Purchase price: £12,500,000

VAT facility: £2,500,000

Loan term: 90 days

Completion date: October 2025

BloomSmith completes £2.5m VAT bridging loan in central London

The £2,500,000 facility was arranged on behalf of a client expanding its care home operations into the capital.

The 90-day facility was part of a diligent financial planning process that enabled the buyer to maximise their purchasing power, with the land set to be converted into a sustainable care facility.

BloomSmith CEO Nigel Smith said: “This deal is a prime example of how our VAT lending facility can ensure businesses fulfil their expansion goals without taking a huge cash flow hit.

“A special thank you must go to our partners Buckle Barton and Fladgate LLP for their exception work, enabling us to deliver this funding in a timely fashion.”

BloomSmith can deliver VAT funding in as little as 48 hours. You can also see if you qualify for a loan via our VAT Bridging Loan Eligibility Checker or call 020 3488 3411 to speak to our team.