£17,000 low cost credit facility helped a Derbyshire accountancy practice fund recruitment and marketing
Where it left the business
Within 8 weeks the firm hired a junior accountant, cutting turnaround time on year end accounts in half, and a marketing campaign drove a 240% rise in website traffic and 5 new retained clients.
Supporting facts
The ambition
A specialist accountancy practice needed to invest in recruitment and marketing to scale, but banks wanted collateral and standard business loans carried high rates.
How the finance was structured
Sourced a specialist Professional Services Loan of £17,000 over 24 months, unsecured and priced at nearly half the cost of standard business loans, with fixed monthly repayments and no hidden fees.
What it made possible
Within 8 weeks the firm hired a junior accountant, cutting turnaround time on year end accounts in half, and a marketing campaign drove a 240% rise in website traffic and 5 new retained clients.
Client details are anonymised. Figures are the facility terms published for this case; lenders make their own credit decisions and every case is assessed individually.
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