NORMA GREENWOOD JOINS AS SENIOR UNDERWRITER
17 July 2024
We are pleased to welcome Norma Greenwood to the Kingsley Team as our Senior Underwriter.
Our unsecured practice loans have helped fund many professionals over the years, offering a bespoke service to the medical and paper professions to support and aid practices cash flow and growth.
Practice loans can be used for a variety of reasons, including 12-month term facilities to fund tax bills and indemnity insurance, and up to 36 months for specific projects such as practice acquisitions and office refits.
What we finance for the professional sector
Loans can be used as short-term facilities up to 12 months for funding tax liabilities, Professional Indemnity Insurance and practising certificates.
Loans can also be used for longer term facilities up to 36 months for a multitude of purposes – including refurbishments and practice development, acquisitions, and general working capital.
- Acquisitions
- Disbursement funding
- Equipment/asset finance (look at Hire Purchase & Finance Lease options)
- Partner/Director cars (look at Hire Purchase & Finance Lease options)
- Practice refurbishment
- Professional Indemnity Insurance
- Practice Certificates
- Tax
- Working capital
"What can my Kingsley Asset Finance loan be used for?"
Short-Term Unsecured Loans – 12 months funding
HMRC liabilities/Tax Funding – helps spread the cost of your corporation tax bill and budget more efficiently.
Professional Indemnity Insurance (PII) – as premiums continue to increase and be a drain on cash flow, a short-term loan can be the answer to your short- term cash flow issues.
Practising Certificates – similar to PII, your Practice Certificates can be another annual costly expenditure. Spread the cost with an unsecured professional loan and help ease your cash flow.
Longer Term Unsecured Loans – up to 36 months funding
Refurbishments & practice development - looking to upgrade the office interior, develop a new website, train and recruit staff are all soft costs that are difficult to fund through traditional sources, but a practice loan could get the project off the ground sooner and be gentle on your cash flow.
Work in Progress (WiP) – waiting for completion on cases prior to being paid can put a strain on the practice cash flows, this can be alleviated with an unsecured practice loan.
Practice acquisitions – looking to grow your practice through acquisition then an unsecured practice loan can be used to assist with the purchase of another practice.
Disbursement funding – unsecured loans for solicitors can be used to assist with payments to third party medical experts during a claim case.
