to take your business elsewhere.

Set aside a rainy-day fund

A great way to always be prepared for unexpected costs is to set aside a contingency fund for your business. This could involve stashing away some cash each month, but your future self will thank you for it!

Obtain finance to grow your business

Asset finance is a great way to protect your cash flow. It is also a quick and easy way to get an instant cash injection into your business.

Contact Us

If you could do with a cash flow rejuvenation, why not get in touch to see what we can do for you? We offer a range of affordable loan options here at VAT Loans. Additionally, if you are looking to go down the asset finance route, our parent company WestWon can help. Give us a call on 01494 956 871, or send an email to [email protected].

 

vat and corporation tax loans

Corporation tax due? We’ve got you covered.

Corporation tax liability can take a huge toll of a business’ cash flow when paid upfront. That is why more and more businesses across the UK are being enlightened to the benefits of corporation tax loans.

Here at VAT Loans, we provide quick and simple to arrange corporation tax loans for bills over £8,000.

The benefits of getting a corporation tax loan through us

 

Keep cash in the business

Corporation tax loans are a cash flow-efficient way of easing your tax liability. This is because they allow you to spread the cost of your tax bill over 12 months. Making it easy for you to use that cash other areas of the business.

Fast Payment

We don’t mess around here at VAT Loans. We are aware of the penalties companies can face for late payments. That is why we pride ourselves on our fast and simple service that gets your tax bill paid directly to HMRC on time.

Approval in 24 hours

Following on from our last point, our fast service means getting you approved within just 24hours!

Alternative funding line

Our finance facilities offer you an alternative funding line so there’s no need for you to use up an existing one!

Fixed monthly payments

Our fixed monthly payments mean locking the best interest rate. Therefore, you’ll be reassured to know that your payments won’t rise along with the ever-rising interest rates!

Delivered with 5* customer service

Rest assured your loan will be delivered by one of our friendly tax finance experts!

Contact Us

It’s getting to that time of year when many companies’ corporation tax is due. So, if you have a corporation tax bill over £8,000, why not get in touch today to secure the best rates for your business? Give us a call on 01494 956 871. Or drop an email to [email protected], and friendly member of our team will get back to you!

net zero business of the year

Our parent company wins Net Zero Business of the Year Award 2022

We are thrilled to announce that our parent company, WestWon, has been awarded the Net Zero Business of the Year by the Buckinghamshire Business Awards!

We feel honoured to have been given an award for a cause we are so passionate about. As of the start of this year we started pushing our environmental focus more than ever and it feels amazing for our progress to be recognised by others too!

Why we believe we won Net Zero Business of the Year

We believe that we won this award for a multitude of reasons, we have always tried our best to act sustainably as a company, but we believe our WestWon Woodland initiative was the driving force behind our win.

What is the WestWon Woodland?

We introduced the WestWon Woodland at the beginning of this year, how it works is we have a tree planted for every month of any finance agreement made through us or any of our trading names. So that’s including any agreements made through VAT Loans, Fit Out Finance, WestWon Dental, or WestWon Limited.

So, for example, for a 5-year finance agreement that’s 60 trees planted on the customer’s behalf!

Then soon after your finance agreement is activated, you will receive your certificate of plantation. This outlines how many trees you have planted through your agreement with us, and subsequently how much carbon they will ultimately reduce from the atmosphere.

Climate Positive Workforce

We are also proud to call ourselves a climate positive workforce. This means that all employee emissions are offset through various climate positive projects across the world. These projects can be anything from renewable energy production to reforestation of the Amazon rainforest!

Small changes we have made over the past decade that all add up

  • Introduction of company EVs
  • Paperless office- and any necessary paper is made from 100% recycled materials
  • Our servers are powered by solar
  • LED lighting throughout the whole office
  • Recycling bins on each floor of our offices to encourage recycling wherever we can
  • Thickest carpet and ceiling tiles to reduce our energy consumption
  • No gas used in our offices, solely powered by electricity
Contact Us

If you have any questions on our green agenda, please don’t hesitate to get in touch. Give us a call on 01494 956 871, or send an email to [email protected] and a member of our friendly team will get back to you.