^Get Your £850k Accountancy Firm Loan Today

For an £850k request, fixed-term expansion loans typically suit established accountancy firms that can demonstrate stable recurring revenues and a credible plan for how spending supports future earnings. Common uses include office and systems modernisation (accounting software, cybersecurity, telephony), expanding capacity through recruitment and training, refurbishments, and consolidating higher-cost short-term borrowing into one repayment plan. Typical amounts can range broadly up to £2m for many practices, with repayment periods often between 36 and 84 months. Initial outcomes are commonly around 2 to 6 weeks, though underwriting can take longer where more detailed assessment is required.

Where your £850k plan includes larger capital outlays, such as premises purchase, improvements, or major IT and security build-outs, a secured term loan may be considered. This subtype generally offers longer repayment horizons, commonly 48 to 120 months, and can be priced more favourably than unsecured structures because security may reduce lender risk. Lenders usually look for clear security packages and documentation, plus evidence that fee income can support repayments even during investment periods. Decision times often range from 3 to 8 weeks due to legal and security steps, along with valuation related checks where needed.

If your £850k requirement relates to buying out a retiring partner, funding a new partner buy-in, or acquiring a small practice, this is often the term loan structure lenders assess closely. Eligibility typically covers accountancy LLPs or partnerships and incorporated practices with a defined transaction, backed by valuation basis and affordability. Lending terms commonly run 60 to 96 months to align repayments with the expected transition and continued profitability. Because lenders will review how the ownership change affects revenue durability, you may need to provide contract and completion information. Typical interest ranges are often broadly around 6% to 14% per annum depending on risk and security, with decisions usually around 3 to 7 weeks.