Product Description
Our unsecured loan is an agreed loan not secured against business or personal assets. It has been created to allow businesses to:-
- enjoy greater financial freedom to invest as they choose
- gain significant cashflow advantages
- gain access to an additional line of credit
- invest with less risk, as loans are not secured against personal or business assets.
Product Benefits
An unsecured loan offers a host of attractive benefits.
These include:-
- No impact on existing banking arrangements –existing financial arrangements will not be affected at all
- No deposit – there are usually no deposits or pre payments required
- Choice of VAT options – loans or advances may include or exclude VAT according to preference
- No invoices – usually there is no need to present invoices
- Tailored loans – agreements can be customised to individual requirements
- Fixed charges – repayment and interest charges are fixed for the duration of the agreement
- Repayment periods – repayments and interest charges are scheduled over an agreed period of time, usually between one and seven years
- Payment of funds – funds are paid direct into your practice by cheque or BACS payment
- How to apply – simply complete the online application form or call 0800 328 0161
- No limits – the loan can be used for virtually any business purpose from Office Furniture to Relocation Costs or Private Medical Schemes.
Our unsecured loans can be for various purposes including:-
- Refurbishment
- IT Hardware/Software
- Telecoms
- Office Equipment
- Furniture
- Building Works
- Tax Liability
- Aged Debt (Barristers only)
- Vehicles
- Expansion
- Relocation
- Practice Acquisition
- Partnership Buy In/Out
- Practice Mergers
- Recruitment
- Fee Purchase
- Partnership Equity Purchase
- Professional indemnity insurance
