HMRC Financing

HMRC payments can put considerable pressure on cashflow, especially when they fall at times when cash is already stretched thinly. Spread the cost of HMRC payments to keep up to date with your obligations, and to avoid paying penalties.
1. Complete applications with lenders that are likely to approve you.
2. Review your options with our team, and proceed with the chosen offer.
3. Follow the repayment schedule and keep cashflow smooth throughout the year.
Don't let HMRC stress hold you back - speak to NorthFunding today on how to get the support you need.

VAT & Corporation Tax Loans

Whether it's VAT bills, Corporation Tax or Self Assessment Tax, payments to HMRC can drain working capital. Get a loan specifically to help spread payments to HMRC, and smooth out the peaks and troughs for cashflow in your business. They are quick to set up and can boost cashflow immediately, so are good to consider alongside short term unsecured loans and

Typical funding amounts?

£5,000 - £10,000,000, often paid directly to HMRC.

Repayments & Fees?

Repayments for VAT lending is capped at 3 months, but Corporation Tax and Self-Assessment borrowing terms can be up to 12 months

Fees are competitive when comparing against unsecured short term loans, and in some cases, can be cheaper.

Eligibility & Security?

Lenders are looking for your your ability to successfully repay the loan via affordability and reasonable credit history.

Directors guarantees are sometimes required.