The months seem to be flying by, helped along by the fantastic weather we have enjoyed recently. As it has been a little while since our last update, we wanted to share some of the business funding solutions we have arranged for clients across a range of sectors.
From spreading the cost of tax liabilities to funding new equipment and supporting business growth, every client has different priorities. Our role is to understand those requirements and help identify a suitable funding solution.
As always, none of these successes would be possible without the continued trust and support of our valued clients, professional partners and introducers.
Corporation tax funding for an accountancy practice
Although the accountancy practice had sufficient funds available to settle its Corporation Tax bill, paying the full amount immediately would have reduced the working capital available to the business.
By spreading the cost over 12 months, the practice could meet its tax obligations while retaining funds to support its ongoing operations and future growth plans.
Five-year term loan for a gas engineering company
A gas engineering company required additional funding after securing a new contract. The finance would allow the business to recruit the staff needed to fulfil the work successfully.
We helped secure a five-year business loan that also refinanced existing higher-rate borrowing. This improved the company’s cashflow position and made its monthly repayments more manageable.
Asset finance for a scaffolding company
A scaffolding business needed to purchase additional equipment and have it available on site quickly without placing unnecessary pressure on short-term cashflow.
Working with two lenders enabled us to arrange a competitive funding structure for the purchase. The additional scaffolding could then be put to work while the cost was spread through manageable repayments.
VAT funding for a legal practice
Following a referral from one of our valued introducers, we helped a legal practice manage a substantial quarterly VAT payment.
Rather than paying the full bill in one lump sum, the client was able to spread the cost into more manageable monthly payments. This provided greater certainty and made the firm’s cashflow easier to manage.
Funding solutions for different business needs
These examples demonstrate just some of the ways that business finance can be used. Recent funding purposes supported by Neo Business Finance include:
- Working capital and business development
- VAT funding
- Hire purchase and asset refinancing
- Corporation Tax and Self Assessment funding
- Equipment and vehicle finance
- IT upgrades and office refurbishments
- Stock and essential supplies
- Invoice finance
- Commercial bridging loans
Speak to Neo Business Finance
Whether you are preparing for a tax payment, purchasing equipment, refinancing existing borrowing or funding the next stage of your company’s growth, we can help you explore the available options.
If you would like to discuss a specific funding requirement, please do not hesitate to contact our team.
Best wishes,
The Neo Team (Jason, Gareth and Nathan)
Neo Business Finance