Tax Loans – fast funding to pay your VAT or Corporation Tax bill on time - spread the cost & avoid penalties
- Avoid HMRC penalties & payment plans
- Protect your credit profile
- Maintain cash-flow & momentum
- Spread the cost of your tax payment
- Quick application & approval
- In-funds as fast as 1 hour
- Repayment terms from 3 to 12 months
Simple Steps to Funding
01
Apply
It only takes a minute to get started. Fill in our simple form to check your eligibility.
02
Approval
A BEAR Finance expert will call you within 1 working hour to understand your business' finance requirement.
03
Agreement
We use our expertise and panel of lenders to match you with the perfect solution. Fast, simple and explained in full.
04
Funded
In-funds as fast as 24 hours. Your BEAR Finance expert will provide ongoing support as your business continues to grow.
Frequently Asked Questions
How do I apply for a Tax loan?
Our initial applications require only soft credit checks through a simple process that needs minimal business information and can be completed in seconds. CLICK HERE TO APPLY.
What is a Tax Loan?
Tax Loans provide a fast solution for payment of VAT or Corporation Tax. This enables you to pay HMRC on-time, avoid penalties, protect your credit profile and spread the cost of repayment. Tax Loans help you to maintain your cash-flow and momentum when you are faced with an unexpected Tax bill.
Am I eligible for a Tax Loan?
Any Limited business in the UK can apply for a Tax Loan, as long as they have been trading for more than 3 months and have a monthly turnover of £15,000 or more. Simply complete our form to discover if you are eligible CLICK HERE.
Can I get a Tax loan with bad credit?
Our panel of lenders typically underwrites based on business turnover and performance rather than personal credit strength. Some lenders even offer unsecured loans without requiring personal guarantees.
Do I need a personal guarantee?
While most of our lenders require a personal guarantee, some offer unsecured loans without this requirement. All Tax Loans are unsecured, meaning no security is required against personal assets for loans up to £350,000.
Can I repay my Tax Loan early?
Tax Loans operate slightly differently to other Commercial Loan products, in the sense that the loan purpose is to specifically pay the arrears with HMRC. The lenders offer the term of the loan to the same length of time as the due date of your next VAT or Corporation tax return.
What is the interest rate for a Tax Loan?
Tax Loans offer speed and simplicity compared to traditional Commercial Loans. The total interest you repay is lower than other prducts due to the short-term nature of the borrowing. Paying your Tax bill on-time enables you to avoid HMRC penalties.
How much can I borrow and for how long?
The maximum amount to borrow for tax loans is up to £350,000 (Unsecured). Repayment terms are typically 3 months for VAT and 12 Months for Corporation Tax.
When should I get a Tax Loan?
If you are faced with an unexpected VAT or Corporation Tax bill, a Tax Loan can provide a fast solution, helping you to protect your credit profile, avoid HMRC penalties and payment plans. Tax loans are a sensible option for any business looking to maintain their cash-flow and avoid having to make very large payments to HMRC where they could be utilising those funds to grow their business.
Sourcing Bespoke Finance Solutions
Bespoke
Our approach is bespoke, our dedicated Finance specialists take the time to understand the challenges and goals of your Business.
Efficient
Our enhanced approval success is achieved through relationship strength and precision matching with our panel of lenders.
Accurate
Accurate in our analysis of our clients financial positioning, business modelling and market placement to ensure they are presented to the right lenders for the most successful and suitable result.
Relentless
We are relentless in our pursuit of the best possible outcome for every client, we know that critical business decisions deserve perfect financial partnerships.