Compare ^{Professional Practice Loan} Options Up To £400k

Unsecured professional practice loans are available to practices with at least two years’ trading history and strong credit profiles. Suitable for firms looking to manage cash flow, support marketing efforts, or hire new staff, these loans do not require collateral. The application involves submitting financials and a business plan, followed by a credit assessment. Decisions are reached in 1 to 2 weeks, with flexible repayment terms of 12 to 60 months and rates between 6% and 12% APR. Unsecured business loans can be a solution for many professional practices.

Secured professional practice loans require collateral, typically property or equipment, and offer higher amounts at lower rates—4% to 8% APR. The process includes asset valuation and thorough credit assessment, often taking 2 to 4 weeks from application to decision. Loans can support significant investments and come with longer terms of 24 to 84 months, helping practices make essential upgrades or expand their footprint effectively.

Practice acquisition loans are tailored for experienced professionals planning mergers, buyouts, or additional site acquisitions. Applicants must present a robust acquisition and business plan, with rigorous financial and legal due diligence. Decision timelines range from 1 to 3 months. These loans support substantial growth, offering terms from 36 to 120 months at rates between 5% and 9% APR.