Case Study – Business Loan
Paying your VAT Bill / Corporation Tax on time
Region: South East
Funding Requirement: VAT Bill / Corp Tax
An existing customer of Tower Leasing, who we initially financed their IT equipment. While completing the site visit, we came to know that the recruitment company was going through a growth period and the directors had asked if Tower can support with additional funding for a short period of time. After fully understanding the businesses needs and goals, we felt the best solution to match their growth plans and cash flow needs was to arrange a short, 3 month loan every quarter for their business VAT Bill.
The process was simple and easy for the customer due to an existing agreement where most of the information had already been collected. From the initial process to the loan drawn down took 4 days and the customer was able to pay HMRC directly on time and without any penalties.
“VAT Bill Funding is a great product to utilise for businesses that are in the growth period of the business cycle. It allows the business to maintain maximum cash flow reserves in order to ensure business goals are kept on target such as employing key staff”.
At Tower, we get to understand your business, look at your funding requirements and find opportunities for business growth.
To find out more, contact our finance specialists for your tailored finance solution.
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