Professional practice finance we arrange
Whatever the pressure point,
there may be a way to finance it.
Professional firms rarely need “a loan”. They need to complete an acquisition, get through a renewal, or release value from work already done. We search the market for the funding that fits.
Practice Cash Cycle
- WIP FinanceRelease liquidity while cases and matters progress.
- Disbursement FinanceFund counsel, experts and court fees before recovery.
- Costs FinanceBridge the gap between settlement and recovered costs.
- Court Fees & Case CostsIssue proceedings without waiting on cash.
- Aged Debt & Lock-upRelease cash from bills issued but still unpaid.
- Working CapitalBridge timing gaps and fund growth.
- Unsecured Practice LoansBorrow on the practice’s income, not its property.
Liabilities & Premiums
- Professional Indemnity FinanceSpread a major annual premium rather than absorbing it at once.
- Practising Certificate & Regulatory FeesEvery fee earner renewed, without the single hit.
- Tax & VAT FundingSmooth predictable but substantial liabilities.
- Corporation Tax FundingSpread the corporation tax bill while profit is still in WIP and debtors.
- VAT FundingPay the VAT quarter before clients have paid the bills.
- Partners’ Tax FundingFund the January and July self-assessment payments, every year.
Invest & Grow
- Equipment & TechnologyInvest without tying up working capital.
- IT & SoftwareSystems, hardware and migrations, spread over their working life.
- Refurbishment & Fit-outImprove the practice while protecting working capital.
- Premises & PropertyAcquire, relocate or improve the practice.
- Expansion & New LocationsSites, capacity and new services.
- Recruitment & TrainingBuild the team for the work you’ve won.
- VehiclesSpecialist and everyday vehicles for practice work.
Restructure & Transition
Matching finance to the need
The purpose decides the product.
The right funding depends on what it is for. Goodwill and acquisitions are usually funded with term loans assessed on the practice’s cash flow. Equipment suits hire purchase or leasing, spread over its working life. Premises suit a commercial mortgage. PII premiums and tax bills suit short-term facilities that spread one large payment over the months that follow. WIP, disbursements and unpaid bills can be funded against the value locked up in them.
Using the wrong product is one of the most common and most expensive mistakes we see: an overdraft carrying a permanent acquisition debt, or a long loan taken to cover a recurring seasonal gap. Matching each need to the finance built for it keeps costs down and keeps capacity for the next decision.
We are a broker, not a lender. We look at what you need, work out which kind of finance fits, and search the whole of the market for the lenders most likely to support it. See how it works.
Questions
What firms usually ask.
Can several needs be funded at once?
Yes, and they often should be planned together. A practice purchase, for example, can involve goodwill, premises, equipment and working capital. Each may suit a different facility, even when they are arranged at the same time. See buying a practice.
Is the finance secured?
It depends on the product and the lender. Asset finance is secured on the equipment and a commercial mortgage on the property. Many practice loans are assessed on cash flow, sometimes with personal guarantees. We explain what is likely to be asked before you apply.
Is business finance regulated?
Some of it is. Finance of £25,000 or less for sole traders and small partnerships can be regulated consumer credit, and we’ll tell you at the outset if that applies. Our guide to business finance and consumer credit explains more.
How do we get started?
Tell us what you need to fund and a little about the practice. We will come back to you to talk it through in confidence, with no obligation. Start an enquiry.
Let's talk
Finance for
what's next.
Before you approach a lender, speak to someone who understands the transaction. Confidential, no-obligation initial discussion.
