Alternative Business Funding Options
Bristol Business Finance Brokers
What is a VAT Loan for my business?
A VAT commercial loan is there for when you require it and keeps cash flow strong. This is for business who are Limited, LLPs or PLCs. They are a form of short term borrowing commonly over 3 months and reduces large lump sums business have to pay in one go. As the loan is a short-term way of borrowing the amount of interest payable is less as the time for which the money is outstanding is lower.
Business Funding Experts
How can Pinnacle secure a VAT Loan
The Pinnacle Business finance broker will collect the information from the business to make sure they are eligible to negate any time being wasted. This will commonly be Up to HRMRC, Last Annual accounts and 3-6 months’ worth of business bank statements. This therefore makes it a quick and easy finance options for a business applying. Repayments can be done on a weekly or monthly basis depending on the business requirements and how strong their cash flow is or how quickly they would like to repay the funds.
New & Small Business Funding
Start-Up Business Loans
When a business starts it will be categorised as a small business and the type of loan you are eligible for will vary greatly. An unsecured loan over a short time frame may be the best option as you need capital to start your plans off but once the business has grown there may be little requirement for further funding. A secured long-term loan over 5 years for example may be what the business requires. In ach of these circumstances Pinnacle will be there to talk through the options available and have seen thousands of small business flourish and grow as a result of business loans.