FINANCE OPTIONS

^Get Your £1m Accountancy Firm Loan Today

Q: What borrowing range can a £1m accountancy firm loan fit into

Typical SME term loan amounts vary by structure, with typical ranges reported as £100,000 to £1,500,000 for unsecured or partially secured options, £250,000 to £5,000,000 for senior secured term loans, and £150,000 to £3,000,000 for asset-backed term loans. A £1m request is often within lender appetite for stronger cases.

Q: How long does a £1m term loan decision take

Initial credit decisions are often measured in weeks, such as 1 to 6 weeks depending on lender type and case complexity, with drawdown commonly extending to 4 to 10 weeks after an offer is agreed. Timelines can increase if security and legal requirements or asset valuations need more work.

Q: What interest rate range should accountancy firms expect

Typical interest ranges for UK SME term loans can be approximately 4.5% to 11.0% per annum for secured senior term loans and about 7.0% to 14.0% per annum for unsecured or partially secured structures. Asset-backed term loans are often reported around 4.5% to 10.5% per annum. Exact pricing depends on your risk, term length, security and cash-flow profile.

Q: What are the main types of £1m term loan for SMEs

The main structures are senior secured term loans, unsecured or partially secured term loans, and asset-backed term loans. Secured options commonly involve debt service coverage and may take security over business assets. Unsecured options often rely more heavily on cash-flow and can include personal guarantees. Asset-backed options focus on eligible assets or a borrowing base that supports repayment.

A £1m accountancy firm loan is typically an SME term loan, where an eligible business receives a lump sum upfront and repays it in fixed instalments over an agreed period, usually monthly. Accountancy practices use this type of finance for expansion, refinancing existing debt, or investing in offices and key systems such as CRM or audit workflow. Because lenders assess affordability using cash-flow projections, you will need robust trading history and a clear case for how the funds will support repayment. For a £1m target, underwriting often involves more detailed documentation than smaller facilities.

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^Benefits of a £1m SME term loan

A £1m term loan is designed for multi-month plans because funds are available upfront, then repaid in structured instalments you can model against forecast cash generation. The decision process is often measured in weeks, and pricing is influenced by risk, term length and security arrangements.

Upfront cash for growth

Predictable monthly instalments

Potentially better overall value

SCALE YOUR BUSINESS TO NEW HEIGHTS

Common ways to structure a £1m term loan

Senior secured term loan

Typically suited to UK limited companies or LLPs with an acceptable credit history and operating track record, often at least 2 years. Security may be taken over business assets, and affordability is assessed using cash-flow and debt service coverage.

Senior secured term loan

For a senior secured term loan, lenders commonly assess whether your projected cash flow can service repayments across the full term, and they may expect stronger evidence for a £1m request. Loan terms are often 36 to 84 months, which can be more common where security and cash-flow strength are demonstrated. Decision time for initial credit decisions is often 2 to 6 weeks, with completion commonly extending to 4 to 10 weeks depending on security and legal checks. Typical secured pricing can range from about 5.0% to 11.0% per annum, varying by risk, term length and leverage.

Unsecured or partially secured term loan

Generally focused on net profit durability and repayment capacity. It may involve limited or no security, and personal guarantees are more common. Amounts of £100,000 to £1,500,000 can be possible for strong profiles, including unsecured corporate loans.

Unsecured or partially secured term loan

Unsecured or partially secured term loans can suit accountancy firms that can demonstrate credible cash generation but have balance sheet assets that are limited or already pledged. Terms are commonly 24 to 60 months, and the risk profile usually drives pricing higher than secured lending. Typical decision timing for straightforward cases is often 1 to 4 weeks, with completion potentially 3 to 8 weeks depending on documentation and any guarantee arrangements. Typical interest ranges can be about 7.0% to 14.0% per annum, reflecting credit history, director experience and cash-flow forecasts used for affordability.

Asset-backed term loan

Repayment capacity is supported by eligible assets such as specific equipment or a defined borrowing base linked to invoices or receivables. Lenders assess asset valuations and the repayment profile tied to sales performance.

Asset-backed term loan

An asset-backed term loan can fit when you can show a credible base of assets and how they support repayment over time. Typical amounts are £150,000 to £3,000,000, with longer terms often 24 to 72 months depending on asset life or the linked repayment profile. Initial decisions are often 2 to 6 weeks, though valuations or monitoring setup may extend timelines. Pricing commonly reflects collateral quality and can sit around 4.5% to 10.5% per annum, depending on the deal structure and collateral volatility. This structure can be useful for investing in equipment and technology where the asset and cash generation story is clear.

Typical Funding Journeys on Funding Agent

Submit your funding request

Our platform enriches your application using business data

Your request is matched to suitable lenders

Receive offers and proceed with the best option

How Funding Agent helps you access a £1m term loan

Tell us your £1m loan goal

Share the target amount, the intended use such as refinancing, capex or growth, your preferred term range, and your current trading position. The more specific your plan, the easier it is to align to lender fit for a £1m request.

Please also consider completing the online application form so Funding Agent can match you to the most suitable term loan route.

We shortlist matching lenders

We review your details against lender fit for secured, partially secured or less-secured routes. You will also be told what documents are typically needed for the likely underwriting route, especially where security, collateral or personal guarantees may be relevant.

Submit a ready-to-underwrite pack

We help you organise the application pack for credit and affordability review, including a clear use-of-funds narrative and the financial information lenders expect. This supports progression to an offer and drawdown where approved.

To prepare effectively, you can check what application documents needed are commonly requested during underwriting.