FINANCE OPTIONS

Alternative Finance for Accountancy Firms

Alternative finance for accountancy firms encompasses diverse financial solutions such as peer-to-peer lending, invoice financing, and merchant cash advances. These provide flexible funding options to aid in cash flow management, business expansion, and handling operational needs. Our platform specialises in offering customised financial aids promptly, enhancing the agility of your firm.

Secure up to £500,000 in Alternative Financing with Funding Agent.

  • Quick and easy application process
  • Loan disbursed within 24 hours
  • No additional charges for early repayment
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What are the benefits of Alternative Finance for Accountancy Firms?

The primary benefit of alternative finance is the flexibility it offers. With quicker approval times and less stringent eligibility requirements compared to traditional banks, accountancy firms can access sums ranging from £5,000 to £500,000, often within a short period like 24 hours post-approval. Our services ensure competitive rates and advocacy for responsible borrowing.

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Improved cash flow
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Access to diverse funding
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Flexibility in financing options

What are the different types of Alternative Finance for Accountancy Firms?

Peer-to-Peer (P2P) Lending

P2P lending allows UK accountancy firms with a solid trading history to borrow between £5,000 and £500,000 over 6 to 60 months.

Peer-to-Peer (P2P) Lending

P2P lending features interest rates from 3% to 15% APR and typical decision times within 1 to 5 business days. It is ideal for firms seeking expansion or updates, providing opportunities for upgrades in operations or client base enlargement. Our tailored P2P lending solutions cater specifically to the dynamic requirements of accountancy firms.

Invoice Financing

Invoice financing lets accountancy firms leverage outstanding invoices to fill short-term cash flow gaps, covering up to 90% of invoice value.

Invoice Financing

This option includes fast approval within 24 to 48 hours and requires a fee of 1% to 3% monthly of invoice value. It is most suitable for firms with reliable clients waiting for payments. For firms dealing with substantial invoices, our invoice financing solution offers a reliable mechanism to manage cash flow efficiently.

Merchant Cash Advance

Merchant cash advances provide £5,000 to £200,000 to firms with consistent card revenue, lending based on performance over 6 to 12 months.

Merchant Cash Advance

This solution is advantageous for short-term needs, with funds available typically within a week. A fixed percentage of future sales is used for repayment, making it ideal for temporary marketing boosts or unexpected expenditures. Our expertise helps integrate these advances seamlessly into your financial planning.

What is Alternative Finance for Accountancy Firms?

Application Processes and Decision Timescales

Most applications for alternative finance can be completed online, requiring business financial statements and sometimes personal guarantees. Initial decisions typically arrive within 1 to 5 business days, with funds potentially available 24 hours post-approval. Our streamlined processes ensure your firm meets all necessary requirements swiftly.

Regulatory and Compliance Requirements

Alternative lenders must be registered with the FCA, ensuring transparency and responsible practices. Our services are compliant with all UK regulations, providing a trustworthy platform to pursue financial solutions safely and effectively.

Borrowing Capacity and Rate Information

Alternative finance products vary, but typically offer borrowing capacities from £5,000 to £500,000. Factors such as business turnover and creditworthiness influence amounts and rates, which range from 3% to 15% APR, or factor rates for advances. We offer competitive conditions tailored to your firm's profile to maximise benefits.

FAQ’S

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