Not many businesses know about VAT funding and that they are able to spread the cost of their VAT bill across a few months to improve their cashflow and release funds for their business.
The Challenge
This independent family agriculture business that specialises in the sale, repair and servicing of agricultural machinery came to Moorgate Finance for VAT funding. Faced with a large VAT bill, they were concerned about wiping out their cash reserves, which could have strained their day-to-day operations. Therefore, to manage their cash flow effectively, they wanted to spread the coat of their VAT bill over several months.
The Solution
We were able to provide a tailored solution for the agriculture machinery business, arranging £22,000 in VAT funding, spread over three months to help them manage their VAT bill more effectively. This approach made the payment more affordable and protected their cash reserves, avoiding unnecessary financial issues. Impressed by the quality of our service, the business is now exploring a long-term partnership with Moorgate Finance to handle all their future funding needs and the financial needs of their customers. By spreading the VAT cost across one of their quieter periods, the funding also helped them maintain steady cash flow, ensuring the business remained stable.
The Highlights
✅£22,000 financed for an agriculture machinery business
✅ Allowed them to spread the cost of their VAT bill over a quieter period to prevent cash flow problems
✅ Impressed by our service, the business is now exploring a long-term supplier partnership with Moorgate Finance
Give us a call on 01908 92 62 62 or head to www.moorgatefinance.com/apply-now to start the conversation.