Operating a professional practice can be time consuming & tough work, but accessing funds to help you reach your business goals, doesn't have to be.
We'll go out of our way to get to know your business, so we can help you find the best funding solution in a timely manner while you focus on your clients.
Sample Accounting Practice transactions
Regional Victoria - Two partner practice - Refinance existing practice equity loans secured on principals' homes, pay out retiring partner, purchase of new practice, plus working capital. Total Loan $2.12m - Bank funding structured as a term loan and line of credit secured on the combined practice supported by guarantees.
SE Qld - Sole Practitioner - Refinance of existing short-term working capital and acquisition loans secured on the practice, additional working capital, plus line of credit to provide equity contribution for future expansion. Pre-positioned with the Bank for purchase of a further practice purchase to $500k - Bank Funding $500k structured as Term loan ($300k) plus Line of Credit $200k, secured on the practice, supported by guarantees.
Our client has now grown his practice through acquisitions to approx., $1.3m in annual fee income.
Regional Victoria (2) Long established two partner practice. Junior partner sought additional funding to buy further share in the company. Finance approved and settled within a week of application being lodged. Security - charge over shares in company and personal guarantee.
Western Sydney - Principal of a well-established financial services practice offered to sell 60% of the shares in the accountancy practice to his senior accountant, a long-term employee who was managing the practice remotely, and looking to move back to Australia. Finance facility $500k+ secured on the practice and personal gtee.
Eligibility and approval are subject to the recommended lender's standard credit assessment. Lenders fees, terms and conditions apply.
