Professional practice loans can provide a useful finance opportunity when other avenues become complicated.
Approaching the bank for an unsecured loan and being faced with the daunting task of providing cash flow forecasts and plans for the smallest of projects can be a frustrating experience.
If your practice has been trading for less than 3 years, arranging finance can be even more difficult and complex. Traditional banks rarely provide the amount of funding that we are looking for or tie up valuable funding lines which may be better used for cash flow and other purposes.
XL Business Finance can arrange unsecured practice loans for projects big and small where traditional bank funding is unable assist. A new telephone system, computer equipment, an office redevelopment or tax funding are some of the examples of specialist professional practice funding projects secured recently.
XL Business Finance is a privately owned and independent finance company with established links to many of the UK’s leading Finance Houses. We provide a viable alternative to high street banks that lack the flexibility and imagination to provide a solution to most funding requirements.
Many practices use professional practice loans for tax funding; VAT funding allows you to keep vital financial resources on hand. You can distribute your firm’s tax burden evenly over the year with VAT funding, instead of having to pay a large sum every three months. Extra funds can be released to you every three months to help ease cash flow. You could receive a short-term loan for one quarter, or VAT funding for an entire year.
An unsecured Tax Liability loan is an ideal solution for professional businesses and individuals that are looking for a tax funding solution that meets their needs. Loans can be available quickly.
For advice and guidance on all aspects of professional practice loans and how they can help your business, contact us today.
The Department for Science, Innovation and Technology (DSIT) recently announced a £7.4 million pilot scheme to subsidise the cost of AI skills training for small and medium-sized enterprises (SMEs) in the Professional
You can spread the cost of your HMRC Self-Assessment tax bill, Corporation Tax or VAT bills using a easy to arrange solution that will ease any pressure on your cashflow.