Business Borrower

[Image: VAT100]

VAT100

Year Established:
05-03-2005
Bigcarrots member since:
16-09-2009
Number of CCJs:
0

Business Summary

Businesses Credit Rating
  • 4/5 Stars
Affordability
  • 2.25/5 Stars
Strength
  • 4.5/5 Stars
This listing has Completed

VAT Consultant looking to expand

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Loan Purpose
Business Expansion
Loan Amount
£7,500.00
Loan Term
24 Months
Target Interest Rate
8.00 %
Progress Bar
15.67%

£1175 from 3 offers

Listing Ends
Not updated

Company Profile

For what purpose is the company borrowing
We want to take on another partner, but this means we need to pay an agency to find one, market to new clients for additional work and pay the salary of the partner until they earn enough to support themselves.
Why I think it is affordable
We have a steady income with permanent contracts signed for the next couple of years, this means we know how much we will bring in and what we can afford to do. Once established the new addition will bring in more fees to cover the loan and their salary.
What the company does
We are a indirect taxes consultancy that provides advice and strategy for large corporate entities, generally my clients turnover in the Billions and we provide detailed strategy and cost savings for International VAT issues including 8th Directives.
Brief company history
The business was set up 2 years ago by the director after finding a several clients all wanted my tax services I went self-employed and now we have grown with another partner and are looking to expand further.
No.of Directors
1
No.of Employees
2
Why support my business
We have steady income and contracts, we have paid all our bills and VAT on time. We have good references from all of our clients.

Business turnover and Business Costs

Annual turnover
195,000.00
Net Profit
190,000.00
Gearing %
4.03%

Business Summary

We want to take on another partner, but this means we need to pay an agency to find one, market to new clients for additional work and pay the salary of the partner until they earn enough to support themselves.

Lending offers

Lender Amount Rate Date Status
messenger1 £500.00 8.00% 17-09-2009 In Process
MrBig £500.00 8.00% 17-09-2009 In Process
user2 £175.00 8.00% 20-09-2009 In Process
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