Professional Services
Business Loans for Professional Services
Agencies, consultancies, law and accounting firms fund payroll, client acquisition, and the gap created by net-30 or net-60 invoicing. Steady recurring revenue tends to produce strong approval odds even without hard collateral.
What it pays for.
- Payroll ahead of client payment
- Net-30 and net-60 invoice gaps
- Hiring before revenue arrives
- Client acquisition and new business
- Software, tooling and office costs
It is usually the same reason a lender says yes.
Service firms hold little collateral, which is what a bank's model looks for. A revenue-based lender looks at recurring client billings instead and sees predictable, verifiable income.
Funding options for professional services.
Merchant Cash Advance
A merchant cash advance gives a business a lump sum today in exchange for a fixed percentage of future sales. Approval is based on revenue rather than credit score, so businesses turned down by banks often still qualify. Funding typically lands in one to three business days.
Working Capital Loans
A working capital loan covers day-to-day operating costs — payroll, rent, inventory, payables — rather than a long-term investment. Terms usually run three to eighteen months, decisions come in hours rather than weeks, and most funders weigh recent revenue more heavily than credit history.
Equipment Financing
Equipment financing pays for machinery, vehicles or tools, with the equipment itself serving as the collateral. Because the loan is secured by the asset, approval odds are higher and rates are usually lower than unsecured funding — and many businesses qualify with limited credit history.
Business Line of Credit
A business line of credit is a revolving limit you draw against as needed, paying interest only on the amount drawn. It suits uneven cash flow and unexpected costs better than a lump-sum loan, and the limit replenishes as you repay.
Professional Services: questions owners ask.
- Can a service business get funding without collateral?
- Yes. Revenue-based funding is not secured against assets: recurring client billings are what the lender underwrites.
- How do agencies fund payroll on net-60 terms?
- Working capital sized to the receivables gap. Borrow when payroll runs, repay when the invoices clear.
- What documents are needed?
- Typically three to six months of business bank statements. Full financial statements and tax returns are rarely required at this size.