Professional Services business loans
Law, accounting, consulting, and agency firms use lines of credit and term loans for hiring, technology, and expansion — with approvals in 1–3 days.
Industry overview
Professional services — law, accounting, consulting, marketing, IT services, architecture, engineering — represent more than 1.4 million US firms (BLS NAICS 54). The economics are AR-heavy: bills go out monthly, clients pay 30–60 days later, and payroll is bi-weekly.
Lines of credit are the dominant product. Draw to bridge AR, repay when clients pay. Most well-run firms maintain a working LOC equal to 60–90 days of payroll.
Partner buy-ins, partner buyouts, and lateral hire signing bonuses are typically funded via SBA 7(a) or term loans of $250k–$2M with 5–10 year terms.
Common funding needs
- Payroll between client invoices
- Technology investments
- Office expansion
- Partner buy-ins
Service firms fund hiring, tech, and expansion with revolving credit and term loans.
Pros
- Lines of credit at low effective cost (Prime + 2–6%)
- SBA 7(a) for partner buy-ins at 10% down
- Underwriting friendly to credentialed-professional firms
- Approval in 1–3 days for most LOCs
Cons
- Services firms have minimal hard assets, limiting collateral-based borrowing
- Partner-level personal guarantees standard
- Customer concentration (>30% from one client) compresses approved size
Common mistakes to avoid
Funding payroll with high-cost MCAs
An LOC at Prime + 4% beats a 1.35-factor MCA every time for a service firm with steady AR. Always quote both.
Skipping a working capital LOC
Most firms underuse credit. A revolving LOC with no balance costs nothing and is there when you need it — set it up before you need it.
Funding lateral hires from operating cash
A $300k lateral signing bonus from operating cash is brutal. SBA 7(a) or term loans amortize the cost across the lateral's expected tenure.
Real-world scenarios
$500k partner buy-in via SBA 7(a)
An associate attorney bought equity in a 12-attorney firm via a 10-year SBA 7(a), $50k down, $450k financed at 11.5%.
$250k LOC for a 30-person agency
A digital marketing agency set up a $250k revolving LOC to bridge bi-weekly payroll between client invoice cycles.
Illustrative scenarios based on common deal structures. Actual terms vary by underwriting.
Lead-gen pre-check
See if your professional services business qualifies
Free pre-qualification. No credit pull. No signup required.
Free pre-check
Eligibility checker
No credit pull. No data stored. Instant answer.
Underwriting disclaimer: The eligibility checker is a self-reported pre-qualification tool. It does not constitute an offer of credit or a guarantee of approval. Every funded file goes through full underwriting — including bank statement analysis, business verification, and a credit inquiry whose type (soft or hard) is disclosed before you sign. Final terms, rates, and amounts depend on underwriting and the specific lender or program.
Business funding in as little as 24 hours
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Free to apply. No upfront fees. Available to qualified applicants with a complete file; timing varies by funding provider.
Funding products
Business Line of Credit
Revolving capital you can draw on demand
- Amount
- $10,000 – $1,000,000
- Speed
- Approved in 1–3 days
Business Term Loan
Fixed-rate financing for major investments
- Amount
- $25,000 – $5,000,000
- Speed
- Funded in 2–7 days
Invoice Factoring
Turn unpaid invoices into immediate cash
- Amount
- $10,000 – $10,000,000
- Speed
- Funded same day
SBA Loans
Government-backed loans with competitive rates and long terms (US only)
- Amount
- $50,000 – $10,000,000 (7(a) + 504 combined)
- Speed
- Funded in 30–60 days
Top states for professional services
All states & provinces — professional services
Industry-specific professional services financing pages for every state and province we fund.
FAQs — Professional Services
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Get funded in as little as 24 hours
$5,000 to $25,000,000. Free pre-qualification. No upfront fees. Same-day decisions for clean files.