Professional services firms — accountants, solicitors, surveyors, consultancies and advisory practices — run lean balance sheets where the main asset is people and the main cost is payroll. Credicorp lends to these businesses where they are constituted as UK limited companies or LLPs and the borrowing is for business purposes.
The cash-flow shape we design around
Fee income in these firms is often lumpy: large engagements bill on milestones, retainers smooth but rarely cover peak months, and partner drawings compete with reinvestment. Borrowing can bridge the gap between work delivered and cash received, or fund a hire ahead of the revenue that hire will generate.
- Bridging work-in-progress that has been delivered but not yet billed or paid
- Funding a new fee-earner before they become billable
- Smoothing quarterly tax and VAT obligations against uneven receipts
- Investing in practice management or compliance systems
How we lend
Both Credicorp Flex and Credicorp Slice are available to eligible firms. The borrowing is to the company or LLP — we do not take personal guarantees from partners or directors. The rate and term are the ones shown in your offer, agreed up front.
Because Credicorp is an exempt business lender operating outside the FCA consumer-credit regime, the Financial Ombudsman Service and FSCS protection do not apply. If anything is unclear, your account team can talk it through before you sign.
See also: Funding for law firms and legal practices, Business lending in Glasgow and Funding for e-commerce businesses.