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Loans for Accountants
Our Loans for accountants program is here to help you. Due to the recent downturn in our economy, many small businesses has suffered from losses and cash shortages. Most have found it difficult to bounce back and acquire the funding they need from traditional funding sources. Particularly accounting practices, their businesses are not highly collateralized as other businesses. Often, it is more challenging for them to obtain business loans than other, highly collateralized businesses.
At GoKapital, we understand some of the financial challenges that accountants and accounting firms face. We provide faster alternative lending solutions for working capital with affordable terms. We offer unsecured business loans so that accountants can continue to operate their accounting practices without the worry of cash shortage issues.
It doesn’t matter what size your accounting firm may be, we at GoKapital have developed a lending program specifically for accountants and the way they do business. Ironically it’s the accountants who are responsible for keeping their client’s finances in order, yet their accounting practices are in need of financing too – we’re here to help. Many accountants have had clients with excellent credit scores, but who have experienced a decrease in their ability to pay their bills on time. As a result, many accountants have had their working capital tied up in accounts receivables. Our loans allow you to free up your cash flow so that you can continue to operate your business as planned. It also allows you the opportunity to maintain your good credit rating with your bank and other creditors.
We offer loans for accountants to enable them to achieve their long-term goals and objectives while continuing to have a strong impact on their clientele. Our loans for accountants also allows them to pursue additional clients as they are they are repaying their current loans.
GoKapital has been in business since 2013 and has been established to address one of the major problems that small and midsize businesses face – obtaining access to funding. Particularly during a time when banks have closed their lending doors to many small to midsize businesses. They have made it much more challenging to obtain funding and meet their rigid requirements. This set back to obtain additional funds when they are needed makes it difficult for accountants to successfully operate their business at its full capacity. Our business loans for accountants have more flexible terms than traditional banks. We have simplified the qualification requirements, which makes it easier to go through the application process and obtain funding.
Qualifications and Requirements
To qualify for business loans for accountants, they must meet the following criteria as indicated below:
- Unsecured loans to Accountants: To qualify for one of our unsecured loans, you must have an Experian credit score of 620+, have an annual gross revenue of at least 150,000 and need to have been in business for at least two years.
- If you have filed for bankruptcy, GoKapital can still provide funding for your accounting firm, if it was filed over seven years ago.
- Our unsecured business loans for accountants offers affordable terms that are very similar to bank financing, yet more favorable for our specific clientele. We offer unsecured loans to accountants in the amount of $25,000 – $500,000. Our repayment terms are between one to five years, with interest rates beginning as low as 5.9%. The payments must be made on a monthly basis until the loan is paid in full. There are no prepayment penalties if the loan is paid off early. In most all cases the funding is provided to borrowers within seven business days.
Benefits of Obtaining Loans From GoKapital
There are many benefits associated with obtaining unsecured loans for accountants. They can be used for accountants to either expand their practices, hire additional staff, purchase inventory if needed or refinance any current debt that they may have. The goal is to use the funds as leverage to free up your working capital and help your business grow.
At GoKapital, one of our primary goals is to develop a system that matches borrowers to their best working capital options available – as quickly and as easily as possible.
Other Types of Business Loans
Other business loans that we have made available to accountants consist of small business loans, such as those provided by the SBA. GoKapital has made it very easy to apply for small business loans offered by the SBA. It doesn’t matter if you’re just getting started, or if you have been in business for years, we understand the importance of having optional funding sources available for your business. SBA loans provide funding for working capital or for other needs. Our company will guide you through the application process to ensure that your application package meets the guidelines of the SBA.
Because we work with a network of multiple financial institutions we also have access to funding for Microloans, Asset-Based-Loans, Acquisition Loans, Loans for Franchises and more. Please contact our office to get started today.