Last Mile Capital has taken on a bike trade specialist, Tej Searle, to focus on motorcycle businesses looking to spread the costs of VAT bill payment.
Searle, who has worked in the automotive, retail, and hospitality sectors, and racked up more than 10 years’ experience working at P&H Motorcycles, told BDN: “After decades in the motorcycle industry, I know how hard it can be to access the right financial support at the right time. That’s why we’re creating practical, tailored solutions to help businesses manage the real-world challenges of growth, seasonality, and cash flow.
“The first solution we’re bringing to market addresses the quarterly VAT bill. Our new VAT Loan programme has been designed to allow businesses to spread the cost of their VAT bill over a fixed term, freeing up working capital when they need it most. The funds can be used for stock, marketing or staffing, and can help to avoid disruptive peaks and troughs in the balance. We handle the search and application process across our panel of more than 60 lenders, and there are no assets at risk: all loan options are unsecured, meaning there’s no need to tie up business or personal property.
“Because of my previous experience of working in the motorcycle trade, our team understands biking businesses and the seasonal nature of their cash flow.”
Last Mile Capital
0203 576 2680
www.lastmilecapital.co.uk