The most beneficial form of financing is targeted to your particular needs!
Practice finance provides reliable and clear solutions for those looking to fund their professional practice – this could be a Solicitor, an Accountant, a Dentist or a Vet. Some areas that are included are unsecured loans, capital financing, VAT considerations and tax remedies. Let’s take a brief look at a few of these categories in a bit more detail:
Unsecured Professional Loans
Unlike a secured loan, an unsecured loan means you are not required to provide an asset as collateral. The application and approval process is simple. From receipt of the information required for carrying out due diligence, a credit decision will normally be provided within twenty-four hours or less. Loan amounts of between £50,000 and £250,000.00 can be applied for by firms of all sizes.
Funds are paid directly in to the firms office account and, as they boast fixed interest rates and a repayment period of up to sixty months, payment of pending liabilities, improved cash flow and vital working liquidity can become a reality. Some of the primary uses for such funding will include (but are not limited to):
- Working capital
- VAT or tax concerns
- Disbursement funding
- Capital equipment
- Recruitment fees
Furthermore, these loan facilities will not detrimentally affect any existing securities or financial schemes; this modularity is an important feature.
VAT Funding for Professions
This flexible option will enable you to address your VAT liability for a single financial quarter, or if preferred, it can be used for all four quarters of a normal business year. The primary advantage here is that professionals will be able to dilute potentially expensive costs over a fixed monthly payment period; liberating valuable capital which can then be placed back into the core competencies of the business. As with other loan products which are targeted to your needs, approval is quick and easy and funds can thereafter be immediately released into your online business account. All of your information is kept strictly confidential.
Tax/PII and Practice Certificate Funding
There may be instances when you require a short-term unsecured loan in order to settle an existing, or pending, tax liability. Practice finance solutions are able to provide these vehicles for both self-assessment and corporate situations.
It is therefore clear that one of the key advantages of practice finance is the unique ability for professionals to encounter complete solutions, which are specifically designed to accommodate their specific needs at a certain time. These are but a handful of the facilities that can make a vast difference in terms of financial security and ultimately, success. By approaching your overall fiscal management policies in such a manner, you will be able to enjoy greater success, more liquidity and most importantly, a great deal of freedom.