The short-term loan provider for VAT due on commercial property transactions surpassed its previous record of three deals at £1.9m.

VATBRIDGE also completed five deals during October, up from the previous record of two, while it welcomed 10 new introducers, up from the previous best of three.

“October has been an incredible month, we have had transactions completing throughout the month and we finished with three completions on the final day,” said Alan Smith, CEO of VATBRIDGE.

“In the month, we have completed loans on commercial developments, commercial-to-residential developments, hotels, pubs, industrial buildings and warehouses, there has been a fantastic range of business.

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“It doesn’t look like there will be any respite in November, as October also produced a record number of new business enquiries from a widening introducer base.”

Earlier this year, VATBRIDGE helped a luxury developer earn an increased profit share on a project to convert a Grade II-listed mansion from a commercial to a residential property.

VATBRIDGE offers loan of up to 100% of the VAT due for sums from £30,000-5m+ with seven-day completions.

VATBRIDGE will be attending the Finance Professional Show at London Olympia on 8th November at Stand CO4.