£30,000 loan secured to bring VAT payments up to date
A commercial vehicle repair company has secured a loan of £30,000 with the help of our team to improve their cash flow and allow them to keep their VAT payments up to date.
Although they weren’t in arrears at the time, the business often fell behind on VAT and were looking for £30,000 to ensure they could stay up to date whilst aiding their cash flow in general.
Thanks to our team’s experience and knowledge of the commercial finance market, we were able to introduce the most suitable lenders, who were able to offer the full amount and able to deliver quickly.
Time to act
Our new client has been operating for five years and was already aware of Hilton-Baird’s expertise, having previously been in touch to explore their funding options.
Tired of often finding themselves a quarter late on VAT payments, they needed a solution that would put them in a stronger position in terms of cash flow and allow them to pay VAT on time.
Having only used their own bank for their funding needs in the past, they contacted our team for help in identifying a lender who could offer what they were looking for.
Hilton-Baird assisted them throughout the process, introducing suitable options and acting as a link between the chosen lender and the client.
With their loan in place, the business is in a more stable cash flow position, with their last overdue VAT bill paid and next quarter’s paid upfront.
To discuss any funding requirements or explore the options available to your business, call our team of experts on 0800 9774833 or request a call back here.