£137,500
£40K for an accountancy firm.
Value in an accountancy firm sits in recurring fees and goodwill, not machinery. The lender needed to see the quality of the business.
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- Amount
- £40,000
- Sector
- Accountancy
- Structure
- Commercial facility
- Outcome
- Completed
Additional finance for an accountancy business. £40,000 completed.
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The requirement
Additional finance for an accountancy business.
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The challenge
Professional firms often rely more on recurring fees and goodwill than on physical assets, so the lender needed to understand the quality of the underlying business.
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The structure
A £40,000 commercial facility was arranged.
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The result
£40,000 completed.
I manage the VFO department at an accountancy practice and contacted Simon on behalf of a client whose unique situation made him appear unsuitable for finance. I had a chat with Simon and he got straight onto the case and found a fantastic finance deal which allows my client to take his business to the next level. Finance that appeared unattainable was sorted within a short period of time.
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Questions about this case
Can a professional firm borrow without much physical security?
Is this a real transaction?
Do you lend the money yourselves?
What does it cost to talk to you?
Could this structure work for your business?
Every case is assessed on its own merits. These pages explain the finance used here and what lenders look at.
Funding options
Client details are anonymised. Every case is different and past results don't guarantee future outcomes: lenders set their own criteria and all finance is subject to status.
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