Solicitors VAT Funding

‘The Practice Loan Company has developed an exclusive funding line for professions aimed at satisfying the growing demand for VAT finance.’

If like many other practices your cash flow is strained every quarter with the outflow of VAT you could take advantage of our facility and release some very important capital.  This popular facility is aimed at medium to large sized legal firms (5 partners/directors or more and a minimum turnover of £1.5m) and has the ability to free up capital that is best used in other areas.

How does it work?

You let us know how much you VAT liability is and we will submit a proposal to finance this amount over a 3 month period.  3 months later, when your next bill comes in you send it to us and we arrange a further 3 month finance agreement to cover the liability.  This continues as long as you require the finance.

Is there a credit search involved?

Each partner/director is credit searched to establish status.

What security is required?

If you are a limited company or an LLP and you have less than 6 equity directors/members personal guarantees will be required from each of them.  If you are a partnership then you are jointly and severally liable by the nature of a partnership anyway.

How long will it take?

From collecting the information to having the finance ready to go will generally take up to 2 weeks however often we can move quicker.

How do we move forward and apply?

In the first instance you could call one of our experienced managers free using 0800 328 0161 or email us at This e-mail address is being protected from spambots, you need JavaScript enabled to view it so that we may start the process.