Professionals expect to have a close relationship with their clients. Why shouldn’t they expect the same from their finance providers?
At County, we pride ourselves on being close to our customers – on first name terms – in the hope of building a long-term relationship. We lend our own money and if you call, you will be speaking direct to the person who will make the decision on your application.
Our way of doing business – fast, direct, reputable and personable – suits the professions extremely well and we have a loyal and growing body of solicitors, accountants, doctors, vets and dentists who seem to agree.
We offer fixed repayment unsecured loans for expansion, practice acquisition, working capital and office refurbishment. We are also pleased to help finance VAT and tax liabilities and to ease cash flow issues generally. We will also help in partner entry/exit situations and with the purchase of medical or veterinary equipment.
Unsecured Professional Loans
Our Unsecured Practice Loan product is available to firms of all sizes. The application process is simple, there is no need to provide business plans or forecasts and decisions are usually made within 24 hours.
Loans from £5,000 to £500,000 can be applied for, are competitively priced, fixed rate and available over periods of up to 60 months. They can be provided for any purpose, including additional working capital, Vat, Tax or disbursement funding and payment is made directly in to your practice account ensuring complete confidentiality.
In addition, these facilities are completely ‘arms length’, they will not affect any existing security, no charges are taken over personal or business assets and perfectly supplement current working capital arrangements.
VAT Funding for the Professions
Our Vat funding scheme can be used to fund just one quarters liability; alternatively a rolling facility can be provided to accommodate each quarter for a twelve month period. This competitively priced product offers clients the opportunity to spread the cost of high quarterly payments over fixed monthly instalments, whilst taking advantage of one month’s repayment holiday at the beginning of the agreement.
As with the medium term practice loans, the application process is simple and funds released directly in to your office account ensuring confidentiality.
Tax/PII and Practice Certificate Funding
We can provide simple, fixed rate, unsecured loans over a six to 12 month period which are specifically designed to cover tax liabilities including both self-assessment and corporation. In addition, our funding can help your practice to cover professional indemnity insurance and liability insurance premiums or practicing certificates.
The application process for this form of finance mirrors our other finance products and bespoke facilities. Decisions on finance applications are made quickly, usually within 24 hours, and our personalised, flexible approach means we are able to consider all requests.
Here at County Finance Group we have a wealth of experience providing finance for various professional practices including but not limited to law and accountancy firms, dental and medical practices and veterinarian clinics. We understand the seasonal cash flow fluctuations and equipment needs of these businesses.
As an independent finance company we are uniquely placed to be able to offer fast decisions and turnaround on finance requests. Our ability to be flexible allows us to tailor unique finance options to suit the needs of your company. In the past our practice finance packages have funded everything from VAT financing, equipment upgrades, all the way through to entire practice acquisitions.
Areas where we are able to offer financial assistance for accountants include:
Tailor-made finance solutions for accountants to maintain cash flow and working capital levels
Loans to assist with meeting HMRC commitments such as tax and quarterly VAT funding
Financing options for office expansion, refurbishment, equipment, software and systems upgrades
Finance for practice acquisitions, with fast decisions on loan applications for a smooth exchange
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