Professional Practice Loans

Special loan facilities are available to both individual professionals and firms. Loans can be used for a variety of purposes including buying into a practice, purchasing a block of fees or complete practice, buying out a retiring partner, refurbishing premises, restructuring etc Lenders seem to be very keen to fulfill requests for practice loans as professionals generally generate a good income and therefore are in an excellent position to repay any monies borrowed.

Special loan facilities are available to both individual professionals and firms.
Loans can be used for a variety of purposes including buying into a practice, purchasing a block of fees or complete practice, buying out a retiring partner, refurbishing premises, restructuring etc Lenders seem to be very keen to fulfill requests for practice loans as professionals generally generate a good income and therefore are in an excellent position to repay any monies borrowed.

About our professional practice loans:
A loan package for professionally qualified people who need funding to work in private practice.
Repayment combinations tailored to meet individual partners needs
Capital repayment holiday option that allows only interest payments to be made for up to 2 years.
Please note, following a capital holiday your repayment instalment(s) will be increased to include that element of capital which would ordinarily have been repayable during the holiday period.
Loans available from £5000 depending on the method of repayment chosen with repayment terms available up to 25 years or retirement age (usually 60)

The Key benefits of our professional practice loans

Set up a new practice

Buy or improve an existing practice

Buy into an existing practice

Increase your share in the partnership

Purchase equipment

Refinance existing borrowing

How does a business loan work

	You can decide on either fixed or variable interest rates for repaying your loan. A fixed rate will give your business protection from interest rate fluctuations and allow you to forecast your repayments and cashflow more accurately.
	A variable rate will mean that any movement up or down in the money market interest rate will have a similar effect on your company's interest repayments. Typically, there is no charge for arranging most loans, nor are there penalties for early settlement in cases where the interest rate is variable. However, if the interest rate is fixed, charges and penalties can be incurred.
	In certain cases you may postpone the payment of the capital amount, i.e. pay the interest only, for a period, to better suit your cashflow requirements.
	You can choose the term of your loan over a set number of years, to suit your business's circumstances.
	You can choose the repayment frequency of the loan i.e. the number of times within the term you repay the loan, such as every month, every quarter etc.
	Multi-currency loans are available.
	Security may be required for business loans. Each case is judged on its own merits.

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General financial planning and advice

Great British Finance Limited are authorised and regulated by the Financial Services Authority (FSA). The FSA does not regulate some forms of Mortgage, Inheritance Tax Planning, Credit Cards, Personal Loans, Deposit Accounts & Insurance. If you are submitting an online request, we would advise to read our KeyFacts statement, links are at the top and bottom of this page.