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Professional Services Business Finance

Recruitment, software and client projects can create costs before fees are collected. Explore business funding around your firm’s billing model and the income available for repayment.

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Distinguish completed invoices from work in progress

An active client pipeline is not the same as cash in the bank. Separate retained income, billed fees, unbilled work and fees dependent on completion or another outcome. Project acceptance, cancellation terms and client concentration can affect the funding available. Money held on behalf of clients must not be treated as unrestricted business cash.

Business investment

Business loans may support recruitment, systems or premises. Link the proposed spending to a realistic forecast of fees collected after operating costs.

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Eligible client invoices

Invoice discounting may suit firms with eligible business invoices and established credit control. Confidentiality and customer-notification terms need confirmation.

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Occasional payment gaps

Selective invoice finance may suit particular eligible invoices rather than a continuing whole-ledger facility. Compare minimum charges and collection arrangements.

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Information to prepare

Prepare management accounts, client contracts, debtor ageing and a forecast separating earned fees from pipeline assumptions. Explain acceptance stages, confidentiality requirements and existing borrowing. Check professional obligations before assigning receivables or offering security.

Your questions answered

Can unbilled work be funded as an invoice?

It is not normally the same as an eligible unpaid invoice. The provider needs to assess whether a payment obligation exists, the supporting contract and any acceptance conditions.

Discuss your professional services funding requirement

Tell us what you need to fund, when you need it and how you plan to repay. Availability and terms depend on the provider’s assessment.

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Finance is subject to eligibility, status and lender terms. Security or a personal guarantee may be required.

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