Professional services business finance
Accountants, consultants, agencies, law firms, architects. Asset-light, project-led; mainstream unsecured term loans dominate. Often LLP or partnership structures. A common decline reason in this sector is partnership / LLP structure underwritten differently. Lenders to consider for professional services include Funding Circle, iwoca, Allica Bank.
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Cash-flow shape
Steady but project-led. Long sales cycles. Cash bunching at end of fee-stage milestones. WIP funding gaps for fixed-fee work.
Products that fit
- Unsecured term loans
- Flexi-loans / lines of credit
- Asset finance for IT and equipment
- Working-capital terms for hiring cycles
Lenders to consider
- Funding Circle
- iwoca
- Allica Bank
- High-street banks for partnerships
Typical decline reasons in this sector
- Partnership / LLP structure underwritten differently
- Practising-certificate gaps (legal, accountancy)
- PI insurance gaps
FAQ
What kind of business finance fits professional services?
Usually unsecured term loans or flexi-loans / lines of credit. Every product that fits is under Products that fit above.
Why do professional services businesses get declined?
The most common reason is partnership / LLP structure underwritten differently. The others are under Typical decline reasons in this sector above.
Which UK lenders fund professional services?
The first two on our list: Funding Circle; iwoca. The full list is under Lenders to consider above.
Send an enquiry
Tell us what you need in 2 minutes. FundBiz is not a lender and does not run a credit check. We pass your enquiry to a business finance broker, who will contact you about your options. For limited companies, LLPs and partnerships with four or more partners.
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