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 Consolidation 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 Consolidation Loan?
Consolidation loans help you to simplify and save by moving your borrowing from multiple lenders into one monthly repayment. They offer an affordable solution designed to improve your cash flow and reduce your interest costs. Secured borrowing can be consolidated onto unsecured facilities. This type of loan enables you to upgrade your existing borrowing to reflect your current financial performance.
Am I eligible for a Consolidation Loan?
Any Limited business in the UK can apply for a Consolidation loan, as long as they have existing loan borrowing, have been trading for more than 2 years and an annual turnover of £250,000 or more. Simply complete our form to discover if you are eligible CLICK HERE.
Can I get a Consolidation loan with bad credit?
Our panel of lenders typically underwrites based on business turnover and performance rather than personal credit strength. However, having a financially strong and profitable business, coupled with good personal credit, will result in the cheapest interest rates available.
Am I eligible for a Consolidation Loan?
Any Limited business in the UK can apply for a Consolidation loan, as long as they have been trading for more than 2 years and has an annual turnover of £250,000 or more. Simply complete our form to discover if you are eligible CLICK HERE.
Do I need a personal guarantee?
While most of our lenders require a personal guarantee, some offer unsecured loans without this requirement, but may request a debenture over the business instead.
Can I repay my Consolidation Loan early?
Definitely, you can settle your loan early, at any point during the term of the agreement. There are no early repayment penalties or early redemption fees with any of our lenders. Furthermore, some of our term lenders will even allow part-payment, overpayment and the opportunity to take payment holidays.
What is the interest rate for a Consolidation Loan?
Interest rates are determined by the level of risk that lenders associate with your business. The rate you receive is directly influenced by your business' financial situation and performance. Consolidation Loans offer one of the most cost-effective borrowing solutions available to businesses, providing competitive interest rates combined with affordable monthly repayment structures.
How much can I borrow and for how long?
The maximum available through our Consolidation lending solutions, over terms up to 72 months, is £2 million.
When should I get a Consolidation Loan?
Consolidation loans are ideal for established businesses that have been trading for three years or more and want to consolidate their existing borrowing onto a cheaper package. These loans offer low-interest, affordable financing solutions to help you to simplify and save. Consolidating your finances allows you to upgrade your borrowing to reflect your current financial performance and simplify your repayments.
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.