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
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Eligibility checker
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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.
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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 the lowest rates (US only)
- Amount
- $50,000 – $5,000,000
- 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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$5,000 to $25,000,000. Free pre-qualification. No upfront fees. Same-day decisions for clean files.