Important Deadline Alert: Revenue Tax Warehousing 1 May

As we approach the pivotal date of May 1st, 2024, we must collectively address the impending need for phased payment plans of tax warehousing with Revenue. This milestone underscores the importance of strategic financial planning and proactive measures to safeguard your business's working capital.

BusinessLoans.ie, Your Financial Partner for Cash Flow

If paying back tax will have too much of an impact on your cash flow, having some extra working capital support will be helpful. BusinessLoans.ie can organise fast finance quotes to ease this buden. Rest assured that your cash flow needs will be met with efficiency and professionalism.

Why Partner with BusinessLoans.ie?

  • Expedited Financing Solutions: We understand the urgency of your financial requirements and ensures expedited loan processing, delivering funds precisely when you need them.

  • Expert Guidance: Navigate the phased payment plan with Revenue knowing you have extra cash flow support with financing from the best alternative lenders in Ireland.

  • Tailored Financial Strategies: Your business is unique, deserving of tailored financial solutions. The bespoke approach of BusinessLoans.ie addresses your specific cash flow challenges effectively.

As the deadline looms, strengthen your business's financial resilience and ease the stress. Contact the BusinessLoans.ie team today on 01 55 636 55 or email hello@businessloans.ie.

Recent deal: Seafood seller catches a €150,000 working capital loan

BusinessLoans.ie is celebrating another successful finance deal. It was for a seafood exporter expanding into new markets. The business has been enjoying year-on-year growth with significant sales into China; and now enjoying better margins in their new USA market. They were happy with €150,000 approved in 24 hours, at a fair rate.

Does your business want to hook a fast finance quote? Call us on 01 55 636 55 or email hello@businessloans.ie.

Business Loans: Ukraine Credit Guarantee Scheme

BusinessLoans.ie is happy to have access to the Ukraine Credit Guarantee Scheme (UCGS). It gives businesses lower rate loans and without personal guarantees.

What is UCGS?

Our partner credit teams have Strategic Banking Corporation of Ireland (SBCI) funds under the UCGS. Businesses that have seen costs go up 10% due to war can qualify, for example, inflation on utilities and fuel.

Loan features:

  • Rates start at 5.65%.

  • Loans from €10,000 to €250,000.

  • Terms from 12 months to 60 months. 

  • No personal guarantee.

  • Instant funding on acceptance.

  • Unsecured business loans for working capital or investment. 

If the business qualifies under the scheme, it still needs to pass the underwriting process. Expect to need to have recent filed accounts in profit, a tax clearance certifiate and no recent missed payments in the bank statements.

Does your business want a fast finance quote? Call the BusinessLoans.ie team today on 01 55 636 55 or email hello@businessloans.ie.

Construction business loans in Ireland

BusinessLoans.ie has loan quote options for construction businesses in Ireland. There are simple unsecured loans available at low rates for builders, tradespeople and engineers. Alternative lenders help construction industry businesses with unsecured lending, secured lending, asset financing, invoice financing and more. Many have a low paperwork approval process. We’re here to get you a fast finance quote, so once you’ve decided on how much you may need get in touch and we’ll take it from there. Here are some options to consider.

UNSECURED BUSINESS LOANS

If your business needs general working capital and your accounts are in profit and has no recent missed payments in the bank statements, then low rate simple unsecured loans are available. Unsecured loans with terms up to 5 years are available for capital expenditure; and if you’re looking at used machinery this can be ideal.

SECURED BUSINESS LOANS

There are other lenders on the market who can quote where you may have had a small loss one year and maybe a higher number of missed payments where unsecured loan quotes won’t work. If your business owns machines and vehicles they can work as collateral for secured lending.

INVOICE FINANCE

Some businesses, such as subcontractors, can have a significant book of debtors. There are flexible invoice finance options that enable you to release cash from your invoices and improve your cash flow cycle.

ASSET FINANCE

Your business may need new or used vehicles, machines & equipment to get working on project. You can get low rate asset finance, whether leasing or hire purchase. Get quick indicative repayment info up to 7 years in term. Just get a machinery, vehicle or equipment quote from any reputable dealer North or South to get started.

Does your construction business want finance? Call the BusinessLoans.ie team on 01 55 636 55 for fast finance quotes; or email hello@businessloans.ie.

Recent deal: Steel shed builder gets a €75,000 stocking loan boost

BusinessLoans.ie is celebrating another happy client. It was for an engineering firm that needed bulk steel at a good price to finish a flurry of recent orders. The business owner felt their bank would take too long and was looking for a quick turnaround. They got a 24 hour approval through a non-bank lender at a fair rate. They took a 12 month term and were happy to know they could exit the loan early if they wished to save on interest.

Does your business want a fast finance quote? Call the BusinessLoans.ie team on 01 55 636 55 or email hello@businessloans.ie.

Fast loan quote? Flexible Repayment Loan

BusinessLoans.ie has a fast finance quote option for up to €250,000. Businesses that are trading from 9 months onwards and turnover of at least €20,000 a month can enjoy 24 hour approval. The repayment is flexible because it keeps in tune with cash flow over a term up to 12 months. Generally the partner credit team can top up the loan once it’s paid down at least halfway.

Many businesses in Ireland have tight profits or tax clearance certificate issues such as phased payment plans or tax warehousing with Revenue. Sometimes approval can be made in such circumstances and it costs nothing to check.

Does your business want a fast finance quote? Call the BusinessLoans.ie team on 01 55 636 55 or email hello@businessloans.ie.

Fast & furious turnaround on €70,000 car dealer stocking loan

BusinessLoans.ie is celebrating another quick turnaround loan quote; approval in less than 24 hours. Yesterday a car dealer called because their bank seemed to be giving them the run-around on their annual car stocking loan arrangement. The lack of correspondance and hearing of new additional credit checks had given him the nudge to try elsewhere.

BusinessLoans.ie found that, while they had a dip in turnover, it was because of the Pandemic and they recovered well in 2023, with their best sales yet. Our lending partner approved them for the same amount as the bank by the next morning and the client was happy with a stocking loan facility with flexible repayments that worked with their cash flow cycle.

Does your business want a fast finance quote? Call BusinessLoans.ie on 01 55 636 55 or email hello@businessloans.ie.

Business loans forecasting for 2024

Forecasting your ability to secure cash flow loans and asset finance is crucial for effective financial planning for 2024. Here are some steps and considerations to help you with this process:

1. Assess Current Financial Health:

  • Review your current financial statements, including income statements, balance sheets, and cash flow statements.

  • Identify key financial ratios to understand your business's liquidity, profitability, and solvency.

2. Cash Flow Projections:

  • Create detailed cash flow projections for the upcoming year. Estimate your monthly inflows and outflows.

  • Consider different scenarios, such as best-case and worst-case, to account for uncertainties.

3. Loan Requirements:

  • Clearly define the purpose of the loans and asset finance you are seeking. Whether it's for working capital, equipment purchase, or expansion, having a specific plan will strengthen your loan application.

  • Understand the amount you need and the repayment terms you can comfortably manage.

4. Creditworthiness:

  • Regularly monitor and maintain a good business credit score. Lenders often use this to evaluate your creditworthiness.

  • Address any outstanding debts or issues that could negatively impact your credit score.

5. Relationships with Lenders:

  • Strengthen your relationship with existing lenders. If you have a good history with them, they may be more willing to provide financing.

  • Explore local banks and financial institutions, as they may have a better understanding of your business environment.

6. Asset Valuation:

  • If seeking asset finance, provide accurate valuations for the assets you intend to finance. This adds credibility to your application.

7. Financial Documentation:

  • Ensure your financial documentation is in order. Lenders will likely request financial statements, tax returns, and other relevant documents.

8. Government Support Programs:

  • Explore any government support programs or grants available for small businesses in Ireland. These can provide additional financial assistance.

9. Professional Advice:

  • Consult with a financial adviser or accountant to ensure your financial projections are realistic and well-supported.

10. Stay Informed:

  • Keep an eye on economic and industry trends. Changes in the business environment can impact your ability to secure financing.

11. Contingency Planning:

  • Have a contingency plan in case your initial financing options do not materialize as expected.

12. Continuous Monitoring:

  • Regularly review and adjust your forecasts based on actual performance. This allows for timely adjustments and better decision-making.

By carefully considering these factors, you'll be better positioned to forecast your ability to secure cash flow loans and asset finance for your small business in Ireland. Remember that financial planning is an iterative process, and staying proactive and informed will contribute to your success. BusinessLoans.ie can reach out to lenders to see how much credit might be available. Call us today on 01 55 636 55 or email hello@businessloans.ie.

Recent deal: Fire protection business gets a €50,000 cash flow loan

BusinessLoans.ie is celebrating helping another client. It was for a business in fire protection & construction services. The business had been trading for a few years, built up solid turnover and reinvested in growing the business. However, they had reliable but slow paying debtors such as county councils and much of their cash was tied up here. Net profit was tight and they had an arrangment with Revenue, so no tax clearance certificate. Their bank was unable help and they had wages and other bills to pay.

BusinessLoans.ie identifed a flexible repayment loan that could work due to their sizable turnover. They got €50,000 funded in days and were happy to have a flexible repayment that worked in tune with their cash flow cycle.

Does your business want a fast finance quote? Call the BusinessLoans.ie team on 01 55 636 55 or email hello@businessloans.ie.

Recent deal: Tile superstore gets a €100,000 stocking loan

BusinessLoans.ie is celebrating another successful deal. It was to assist a tile superstore get extra stock. Business was booming but their last set of accounts ended up on a small loss due to the pandemic. Because of the loss they were having a difficult time accessing unsecured finance. We identified a merchant cash advance opportunity due to their large volume of sales by card. The lending partner was able to provide an initial €30,000 facility and then, some months later, another €100,000 facility. Our client was happy to have a flexible repayment that works with their cash flow cycle.

Does your business need a fast finance quote? Call the Business Loans team on 01 55 636 55 or email hello@businessloans.ie.