Fee Block Acquisition Finance
A Fee Block Acquisition loan is a type of finance facility aimed at accountants who wish to increase their client base. When purchasing a block of fees, or clients, an accountancy firm can instantly increase the number of clients on their books, which in turn increases profits.
Many accountants who are looking to expand, improve growth or increase their reach take advantage of fee block acquisition loans to purchase fee blocks without impacting on current cash reserves.
A far from ideal scenario is an accountant successfully identifying fee blocks that suit their business model, but a lack of funding or cash reserves blocks the purchase. It is for this reason the use of acquisition loans can play a vital role by allowing the accountancy firm to complete the purchase.