Professional Practice Loans

Kingsley Asset Finance has been funding the Professional sectors since 2005, we have developed a great product that supports & protects practices cash flow.

Only available to first class credit risks such as accountants, solicitors and other professional practices such as the medical, dental and veterinary professions.

Professional Practice Loans

Credit Criteria

Business established minimum of 3 years & profitable.

  • Home owning PG's
  • UK National only
  • Equity Partners only
  • No sole personal injury or immigration practices
  • Must be registered with appropriate professional body
  • Clear credit searches

Pricing & Terms

Fixed Rate Non-Regulated Commercial Loan.

Finance term: Typically 1 – 3 years
Min – max advances: £25,000 to £75,000 max to any one practice

(Please note we will consider under £25,000 for Limited companies and LLP’s & 4 partner and above firms)

Purpose of Loan

Acquisitions, Disbursement Funding, PAYE, practice refurbishment, working capital, Tax and PI insurance.

Preferred professions: Accountants, Solicitors, Doctors, Dentists, Vets.

Fees

Standard documentation fee: £295.00.

Fees may increase if additional due diligence is required e.g. charges on property.

Requested Information

  • Completed proposal form
  • Loan purpose (total required where syndicated)
  • Latest statutory accounts
  • Management accounts if statutory accounts are more than 6 month old (if available)
  • Last 3 months bank statements
  • Asset & Liability statements
  • Consent to carry out credit searches

Please note we will require personal guarantees on all proposals. Guarantors must be homeowners as we cannot accept tenants.