Funding Solution: Unsecured Professional Practice Loans

Our unsecured practice loans offer our clients the following benefits:

• Additional credit line – frees up your current banking and other funding lines
• Bespoke funding – facilities can be tailor made to suit your requirements
• Cashflow planning – helps spread bills and projects over an agreed period to suit the practice's cash flow
• Dedicated support team – our sales support team have a wealth of knowledge and experience in guiding you through our simple application process
• Experienced credit underwriters – our credit experts have been underwriting unsecured practice loans for nearly 20 years and have a great understanding of the needs and pressures of professionals requiring funding

Our loan application process is simple:

• Application – our online application is quick and easy without the requirement for business plans and cash flow forecasts
• Credit decisions – our manual underwriting process takes up to 24 hours giving you quick decisions
• Electronic signature documents – our documents are customer friendly allowing for quick turn-around times
• BACS payment – cash in your business bank account giving you immediate access to funds
• Peace of mind – fixed repayments, no upfront fees, or hidden charges & no early settlement charges

Credit criteria for professionals

Applications for our unsecured professional practice loans are available to first class credit risks such as accountants, solicitors, and other professional practices such as medical, dental and veterinary professions.

Underwriting Guidelines

• Business established minimum of three years and profitable
• Home owning personal guarantees
• UK National only
• Equity partners only
• No sole personal injury or immigration practices
• Must be registered with appropriate professional body
• Clear credit searches

Terms

• Competitive Fixed Rate Non-Regulated Commercial Loan
• Finance term: Typically 1 – 3 years
• Min – max advances: £25,000 to £75,000 max to any one practice
• Admin fees payable with first Direct Debit £325

(Please note we will consider under £25,000 for Limited companies and LLP's and four partner and above firms)

Find out more about Professional Practice Loans funding