VAT Bridging
Crown & Bentley Commercial Finance supports cash flow requirements against agreed VAT returns for the following purposes:
- Where a property purchase (Commercial or Land) has a VAT obligation
- Vatable acquisitions of large fixed assets – i.e. plant or machinery
This product is unregulated.
Overview
Max Loan Size
£250,000
Min Loan Size
£50,000
NET requirement lend
up to 100%
Max Term
4 Months
Arrangement Fee
2%
Current Monthly Interest Rate *
(Margin of 1.24% per month) + (Current BoE Base Rate 5.25% / 12 = 0.44%) = 1.68%.
*Note: The monthly interest rate above is calculated as a fixed margin over the current BoE Base Rate (current BoE Base Rate is 5.25%). The monthly interest rate will adjust in line with base rate change for all new loan advances. The monthly interest rates are subject to a floor of 1.45% per month.
Product Features
Interest servicing or retention options. We work with the customer to provide the most flexible solution
No exit or early repayment penalties*
No hidden costs or other fees
No property security requirement.
Accountants undertaking required for redemption of loan from VAT refund.
100% Personal Guarantees required
*30-day notice period required on all redemptions