Every tax season brings its own challenges but fortunately Braemar Finance offers a tax loan option. Available to small to medium sized businesses it helps to spread the cost of any tax liability and allows you to take control of your cash flow through manageable monthly payments.
In this Q&A, Joe Biesty explains what a tax loan is and how it can benefit you and your business.
What is a tax loan?
A tax loan helps businesses to spread the cost of any tax liability over a flexible repayment term.
Why would I need a tax loan?
A tax loan helps avoid dealing with the impact that paying out a lump sum to Revenue has on a firm’s cash flow. It enables you to spread the cost of your tax bill into more manageable monthly payments.
What does Braemar Finance offer?
The Braemar Finance Tax Loan is designed for small and medium sized businesses. Fixed monthly payments and flexible repayment terms are devised to suit the demands of your individual business.
Who makes the payments?
The loan is transferred to your nominated account by Faster Payments, enabling you to pay Revenue directly.
What’s the repayment schedule?
The unsecured tax loan gives business owners the option of spreading the cost of their tax demand into more affordable monthly payments. The flexible repayment terms are tailored to suit the individual needs of the business.
Who qualifies for the Braemar Finance Tax Loan?
We can support a wide range of tax needs, including business, corporation and capital gains tax demands for small to medium sized businesses.
What’s the application process like?
The application process is very simple - tell us the amount of your tax bill and the term you would prefer, and our in-house specialist underwriters will provide a quick decision. We will then tailor the tax loan to suit circumstances with fixed payments over the agreed repayment period.
Click here to find out more about Tax Loans