Loan Amounts and Funding Terms
Loan terms between 3 months and 5 years with fixed monthly payments
Loan amounts over £2,000
Are you looking for fee block acquisition funding over £2,000?
Are you a UK registered business?
Have you been trading for more than 12 months?
Fee Block Acquisition Funding
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.
How to apply for A fee block acquisition loan?
Fill out our application form in less than 5 minutes
Your application will be allocated to your dedicated case manager
Your case manager will be in touch within 4 working hours
They will collect all required documents to process your application
You will receive a decision within 48 hours in most circumstances
You will receive your funds within 48 hours of acceptance in most circumstances
The Benefits of Fee Block Acquisition Loans
Flexible Terms and Borrowing Amounts
Fee block acquisition funding is generally more flexible in terms of loan amounts and terms in comparison with other business loan types.
Borrowing amounts are restricted to the value of your fee block acquisition, as well as your financial health and credit rating.
All proposals are subject to full underwriting & acceptance.
Speed of Approvals
Fee block acquisition funding applications and approvals are relatively quick to process.
With no need for charges on assets or debentures, decisions are made based on you meeting the lenders eligibility criteria.
Many lenders will approve applications within 24 hours, provided that all the required documents are provided at the time of application.
As you are not using security or collateral when making the application there is less paperwork that needs to be completed.
In order to apply you only need to supply information detailing the agreed terms of the fees, latest 3 months bank statements and last filed accounts, along with proof of identity.
No Risk to Assets*
Loans on an unsecured basis do not use collateral as part of the credit agreement, meaning your assets are not at risk in the first instance. Instead the loan is approved on the basis of the value of the fees being purchased, financial health and credit rating.
*In most cases a personal guarantee is required to secure the finance to protect the lender in the event of a default. Luckily, there are a range of personal guarantee insurance products available for businesses using unsecured finance.
The advantages of buying a block of accountancy fees are key. In addition to instant business growth there is the potential to extend your client reach, whether geographically, demographically, or for a type of service.
Fee block acquisition loans can enable your company to;
- Increase its client base without impacting on current cash reserves
- Increase spending power to allow the purchase of higher quality fee blocks
- Benefit from fixed monthly payments over loan terms to suit the company’s spending thresholds
RLA Capital can offer specially tailored facilities for fee block loans designed to help your company manage its cash flow more effectively.
View our full range of business finance facilities here
Frequently Asked Questions
Business Loan Rates Explained
Interest rates are applied to loans and are the cost of borrowing. Interest rates are applied to business loans so that the lender can make a profit from lending you the money.
You may have encountered a wide range of different rates when applying for finance and these can change daily for several reasons.
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Business Loan Eligibility
There is no “one size fits all” when it comes to eligibility for business loans due to the differences in business types, funding needs and lender criteria.
Finding the right lender and the correct facility for your requirements can be time consuming and differences in eligibility between lenders can make the process even more difficult.
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Quick Business Loans | Can you get same day business finance?
Quick business loans can be an important source of capital for any small business.
Same day approvals and payouts depends on:
- Time of day you apply
- The lenders case load
- Whether you correctly submit all required documentation
- The lender does not request any additional information
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