Business Finance Services

Business Finance Services Available

• Asset Finance 
• VAT & TAX Loans
• Invoice Finance 
• Unsecured Business Loans

ASSET FINANCE:

At WRK Solutions Ltd our specialist team can arrange Asset Finance for all of your business assets.

With the UK high street banks making it more difficult to arrange business asset finance, it has become extremely challenging for SMEs to get financing for key areas of their operations. This is where WRK Solutions Ltd t/a Vehicles4work & Car Lease Shop along with our asset finance partners come in to find a solution.

Hire Purchase:

When you want to own the asset outright, this is the most traditional form of asset finance. Interest charges can be fixed or variable and the term varied to suit individual cash flow requirements.

Finance Lease:

Unlike hire purchase ownership never passes to the named Customer/Hirer on a lease agreement. The customer effectively rents the asset for a predetermined period of time from the finance company. At the end of this period the hirer traditionally has 3 options

1. Retain the use of the asset by paying a secondary period rental 
2. Sell the goods to a third party on behalf of the finance company 
3. Return the asset to the finance company

Sale and Leaseback or (HP) Back:

If vehicles or equipment have been purchased outright by a customer using their own cash flow it is possible to fund these assets either by Hire Purchase (England Only) or Lease provided the transaction is completed within a maximum of 90 days of the goods being purchased.

Re-financing:

If cash is required to be injected into the business to fund business expansion, a buyout or simply for working capital, owned or partly owned assets can be used for this purpose. This is one of our most popular products..

VAT & TAX LOANS:

At WRK Solutions Ltd our specialist team can arrange VAT & TAX LOANS for your business requirements.

Need some help with your HMRC bills? Ask us about our newest product VAT & Tax Loans. VAT loans are spread over three months with Tax loans being spread over twelve

Monies are paid directly to HMRC by the Funders to ensure the bills are covered before the due date. This product assists with cashflow and allows the repayment of these bills to be spread without the worry of having to pay penalties for late payment.

INVOICE FINANCING:

At WRK Solutions Ltd our specialist team can arrange Invoice Financing for your business requirements.

Unpaid customer invoices are becoming more and more a characteristic in businesses both big and small. Our Cashflow release facilities can unlock the funds tied up in these unpaid invoices and reduce the reliance any business has on an overdraft facility which as you are probably aware, can be removed at any time. The term Invoice Finance means releasing cash tied up in your outstanding invoices.

There are two main types of Invoice Financing; Factoring and Invoice Discounting.

Invoice Factoring:

Factoring provides finance and a comprehensive sales ledger service to growing businesses. The factoring facility provider will make available up to 90% of the value of all approved invoices – In most cases this is paid into your bank account within 24 hours. The balance less charges is paid to the client when their customers pay the invoice.

Invoice Discounting:

Invoice Discounting can be completely confidential and leaves the client in full control of the sales ledger and collection of invoice payments from customers. In very simple terms, invoice discounting allows you to receive up to 85% of the money you’re owed within 24 hours of submitting an invoice. Money is advanced against the invoice without your customer knowing of any provider involvement.

Unsecured Business Loans:

At WRK Solutions Ltd our specialist team can arrange many types of unsecured business loans.

Business Loans for any purpose*

We offer business loans to clients throughout the United Kingdom, utilising our experience and close contacts with many banks and finance companies to ensure we always achieve the most competitive terms for our clients. From £15,000 to £350,000 Unsecured.

Fixed Rate, monthly repayment loans with terms from 6 months to 5 years. Totally independent from your business banking, giving you the flexibility to run your business effectively. Personal Guarantees will be required for most unsecured loans and on some secured loans.

Criteria Sole trader, Partnership, Limited Companies & LLP’s. Must be able to provide a minimum of 2 years accounts. All directors must be UK based.

No Minimum Turnover.

We can also arrange cash advances based on historical credit/debit card sales for consumer facing SME’s who are in need of short-term cash fast. Quick and easy to arrange!

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