Unsecured Corporate Loans for Accountancy Firms
Unsecured corporate loans for accountancy firms offer a flexible financing solution without the requirement for collateral. These loans support growth, manage cash flow, and cover operational expenses. By eliminating the need for assets as security, accountancy firms can quickly access funds to expand services or invest in staff and resources.
- Quick and easy application process
- Loan disbursed within 24 hours
- No additional charges for early repayment
We Like To Keep Things Simple
to
£500K
zero hidden fees
What are the benefits of Unsecured Corporate loans for Accountancy Firms?
The key advantage of unsecured corporate loans is the absence of collateral requirements, enabling faster access to funds. Typical borrowing amounts range from £5,000 to £250,000 with decision speeds as quick as 24 hours. Interest rates between 6% to 25% APR provide competitive financing options, helping firms maintain liquidity and financial agility.
What are the different types of Unsecured Corporate loans for Accountancy Firms?
Unsecured Term Loan
Unsecured term loans offer amounts from £5,000 to £250,000, repayable over 12 to 60 months. Suitable for UK companies with over £100,000 turnover and good credit history.
Business Line of Credit
Business lines of credit range from £10,000 to £150,000 with variable interest rates, ideal for established UK businesses needing short-term capital.
Merchant Cash Advance
Merchant cash advances provide up to £200,000 based on card sales, with factors of 1.1 to 1.5 applied over a 3 to 12-month term.
What is an Unsecured Corporate Loan for Accountancy Firms?
Application Process and Timescales
Applications for unsecured loans require online submissions including business documents, financial statements, and credit checks. Decisions vary from a few hours to several days, with funds potentially available 1 to 3 days post-approval, depending on the completeness and accuracy of the submission.
Regulatory and Compliance Requirements
Unsecured loans fall under the Financial Conduct Authority’s guidelines, ensuring responsible lending and transparency. Businesses must adhere to these regulatory standards to ensure fair treatment and maintain ethical practices in lending.
Borrowing Capacity and Rate Factors
The borrowing capacity ranges from £5,000 to £250,000, influenced by credit history, business age, turnover, and financial health. Interest rates between 6% and 25% APR are impacted by credit score and economic conditions. Additional fees may include application and early repayment charges.
.png)
.png)
.png)
