£80,000
VAT funding renewed for a law firm.
VAT bills come round regularly. So does this firm’s funding.
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- Amount
- £17,125.87
- Sector
- Law firm
- Structure
- VAT funding renewal
- Outcome
- £108,450 across 6 facilities
The firm needed funding for its VAT liability. £17,125.87 was funded for the VAT requirement, leaving the firm's operating cash available for running the practice. In total, we have arranged £108,450 for this business across six completed facilities.
VAT arrives as a single payment on a fixed date. For a professional firm whose fee income comes in through the year, that lump sum can take a large bite out of working capital.
One law firm decided not to let it.
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The requirement
The firm needed funding for its VAT liability.
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The challenge
Paying the VAT bill entirely from operating cash would have reduced the firm's working-capital headroom.
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The structure
We arranged specialist VAT funding, which spreads the VAT payment rather than taking it out of the firm's cash in one go.
This facility was a renewal: the firm had used VAT funding through us before.
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The result
£17,125.87 was funded for the VAT requirement, leaving the firm's operating cash available for running the practice.
In total, we have arranged £108,450 for this business across six completed facilities.
I contacted them to apply for a VAT funding loan. Simon responded within half an hour of my request and was able to confirm funding within a 24 hour period. It was the first time I have had to apply for funding owing to a short-term cash flow problem, and he made the journey so easy. Kind and highly efficient: I would highly recommend them for a fast, professional service.
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Questions about this case
Can a professional firm borrow without much physical security?
Can a business borrow to pay a VAT or tax bill?
Is this a real transaction?
Do you lend the money yourselves?
What does it cost to talk to you?
Could this structure work for your business?
Every case is assessed on its own merits. These pages explain the finance used here and what lenders look at.
Client details are anonymised. Every case is different and past results don't guarantee future outcomes: lenders set their own criteria and all finance is subject to status.
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Every case is different, but the approach is the same: understand the business, structure the requirement, and take it to the lenders suited to it.