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 the Braemar Finance Tax Loan 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 requirements of your individual business.
Who makes the payment to Revenue?
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 you the option of spreading the cost of your tax demand into more affordable monthly payments. The flexible repayment terms are tailored to suit the individual needs of your business.
What’s the maximum repayment term?
As part of our commitment to supporting businesses through all economic cycles, the maximum repayment term for tax loans is currently 24 months.
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. In the Republic of Ireland, this product is only available to Limited companies.
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.