Professional Services Loan

Premier Business Loans for Professional Services and Consultants

We offer a streamlined and expedited online approval process, allowing you to secure low-rate funding on the same day that you submit your application.

Loan lengths from 6 to 24 months
Interest rates starting at 6%
Funding up to $5 million
Receive funds in 1-2 business days
Bad credit and no collateral options
Both unsecured and secured financing available

Won’t impact your credit

Rated

on Trustpilot

Professionals place their trust in us due to our comprehensive understanding of their needs and our commitment to treating them with the utmost respect and care.

Effortless application

Recognizing the importance of your time, we have designed our online application to be straightforward and efficient, ensuring that approval can be obtained in just a few minutes.

Expert lending advisors

We will manage the documentation process on your behalf. You may concentrate on operating your business, ensuring that you receive funding on the same day.

Getting a Professional Service Loans for Your Business

The professional services sector encompasses over nine million jobs nationwide and is characterized by significant size and diversity. It includes various fields such as finance, insurance, accounting, medicine, architecture, and engineering. Numerous small business owners provide specialized services across these industries. While each profession possesses distinct characteristics, all enterprising professionals share a common objective: the pursuit of business goals.

Regardless of whether you are a Certified Public Accountant (CPA), attorney, accountant, or physician, our services are designed to meet your needs. Our extensive network of over 75 lenders competes to offer you the most advantageous professional service loans available.

Acquire the working capital necessary to foster growth and achieve your business ambitions. Our streamlined online loan process simplifies financing. We offer loan amounts of up to $5 million, enabling you to realize even your most significant business objectives.

6 Best Professional Loans for Business

Each industry possesses distinct characteristics. Obtaining a loan that aligns with your professional requirements and business model necessitates a customized approach. At Configure Capital, you have the opportunity to select from bespoke loan offers, carefully curated by our dedicated professional industries team. Financing options are structured based on your service sector, preferences, and overarching business objectives.

SBA loan

The Small Business Administration (SBA) allocates dedicated funding specifically for small business applicants. These loans are government-backed, which renders them less risky in the eyes of most lenders compared to alternative financing options. The loan structures bear resemblance to traditional short-term loans; however, eligibility criteria may vary.

Apply for SBA Loan

Line of Credit for Business

Certain professions encounter seasonal declines in revenue when activity diminishes, while others experience variable expenses. In such circumstances, a business credit line can be advantageous. Funds can be accessed as required, corresponding to emerging costs. Credit lines offer a flexible solution for working capital and serve as a financial safeguard.

Apply for Credit Line

Business Cash Advance:

Business advances are increasingly favored by professionals seeking immediate access to capital. These financial instruments are commonly utilized to address short-term cash flow deficiencies. Unlike traditional loans that are evaluated primarily based on credit scores, business advances are extended based on revenue, thereby presenting an advantageous option for business proprietors who may have poor credit histories.

Apply for Business Cash Advance

Short Term Loan

Referred to as installment loans, this form of financing offers business owners a singular infusion of working capital. The repayment of funds occurs in small increments over a defined period, adhering to a predictable payment schedule. Business term loans are generally favored by professionals seeking affordability and structure.

Apply for Term Loan

Equipment Funding

Small businesses from all industries use equipment to move their business forward and complete daily tasks. Whether you need machinery for your medical practice, commercial vehicles for your consulting business, or new technology for your firm, equipment loans can help you reach your goals. Financing options are available with no collateral required.

Apply for Equipment Financing

Invoice Factoring

Factoring represents a form of asset-based financing wherein lenders extend working capital in advance, predicated on a company’s outstanding invoices. This type of financing presents a favorable option for business proprietors seeking to minimize issues related to accounts receivable.

Apply for Invoice Factoring

Meet your Configure Capital advisors

We make sure you’re getting the best fast business loan, and set your company up for success. See how it works →

Minimum Requirements

Here’s what you need to qualify for a small business loan from Configure Capital lenders. Your dedicated advisor will guide you through the approval process even if you have bad credit.

$10,000 in monthly revenue

Your practice or business must be generating at least $10K per month in a gross sales.

Over 500 credit score

While you can get approved with any credit score, keep in mind that lenders offer better interests rates the higher your score is. Our interest rates start at just 6%.

Business is operational for 6+ months

You should be in business for at least six months to qualify. This shows us that your business model is sustainable and you don’t default on your loan.

Have a business bank account

Your Configure Capital advisor will ask for 3-4 months of your most recent bank statements to verify incoming revenue.

Small Businesses ❤️ Configure Capital

Configure Capital got me through a slow season

Bryan helped me with a loan during my slow season, carefully assessing my business and 12-month projections to determine the needed funding. I’m grateful for Configure Capital’s support.

Shelly K.

I trust Configure Capital for my accounting firm

As an accountant, trusting another company with my business’s finances was a big decision. Configure Capital met all my expectations. Their application was easy to use, and their team was always available to help. They have significantly contributed to my firm’s growth.

Julian W.

Got an equipment loan from Configure Capital overnight

Hi there! I’m a dentist and I’ve been on the lookout for some new equipment for my clinic. I tried a few places, but they came with a lot of paperwork and delays. Then I had a chat with Shane at Configure Capital, and it was such a breath of fresh air! He made everything so easy and even got me funded the very next day. What a great experience!

Ferzana Y.

Top Uses for Professional Services Financing:

We understand the value in meeting your unique needs. At Configure Capital, we make financing easy, so you can focus on achieving your business objectives.

Equipment Needs:

Businesses have diverse equipment needs, such as X-ray machines for dentists and software for accountants. Desks, printers, and computers are also common necessities. Loans can help finance new and used equipment, preserving cash reserves. New businesses can qualify for loans if they’ve been operational for at least three to six months, as longer operation reduces risk for lenders.

Pandemic Relief:

COVID has severely impacted many small businesses, forcing some to shut down and others to face rising operational costs for PPE and sanitation. If your business has encountered disruptions or unexpected costs due to the pandemic, financing can help provide relief and bridge cash flow gaps.

Company Expansions:

Growth periods are exciting for business owners but can be costly. Funds can be used to acquire new practices, buy commercial real estate, hire and train new employees, place large inventory orders, and more. Having the right resources to grow is essential for long-term success.

Payroll and Staffing:

Many professionals get loans to help cover labor costs like hiring and paying staff. This prevents them from using up their available funds. During difficult times, loans can help businesses avoid layoffs. Due to the pandemic, the Payroll Protection Program is available for qualified small business owners.

Tax Bills and Tax Season:

Getting squared away with Uncle Sam can come at a high price. When money is tight, paying taxes can strain the company. Professionals have the option of using loans to cover a large tax bill. This gives professionals the benefit of repaying taxes on a fixed schedule, in small payments, rather than as a lump sum. The flexible payment schedule can reduce stress and eliminates the need to use up whatever liquidity a company may have on hand.

Unplanned Expenses:

The unexpected occurs all the time in business. Unfortunately, when an emergency happens, it often comes with additional costs. Whether you’re experiencing an unanticipated dip in revenue, have to replace or fix broken equipment, or are dealing with legal matters, we’ve got you covered. An infusion of working capital can be allocated towards your most pressing and immediate business needs.

Commercial Real-Estate and Rent:

Rent is one of the largest operational expenses business owners incur. If your company is located in a high-cost of living area, making rent can seem daunting. Small business owners often choose to allocate a portion of borrowed capital to rent, utilities, and other company bills. During COVID, many entrepreneurs rely on financing to make rent and keep business afloat.

What are Professional Service Loans?

Professional business financing is funding for business owners with special training or skills in their industry. These small business owners may have licenses, accreditations, certificates, or degrees. The funding is intended to help industry professionals meet their business needs. They can use the money to grow their business, improve cash flow, cover expenses during slow times, and buy or lease equipment specific to their field.

Which Professionals Can Receive Business Financing?

Qualified applicants come from various fields such as law, accounting, IT, healthcare, engineering, and more. These professionals offer services or products based on their expertise and background.

Some use their industry connections and experience to provide consultations for a fee, while others offer expert guidance after extensive education and training. Businesses eligible for loans include law firms, medical clinics, insurance agencies, financial planners, consulting firms, engineering companies, accounting firms, and other professional services. Each firm typically serves customers who need specialized services to achieve specific goals.

Types of Professional Services Loans

Here are the most common funding solutions we provide service-based businesses. Your advisor will walk you through all options.

You deserve low rates and an professional lender who has your back.

From our humble beginnings in 2018, we remain committed to helping American small businesses achieve success. We keep funding simple, convenient and transparent. Read our manifesto →

Eligibility for Industry Loans

Eligibility for professional loans for business varies depending on the lender. The following criteria is a general overview of top qualification factors.

Financial Statements:

Have your most recent bank statements, from the last 3 months, ready for review. Bank statements are used to verify financial information and operating cash flow.

Existing Debt:

The amount of outstanding debt your business carries can impact loan offers. Lenders look at debt-to-income ratio (DTI) in order to determine risk. Companies that are highly leveraged are generally considered riskier than those with no outstanding debt.

Credit Standing:

Credit scores are only one of many factors considered when determining financing eligibility. Having a strong business credit score will matter more than your personal credit. A history of responsible borrowing will help you secure the most competitive professional loans for business.

Time in Business:

The longer you’ve been in business, the better. Professionals who own companies that have been around a minimum of 6 months will have the best approval odds.

Average Revenue:

If your professional services company generates a lot of revenue, you’ll be eligible for larger financing amounts. Loan sizes max out at a top percentage of company revenue. Approved applicants are able to demonstrate a minimum of $10,000 monthly business revenue, on average.

FAQs about Professional Service Loans

Getting access to fast working capital can transform your professional service. Here are answers to the top questions from your peers in service-based businesses.

Can you get a loan without collateral?

Yes. We offer business loans with no money down and no personal guarantee. A professional service team advisor can go over no collateral options with you.

What are the requirements for a business loan?

Eligibility is generally based on gross monthly revenue, length of time in business, and recent bank statements. Talk with a loan advisor to learn more about approval criteria.

Can I get approved with bad credit?

Yes. Small business owners with poor credit scores can still be approved for professional service financing. To learn more, speak with a lending advisor about bad credit loan options.

Types of businesses we fund

Here’s a few types of service-based companies we’ve recently helped with financing:

Accountants
Healthcare Professionals
Dentists
Doctors
Therapists
Financial advisors
Architects
Consultants
Lawyers
Independent Nurse Practitioners
Recruiting Firms
Physician Assistants
Medical Providers
Attorneys
Marketing and Advertising Businesses
Staffing Firms
Chiropractors
Insurance agencies

Ready for a professional services loan?

Apply online for on-the-spot approval with interest rates starting at 6%. No collateral is needed. Our simple application takes only a few minutes.

See Your Options

Click Here