Time to Pay is HMRC's arrangement letting a business spread a tax bill over instalments it can manage.
In practice
A Time to Pay arrangement is agreed directly with HMRC through the Business Payment Support Service (0300 200 3835), ideally before the payment deadline. It can run alongside a payment arrangement on your loan; coordinating the two sets of instalments keeps both affordable.
We lend only to UK limited companies and LLPs, and the loan is to the company with no director personal guarantee. As business finance outside the consumer-credit regime, it is not covered by the Financial Ombudsman Service or FSCS.
See also: What an HMRC Time to Pay means for my Credicorp payments, How an HMRC Time to Pay sits alongside your loan, Dealing with HMRC Time to Pay arrangements.