Log In
Professional practice loans
The UK's professional services sector contributes 12% of the UK’s total economic output and employs over 2.4 million people across the UK. Accountants, architects, lawyers and IT consultants are just a few businesses which fall into the professional services bracket.
Our professional services loans are designed to support the growth of your professional practice. Find out how they work, which businesses they are applicable to and whether you’re eligible to apply.
What are professional practice loans?
Professional practice loans are financial products for businesses that offer a specialised, knowledge-based service. They can provide financial stability if you require a quick cash injection when you need it. We understand considerable overheads come with being in this sector, so we’re here to support your everyday business needs. Whether it’s to aid your growth plans or provide you with a boost, a professional loan from us could do the trick.
Apply online
Get a decision
Receive your funds
How our professional practice loans work
We've designed our professional practice loans to support your growth objectives as a business in the competitive professional practice industry. Funding can act as a buffer by filling cash flow gaps as well as aiding short-term revenue fluctuations. Our products are packed with flexible features to help you develop and maintain a thriving business. These include loan top-ups and repayment holidays, all listed below for you, or you can find them on our business loan page for the finer details:
- We offer professional loans of £5,000 – £500,000 with options to be repaid over 3 – 60 months
- There are unsecured and secured borrowing options
- Our professional loan interest rates start from 0.9% per month, charged on a reducing balance
- We have a fast approval and deposit rate, with funds in your account in as little as 24 hours
- We can assure you there are no hidden fees or early repayment penalties
- Top-ups and repayment holidays are available with all of our professional service loans, as standard
- You’ll be able to access exclusive discounts on industry-leading business services through our Member Marketplace
Unlike traditional lenders, we'll consider your application even if you have a less-than-perfect credit history. By working closely with you, we can assess which finance package suits the needs of your business - because that matters to us! We also make decisions in a matter of hours, not weeks, as we know you’ll want to move quickly to secure your funds. Providing as much information about your business as possible from the outset will accelerate your application. So we always recommend being upfront when applying.
Which businesses can use a professional services loan?
Fleximize has lent over £470 million to SMEs over the UK for countless funding reasons, so whatever your funding need, we’ve got you. As a business owner in the professional practice sector, the finance you require might be used to expand your premises, invest in new IT equipment, or just bridge a gap in cash flow. Whatever your priorities, our support for professional services firms has grown over the years. We will always consider applications from the following sectors:
- IT consultancy
- Architecture
- Management consultancy
- Surveying
- Law firm
- Accounting
- Financial advisory
- Engineering
Check your eligibility for our professional services loans
Our lending criteria is flexible to accommodate businesses that operate in this sector. We do have a list of the basic requirements which your business must meet below:
- We offer professional practice loans to UK businesses registered with Companies House
- We also offer them to sole traders and partnerships applying for over £25,000.
- Your business must have been trading for at least six months and have a minimum monthly turnover of £5,000.
- Businesses in England and Wales can apply for loans of up to £500,000. This can be on an unsecured or secured basis, depending on your loan amount and repayment term.
- Businesses in Northern Ireland and Scotland can apply for unsecured professional services loans of up to £250,000.
- For non-homeowners who’ve been trading for 36 months, we can offer funding up to £20,000.
Loved by our customers
How much will your professional business loan cost?
Interest rates on our professional services loans start from 0.9%, but by using our business loans calculator, you can get an estimate of your overall costs. Our Penalty-Free Promise means you’ll never pay extra to repay early and you’ll save on interest by doing so. Also, our funding is entirely transparent, meaning there are no hidden fees or surprise charges to catch you out.
Why choose Fleximize for your professional practice loan?
Since launching in 2014, our mission has been to empower small businesses to unleash the potential of their ideas with the knowledge, tools, and financial flexibility businesses need to thrive. We’ve created our process and products with this at the forefront to maximize the capabilities of our customers. There are so many perks of using us as your loan provider. Here’s what you can expect from us:
Flexibility: Our team will help you build a finance package that suits you, and you can take advantage of top-ups, repayment holidays, and our Penalty-Free Promise.
Fuss-free: With our online application, you can apply in minutes and get back to what you do best. If approved, you could receive your loan in as little as 24 hours.
Trusted: We’re proud of our quality customer service, but don't just take our word for it – read our excellent Trustpilot reviews.
Personal: A dedicated relationship manager will get to know you and your business. They’ll support you from your first application through to repeat funding if you return for a top-up.
Award-winning: We’ve the Best Business Finance Provider at the British Bank Awards multiple times. See how our work has been recognised on our awards page.
Apply for a professional practice loan today
Just complete our short application form with a few basic details to get started. We understand you’re pretty busy, so we’ve made our application process smooth and simple. Once you've passed our initial checks, a team member will be in touch to guide you through the final stages, and that’s it! The funds could land in your account in as little as 24 hours, so what are you waiting for?
For any questions that need answering, our FAQ page is super useful. Alternatively, you can give us a call on 020 7100 0110 and a friendly member of our team will be on the other end of the line to help.
Maximizing Small Business Tax Deductions for 2024/25
— Read More — Maximizing Small Business Tax Deductions for 2024/25Maximizing Small Business Tax Deductions for 2024/25
Prepare your business for the new tax year and get to grips with allowable expenses you can claim to reduce your next corporation tax bill
How a Commercial Finance Broker Can Help SMEs
— Read More — How a Commercial Finance Broker Can Help SMEsHow a Commercial Finance Broker Can Help SMEs
Understanding your business loan options can be confusing. But a commercial finance broker may be able to help navigate your options more efficiently
Business Loan Rate Comparison Tool
— Read More — Business Loan Rate Comparison ToolBusiness Loan Rate Comparison Tool
See the true cost of your business finance quote with our business loan rates comparison tool. Compare business loan rates here.
Understanding Cash Flow Analysis
— Read More — Understanding Cash Flow AnalysisUnderstanding Cash Flow Analysis
Keeping track of your cash flow is essential to the overall health of your business. Here's a quick look at understanding cash flow analysis
These cookies are set by a range of social media services that we have added to the site to enable you to share our content with your friends and networks. They are capable of tracking your browser across other sites and building up a profile of your interests. This may impact the content and messages you see on other websites you visit.
If you do not allow these cookies you may not be able to use or see these sharing tools.